Note 4. Intangible Assets

The determination of the fair value of intangible assets acquired in a business acquisition, including the Company’s acquisition of Kaspien Inc. in 2016, is subject to many estimates and assumptions. Our identifiable intangible assets that resulted from our acquisition of Kaspien Inc. consist of vendor relationships, technology and tradenames. We review amortizable intangible asset groups for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable.

Identifiable intangible assets as of July 31, 2021 consisted of the following (amounts in thousands):

The changes in net intangibles and goodwill from January 30, 2021 to July 31, 2021 were as follows:

Amortization expense of intangible assets for the thirteen and twenty-six weeks ended July 31, 2021 and August 1, 2020 consisted of the following:

The remaining amortization expense will be recognized in fiscal 2021, at which time all intangible assets will be fully amortized.