Other Intangible Assets

3 Months Ended

Dec. 29, 2012

Other Intangible Assets [Abstract]

Other Intangible Assets

5. Other Intangible Assets

The following table summarizes the components of gross and net acquired intangible assets:

	Gross		Accumulated Amortization			Impairment			Net Carrying Value
			(in millions)
December 29, 2012
Marketing-related intangible assets – amortizable	$	12.3	$	(7.7	)	$	0		$	4.6
Marketing-related intangible assets – nonamortizable		59.6		0			(16.9	)		42.7
Total		71.9		(7.7	)		(16.9	)		47.3
Customer-related intangible assets – amortizable		42.7		(16.0	)		0			26.7
Other acquired intangible assets – amortizable		10.8		(7.0	)		0			3.8
Other acquired intangible assets – nonamortizable		1.2		0			(1.2	)		0
Total		12.0		(7.0	)		(1.2	)		3.8
Total other intangible assets	$	126.6	$	(30.7	)	$	(18.1	)	$	77.8
	Gross		Accumulated Amortization			Impairment			Net Carrying Value
			(in millions)
December 24, 2011
Marketing-related intangible assets – amortizable	$	12.3	$	(6.5	)	$	0		$	5.8
Marketing-related intangible assets – nonamortizable		59.6		0			(16.9	)		42.7
Total		71.9		(6.5	)		(16.9	)		48.5
Customer-related intangible assets – amortizable		42.7		(13.6	)		0			29.1
Other acquired intangible assets – amortizable		10.8		(4.9	)		0			5.9
Other acquired intangible assets – nonamortizable		1.2		0			(1.2	)		0
Total		12.0		(4.9	)		(1.2	)		5.9
Total other intangible assets	$	126.6	$	(25.0	)	$	(18.1	)	$	83.5
	Gross		Accumulated Amortization			Impairment			Net Carrying Value
			(in millions)
September 29, 2012
Marketing-related intangible assets – amortizable	$	12.3	$	(7.5	)	$	0		$	4.8
Marketing-related intangible assets – nonamortizable		59.6		0			(16.9	)		42.7
Total		71.9		(7.5	)		(16.9	)		47.5
Customer-related intangible assets – amortizable		42.7		(15.4	)		0			27.3
Other acquired intangible assets – amortizable		10.8		(6.7	)		0			4.1
Other acquired intangible assets – nonamortizable		1.2		0			(1.2	)		0
Total		12.0		(6.7	)		(1.2	)		4.1
Total other intangible assets	$	126.6	$	(29.6	)	$	(18.1	)	$	78.9

Other intangible assets acquired include contract-based and technology-based intangible assets.

The Company evaluates long-lived assets, including amortizable and indefinite-lived intangible assets, for impairment whenever events or changes in circumstances indicate the carrying value may not be recoverable. The Company evaluates indefinite-lived intangible assets on an annual basis. In fiscal 2012, the Company tested its indefinite-lived intangible assets and no impairment was indicated. Other factors indicating the carrying value of the Company’s amortizable intangible assets may not be recoverable were not present in fiscal 2012 or during the three months ended December 29, 2012, and accordingly, no impairment testing was performed on these assets.

The Company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 1 to 25 years; over weighted average remaining lives of seven years for marketing-related intangibles, 17 years for customer-related intangibles and five years for other acquired intangibles. Amortization expense for intangibles subject to amortization was approximately $1.1 million for the three months ended December 29, 2012 and $1.0 million for the three months ended December 24, 2011, and is classified within operating expenses in the condensed consolidated statements of operations. Estimated annual amortization expense related to acquired intangible assets in each of the succeeding five years is estimated to be approximately $5 million per year from fiscal 2013 through fiscal 2017.