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Goodwill and Intangible Assets
9 Months Ended
Jun. 25, 2011
Goodwill and Intangible Assets  
Goodwill and Intangible Assets
7. Goodwill and Intangible Assets

The following represents the change in the carrying amount of goodwill by segment for the thirty-nine weeks ended June 25, 2011 (in thousands):

 

     SCBU      KBU      CBU      Total  

Balance at September 25, 2010

   $ 314,042       $ 72,374       $ —         $ 386,416   

Acquisition of Van Houtte

     —           —           409,493         409,493   

Foreign currency effect

     —           —           10,704         10,704   
                                   

Balance at June 25, 2011

   $ 314,042       $ 72,374       $ 420,197       $ 806,613   
                                   

The Company has not recognized any impairment loss associated with goodwill.

 

Definite-lived intangible assets consist of the following (in thousands):

 

     June 25, 2011     September 25, 2010  
     Gross Carrying
Amount
     Accumulated
Amortization
    Gross Carrying
Amount
     Accumulated
Amortization
 

Intangible assets subject to amortization

          

Acquired technology

   $ 21,622       $ (13,007   $ 21,317       $ (11,464

Customer and roaster agreements

     27,318         (12,960     25,900         (10,688

Customer relationships

     429,298         (31,913     176,867         (8,915

Trade names

     37,969         (4,992     29,256         (2,338

Non-compete agreements

     374         (319     374         (304
                                  

Total

   $ 516,581       $ (63,191   $ 253,714       $ (33,709
                                  

Definite-lived intangible assets are amortized on a straight-line basis over the period of expected economic benefit. Total amortization expense was $11.8 million and $4.3 million for the thirteen weeks ended June 25, 2011 and June 26, 2010, respectively. Total amortization expense was $29.6 million and $9.5 million for the thirty-nine weeks ended June 25, 2011 and June 26, 2010, respectively.

Indefinite-lived intangible assets were $102.0 million at June 25, 2011 and consisted of trademarks.

The estimated useful lives of the intangible assets subject to amortization are 4 to 10 years for acquired technology, 8 to 11 years for customer and roaster agreements, 7 to 16 years for customer relationships, 9 to 11 years for trade names and 2 to 5 years for non-compete agreements.

The estimated aggregate amortization expense for the remainder of fiscal 2011, for each of the next five years and thereafter, is as follows (in thousands):

 

2011

   $ 11,667   

2012

   $ 46,493   

2013

   $ 46,283   

2014

   $ 45,675   

2015

   $ 44,122   

2016

   $ 43,411   

Thereafter

   $ 215,739