RH Goodwill & Intangibles Disclosure
NOTE 7—GOODWILL, TRADENAMES, TRADEMARKS AND OTHER INTANGIBLE ASSETS
Goodwill, tradenames, trademarks and other intangible assets for the RH Segment and Waterworks consisted of the following:
| | RH SEGMENT | | WATERWORKS | ||||||||
| TRADENAMES, | TRADENAMES, | ||||||||||
TRADEMARKS AND | TRADEMARKS AND | |||||||||||
OTHER INTANGIBLE | OTHER INTANGIBLE | |||||||||||
| GOODWILL | ASSETS | GOODWILL(1) | ASSETS(2) | ||||||||
(in thousands) | ||||||||||||
February 3, 2024 |
| $ | 141,033 | $ | 58,927 | $ | — | $ | 17,000 | |||
Additions | — | 877 | — | — | ||||||||
Other(3) | — | (686) | — | — | ||||||||
Foreign currency translation |
| (90) |
| — |
| — |
| — | ||||
February 1, 2025 | $ | 140,943 | $ | 59,118 | $ | — | $ | 17,000 | ||||
Additions |
| 3,220 | 3,978 | — | — | |||||||
Other(3) | — | (319) | — | — | ||||||||
Foreign currency translation | 76 | — | — | — | ||||||||
January 31, 2026 | $ | 144,239 | $ | 62,777 | $ | — | $ | 17,000 | ||||
| (1) | Waterworks reporting unit goodwill of $51 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018. |
| (2) | Presented net of an impairment charge of $35 million recognized in prior fiscal years. |
| (3) | Represents disposals and amortization. |
There are no goodwill, tradenames, trademarks and other intangible assets for the Real Estate segment.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Apr 1, 2026 | Showing above |
| 2025 | Apr 2, 2025 | |
| 2024 | Mar 28, 2024 | |
| 2023 | Mar 29, 2023 | |
| 2022 | Mar 30, 2022 | |
| 2021 | Mar 30, 2021 | |
| 2020 | Mar 30, 2020 | |
| 2019 | Mar 29, 2019 | |
| 2018 | Mar 29, 2018 | |
| 2017 | Mar 29, 2017 | |
| 2016 | Mar 30, 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.