Exclusive Brand Licenses, Trademarks And Intangibles, Net And Goodwill

3 Months Ended

Sep. 30, 2014

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, 2014
		September 30,			June 30,		Weighted Average
(Amounts in thousands)		2014			2014		Estimated Life
Elizabeth Arden brand trademarks	$	122,415		$	122,415		Indefinite
Exclusive brand licenses and related trademarks		162,835			162,771		14
Exclusive brand trademarks		102,451			102,064		16
Other intangibles (1)		18,580			18,580		18
Exclusive brand licenses, trademarks and intangibles, gross		406,281			405,830
Accumulated amortization:
Exclusive brand licenses and related trademarks		(75,376	)		(72,018	)
Exclusive brand trademarks		(53,054	)		(52,185	)
Other intangibles		(6,910	)		(6,623	)
Exclusive brand licenses, trademarks and intangibles, net	$	270,941		$	275,004

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

At September 30, 2014, 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 Company did not record any impairments during the three months ended September 30, 2014, as there were no events that triggered an impairment analysis.

Amortization expense was $4.5 million and $4.9 million for the three months ended September 30, 2014 and 2013, respectively. At September 30, 2014, 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 2015		2016			2017			2018			2019
Amortization expense	$	13.7	$		17.6	$		16.3	$		15.8	$		15.5