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Goodwill and Other Intangible Assets
12 Months Ended
Feb. 03, 2013
Goodwill and Other Intangible Assets

Note 6: Goodwill and Other Intangible Assets

Changes in the carrying amount of goodwill for the year ended February 3, 2013 and January 29, 2012 are as follows:

 

     Gross Amount  

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   

Foreign exchange differences

     (8
  

 

 

 

Goodwill Balance at February 3, 2013 (Successor)

   $ 272,278   
  

 

 

 

The following table presents our goodwill and intangible assets at February 3, 2013 and January 29, 2012:

 

     Weighted-
Average
Useful Lives
     February 3, 2013     January 29, 2012  
        Gross Carrying
Amount
     Accumulated
Amortization
    Gross Carrying
Amount
     Accumulated
Amortization
 

Not subject to amortization:

             

Goodwill

      $ 272,278       $ —        $ 272,286       $ —     

Tradenames

        79,000         —          79,000         —     
     

 

 

    

 

 

   

 

 

    

 

 

 

Total not subject to amortization

        351,278         —          351,286         —     
     

 

 

    

 

 

   

 

 

    

 

 

 

Subject to amortization:

             

Trademarks

     7 years         8,500         (3,255     8,500         (2,027

Customer relationships

     9 years         1,700         (506     1,700         (316

Non-compete agreements

     2 years         500         (500     500         (418
     

 

 

    

 

 

   

 

 

    

 

 

 

Total subject to amortization

        10,700         (4,261     10,700         (2,761
     

 

 

    

 

 

   

 

 

    

 

 

 

Total goodwill and intangibles

      $ 361,978       $ (4,261   $ 361,986       $ (2,761
     

 

 

    

 

 

   

 

 

    

 

 

 

 

 

The weighted-average amortization period for intangibles subject to amortization is 7.1 years. Amortization expense was $1,500, $1,654, $1,107 and $528 for the fiscal year 2012 (Successor), fiscal year ended January 29, 2012 (Successor), the 244 days ended January 30, 2011 (Successor), and the 120 days ended May 31, 2010 (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  

2013

   $ 1,399   

2014

     1,399   

2015

     1,399   

2016

     1,399   

2017

     588   

Thereafter

     255   
  

 

 

 

Total future amortization expense

   $ 6,439