XML 98 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Jan. 31, 2015
Changes in Carrying Amount of Goodwill by Reporting Unit

The changes in the carrying amount of goodwill during Fiscal 2014 and Fiscal 2013 by reporting unit are as follows (in thousands):

 

  North America   Europe   Total  

Balance as of January 31, 2015:

Goodwill

$ 1,415,651    $ 431,405    $ 1,847,056   

Accumulated impairment losses

  (303,157 )    (117,000 )    (420,157 ) 
  

 

 

   

 

 

   

 

 

 
$ 1,112,494    $ 314,405    $ 1,426,899   
  

 

 

   

 

 

   

 

 

 
  North America   Europe   Total  

Balance as of February 1, 2014:

Goodwill

$ 1,415,651    $ 431,405    $ 1,847,056   

Accumulated impairment losses

  (180,000 )    (117,000 )    (297,000 ) 
  

 

 

   

 

 

   

 

 

 
$ 1,235,651    $ 314,405    $ 1,550,056   
  

 

 

   

 

 

   

 

 

 

 

 

Carrying Amount and Accumulated Amortization of Identifiable Intangible Assets

The carrying amount and accumulated amortization of identifiable intangible assets as of January 31, 2015 and February 1, 2014 were (in thousands):

 

          January 31, 2015     February 1, 2014  
     Estimated    Gross            Gross         
     Life    Carrying      Accumulated     Carrying      Accumulated  
     in Years    Amount      Amortization     Amount      Amortization  

Intangible assets subject to amortization:

             

Lease rights (1)

   Lease
terms
ranging
from 6
to 18
   $ 72,532       $ (13,965 )    $ 86,145       $ (13,142 ) 

Franchise agreements

   4 to 9      40,738         (26,083 )      40,738         (23,005 ) 

Favorable lease obligations

   10      30,827         (29,666 )      30,827         (28,509 ) 

Other

   5      965         (660 )      872         (538 ) 
     

 

 

    

 

 

   

 

 

    

 

 

 

Total intangible assets subject to amortization

  145,062      (70,374 )    158,582      (65,194 ) 

Indefinite-lived intangible assets:

Indefinite-lived tradenames

$ 435,074    $ —      $ 447,107    $ —     

Indefinite-lived territory rights

  600      —        600      —     
     

 

 

    

 

 

   

 

 

    

 

 

 

Total indefinite-lived intangible assets

  435,674      —        447,707      —     

Total intangible assets

$ 580,736    $ (70,374 )  $ 606,289    $ (65,194 ) 
     

 

 

    

 

 

   

 

 

    

 

 

 

 

(1) Amounts include lease rights not currently subject to amortization of $40,938 and $52,350 as of January 31, 2015 and February 1, 2014, respectively.
Acquired Intangible Assets

 

      Weighted Average Amortization  
      Period for Amortizable  

Intangible Asset Acquisitions (in 000’s)

Amortizable   Intangible Asset Acquisitions  

Lease rights:

Fiscal 2014

$ 81      10.0   

Fiscal 2013

  1,389      10.0   

Fiscal 2012

  2,276      9.3   

Other:

Fiscal 2014

  94      5.0   

Fiscal 2013

  154      5.0   

Fiscal 2012

  173      5.0   

Amortization of Identifiable Intangible Assets

The remaining net amortization as of January 31, 2015 of identifiable intangible assets with finite lives by year is as follows (in thousands):

 

Fiscal Year

Amortization  

2015

$ 5,867   

2016

  5,194   

2017

  4,761   

2018

  4,577   

2019

  4,499   

2020 and thereafter

  8,852   
  

 

 

 

Total

$ 33,750