GameStop 2009 Annual Report Download - page 89

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The changes in the carrying amount of deferred financing fees and other intangible assets for the 52 weeks
ended January 31, 2009 and January 30, 2010 were as follows:
Deferred
Financing Fees
Other
Intangible Assets
(In thousands)
Balance at February 2, 2008 .............................. $8,963 $ 14,214
Addition for revolving credit facility amendment ............. 1,025 —
Addition for term loan facility fee ........................ 2,525 —
Write-off of deferred financing fees remaining on repurchased
senior notes (see Note 9) . . . .......................... (337) —
Addition of non-compete agreement ...................... — 2,987
Addition of tradename from Micromania acquisition .......... — 133,231
Addition of leasehold rights from Micromania acquisition ...... — 105,292
Amortization for the 52 weeks ended January 31, 2009 ........ (3,256) (7,934)
Balance at January 31, 2009 .............................. 8,920 247,790
Addition for revolving credit facility amendment ............. 134 —
Write-off of deferred financing fees remaining on repurchased
senior notes (see Note 9) . . . .......................... (808) —
Addition of leasehold rights . . .......................... — 7,339
Adjustment for foreign currency translation ................. — 19,901
Amortization for the 52 weeks ended January 30, 2010 ........ (2,566) (15,170)
Balance at January 30, 2010 .............................. $5,680 $259,860
The gross carrying value and accumulated amortization of deferred financing fees as of January 30, 2010 were
$18,798 and $13,118, respectively.
The estimated aggregate amortization expenses for deferred financing fees and other intangible assets for the
next five fiscal years are approximately:
Year Ended
Amortization
of Deferred
Financing Fees
Amortization of
Other
Intangible Assets
(In thousands)
January 2011 ......................................... $2,420 $13,411
January 2012 ......................................... 2,420 11,625
January 2013 ......................................... 840 10,927
January 2014 ......................................... — 10,539
January 2015 ......................................... — 10,456
$5,680 $56,958
9. Debt
In October 2005, the Company entered into a five-year, $400,000 Credit Agreement (the “Revolver”),
including a $50,000 letter of credit sub-limit, secured by the assets of the Company and its U.S. subsidiaries. The
Revolver places certain restrictions on the Company and its subsidiaries, including limitations on asset sales,
additional liens and the incurrence of additional indebtedness. In April 2007, the Company amended the Revolver to
extend the maturity date from October 11, 2010 to April 25, 2012, reduce the LIBO interest rate margin, reduce and
fix the rate of the unused commitment fee and modify or delete certain other covenants. The extension of the
Revolver to 2012 reduces our exposure to the current tightening in the credit markets.
F-21
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)