|9 Months Ended|
Sep. 28, 2019
|Goodwill and Intangible Assets Disclosure [Abstract]|
|INTANGIBLE ASSETS||INTANGIBLE ASSETS
During the third quarter of fiscal 2019, the Company determined that the exclusive domestic wholesale distribution and licensing agreement of the Rock & Republic® brand would not be extended. This was considered a triggering event that required management to perform a quantitative impairment analysis of the Rock & Republic® trademark intangible asset. Based on this analysis, the Company recorded a $32.6 million non-cash impairment charge which was reflected within "non-cash impairment of intangible asset" in the Company's statement of income during the three months ended September 2019. The Company did not incur any impairment charges during fiscal 2018. Refer to Note 14 to the Company's financial statements for additional information on the related fair value measurements.
Amortization expense (excluding impairment charges) was $0.6 million and $2.6 million for the three and nine months ended September 2019. Amortization expense was $1.1 million and $3.2 million for the three and nine months ended September 2018.
Estimated amortization expense for the next five years beginning in fiscal 2019 is $3.0 million (including the nine months ended September 2019), $1.4 million, $1.2 million, $1.1 million and $1.0 million, respectively.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef