GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

3 Months Ended

Mar. 31, 2013

GOODWILL AND INTANGIBLE ASSETS, NET

Summary of goodwill activity

					Manufacturing/
	Retail		Franchising		Wholesale		Total
	(in thousands)
Balance at December 31, 2012	$	319,771	$	117,303	$	202,841	$	639,915
Acquired franchise stores	1,109		-		-		1,109
Balance at March 31, 2013 (unaudited)	$	320,880	$	117,303	$	202,841	$	641,024

Summary of intangible asset activity

	Retail		Franchise		Operating		Other
	Brand		Brand		Agreements		Intangibles		Total
	(in thousands)
Balance at December 31, 2012	$	500,000	$	220,000	$	132,317	$	9,400	$	861,717
Acquired franchise stores	-		-		-		186		186
Amortization expense	-		-		(1,663)		(457)		(2,120)
Balance at March 31, 2013 (unaudited)	$	500,000	$	220,000	$	130,654	$	9,129	$	859,783

Schedule of the gross carrying amount and accumulated amortization for each major intangible asset

	Weighted -	March 31, 2013						December 31, 2012
	Average			Accumulated		Carrying				Accumulated		Carrying
	Life	Cost		Amortization		Amount		Cost		Amortization		Amount
				(unaudited)
		(in thousands)
Brands - retail	-	$	500,000	$	-	$	500,000	$	500,000	$	-	$	500,000
Brands - franchise	-	220,000		-		220,000		220,000		-		220,000
Retail agreements	30.2	31,000		(6,512)		24,488		31,000		(6,249)		24,751
Franchise agreements	25.0	70,000		(16,917)		53,083		70,000		(16,217)		53,783
Manufacturing agreements	25.0	70,000		(16,917)		53,083		70,000		(16,217)		53,783
Other intangibles	11.4	10,600		(2,454)		8,146		10,600		(2,151)		8,449
Franchise rights	3.7	5,320		(4,337)		983		5,134		(4,183)		951
Total	24.5	$	906,920	$	(47,137)	$	859,783	$	906,734	$	(45,017)	$	861,717

Schedule of future estimated amortization expense of other intangible assets, net, with definite lives

	Estimated
	amortization
Years ending December 31,	expense
	(unaudited)
	(in thousands)
2013	$	6,330
2014	8,177
2015	8,034
2016	7,948
2017	7,898
Thereafter	101,396
Total	$	139,783