XML 54 R17.htm IDEA: XBRL DOCUMENT v3.3.0.814
INTANGIBLE AND OTHER ASSETS
9 Months Ended
Oct. 03, 2015
INTANGIBLE AND OTHER ASSETS  
INTANGIBLE AND OTHER ASSETS
INTANGIBLE AND OTHER ASSETS
 
The following table summarizes intangible and other assets (in thousands):
 
 
 
 
October 3, 2015
 
January 3, 2015
 
 
Useful
 
Gross
 
Accumulated
 
Gross
 
Accumulated
At Fiscal Year End
 
Lives
 
Amount
 
Amortization
 
Amount
 
Amortization
Intangibles-subject to amortization:
 
 
 
 

 
 

 
 

 
 

Trademarks
 
10 yrs.
 
$
4,175

 
$
3,135

 
$
4,174

 
$
2,950

Customer lists
 
5-10 yrs.
 
43,637

 
20,129

 
41,703

 
17,457

Patents
 
3-20 yrs.
 
2,273

 
2,055

 
2,273

 
1,902

Noncompete agreement
 
6 yrs.
 
1,826

 
1,065

 
1,855

 
851

Other
 
7-20 yrs.
 
551

 
510

 
353

 
341

Total intangibles-subject to amortization
 
 
 
52,462

 
26,894

 
50,358

 
23,501

Intangibles-not subject to amortization:
 
 
 
 

 
 

 
 

 
 

Trade names
 
 
 
83,619

 
 

 
83,610

 
 

Other assets:
 
 
 
 

 
 

 
 

 
 

Key money deposits
 
 
 
30,205

 
19,756

 
31,892

 
18,661

Other deposits
 
 
 
22,017

 
 

 
21,854

 
 

Deferred compensation plan assets
 
 
 
2,401

 
 

 
2,477

 
 

Deferred tax asset-net
 
 
 
7,546

 
 

 
8,583

 
 

Restricted cash
 
 
 
524

 
 

 
575

 
 

Shop-in-shop
 
 
 
12,097

 
9,492

 
16,333

 
9,660

Interest rate swap
 
 
 

 
 

 
1,724

 
 

Forward contracts
 
 
 
1,357

 
 

 
1,802

 
 

Other
 
 
 
6,085

 
 

 
6,978

 
 

Total other assets
 
 
 
82,232

 
29,248

 
92,218

 
28,321

Total intangible and other assets
 
 
 
$
218,313

 
$
56,142

 
$
226,186

 
$
51,822

Total intangible and other assets-net
 
 
 
 

 
$
162,171

 
 

 
$
174,364


 
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 $1.2 million and $1.3 million for the Third Quarter and Prior Year Quarter, respectively, and $3.7 million and $3.9 million for the Year To Date Period and Prior Year YTD Period, respectively. Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands):
Fiscal Year
 
Amortization
Expense
2015 (remaining)
 
$
1,209

2016
 
$
4,825

2017
 
$
4,567

2018
 
$
4,211

2019
 
$
4,116

2020
 
$
3,604