WeightWatchers 2015 Annual Report Download - page 94

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
The carrying values of finite-lived intangible assets as of January 2, 2016 and January 3, 2015 were as
follows:
January 2, 2016 January 3, 2015
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Capitalized software costs ............................ $119,658 86,134 $107,581 $ 72,590
Website development costs ........................... 100,105 68,673 95,717 63,405
Trademarks ........................................ 10,960 10,435 10,836 10,213
Other ............................................. 7,976 7,118 7,014 6,825
Trademarks and other intangible assets .............. $238,699 $172,360 $221,148 $153,033
Franchise rights acquired ............................. 4,182 4,059 4,735 3,690
Total finite-lived intangible assets .................. $242,881 $176,419 $225,883 $156,723
Aggregate amortization expense for finite-lived intangible assets was recorded in the amounts of $34,719,
$29,372, and $27,567, for the fiscal years ended January 2, 2016, January 3, 2015 and December 28, 2013,
respectively. The franchise rights acquired related to the VPM acquisition are being amortized ratably over a 2
year period.
Estimated amortization expense of existing finite-lived intangible assets for the next five fiscal years and
thereafter is as follows:
2016 ............................................................. $32,094
2017 ............................................................. $24,726
2018 ............................................................. $ 8,451
2019 ............................................................. $ 1,125
2020 and thereafter .................................................. $ 66
6. Property and Equipment
The components of property and equipment were:
January 2,
2016
January 3,
2015
Equipment .................................................... $122,789 $ 124,788
Leasehold improvements ........................................ 79,115 79,496
201,904 204,284
Less: Accumulated depreciation and amortization ..................... (143,718) (129,634)
$ 58,186 $ 74,650
Depreciation and amortization expense of property and equipment for the fiscal years ended January 2,
2016, January 3, 2015 and December 28, 2013 was $18,452, $20,635, and $20,342, respectively.
F-19