Exclusive Brand Licenses, Trademarks And Intangibles, Net And Goodwill

9 Months Ended

Mar. 31, 2013

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
		March 31,			June 30,		Weighted Average
(Amounts in thousands)		2013			2012		Estimated Life
Elizabeth Arden brand trademarks	$	122,415		$	122,415		Indefinite
Exclusive brand licenses and related trademarks		179,408			178,555		13
Exclusive brand trademarks		100,804			100,313		17
Other intangibles (1)		16,000			16,000		20
Exclusive brand licenses, trademarks and intangibles, gross		418,627			417,283
Accumulated amortization:
Exclusive brand licenses and related trademarks		(64,832	)		(53,486	)
Exclusive brand trademarks		(47,455	)		(44,687	)
Other intangibles		(5,279	)		(4,608	)
Exclusive brand licenses, trademarks and intangibles, net	$	301,061		$	314,502

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

     At March 31, 2013, 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 March 31, 2013 did not change from the prior fiscal year end balance as the Company did not record any additions or impairments during the nine months ended March 31, 2013.

     Amortization expense was $4.8 million and $2.5 million for the three months ended March 31, 2013 and 2012, respectively, and $14.8 million and $7.4 million for the nine months ended March 31, 2013 and 2012, respectively. At March 31, 2013, the Company estimated annual amortization expense for the Company's intangible assets for each of the next five fiscal years to be 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	$	4.7	$	19.1	$	18.5	$	17.8	$	16.4