Intangible Assets And Goodwill (Tables)

6 Months Ended

Jul. 30, 2011

Intangible Assets And Goodwill

Summary Of The Company's Intangible Assets

	July 30,			July 31,			January 29,
(dollars in millions)	2011			2010			2011
Intangible assets subject to amortization:
Favorable lease rights:
Gross carrying amount	$	23.3		$	30.4		$	24.8
Less: accumulated amortization		(19.4	)		(23.8	)		(19.8	)
Carrying amount, end of period		3.9			6.6			5.0
Customer relationships:
Gross carrying amount		74.2			74.2			74.2
Less: accumulated amortization		(49.5	)		(39.9	)		(45.2	)
Carrying amount, end of period		24.7			34.3			29.0
Trademarks and other intangible assets:
Gross carrying amount		39.0			38.6			38.5
Less: accumulated amortization		(11.3	)		(8.0	)		(9.6	)
Carrying amount, end of period		27.7			30.6			28.9
Carrying amount of intangible assets subject to amortization		56.3			71.5			62.9
Indefinite-lived trademarks		334.4			365.5			365.5
Total intangible assets	$	390.7		$	437.0		$	428.4

Amortization Expense On Intangible Assets

	13 Weeks Ended				26 Weeks Ended
	July 30,		July 31,		July 30,		July 31,
(dollars in millions)	2011		2010		2011		2010
Amortization expense on intangible assets	$	3.1	$	4.1	$	6.5	$	8.4

Company Expects Amortization Expense

Year	Amount
Remainder of 2011	$	6.8
2012		11.3
2013		9.7
2014		8.3
2015		5.9

Summary Of Carrying Amount Of Goodwill, By Reporting Segment

		July 30,		July 31,		January 29,
Reporting Segment	Reporting Unit	2011		2010		2011
PLG Wholesale	PLG Wholesale	$	239.6	$	239.6	$	239.6
Payless Domestic1	Payless Domestic		—		5.9		5.9
Payless Domestic1	Collective Licensing		30.2		34.3		34.3
Total		$	269.8	$	279.8	$	279.8

¹ The Payless Domestic reporting segment includes a goodwill impairment charge of $10.0 million taken in the second quarter of 2011. Cumulative impairment charges for all reporting segments total $52.0 million, $42.0 million of which relate to the PLG Retail reporting segment and $10.0 million of which relate to the Payless Domestic reporting segment.