Exclusive Brand Licenses, Trademarks And Intangibles, Net And Goodwill

6 Months Ended

Dec. 31, 2013

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

Exclusive Brand Licenses, Trademarks And Intangibles, Net And Goodwill

NOTE 7. 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, 2013
		December 31,			June 30,		Weighted Average
(Amounts in thousands)		2013			2013		Estimated Life
Elizabeth Arden brand trademarks	$	122,415		$	122,415		Indefinite
Exclusive brand licenses and related trademarks		179,558			179,506		13
Exclusive brand trademarks		101,604			100,902		17
Other intangibles (1)		18,580			16,000		20
Exclusive brand licenses, trademarks and intangibles, gross		422,157			418,823
Accumulated amortization:
Exclusive brand licenses and related trademarks		(75,876	)		(68,508	)
Exclusive brand trademarks		(50,420	)		(48,398	)
Other intangibles		(6,052	)		(5,501	)
Exclusive brand licenses, trademarks and intangibles, net	$	289,809		$	296,416

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

     At December 31, 2013, the Company had goodwill of $31.6 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 December 31, 2013, increased by $10.5 million from the June 30, 2013 balance as a result of the investment in USC. See Note 5. The Company did not record any impairments during the six months ended December 31, 2013, as there were no events that triggered an impairment analysis.

     Amortization expense was $4.9 million and $5.1 million for the three months ended December 31, 2013 and 2012, respectively, and $9.8 million and $10.0 million for the six months ended December 31, 2013 and 2012, respectively. At December 31, 2013, 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 2014		2015		2016		2017		2018
Amortization expense	$	9.5	$	18.7	$	18.0	$	16.6	$	16.5