Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2013

The following tables present a summary of our intangible assets other than goodwill (dollars in thousands, life in years):

		June 30, 2013
	Weighted-	Gross
	Average Useful	Carrying		Accumulated			Intangible
	Life	Amount		Amortization			Assets, Net
Unamortized trademarks	—	$	206,201	$	—		$	206,201
Amortized
Customer relationships	13.0	224,497		(157,182		)	67,315
Favorable lease terms	7.5	57,721		(53,505		)	4,216
Covenants not to compete and other	4.2	881		(697		)	184
		$	489,300	$	(211,384	)	$	277,916

		December 31, 2012
	Weighted-	Gross
	Average Useful	Carrying		Accumulated			Intangible
	Life	Amount		Amortization			Assets, Net
Unamortized trademarks	—	$	208,501	$	—		$	208,501
Amortized
Customer relationships	13.0	224,302		(148,042		)	76,260
Favorable lease terms	7.5	57,721		(51,323		)	6,398
Covenants not to compete and other	4.3	785		(675		)	110
		$	491,309	$	(200,040	)	$	291,269

Amortization expense is classified in our condensed consolidated statements of comprehensive loss as follows (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Cost of goods sold, buying and occupancy	$	999	$	1,514	$	2,182	$	3,141
Selling, general and administrative expenses	4,597		5,777		9,179		11,555

The future estimated amortization expense related to intangible assets as of June 30, 2013 was as follows (in thousands):

GUITAR CENTER HOLDINGS, INC. 10-Q