Goodwill
The following table presents changes in the carrying amount of goodwill recorded in the Company’s Consolidated Balance Sheets, summarized by reportable segment, including amounts recognized as part of the Transaction to the Foot Locker reportable segment (in thousands):
Fiscal 2025
DICK’S SegmentFoot Locker SegmentTotal
Balance as of February 1, 2025$245,857 $— $245,857 
Acquisition of Foot Locker— 618,840 618,840 
Currency translation— (650)(650)
Balance as of January 31, 2026$245,857 $618,190 $864,047 
The carrying amount of goodwill for the DICK’S reportable segment is net of accumulated impairments of $115.9 million for both fiscal 2025 and 2024. In fiscal 2023, the Company recorded $4.6 million of impairment charges in connection with the Business Optimization, refer to Note 12 – Fair Value Measurements for further information. No impairment charges were recorded in fiscal 2025 or 2024.
Intangible Assets
The components of intangible assets were as follows as of the end of the fiscal years presented below (in thousands):
 
20252024
 
Gross AmountAccumulated AmortizationGross AmountAccumulated Amortization
Trademarks (indefinite-lived)$35,165 $— $35,165 $— 
Trade names (indefinite-lived) (1)
725,637 — 15,660 — 
Other indefinite-lived intangible assets
7,773 — 7,773 — 
Total indefinite-lived intangible assets768,575 — 58,598 — 
Customer lists
18,195 (18,195)18,195 (18,195)
Total intangible assets
$786,770 $(18,195)$76,793 $(18,195)
(1)The increase in trade names during fiscal 2025 is due to $710.0 million of trade names recognized in the acquisition of Foot Locker on September 8, 2025, including the impact of currency translation.
In fiscal 2023, the Company recorded a $2.2 million impairment of an indefinite-lived trademark that was no longer in use within selling, general and administrative expenses on the Consolidated Statement of Income. In addition, the Company recorded amortization on its finite-lived intangible assets of $0.2 million and $1.5 million in fiscal 2024 and 2023, respectively; the customer lists were fully amortized as of the end of fiscal 2024.
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Historical Timeline

Fiscal YearFiled
2026Mar 27, 2026Showing above
2025Mar 27, 2025
2024Mar 28, 2024
2023Mar 23, 2023
2022Mar 23, 2022
2021Mar 24, 2021
2020Mar 20, 2020
2019Mar 29, 2019
2018Mar 30, 2018
2017Mar 24, 2017
2016Mar 25, 2016

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.