Our goodwill and intangible assets are comprised of goodwill, which represents the excess of cost over the fair value of net assets acquired, and our Ethan Allen trade name and related trademarks. Both goodwill and indefinite-lived intangible assets are amortized as they are estimated to have an indefinite life. At both and we had million of goodwill and million of other indefinite-lived intangible assets, all of which is in our wholesale segment.

 

We test our wholesale goodwill and indefinite-lived intangibles for impairment on an annual basis in the quarter of each fiscal year, and more frequently if events or changes in circumstances indicate that it might be impaired. Due to the economic conditions during the quarter of fiscal as a result of the COVID- pandemic, we determined that an impairment triggering event occurred, which required an interim quantitative impairment assessment of goodwill and intangible assets. Based on the Company's interim quantitative assessment performed as of the fair value of the wholesale reporting unit exceeded our related carrying value by approximately thus impairment of goodwill. We also performed our annual qualitative goodwill impairment test during the quarter of fiscal consistent with the timing of previous years, and concluded their remained impairment.

 

The fair value of our trade name, which is the Company's only indefinite-lived intangible asset other than goodwill, was also reviewed as of for impairment. We performed the interim trade name impairment test and concluded that its fair value substantially exceeded the carrying value as of thus impairment. We also performed our annual trade name impairment test during the quarter of fiscal consistent with the timing of previous years, and concluded that there was impairment.

 

If the market valuation of our common shares or operating results within the wholesale reporting unit significantly decline beyond current levels, we again need to conduct an evaluation of the fair value of our goodwill and trade name, which result in an impairment charge.