Goodwill And Intangible Assets, Net

12 Months Ended

Jan. 30, 2012

Goodwill And Intangible Assets, Net [Abstract]

NOTE 7 — GOODWILL AND INTANGIBLE ASSETS, NET

The following table sets forth changes in our goodwill during fiscal 2012:


	Carl's Jr.		Hardee's		Total
Successor:
Balance at January 31, 2011⁽¹⁾	$	199,166	$	8,651	$	207,817
Additions		—		1,068		1,068

Balance at January 31, 2012	$	199,166	$	9,719	$	208,885

(1)	There were no accumulated goodwill impairment losses for the Carl's Jr. or Hardee's reporting units as of January 31, 2011.

The table below presents our intangible assets as of January 31, 2012 and 2011:


	Successor
	2012								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		88,299		(14,472	)		73,827		90,181		(5,313	)		84,868
Franchise agreements	20		88,085		(6,773	)		81,312		88,000		(2,369	)		85,631

		$	454,384	$	(21,245	)	$	433,139	$	456,181	$	(7,682	)	$	448,499

Amortization expense related to these intangible assets for fiscal 2012, the Successor twenty-nine weeks ended January 31, 2011, the Predecessor twenty-four weeks ended July 12, 2010 and fiscal 2010 was $14,335, $7,724, $116 and $216, respectively. Our estimated future amortization expense related to these intangible assets is set forth as follows:


Fiscal:
2013	$	13,569
2014		12,649
2015		11,559
2016		10,977
2017		10,523
Thereafter		95,862

	$	155,139

- 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.

+ References+ Details