GOODWILL AND INTANGIBLES, NET (Tables)

6 Months Ended

Jun. 29, 2013

GOODWILL AND INTANGIBLES, NET

Schedule of carrying value of all intangible assets

In thousands	Weighted Average Amortization Period	June 29, 2013			December 29, 2012			June 30, 2012
Amortized intangible assets:
Gross carrying amount:
Owned trademarks	3 years	$	1,479		$	1,479		$	1,479
Customer relationships	12 years	7,326			7,457			6,439
Merchandising rights	4 years	16,476			19,174			16,916
Reacquired rights (a)	3 years	12,012			13,797			--
Other	4 years	2,322			2,322			2,322
Subtotal		39,615			44,229			27,156
Accumulated amortization:
Owned trademarks		(1,435		)	(1,356		)	(1,276		)
Customer relationships		(3,602		)	(3,138		)	(2,801		)
Merchandising rights		(10,393		)	(13,131		)	(12,151		)
Reacquired rights		(2,669		)	(812		)	--
Other		(2,017		)	(1,942		)	(1,867		)
Subtotal		(20,116		)	(20,379		)	(18,095		)
Net:
Owned trademarks		44			123			203
Customer relationships		3,724			4,319			3,638
Merchandising rights		6,083			6,043			4,765
Reacquired rights		9,343			12,985			--
Other		305			380			455
Total amortized intangible assets, net		19,499			23,850			9,061
Unamortized intangible assets:
Owned trademarks		107,500			107,500			107,500
Total intangible assets		$	126,999		$	131,350		$	116,561
Goodwill (a)		$	52,147		$	60,223		$	1,523

(b) The increase in the balance compared to June 30, 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	$	6.5
2014	6.2
2015	4.9
2016	1.2
2017	0.6

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		(7,994		)		(82		)		(8,076		)
Balance as of June 29, 2013		$	50,675			$	1,472			$	52,147

In thousands	Adelington Design Group			Total
Balance as of December 31, 2011		$	1,519		$	1,519
Translation adjustment		4			4
Balance as of June 30, 2012		$	1,523		$	1,523