|12 Months Ended|
Dec. 28, 2019
|Goodwill and Intangible Assets Disclosure [Abstract]|
|INTANGIBLE ASSETS||INTANGIBLE ASSETS
During the third quarter of 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 in August 2019, which was reflected within "non-cash impairment of intangible asset" in the Company's statement of income during 2019 and is included in the accumulated amortization balance at December 2019. The Company did not incur any impairment charges during 2018 or 2017. Refer to Note 13 to the Company's financial statements for additional information on the related fair value measurements.
Amortization expense (excluding impairment charges) was $3.0 million, $4.2 million and $4.2 million for 2019, 2018 and 2017, respectively.
Estimated amortization expense for the next five years beginning in 2020 is $1.4 million, $1.2 million, $1.1 million, $1.0 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