Goodwill and Other Intangibles

9 Months Ended

Dec. 29, 2012

Goodwill and Other Intangibles

Goodwill and Other Intangibles

3. Goodwill and Other Intangibles

As a result of the Merger, the Company recognized goodwill, and other intangible assets and liabilities.  The following table sets forth the value of the goodwill and other intangible assets and liabilities as of December 29, 2012 and March 31, 2012 (in thousands):

	As of December 29, 2012								As of March 31, 2012
	Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Indefinite lived intangible assets:
Goodwill		$	471,750	$	—		$	471,750		$	471,513	$	—		$	471,513
Trade name		410,000		—			410,000			410,000		—			410,000
Total indefinite lived intangible assets		$	881,750	$	—		$	881,750		$	881,513	$	—		$	881,513
Finite lived intangible assets:
Trademarks	20	$	2,000	$	(96	)	$	1,904	20	$	2,000	$	(21	)	$	1,979
Bargain Wholesale customer relationships	12	20,000		(1,603		)	18,397		12	20,000		(353		)	19,647
Favorable leases	2 to 17	46,723		(4,146		)	42,577		2 to 17	46,723		(915		)	45,808
Total finite lived intangible assets		68,723		(5,845		)	62,878			68,723		(1,289		)	67,434
Total goodwill and other intangible assets		$	950,473	$	(5,845	)	$	944,628		$	950,236	$	(1,289	)	$	948,947

	As of December 29, 2012								As of March 31, 2012
	Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Unfavorable leases	2 to 18	$	19,835	$	(3,970	)	$	15,865	2 to 18	$	19,835	$	(876	)	$	18,959

The change to goodwill from March 31, 2012 to December 29, 2012 was due to the adjustment of the purchase price fair values assigned.