Intangible Assets

9 Months Ended

Jul. 03, 2011

Intangible Assets Disclosure [Abstract]

Intangible Assets

8. Intangible Assets

The following table summarizes the carrying amount of intangible assets as of the balance sheet dates (in thousands):

		July 3, 2011			October 3, 2010
Acquired favorable operating leases and scripts	$	18,272		$	18,170
Customer lists		5,115			5,455
Land use rights - foreign operations		4,605			4,511
Non-compete agreements		597			597
Trademarks, licenses and other		2,493			2,554
Total intangible assets		31,082			31,287
Accumulated amortization		(11,041	)		(9,853	)
Total intangible assets, net of accumulated amortization	$	20,041		$	21,434

Acquired favorable operating leases and scripts are recorded at Harris Teeter. All other intangible assets are recorded by A&E. The Company has no non-amortizing intangible assets. Amortization expense for intangible assets was $496,000 and $612,000 for the 13 weeks and $1,472,000 and $1,816,000 for the 39 weeks ended July 3, 2011 and June 27, 2010, respectively. Intangible assets have remaining useful lives from 1 year to 45 years. Projected amortization expense for intangible assets existing as of July 3, 2011 is: $541,000 for the remainder of fiscal 2011 and $1,935,000, $1,840,000, $1,732,000 and $1,423,000 for fiscal years 2012, 2013, 2014 and 2015, respectively.