INTANGIBLE ASSETS

12 Months Ended

Feb. 02, 2013

INTANGIBLE ASSETS

INTANGIBLE ASSETS

4. INTANGIBLE ASSETS

        Intangible assets consist of the following:

	February 2, 2013			January 28, 2012
Intangible assets subject to amortization
Gross amount
Lease-related interests	$	94,583		$	96,814
Customer lists and relationships		22,926			22,926
Total gross amount		117,509			119,740
Accumulated amortization
Lease-related interests		(42,842	)		(39,111	)
Customer lists and relationships		(14,754	)		(12,864	)
Total accumulated amortization		(57,596	)		(51,975	)
Net intangible assets subject to amortization	$	59,913		$	67,765
Intangible assets not subject to amortization
Trade names		40,300			40,300
Private label brand names		10,350			11,100
Total intangible assets not subject to amortization		50,650			51,400
Net intangible assets	$	110,563		$	119,165

        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 February 2, 2013, these lease-related interests have weighted-average remaining lives of 12 years for amortization purposes.

        At February 2, 2013, customer lists and relationships are being amortized on a declining-balance method over the remaining lives of six years. The amortization from the customer lists and relationships is included within depreciation and amortization expense.

        During 2012, 2011 and 2010, amortization of $1,890, $2,042 and $2,215, respectively, was recorded on customer lists and relationships. Amortization of $4,696, $4,747 and $4,555 was recorded for favorable and unfavorable lease-related interests during 2012, 2011 and 2010, respectively. The Company anticipates amortization associated with customer lists and relationships of approximately $1,759 in 2013, $1,629 in 2014, $1,500 in 2015, $1,370 in 2016 and $1,262 in 2017. The Company anticipates amortization associated with favorable and unfavorable lease-related interests of approximately $4,543 in 2013, $4,925 in 2014, $4,534 in 2015, $4,319 in 2016 and $4,230 in 2017.

        As a result of its review in 2012 of the carrying value of intangible assets, the Company recorded asset impairment charges of $750 related to the reduction in the value of three indefinite-lived private label brand names. In 2011, the Company recorded impairment charges of $2,400 related to the reduction in the value of three indefinite-lived trade names and $156 related to the reduction in the value of one indefinite-lived private label brand name, primarily due to the decline in the Company's business performance. No adjustments were required pursuant to the Company's review of the carrying amount of intangible assets in 2010. The expense is included in impairment charges.