| Goodwill and Intangible Assets |
Note 9 Goodwill and Intangible Assets Goodwill and intangible assets were as follows: | | | | | | | | | | ($ thousands) | | August 1, 2026 | | August 2, 2025 | | January 31, 2026 | Intangible Assets | | | | | | | | | | Famous Footwear | | $ | 2,800 | | $ | 2,800 | | $ | 2,800 | Brand Portfolio (1) | | | 354,883 | | | 342,083 | | | 354,883 | Total intangible assets | | | 357,683 | | | 344,883 | | | 357,683 | Accumulated amortization | | | (174,709) | | | (163,083) | | | (168,922) | Total intangible assets, net | | | 182,974 | | | 181,800 | | | 188,761 | Goodwill | | | | | | | | | | Brand Portfolio (2) | | | 15,994 | | | 4,956 | | | 15,386 | Total goodwill | | | 15,994 | | | 4,956 | | | 15,386 | Goodwill and intangible assets, net | | $ | 198,968 | | $ | 186,756 | | $ | 204,147 |
| (1) | The carrying amount of intangible assets as of August 1, 2026, August 2, 2025 and January 31, 2026 is presented net of accumulated impairment charges of $106.2 million. |
| (2) | The carrying amount of goodwill as of August 1, 2026, August 2, 2025 and January 31, 2026 is presented net of accumulated impairment charges of $415.7 million. |
As further described in Note 3 of the condensed consolidated financial statements, the Company acquired Stuart Weitzman on August 4, 2025. The allocation of the purchase price resulted in trademark intangible assets of $12.8 million and incremental goodwill of $11.0 million. The trademark is being amortized on a straight-line basis over its useful life of 20 years. The Company’s intangible assets as of August 1, 2026, August 2, 2025 and January 31, 2026 were as follows: | | | | | | | | | | | | | | | ($ thousands) | | August 1, 2026 | | | Estimated Useful Lives | | | | | Accumulated | | Accumulated | | | | | | (In Years) | | Cost Basis | | Amortization | | Impairment | | Net Carrying Value | Trade names | | 2 - 40 | | $ | 312,288 | | $ | (154,134) | | $ | (10,200) | | $ | 147,954 | Trade names | | Indefinite | | | 107,400 | | | — | | | (92,000) | | | 15,400 | Customer relationships | | 15 - 16 | | | 44,200 | | | (20,575) | | | (4,005) | | | 19,620 | | | | | $ | 463,888 | | $ | (174,709) | | $ | (106,205) | | $ | 182,974 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ thousands) | | August 2, 2025 | | | Estimated Useful Lives | | | | | Accumulated | | Accumulated | | | | | | (In Years) | | Cost Basis | | Amortization | | Impairment | | Net Carrying Value | Trade names | | 2 - 40 | | $ | 299,488 | | $ | (144,798) | | $ | (10,200) | | $ | 144,490 | Trade names | | Indefinite | | | 107,400 | | | — | | | (92,000) | | | 15,400 | Customer relationships | | 15 - 16 | | | 44,200 | | | (18,285) | | | (4,005) | | | 21,910 | | | | | $ | 451,088 | | $ | (163,083) | | $ | (106,205) | | $ | 181,800 | | | | | | | | | | | | | | | | ($ thousands) | | January 31, 2026 | | | Estimated Useful Lives | | | | | Accumulated | | Accumulated | | | | | | (In Years) | | Cost Basis | | Amortization | | Impairment | | Net Carrying Value | Trade names | | 2 - 40 | | $ | 312,288 | | $ | (149,492) | | $ | (10,200) | | $ | 152,596 | Trade names | | Indefinite | | | 107,400 | | | — | | | (92,000) | | | 15,400 | Customer relationships | | 15 - 16 | | | 44,200 | | | (19,430) | | | (4,005) | | | 20,765 | | | | | $ | 463,888 | | $ | (168,922) | | $ | (106,205) | | $ | 188,761 |
Amortization expense related to intangible assets was $2.9 million and $2.8 million for the thirteen weeks ended August 1, 2026 and August 2, 2025, respectively. Amortization expense related to intangible assets was $5.8 million and $5.5 million for the twenty-six weeks ended August 1, 2026 and August 2, 2025, respectively. The Company estimates that amortization expense related to intangible assets will be approximately $11.7 million in 2026, $11.5 million in 2027, and $11.3 million in 2028, 2029, 2030 and 2031. Goodwill is tested for impairment as of the first day of the fourth quarter of each fiscal year, or more frequently if events or circumstances indicate it might be impaired, using either the qualitative assessment or a quantitative fair value-based test. The Company recorded no goodwill impairment charges during the twenty-six weeks ended August 1, 2026 or August 2, 2025. Indefinite-lived intangible assets are tested for impairment as of the first day of the fourth quarter of each fiscal year unless events or circumstances indicate an interim test is required. The Company recorded no impairment charges for indefinite-lived intangible assets during the twenty-six weeks ended August 1, 2026 or August 2, 2025.
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