ACQUISITION (Tables)

12 Months Ended

Jan. 02, 2016

ACQUISITION

Summary of the estimated fair values of the assets acquired

In thousands
Assets acquired:
Current assets	$	3,549
Property and equipment, net		1,267
Goodwill and intangibles, net(a)		26,592
Other assets		860
Total assets acquired	$	32,268

(a) In the first quarter of 2015, $16.0 million of the goodwill related to the KATE SPADE businesses in Hong Kong, Macau and Taiwan was reclassified to Investment in unconsolidated subsidiaries upon closing of the KS HMT joint venture with Walton Brown (see Note 1 — Basis of Presentation and Significant Accounting Policies).

Schedule of the acquired intangible assets

In thousands	Useful Life	Estimated Fair Value
Reacquired distribution rights	1.7 years	$	4,500
Retail customer list	3 years		256