Acquisition Of Certain Borders' Intellectual Property Assets

9 Months Ended

Jan. 28, 2012

Acquisition Of Certain Borders' Intellectual Property Assets [Abstract]

Acquisition Of Certain Borders' Intellectual Property Assets

(16) Acquisition of Certain Borders' Intellectual Property Assets

On October 17, 2011, the Company finalized the purchase of certain intellectual property assets from the Borders Group, Inc. Chapter 11 Bankruptcy for $14,528 including acquisition related fees. These intellectual property assets include a customer list, trade names and URLs. The Company accounted for the transaction as an asset purchase, and these assets are included on its consolidated balance sheet as Intangible Assets. The intangible assets are being amortized on an accelerated basis over a three year period, commencing October 17, 2011. Amortization expense related to the acquisition for the 13 weeks and 39 weeks ended January 28, 2012 was $1,816 and $2,119, respectively.