XML 91 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible and Other Assets
12 Months Ended
Dec. 28, 2013
Intangible and Other Assets  
Intangible and Other Assets

8. Intangible and Other Assets

        Intangible and other assets consisted of the following (in thousands):

 
   
  2013   2012  
At Fiscal Year End
  Useful Lives   Gross
Amount
  Accumulated
Amortization
  Gross
Amount
  Accumulated
Amortization
 

Intangibles-subject to amortization:

                             

Trademarks

  10 yrs.   $ 4,175   $ 2,695   $ 4,135   $ 2,400  

Customer lists

  5 - 10 yrs.     43,367     14,065     32,144     9,980  

Patents

  3 - 20 yrs.     2,273     1,360     2,273     815  

Noncompete agreement

  6 yrs.     1,913     558     1,895     237  

Other

  7 - 20 yrs.     263     207     258     194  
                       

Total intangibles—subject to amortization

        51,991     18,885     40,705     13,626  

Intangibles—not subject to amortization:

                             

Trade names

        83,659           83,647        

Other assets:

                             

Key money deposits

        35,535     17,038     35,655     14,060  

Other deposits

        22,574           17,591        

Deferred compensation plan assets

        2,360           3,188        

Deferred tax asset—net

        10,044           6,536        

Restricted cash

        752           991        

Shop-in-shop

        16,334     7,767     11,396     5,297  

Interest rate swap

        4,307           0        

Other

        4,440           3,948     1  
                       

Total other assets

        96,346     24,805     79,305     19,358  
                       

Total intangible and other assets

      $ 231,996   $ 43,690   $ 203,657   $ 32,984  
                       
                       

Total intangible and other assets—net

            $ 188,306         $ 170,673  
                           
                           

        Key money is the amount of funds paid to a landlord or tenant to acquire the rights of tenancy under a commercial property lease for a certain property. Key money represents the "right to lease" with an automatic right of renewal. This right can be subsequently sold by the Company or can be recovered should the landlord refuse to allow the automatic right of renewal to be exercised. Key money is amortized over the initial lease term, which ranges from approximately four to 18 years.

        Amortization expense for intangible assets was approximately $5.2 million, $3.5 million and $0.9 million for fiscal years 2013, 2012 and 2011, respectively. Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands):

Fiscal Year
  Amortization
Expense
 

2014

  $ 5,191  

2015

    4,798  

2016

    4,660  

2017

    4,400  

2018

    4,034