Exclusive Brand Licenses, Trademarks And Intangibles, Net And Goodwill

6 Months Ended

Dec. 31, 2015

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, 2015
		December 31,			June 30,		Weighted Average
(Amounts in thousands)		2015			2015		Estimated Life
Elizabeth Arden brand trademarks	$	122,415		$	122,415		Indefinite
Exclusive brand licenses and related trademarks		107,764			107,748		16
Exclusive brand trademarks and patents		106,818			106,458		16
Other intangibles (1)		18,588			18,588		18
Exclusive brand licenses, trademarks and intangibles, gross		355,585			355,209
Accumulated amortization:
Exclusive brand licenses and related trademarks		(69,990	)		(66,658	)
Exclusive brand trademarks and patents		(57,790	)		(55,894	)
Other intangibles		(8,284	)		(7,762	)
Exclusive brand licenses, trademarks and intangibles, net	$	219,521		$	224,895

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

    At December 31, 2015, 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 and six months ended December 31, 2015, as there were no events that triggered an impairment analysis. During the second quarter of fiscal 2015, the Company recorded a total impairment charge of approximately $39.6 million to write off the carrying values of both the Justin Bieber and Nicki Minaj licenses.

     Amortization expense was $2.9 million and $4.6 million for the three months ended December 31, 2015 and 2014, respectively, and $5.8 million and $9.1 million for the six months ended December 31, 2015 and 2014, respectively. At December 31, 2015, 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.

(Amounts in millions)		2016			2017			2018			2019			2020
Amortization expense	$		5.5	$		10.0	$		9.9	$		9.8	$		9.7