Panera Bread 2008 Annual Report Download - page 73

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8. Goodwill
The changes in the carrying amount of goodwill at December 30, 2008 and December 25, 2007 were as follows
(in thousands):
Company Bakery-
Cafe Operations
Franchise
Operations
Fresh Dough
Operations Total
Balance December 26, 2006 ............ $56,464 $ — $ 728 $57,192
Goodwill arising from acquisitions ....... 26,999 1,934 967 29,900
Balance December 25, 2007 ............ 83,463 1,934 1,695 87,092
Goodwill arising from acquisitions ....... 242 — — 242
Balance December 30, 2008 ............ $83,705 $1,934 $1,695 $87,334
Goodwill accumulated amortization was $7.9 million at December 30, 2008 and December 25, 2007.
9. Other Intangible Assets
Other intangible assets consisted of the following (in thousands):
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
December 30, 2008 December 25, 2007
Trademark ................ $ 5,610 $ (488) $ 5,122 $ 5,610 $ (267) $ 5,343
Re-acquired territory rights .... 14,629 (1,571) 13,058 14,629 (776) 13,853
Favorable leases ............ 2,776 (481) 2,295 2,798 (167) 2,631
Total other intangible assets.... $23,015 $(2,540) $20,475 $23,037 $(1,210) $21,827
Amortization expense on these intangible assets for the fiscal years ended December 30, 2008, December 25,
2007, and December 26, 2006, was approximately (in thousands): $1,303, $935, and $226, respectively. Future
amortization expense on these intangible assets as of December 30, 2008 is estimated to be approximately (in
thousands): $1,262 in 2009, $1,236 in 2010, $1,233 in 2011, $1,228 in 2012, $1,243 in 2013, and $14,273 thereafter.
66
PANERA BREAD COMPANY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)