Baskin Robbins 2012 Annual Report Download - page 77

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-67-
(7) Goodwill and other intangible assets
The changes and carrying amounts of goodwill by reporting unit were as follows (in thousands):
Dunkin’ Donuts U.S. Dunkin’ Donuts International Baskin-Robbins International Total
Goodwill
Accumulated
impairment
charges
Net
Balance Goodwill
Accumulated
impairment
charges
Net
Balance Goodwill
Accumulated
impairment
charges
Net
Balance Goodwill
Accumulated
impairment
charges
Net
Balance
Balances at
December 25,
2010 $1,148,796 (270,441) 878,355 10,300 — 10,300 24,037 (24,037) — 1,183,133 (294,478) 888,655
Goodwill
acquired 2,344 — 2,344 — — — — — — 2,344 — 2,344
Effects of
foreign
currency
adjustments — — — (7) — (7) — — — (7) — (7)
Balances at
December 31,
2011 1,151,140 (270,441) 880,699 10,293 — 10,293 24,037 (24,037) — 1,185,470 (294,478) 890,992
Goodwill
acquired 895 — 895 — — — — — — 895 — 895
Effects of
foreign
currency
adjustments — — — 13 — 13 — — — 13 — 13
Balances at
December 29,
2012 $1,152,035 (270,441) 881,594 10,306 — 10,306 24,037 (24,037) — 1,186,378 (294,478) 891,900
The goodwill acquired during fiscal years 2012 and 2011 is related to the acquisition of certain company-owned points of
distribution.
Other intangible assets at December 29, 2012 consisted of the following (in thousands):
Weighted
average
amortization
period
(years)
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Definite-lived intangibles:
Franchise rights 20 $ 384,065 (139,677) 244,388
Favorable operating leases acquired 15 77,653 (35,207) 42,446
License rights 10 6,230 (4,250) 1,980
Indefinite-lived intangible:
Trade names N/A 1,190,970 — 1,190,970
$ 1,658,918 (179,134) 1,479,784
Other intangible assets at December 31, 2011 consisted of the following (in thousands):
Weighted
average
amortization
period
(years)
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Definite-lived intangibles:
Franchise rights 20 $ 383,786 (119,091) 264,695
Favorable operating leases acquired 14 83,672 (34,725) 48,947
License rights 10 6,230 (3,623) 2,607
Indefinite-lived intangible:
Trade names N/A 1,190,970 — 1,190,970
$ 1,664,658 (157,439) 1,507,219
The changes in the gross carrying amount of other intangible assets and weighted average amortization period from
December 31, 2011 to December 29, 2012 are primarily due to the impairment of favorable operating leases acquired resulting
from lease terminations and intangibles acquired related to the acquisition of company-owned points of distribution. The gross