INTANGIBLE ASSETS

12 Months Ended

Jan. 28, 2012

INTANGIBLE ASSETS

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS

        Intangible assets consist of the following:

	January 28, 2012			January 29, 2011
Intangible assets subject to amortization
Gross amount
Lease-related interests	$	96,814		$	99,442
Customer lists and relationships		22,926			22,926
Total gross amount		119,740			122,368
Accumulated amortization
Lease-related interests		(39,111	)		(35,423	)
Customer lists and relationships		(12,864	)		(10,822	)
Total accumulated amortization		(51,975	)		(46,245	)
Net intangible assets subject to amortization	$	67,765		$	76,123
Intangible assets not subject to amortization
Trade names		40,300			42,700
Private label brand names		11,100			11,257
Total intangible assets not subject to amortization		51,400			53,957
Net intangible assets	$	119,165		$	130,080

        Lease-related interests reflect below-market-rate leases purchased in store acquisitions completed in 1992 through 2006 that were adjusted to reflect fair market value. The lease-related interests, including the unfavorable lease-related interests included in other long-term liabilities, are being amortized on a straight-line method and reported as "amortization of lease-related interests" in the consolidated statements of operations. At January 28, 2012, these lease-related interests have weighted-average remaining lives of 12 years for amortization purposes.

        At January 28, 2012, customer lists and relationships are being amortized on a declining-balance method over the remaining lives of seven years. The amortization from the customer lists and relationships is included within depreciation and amortization expense.

        During 2011, 2010 and 2009, amortization of $2,042, $2,215 and $2,402, respectively, was recorded on customer lists and relationships. Amortization of $4,747, $4,555 and $4,866 was recorded for favorable and unfavorable lease-related interests during 2011, 2010 and 2009, respectively. The Company anticipates amortization associated with customer lists and relationships of approximately $1,890 in 2012, $1,759 in 2013, $1,629 in 2014, $1,500 in 2015 and $1,370 in 2016. The Company anticipates amortization associated with favorable and unfavorable lease-related interests of approximately $4,698 in 2012, $4,553 in 2013, $4,935 in 2014, $4,543 in 2015 and $4,328 in 2016.

        Trade names and private label brand names not subject to amortization were reduced by $2,400 and $156, respectively, in 2011 as a result of impairment charges. Private label brand names not subject to amortization were reduced by $166 in 2009 as a result of an impairment charge. The expense is included in impairment charges.