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Goodwill And Intangible Assets, Net
6 Months Ended
Aug. 15, 2011
Goodwill And Intangible Assets, Net  
Goodwill And Intangible Assets, Net

NOTE 6 — GOODWILL AND INTANGIBLE ASSETS, NET

The following table sets forth changes in our goodwill:

 

     Carl's Jr.      Hardee's      Total  

Successor:

        

Balance at January 31, 2011

   $ 199,166       $ 8,651       $ 207,817   

Additions

     —           1,068         1,068   
  

 

 

    

 

 

    

 

 

 

Balance at August 15, 2011

   $ 199,166       $ 9,719       $ 208,885   
  

 

 

    

 

 

    

 

 

 

The following table presents our indefinite and definite-lived intangible assets for each of the respective reporting periods:

 

     Successor  
     August 15, 2011      January 31, 2011  
     Weighted
Average
Life
(Years)
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Trademarks/Tradenames

     Indefinite       $ 278,000       $ —        $ 278,000       $ 278,000       $ —        $ 278,000   

Favorable lease agreements

     13         89,823         (10,540     79,283         90,181         (5,313     84,868   

Franchise agreements

     20         88,085         (4,740     83,345         88,000         (2,369     85,631   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
      $ 455,908       $ (15,280   $ 440,628       $ 456,181       $ (7,682   $ 448,499   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Amortization expense related to intangible assets for the Successor twelve and twenty-eight weeks ended August 15, 2011, Successor four weeks ended August 9, 2010 and Predecessor eight and twenty-four weeks ended July 12, 2010 was $3,348, $7,873, $1,104, $40 and $116, respectively. Our estimated future amortization expense related to these intangible assets is set forth as follows:

 

August 16, 2011 through January 31, 2012

   $ 6,523   

Fiscal 2013

     13,832   

Fiscal 2014

     12,899   

Fiscal 2015

     11,743   

Fiscal 2016

     11,117   

Fiscal 2017

     10,629   

Thereafter

     95,885   
  

 

 

 
   $ 162,628