GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 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	1,111		-		-		1,111
Balance at September 30, 2013 (unaudited)	$	320,882	$	117,303	$	202,841	$	641,026

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	-		-		-			249			249
Amortization expense	-		-		(4,989		)	(1,270		)	(6,259		)
Balance at September 30, 2013 (unaudited)	$	500,000	$	220,000	$	127,328		$	8,379		$	855,707

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

	Weighted -	September 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		(7,038		)	23,962		31,000		(6,249		)	24,751
Franchise agreements	25.0	70,000		(18,317		)	51,683		70,000		(16,217		)	53,783
Manufacturing agreements	25.0	70,000		(18,317		)	51,683		70,000		(16,217		)	53,783
Other intangibles	11.4	10,600		(3,061		)	7,539		10,600		(2,151		)	8,449
Franchise rights	3.7	5,383		(4,543		)	840		5,134		(4,183		)	951
Total	24.5	$	906,983	$	(51,276	)	$	855,707	$	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	$	2,078
2014	8,018
2015	7,880
2016	7,770
2017	7,718
Thereafter	102,243
Total	$	135,707