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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets  
Schedule of goodwill by segment

 

 

 

 

Guitar

 

Direct

 

 

 

 

 

Center

 

Response

 

Total

 

Balance at September 30, 2012 and December 31, 2011

 

 

 

 

 

 

 

Goodwill

 

$

706,182

 

$

108,929

 

$

815,111

 

Accumulated impairment losses

 

(123,804

)

(108,929

)

(232,733

)

 

 

$

582,378

 

$

 

$

582,378

 

 

Schedule of intangible assets

 

 

 

 

 

 

September 30, 2012

 

 

 

Weighted-

 

Gross

 

 

 

 

 

 

 

Average Useful

 

Carrying

 

Accumulated

 

Intangible

 

 

 

Life

 

Amount

 

Amortization

 

Assets, Net

 

Unamortized trademarks

 

 

$

208,501

 

$

 

$

208,501

 

Amortized

 

 

 

 

 

 

 

 

 

Customer relationships

 

13.0

 

224,302

 

(142,294

)

82,008

 

Favorable lease terms

 

7.5

 

57,721

 

(49,999

)

7,722

 

Other

 

4.5

 

675

 

(661

)

14

 

 

 

 

 

$

491,199

 

$

(192,954

)

$

298,245

 

 

 

 

 

 

December 31, 2011

 

 

 

Weighted-

 

Gross

 

 

 

 

 

 

 

Average Useful

 

Carrying

 

Accumulated

 

Intangible

 

 

 

Life

 

Amount

 

Amortization

 

Assets, Net

 

Unamortized trademarks

 

 

$

208,501

 

$

 

$

208,501

 

Amortized

 

 

 

 

 

 

 

 

 

Customer relationships

 

13.0

 

224,302

 

(125,049

)

99,253

 

Favorable lease terms

 

7.5

 

57,721

 

(45,436

)

12,285

 

Covenants not to compete

 

4.2

 

210

 

(209

)

1

 

Other

 

4.5

 

665

 

(565

)

100

 

 

 

 

 

$

491,399

 

$

(171,259

)

$

320,140

 

 

Schedule of amortization expense classified in the condensed consolidated statements of comprehensive loss

 

 

 

 

Three months ended
September 30,

 

Nine months ended
September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Cost of goods sold, buying and occupancy

 

$

1,423

 

$

1,800

 

$

4,563

 

$

5,780

 

Selling, general and administrative expenses

 

5,776

 

8,843

 

17,331

 

26,553

 

Schedule of future estimated amortization expense related to intangible assets

 

 

Year

 

 

 

 

 

 

 

Remainder of 2012

 

$

7,083

 

2013

 

22,191

 

2014

 

16,350

 

2015

 

12,408

 

2016

 

9,640

 

Thereafter

 

22,072

 

Total

 

$

89,744