lululemon athletica inc
For the period ended Jan 28, 2024. Filed Mar 21, 2024.
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FY2024 · Filed Mar 21, 2024
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Goodwill
Note 6. Goodwill
The changes in the carrying amounts of goodwill were as follows:
| Goodwill | |
|---|---|
| (In thousands) | |
| Balance as of January 30, 2022 | $386,880 |
| Impairment of goodwill | (362,492) |
| Effect of foreign currency translation | (244) |
| Balance as of January 29, 2023 | $24,144 |
| Effect of foreign currency translation | (61) |
| Balance as of January 28, 2024 | $24,083 |
The Company recognized an impairment charge of $362.5 million related to the lululemon Studio reporting unit as of January 29, 2023 on the goodwill that arose from the acquisition of MIRROR. Please refer to Note 8. Impairment of Goodwill and Other Assets, Restructuring Costs for further information.
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