GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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	-		-		-			202			202
Amortization expense	-		-		(3,326		)	(845		)	(4,171		)
Balance at June 30, 2013 (unaudited)	$	500,000	$	220,000	$	128,991		$	8,757		$	857,748

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

	Weighted -	June 30, 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		(6,775		)	24,225		31,000		(6,249		)	24,751
Franchise agreements	25.0	70,000		(17,617		)	52,383		70,000		(16,217		)	53,783
Manufacturing agreements	25.0	70,000		(17,617		)	52,383		70,000		(16,217		)	53,783
Other intangibles	11.4	10,600		(2,757		)	7,843		10,600		(2,151		)	8,449
Franchise rights	3.7	5,335		(4,421		)	914		5,134		(4,183		)	951
Total	24.5	$	906,935	$	(49,187	)	$	857,748	$	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	$	4,336
2014	8,155
2015	8,003
2016	7,934
2017.	7,885
Thereafter	101,435
Total	$	137,748