Advance Auto Parts 2012 Annual Report Download - page 63

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F-18
Intangible Assets Other Than Goodwill
As noted previously, in Fiscal 2011, the Company recorded increases to intangible assets of $7,750 in connection with its
acquisition of two small technology companies. In Fiscal 2012, the Company purchased the rights to certain software assets for
$1,100 which will further support the Company's e-commerce offerings.
The gross and net carrying amounts of acquired intangible assets as of December 29, 2012, December 31, 2011 and
January 1, 2011 are comprised of the following:
Acquired intangible assets
Subject to Amortization
Not Subject to
Amortization
Customer
Relationships
Acquired
Technology Other
Trademark
and
Tradenames
Intangible
Assets
(excluding
goodwill)
Gross:
Gross carrying amount at January 1, 2011 $ 9,800 $ — $ 885 $ 20,550 $ 31,235
Additions — 7,750 — — 7,750
Gross carrying amount at December 31, 2011 $ 9,800 $ 7,750 $ 885 $ 20,550 $ 38,985
Additions — 1,100 — — 1,100
Gross carrying amount at December 29, 2012 $ 9,800 $ 8,850 $ 885 $ 20,550 $ 40,085
Net:
Net book value at January 1, 2011 $ 4,578 $ — $ 232 $ 20,550 $ 25,360
Additions — 7,750 — — 7,750
2011 amortization (960) (763) (7) — (1,730)
Net carrying amount at December 31, 2011 $ 3,618 $ 6,987 $ 225 $ 20,550 $ 31,380
Additions — 1,100 — — 1,100
2012 amortization (960) (2,668) (7) — (3,635)
Net book value at December 29, 2012 $ 2,658 $ 5,419 $ 218 $ 20,550 $ 28,845
Future Amortization Expense
The table below shows expected amortization expense for the next five years for acquired intangible assets recorded as of
December 29, 2012:
Fiscal Year Amount
2013 $ 3,917
2014 3,155
2015 1,027
2016 7
2017 7
Thereafter 182
ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 29, 2012, December 31, 2011 and January 1, 2011
(in thousands, except per share data)