Goodwill and Intangible Assets

9 Months Ended

Oct. 05, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets:

Goodwill

The Company has goodwill recorded in both the Advance Auto Parts ("AAP") and Autopart International ("AI") segments. The following table reflects the carrying amount of goodwill pertaining to the Company's two segments and the changes in goodwill carrying amounts.



	AAP Segment		AI Segment		Total
Balance at December 29, 2012	$	58,095	$	18,294	$	76,389
Fiscal 2013 activity	123,446		—		123,446
Balance at October 5, 2013	$	181,541	$	18,294	$	199,835

Balance at December 31, 2011	$	58,095	$	18,294	$	76,389
Fiscal 2012 activity	—		—		—
Balance at October 6, 2012	$	58,095	$	18,294	$	76,389

As discussed in Note 3, on December 31, 2012, the Company acquired BWP in an all-cash transaction which resulted in the addition of $123,446 of goodwill in the AAP Segment.

Intangible Assets Other Than Goodwill

In addition to goodwill, the Company also recorded an increase to intangible assets of $31,245 during the forty weeks ended October 5, 2013. The increase included Customer Relationships of $26,045 which will be amortized over 12 years and other intangible assets totaling $5,200 which will be amortized over a weighted average of 3.4 years. The gross and net carrying amounts of acquired intangible assets as of October 5, 2013, December 29, 2012 and October 6, 2012 are comprised of the following:



	Acquired intangible assets
	Subject to Amortization									Not Subject to Amortization		Total Intangible Assets (excluding goodwill)
	Customer Relationships			Acquired Technology			Other			Trademark and Tradenames		Total Intangible Assets (excluding goodwill)
Gross:
Gross carrying amount at December 29, 2012	$	9,800		$	8,850		$	885		$	20,550	$	40,085
Additions	26,045			—			5,200			—		31,245
Gross carrying amount at October 5, 2013	$	35,845		$	8,850		$	6,085		$	20,550	$	71,330

Gross carrying amount at December 31, 2011	$	9,800		$	7,750		$	885		$	20,550	$	38,985
Additions	—			—			—			—		—
Gross carrying amount at October 6, 2012	$	9,800		$	7,750		$	885		$	20,550	$	38,985

Net:
Net book value at December 29, 2012	$	2,658		$	5,419		$	218		$	20,550	$	28,845
Additions	26,045			—			5,200			—		31,245
2013 amortization	(2,429		)	(2,269		)	(1,429		)	—		(6,127		)
Net carrying amount at October 5, 2013	$	26,274		$	3,150		$	3,989		$	20,550	$	53,963

Net book value at December 31, 2011	$	3,618		$	6,987		$	225		$	20,550	$	31,380
Additions	—			—			—			—		—
2012 amortization	(738		)	(1,987		)	(6		)	—		(2,731		)
Net carrying amount at October 6, 2012	$	2,880		$	5,000		$	219		$	20,550	$	28,649

Future Amortization Expense

The table below shows expected amortization expense for the next five years for acquired intangible assets recorded as of October 5, 2013:



Fiscal Year	Amount
Remainder of 2013	$	1,831
2014	7,175
2015	3,702
2016	2,677
2017	2,677
Thereafter	15,351

- 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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