GOODWILL AND INTANGIBLES, NET (Tables)

9 Months Ended

Sep. 28, 2013

GOODWILL AND INTANGIBLES, NET

Schedule of carrying value of all intangible assets

In thousands	Weighted Average Amortization Period	September 28, 2013			December 29, 2012			September 29, 2012
Amortized intangible assets:
Gross carrying amount:
Owned trademarks (a)	5 years	$	3,479		$	1,479		$	1,479
Customer relationships	12 years	7,335			7,457			6,439
Merchandising rights	4 years	17,188			19,174			17,578
Reacquired rights (b)	3 years	12,131			13,797			--
Other	4 years	2,322			2,322			2,322
Subtotal		42,455			44,229			27,818
Accumulated amortization:
Owned trademarks		(1,475		)	(1,356		)	(1,316		)
Customer relationships		(3,843		)	(3,138		)	(2,927		)
Merchandising rights		(10,974		)	(13,131		)	(12,548		)
Reacquired rights		(3,707		)	(812		)	--
Other		(2,054		)	(1,942		)	(1,904		)
Subtotal		(22,053		)	(20,379		)	(18,695		)
Net:
Owned trademarks		2,004			123			163
Customer relationships		3,492			4,319			3,512
Merchandising rights		6,214			6,043			5,030
Reacquired rights		8,424			12,985			--
Other		268			380			418
Total amortized intangible assets, net		20,402			23,850			9,123
Unamortized intangible assets:
Owned trademarks (c)		102,200			107,500			107,500
Total intangible assets		$	122,602		$	131,350		$	116,623
Goodwill (b)		$	52,679		$	60,223		$	1,574

(a)	The increase in the balance compared to September 29, 2012 reflected the reclassification of the fair value of the TRIFARI trademark, which was classified as an unamortized intangible asset prior to September 28, 2013.
(b)	The increase in the balance compared to September 29, 2012 reflected the KSJ Buyout (see Note 2 – Acquisition).
(c)	The decrease in the balance compared to September 29, 2012 reflected a non-cash impairment charge of $3.3 million in the Company’s Adelington Design Group segment related to the TRIFARI trademark and the reclassification of the remaining carrying value of such trademark to an amortized intangible asset as of September 28, 2013.

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

Fiscal Year	Amortization Expense
(In millions)
2013	$         6.2
2014	6.4
2015	5.2
2016	1.9
2017	1.1

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		(7,493		)		(51		)		(7,544		)
Balance as of September 28, 2013		$	51,176			$	1,503			$	52,679

In thousands	Adelington Design Group			Total
Balance as of December 31, 2011		$	1,519		$	1,519
Translation adjustment		55			55
Balance as of September 29, 2012		$	1,574		$	1,574