Goodwill, Trademarks and Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

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). Further discussion of goodwill impairments is included in Note 1. Activity related to goodwill is as follows:



(In thousands)	Gross Goodwill		Accumulated Impairment			Net Carrying Value
Balance at December 31, 2010	$	551,879	$	(375,295	)	$	176,584
Additions from business acquisitions	—		—			—
Impairment charges	—		—			—
Balance at December 31, 2011	$	551,879	$	(375,295	)	$	176,584
Additions from business acquisitions	395		—			395
Impairment charges	—		(158,884		)	(158,884		)
Balance at December 31, 2012	$	552,274	$	(534,179	)	$	18,095

TRADEMARKS

The company's trademarks for Chiquita and Fresh Express are not amortizable (indefinite-lived). Further information on trademark impairments is included in Note 1. Activity related to trademarks is as follows:



	Chiquita Trademarks				Fresh Express Trademarks
(In thousands)	Gross Trademarks		Accumulated Impairment		Gross Trademarks		Accumulated Impairment			Net Trademarks
Balance at December 31, 2010	$	387,585	$	—	$	61,500	$	—		$	449,085
Impairment charges	—		—		—		—			—
Balance at December 31, 2011	$	387,585	$	—	$	61,500	$	—		$	449,085
Impairment charges	—		—		—		(23,000		)	(23,000		)
Balance at December 31, 2012	$	387,585	$	—	$	61,500	$	(23,000	)	$	426,085

OTHER INTANGIBLE ASSETS

The company's other intangible assets are also primarily related to Fresh Express and are amortizable (definite-lived). Other intangible assets consist of the following:



	December 31,
(In thousands)	2012			2011
Amortized intangible assets:
Customer relationships	$	110,000		$	110,000
Patented technology	55,123			55,123
	165,123			165,123
Accumulated amortization:
Customer relationships	(44,539		)	(38,383		)
Patented technology	(24,305		)	(21,043		)
	(68,844		)	(59,426		)
Other intangible assets, net	$	96,279		$	105,697

Amortization expense of other intangible assets totaled $9 million, $9 million and $10 million in 2012, 2011 and 2010, respectively. 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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