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Intangible and Other Assets
12 Months Ended
Jan. 03, 2015
Intangible and Other Assets  
Intangible and Other Assets

 

7. Intangible and Other Assets

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

                                                                                                                                                                                    

 

 

 

 

2014

 

2013

 

At Fiscal Year End

 

Useful
Lives

 

Gross
Amount

 

Accumulated
Amortization

 

Gross
Amount

 

Accumulated
Amortization

 

Intangibles-subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

10 yrs.

 

$

4,174 

 

$

2,950 

 

$

4,175 

 

$

2,695 

 

Customer lists

 

 

5 - 10 yrs.

 

 

41,703 

 

 

17,457 

 

 

43,367 

 

 

14,065 

 

Patents

 

 

3 - 20 yrs.

 

 

2,273 

 

 

1,902 

 

 

2,273 

 

 

1,360 

 

Noncompete agreement

 

 

6 yrs.

 

 

1,855 

 

 

851 

 

 

1,913 

 

 

558 

 

Other

 

 

7 - 20 yrs.

 

 

353 

 

 

341 

 

 

263 

 

 

207 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total intangibles-subject to amortization

 

 

 

 

 

50,358 

 

 

23,501 

 

 

51,991 

 

 

18,885 

 

​  

​  

​  

​  

​  

​  

​  

​  

Intangibles-not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

 

 

 

83,610 

 

 

 

 

 

83,659 

 

 

 

 

​  

​  

​  

​  

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key money deposits

 

 

 

 

 

31,892 

 

 

18,661 

 

 

35,535 

 

 

17,038 

 

Other deposits

 

 

 

 

 

21,854 

 

 

 

 

 

22,574 

 

 

 

 

Deferred compensation plan assets

 

 

 

 

 

2,477 

 

 

 

 

 

2,360 

 

 

 

 

Deferred tax asset-net

 

 

 

 

 

8,583 

 

 

 

 

 

10,044 

 

 

 

 

Restricted cash

 

 

 

 

 

575 

 

 

 

 

 

752 

 

 

 

 

Shop-in-shop

 

 

 

 

 

16,333 

 

 

9,660 

 

 

16,334 

 

 

7,767 

 

Interest rate swap

 

 

 

 

 

1,724 

 

 

 

 

 

4,307 

 

 

 

 

Forward contracts

 

 

 

 

 

1,802 

 

 

 

 

 

219 

 

 

 

 

Other

 

 

 

 

 

6,978 

 

 

 

 

 

4,247 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total other assets

 

 

 

 

 

92,218 

 

 

28,321 

 

 

96,372 

 

 

24,805 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total intangible and other assets

 

 

 

 

$

226,186 

 

$

51,822 

 

$

232,022 

 

$

43,690 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total intangible and other assets-net

 

 

 

 

 

 

 

$

174,364 

 

 

 

 

$

188,332 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

        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 $5.1 million, $5.2 million and $3.5 million for fiscal years 2014, 2013 and 2012, respectively. Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands):

                                                                                                                                                                                    

Fiscal Year

 

Amortization
Expense

 

2015

 

$

4,633 

 

2016

 

$

4,494 

 

2017

 

$

4,236 

 

2018

 

$

3,877 

 

2019

 

$

3,780