Dollar General 2015 Annual Report Download - page 129

Download and view the complete annual report

Please find page 129 of the 2015 Dollar General annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 168

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168

10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
1. Basis of presentation and accounting policies (Continued)
statements and is anticipating a material impact because the Company is party to a significant number
of lease contracts.
Reclassifications
Certain financial disclosures relating to prior periods have been reclassified to conform to the
current year presentation where applicable.
2. Goodwill and other intangible assets
As of January 29, 2016 and January 30, 2015, the balances of the Company’s intangible assets were
as follows:
As of January 29, 2016
Remaining Accumulated
(In thousands) Life Amount Amortization Net
Goodwill .............................. Indefinite $4,338,589 $ — $4,338,589
Other intangible assets:
Leasehold interests ..................... 1 to 7 years $ 4,379 $3,085 $ 1,294
Trade names and trademarks .............. Indefinite 1,199,700 — 1,199,700
$1,204,079 $3,085 $1,200,994
As of January 30, 2015
Remaining Accumulated
(In thousands) Life Amount Amortization Net
Goodwill .............................. Indefinite $4,338,589 $ — $4,338,589
Other intangible assets:
Leasehold interests ..................... 1 to 8 years $ 18,218 $16,048 $ 2,170
Trade names and trademarks .............. Indefinite 1,199,700 — 1,199,700
$1,217,918 $16,048 $1,201,870
The Company recorded amortization expense related to amortizable intangible assets for 2015,
2014 and 2013 of $0.9 million, $5.8 million and $11.9 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: 2016—$0.3 million, 2017—$0.2 million, 2018—
$0.2 million and 2019—$0.2 million and 2020—$0.1 million.
55