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Intangible Assets, Net
9 Months Ended
Dec. 27, 2014
Intangible Assets, Net  
Intangible Assets, Net

4.Intangible Assets, Net

 

Net intangible assets as of December 27, 2014 and March 29, 2014 consisted of the following (in thousands):

 

 

 

December 27, 2014

 

 

 

Gross 
Carrying 
Amount

 

Accumulated 
Amortization

 

Net

 

 

 

 

 

 

 

 

 

Trademarks

 

$

2,490

 

$

(2,490

)

$

 

Customer list

 

7,300

 

(4,038

)

3,262

 

Non-compete agreements

 

1,380

 

(723

)

657

 

Below-market leases

 

5,318

 

(1,576

)

3,742

 

Total definite lived

 

16,488

 

(8,827

)

7,661

 

Trademarks-indefinite lived

 

50,100

 

 

50,100

 

Total intangible assets

 

$

66,588

 

$

(8,827

)

$

57,761

 

 

 

 

March 29, 2014

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net

 

 

 

 

 

 

 

 

 

Trademarks

 

$

2,490

 

$

(2,490

)

$

 

Customer list

 

7,300

 

(2,732

)

4,568

 

Non-compete agreements

 

1,380

 

(500

)

880

 

Below-market leases

 

5,318

 

(1,143

)

4,175

 

Total definite lived

 

16,488

 

(6,865

)

9,623

 

Trademarks-indefinite lived

 

50,100

 

 

50,100

 

Total intangible assets

 

$

66,588

 

$

(6,865

)

$

59,723

 

 

Amortization expense for intangible assets totaled $0.6 million and $1.0 million for the thirteen weeks ended December 27, 2014 and December 28, 2013, respectively, and $2.0 million and $2.9 million for the thirty-nine weeks ended December 28, 2013, respectively, and is included in selling, general and administrative expenses.

 

As of December 27, 2014, estimated future amortization of intangible assets was as follows (in thousands):

 

Fiscal year

 

 

 

 

 

 

 

2015

 

$

631 

 

2016

 

2,324 

 

2017

 

1,772 

 

2018

 

777 

 

2019

 

438 

 

Thereafter

 

1,719 

 

Total

 

$

7,661