Dollar General 2013 Annual Report Download - page 141
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DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
1. Basis of presentation and accounting policies (Continued)
hedges, and the required disclosures are reflected in Note 7 below. The adoption of this guidance did
not have a material effect on the Company’s consolidated financial statements.
Reclassifications
Certain reclassifications of the 2012 and 2011 amounts have been made to conform to the 2013
presentation.
2. Goodwill and other intangible assets
As of January 31, 2014 and February 1, 2013, the balances of the Company’s intangible assets were
as follows:
As of January 31, 2014
Remaining Accumulated
(In thousands) Life Amount Amortization Net
Goodwill .............................. Indefinite $4,338,589 $ — $4,338,589
Other intangible assets:
Leasehold interests ..................... 1 to 9 years $ 64,644 $56,699 $ 7,945
Trade names and trademarks .............. Indefinite 1,199,700 — 1,199,700
$1,264,344 $56,699 $1,207,645
As of February 1, 2013
Remaining Accumulated
(In thousands) Life Amount Amortization Net
Goodwill ............................. Indefinite $4,338,589 $ — $4,338,589
Other intangible assets:
Leasehold interests .................... 1 to 10 years $ 106,917 $87,074 $ 19,843
Trade names and trademarks ............. Indefinite 1,199,700 — 1,199,700
$1,306,617 $87,074 $1,219,543
The Company recorded amortization expense related to amortizable intangible assets for 2013,
2012 and 2011 of $11.9 million, $16.9 million and $21.0 million, respectively, all of which is included in
rent expense. Expected future cash flows associated with the Company’s intangible assets are not
expected to be materially affected by the Company’s intent or ability to renew or extend the
arrangements. The Company’s goodwill balance is not expected to be deductible for tax purposes.
For intangible assets subject to amortization, the estimated aggregate amortization expense for
each of the five succeeding fiscal years is as follows: 2014—$5.8 million, 2015—$0.9 million, 2016—
$0.3 million, 2017—$0.2 million and 2018—$0.2 million.
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10-K