Advance Auto Parts 2011 Annual Report Download - page 72

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
January 1, 2011, January 2, 2010 and January 3, 2009
(in thousands, except per share data)
.
F-18
Intangible Assets Other Than Goodwill
The carrying amount and accumulated amortization of acquired intangible assets as of January 1, 2011 and
January 2, 2010 are comprised of the following:
Not Subject
to Amortization
Customer Trademark and Intangible
Relationships Other Tradenames Assets, net
Gross:
Gross carrying amount at January 3, 2009 9,800$ 885$ 20,550$ 31,235$
Additions - - - -
Gross carrying amount at January 2, 2010 9,800 885 20,550 31,235
Additions - - - -
Gross carr
y
in
g
amount at Januar
y
1, 2011 9,800$ 885$ 20,550$ 31,235$
Net:
Net carrying amount at January 3, 2009 6,566$ 451$ 20,550$ 27,567$
Additions - - - -
2009 amortization (1,023) (125) - (1,148)
Net carrying amount at January 2, 2010 5,543 326 20,550 26,419
Additions - - - -
2010 amortization (965) (94) - (1,059)
Net carr
y
in
g
amount at Januar
y
1, 2011 4,578$ 232$ 20,550$ 25,360$
Acquired intangible assets
Subject to Amortization
Amortization expense for Fiscal 2010, 2009 and 2008 was $1,059, $1,148, and $1,227, respectively.
Future Amortization Expense
The table below shows expected amortization expense for the next five years for acquired intangible assets
recorded as of January 1, 2011:
Fiscal Year Amount
2011 967$
2012 967
2013 967
2014 967
2015 751