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We performed a quantitative impairment analysis on October 31, 2022 for the lululemon Studio reporting unit. The result of this annual test concluded that the fair value of the lululemon Studio reporting unit exceeded its carrying value.
The fair value of the lululemon Studio reporting unit was a Level 3 fair value measurement. As of January 29, 2023, the undiscounted cash flows of the lululemon Studio asset group to which the intangible assets belonged were less than their carrying value, and therefore the Company calculated the fair value of the asset group, which was also ...
The key assumptions used to estimate the fair value of the lululemon Studio reporting unit were the revenue growth rates, operating profit margins, and the discount rate. The fair value of the lululemon Studio reporting unit is a Level 3 fair value measurement.
Mar 29, 2022 · As of November 1, 2021, we performed a quantitative impairment analysis of the MIRROR reporting unit and concluded that the fair value of the MIRROR reporting unit exceeded its carrying value, and no impairment has been recognized. We used a discounted cash flow model to estimate the fair value, supplemented by market analysis, which indicated ...
Mar 17, 2024 · Lululemon announced its intention to acquire MIRROR in 2020 for a purchase price of $500M, subsequently re-branded [it to] "lululemon Studio," and $362.5 million of goodwill was allocated to the lululemon Studio reporting unit. (Page 39)
Oct 29, 2023 · The undiscounted cash flows of the lululemon Studio asset group were less than their carrying value, and therefore the Company calculated the fair value of the asset group, which was also less than its carrying value.
Mar 30, 2021 · The Company has allocated $362.5 million of goodwill to the MIRROR reporting unit. As at November 2, 2020, we performed a qualitative assessment and concluded that it was more likely than not that the fair value of the MIRROR reporting unit exceeded its carrying value, and therefore, no further impairment testing was required. In concluding ...
