Goodwill, Trademarks And Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Trademarks And Intangible Assets

Goodwill, Trademarks and Intangible Assets

GOODWILL

The company's goodwill is primarily related to its salad operations, Fresh Express, and is included in the Salads and Healthy Snacks reportable segment (see Note 18). Goodwill as of December 31, 2011, 2010, and 2009 is as follows:



(In thousands)
Gross Goodwill	$	551,879
Accumulated Impairment Losses	$	(375,295	)
Net Carrying Value of Goodwill	$	176,584

TRADEMARKS AND OTHER INTANGIBLE ASSETS

The company's trademarks for Chiquita and Fresh Express are not amortizable (indefinite-lived). Other intangible assets, such as customer relationships and patented technology related to Fresh Express, are amortizable (definite-lived). Trademarks and other intangible assets, net, consist of the following:



	December 31,
(In thousands)	2011			2010
Unamortized intangible assets:
Chiquita trademarks	$	387,585		$	387,585
Fresh Express trademarks	61,500			61,500
	$	449,085		$	449,085
Amortized intangible assets:
Customer relationships	$	110,000		$	110,000
Patented technology	55,123			59,500
	165,123			169,500
Accumulated amortization:
Customer relationships	(38,383		)	(32,222		)
Patented technology	(21,043		)	(22,295		)
	(59,426		)	(54,517		)
Other intangible assets, net	$	105,697		$	114,983

Amortization expense of other intangible assets totaled $9 million in 2011 and $10 million in 2010 and 2009. The estimated amortization expense associated with other intangible assets is approximately $9 million in each of the next five years. See Note 1 for discussion of impairment reviews.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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