Goodwill And Other Intangible Assets

12 Months Ended

Jan. 29, 2012

Goodwill And Other Intangible Assets [Abstract]

Note 6: Goodwill and Other Intangible Assets

Changes in the carrying amount of goodwill for the year ended January 29, 2012 and January 30, 2011 are as follows:


	Gross Amount

Goodwill Balance at January 31, 2010 (Predecessor)	$	65,857
Elimination of Predecessor goodwill		(65,857	)
Goodwill recognized due to the Acquisition		272,626

Goodwill Balance at January 30, 2011 (Successor)		272,626
Adjustment from subsequent finalization of income tax basis		(267	)
Foreign exchange differences		(73	)

Goodwill Balance at January 29, 2012 (Successor)	$	272,286

The following table presents our goodwill and intangible assets at January 29, 2012 and January 30, 2011:


		January 29, 2012					January 30, 2011
	Weighted- Average Useful Lives	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Not subject to amortization:
Goodwill		$	272,286	$	—		$	272,626	$	—
Tradenames			79,000		—			79,000		—

Total not subject to amortization			351,286		—			351,626		—


Subject to amortization:
Trademarks	7 years		8,500		(2,027	)		8,500		(812	)
Customer relationships	9 years		1,700		(316	)		1,700		(127	)
Non-compete agreements	2 years		500		(418	)		500		(168	)

Total subject to amortization			10,700		(2,761	)		10,700		(1,107	)

Total goodwill and intangibles		$	361,986	$	(2,761	)	$	362,326	$	(1,107	)

The weighted-average amortization period for intangibles subject to amortization is 7.1 years. Amortization expense was $1,654, $1,107, $528 and $1,600 for the fiscal year ended January 29, 2012 (Successor), the 244 days ended January 30, 2011 (Successor), the 120 days ended May 31, 2010 (Predecessor) and fiscal year 2009 (Predecessor), respectively. Estimated amortization expense relating to intangible assets subject to amortization for each of the five succeeding years and beyond is as follows:


	Amortization Expense

2012	$	1,485
2013		1,403
2014		1,403
2015		1,403
2016		1,403
Thereafter		843

Total future amortization expense	$	7,940

- 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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