GOODWILL AND INTANGIBLES, NET (Tables)

12 Months Ended

Jan. 02, 2016

GOODWILL AND INTANGIBLES, NET

Schedule of carrying value of all intangible assets

In thousands	Weighted Average Amortization Period	January 2, 2016			January 3, 2015
Amortized intangible assets:
Gross carrying amount:
Owned trademarks	—	$	467		$	467
Customer relationships	12 years		7,168			7,422
Merchandising rights	4 years		16,132			12,012
Reacquired rights	3 years		14,371			14,371
Other	4 years		2,322			2,322
Subtotal			40,460			36,594
Accumulated amortization:
Owned trademarks			(467	)		(467	)
Customer relationships			(5,297	)		(4,769	)
Merchandising rights			(6,629	)		(4,108	)
Reacquired rights			(14,371	)		(9,604	)
Other			(2,308	)		(2,219	)
Subtotal			(29,072	)		(21,167	)
Net:
Owned trademarks			—			—
Customer relationships			1,871			2,653
Merchandising rights			9,503			7,904
Reacquired rights			—			4,767
Other			14			103
Total amortized intangible assets, net			11,388			15,427
Unamortized intangible assets:
Owned trademarks			74,900			74,900
Total intangible assets		$	86,288		$	90,327
Goodwill(a)		$	48,730		$	64,798

(a) The decrease in the balance primarily reflected the reclassification of $16.0 million of goodwill related to the KATE SPADE businesses in Hong Kong, Macau and Taiwan to Investment in unconsolidated subsidiaries in the first quarter of 2015 upon closing of the joint venture with Walton Brown (see Note 1 — Basis of Presentation and Significant Accounting Policies and Note 2 — Acquisition).

Schedule of estimated amortization expense for intangible assets for the next five fiscal years

Fiscal Year	Amortization Expense (In millions)
2016	$	3.6
2017		3.5
2018		2.8
2019		1.3
2020		0.2

Schedule of changes in carrying amount of goodwill

In thousands	KATE SPADE International			Adelington Design Group			Total
Balance as of December 28, 2013	$	47,664		$	1,447		$	49,111
Acquisition of existing KATE SPADE businesses in Southeast Asia		21,836			—			21,836
Translation adjustment		(6,017	)		(132	)		(6,149	)
Balance as of January 3, 2015		63,483			1,315			64,798
Reclassification of goodwill to investment in unconsolidated subsidiaries(a)		(16,009	)		—			(16,009	)
Translation adjustment		138			(197	)		(59	)
Balance as of January 2, 2016	$	47,612		$	1,118		$	48,730

(a) Represents the reclassification of the goodwill related to the KATE SPADE businesses in Hong Kong, Macau and Taiwan to Investment in unconsolidated subsidiaries in the first quarter of 2015 upon closing of the joint venture with Walton Brown (see Note 1 — Basis of Presentation and Significant Accounting Policies and Note 2 — Acquisition).