American Home Shield 2008 Annual Report Download - page 93
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Table of Contents
Notes to the Consolidated Financial Statements (Continued)
Note 5. Goodwill and Intangible Assets (Continued)
The table below summarizes the other intangible asset balances for continuing operations:
December 31, 2008 December 31, 2007
(in thousands) Gross
Accumulated
Amortization Net Gross
Accumulated
Amortization Net
Trade names(1) $2,408,100 $ — $2,408,100 $2,468,200 $ — $2,468,200
Customer relationships 660,677 (209,485) 451,192 644,220 (64,436) 579,784
Franchise agreements 88,000 (16,270) 71,730 88,000 (5,123) 82,877
Other 49,395 (12,433) 36,962 117,495 (63,103) 54,392
Total $3,206,172 $ (238,188)$2,967,984 $3,317,915 $ (132,662)$3,185,253
Not subject to amortization.
Amortization expense of $174 million, $133 million, $5 million and $7 million was recorded in the year ended December 31, 2008, the Successor period
from July 25, 2007 to December 31, 2007, the Predecessor period from January 1, 2007 to July 24, 2007 and the year ended December 31, 2006, respectively.
For the existing intangible assets, the Company anticipates amortization expense of $161 million, $133 million, $83 million, $54 million and $41 million in
2009, 2010, 2011, 2012 and 2013 respectively.
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