Intangible Assets

3 Months Ended

Jun. 02, 2012

Intangible Assets

Intangible Assets

5. Intangible Assets

        The Company's intangible assets are finite-lived and amortized over their useful lives. Following is a summary of the Company's amortizable intangible assets as of June 2, 2012 and March 3, 2012.

	June 2, 2012						March 3, 2012
	Gross Carrying Amount		Accumulated Amortization			Remaining Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization			Remaining Weighted Average Amortization Period
Favorable leases and other	$	614,572	$	(384,157	)	10 years	$	614,862	$	(374,685	)	10 years
Prescription files		1,244,618		(972,349	)	5 years		1,239,444		(950,846	)	5 years
Total	$	1,859,190	$	(1,356,506	)		$	1,854,306	$	(1,325,531	)

        Also included in other non-current liabilities, as of June 2, 2012 and March 3, 2012, are unfavorable lease intangibles with a net carrying amount of $79,485 and $82,030 respectively. These intangible liabilities are amortized over their remaining lease terms.

        Amortization expense for these intangible assets and liabilities was $34,076 and $41,113 for the thirteen week periods ended June 2, 2012 and May 28, 2011, respectively. The anticipated annual amortization expense for these intangible assets and liabilities is 2013—$117,413; 2014—$92,463; 2015—$75,435; 2016—$64,179 and 2017—$51,232.