Intangible Assets and Goodwill (Tables)

6 Months Ended

Jul. 28, 2012

The following is a summary of the Company’s intangible assets other than goodwill:


(dollars in millions)	July 28, 2012			July 30, 2011			January 28, 2012
Intangible assets subject to amortization:

Favorable lease rights:
Gross carrying amount	$	20.6		$	23.3		$	20.5
Less: accumulated amortization		(18.2	)		(19.4	)		(17.6	)

Carrying amount, end of period		2.4			3.9			2.9

Customer relationships:
Gross carrying amount		74.2			74.2			74.2
Less: accumulated amortization		(57.2	)		(49.5	)		(53.7	)

Carrying amount, end of period		17.0			24.7			20.5

Trademarks and other intangible assets:
Gross carrying amount		40.1			39.0			39.9
Less: accumulated amortization		(14.7	)		(11.3	)		(13.0	)

Carrying amount, end of period		25.4			27.7			26.9

Carrying amount of intangible assets subject to amortization		44.7			56.3			50.3

Indefinite-lived trademarks		334.4			334.4			334.4

Total intangible assets	$	379.2		$	390.7		$	384.7

Amortization Expense on Intangible Assets

Amortization expense on intangible assets is as follows:


	13 Weeks Ended				26 Weeks Ended
(dollars in millions)	July 28, 2012		July 30, 2011		July 28, 2012		July 30, 2011
Amortization expense on intangible assets	$	2.7	$	3.1	$	5.4	$	6.5

Expected Amortization Expense

The Company expects amortization expense for the remainder of 2012 and the following four years to be as follows (dollars in millions):


Year	Amount
Remainder of 2012	$	5.7
2013		9.8
2014		8.5
2015		6.1
2016		2.0

Summary of Carrying Amount Of Goodwill, By Reporting Segment And Reporting Unit

The following presents the carrying amount of goodwill, by reporting segment and reporting unit (dollars in millions):


Reporting Segment	Reporting Unit	July 28, 2012		July 30, 2011		January 28, 2012
PLG Wholesale	PLG Wholesale	$	239.6	$	239.6	$	239.6
Payless Domestic	Collective Licensing		30.2		30.2		30.2

Total ⁽¹⁾		$	269.8	$	269.8	$	269.8

⁽¹⁾	Cumulative goodwill impairment charges total $52.0 million, of which $42.0 million relates to the PLG Retail reporting segment and $10.0 million relates to the Payless Domestic reporting segment.

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References+ Details

COLLECTIVE BRANDS, INC. 10-Q