GOODWILL AND INTANGIBLES, NET (Tables)

3 Months Ended

Mar. 30, 2013

GOODWILL AND INTANGIBLES, NET

Schedule of carrying value of all intangible assets

In thousands	Weighted Average Amortization Period	March 30, 2013			December 29, 2012			March 31, 2012
Amortized intangible assets:
Gross carrying amount:
Owned trademarks	3 years	$	1,479		$	1,479		$	1,479
Customer relationships	12 years	7,370			7,457			9,501
Merchandising rights	4 years	15,407			19,174			16,759
Reacquired rights (a)	3 years	12,607			13,797			--
Other	4 years	2,322			2,322			2,322
Subtotal		39,185			44,229			30,061
Accumulated amortization:
Owned trademarks		(1,396		)	(1,356		)	(1,203		)
Customer relationships		(3,374		)	(3,138		)	(5,696		)
Merchandising rights		(9,845		)	(13,131		)	(11,857		)
Reacquired rights		(1,751		)	(812		)	--
Other		(1,979		)	(1,942		)	(1,829		)
Subtotal		(18,345		)	(20,379		)	(20,585		)
Net:
Owned trademarks		83			123			276
Customer relationships		3,996			4,319			3,805
Merchandising rights		5,562			6,043			4,902
Reacquired rights		10,856			12,985			--
Other		343			380			493
Total amortized intangible assets, net		20,840			23,850			9,476
Unamortized intangible assets:
Owned trademarks		107,500			107,500			107,500
Total intangible assets		$	128,340		$	131,350		$	116,976
Goodwill (a)		$	54,706		$	60,223		$	1,552

(a) The increase in the balance compared to March 31, 2012 reflected the KSJ Buyout (see Note 2 – Acquisition).

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

Fiscal Year	Amortization Expense
(In millions)
2013		$	7.1
2014		6.6
2015		5.1
2016		1.1
2017		0.5

Schedule of changes in carrying amount of goodwill

In thousands	KATE SPADE				Adelington Design Group				Total
Balance as of December 29, 2012		$	58,669			$	1,554			$	60,223
Translation adjustment		(5,486		)		(31		)		(5,517		)
Balance as of March 30, 2013		$	53,183			$	1,523			$	54,706

In thousands	Adelington Design Group			Total
Balance as of December 31, 2011		$	1,519		$	1,519
Translation adjustment		33			33
Balance as of March 31, 2012		$	1,552		$	1,552