Exclusive Brand Licenses, Trademarks And Intangibles, Net And Goodwill

3 Months Ended

Sep. 30, 2012

Exclusive Brand Licenses, Trademarks And Intangibles, Net And Goodwill [Abstract]

Exclusive Brand Licenses, Trademarks And Intangibles, Net And Goodwill

NOTE 6. EXCLUSIVE BRAND LICENSES, TRADEMARKS AND INTANGIBLES, NET AND GOODWILL

     The following summarizes the cost basis amortization and weighted average estimated life associated with the Company's intangible assets:

							June 30, 2012
		September 30,			June 30,		Weighted Average
(Amounts in thousands)		2012			2012		Estimated Life
Elizabeth Arden brand trademarks	$	122,415		$	122,415		Indefinite
Exclusive brand licenses and related trademarks		178,589			178,555		13
Exclusive brand trademarks		100,411			100,313		17
Other intangibles (1)		16,000			16,000		20
Exclusive brand licenses, trademarks and intangibles, gross		417,415			417,283
Accumulated amortization:
Exclusive brand licenses and related trademarks		(57,159	)		(53,486	)
Exclusive brand trademarks		(45,613	)		(44,687	)
Other intangibles		(4,837	)		(4,608	)
Exclusive brand licenses, trademarks and intangibles, net	$	309,806		$	314,502

(1) Primarily consists of customer relationships, customer lists and non-compete agreements.

     At September 30, 2012, the Company had goodwill of $21.1 million recorded on its consolidated balance sheet. The entire amount of the goodwill in all periods presented relates to the North America segment. The amount of goodwill recorded on the consolidated balance sheet at September 30, 2012 did not change from the prior year end balance as the Company did not record any additions or impairments during the three months ended September 30, 2012.

     Amortization expense was $4.8 million and $2.3 million for the three months ended September 30, 2012 and 2011, respectively. At September 30, 2012, the Company estimated annual amortization expense for each of the next five fiscal years as shown in the following table. Future acquisitions, renewals or impairment events could cause these amounts to change.

		Remainder
(Amounts in millions)		of 2013		2014		2015		2016		2017
Amortization expense	$	14.2	$	18.3	$	17.8	$	17.2	$	15.9