Dunkin' Donuts 2011 Annual Report Download - page 94

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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
Other intangible assets at December 25, 2010 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 $ 385,309 (100,296) 285,013
Favorable operating leases acquired . . . 13 90,406 (33,965) 56,441
License rights ..................... 10 6,230 (2,997) 3,233
Indefinite lived intangible:
Trade names ...................... N/A 1,190,970 — 1,190,970
$1,672,915 (137,258) 1,535,657
The changes in the gross carrying amount of other intangible assets from December 25, 2010 to December 31,
2011 is primarily due to the impact of foreign currency fluctuations and the impairment of favorable operating
leases acquired resulting from lease terminations. Impairment of favorable operating leases acquired, net of
accumulated amortization, totaled $624 thousand, $2.3 million, and $1.7 million, for fiscal years 2011, 2010, and
2009, respectively, and is included in impairment charges in the consolidated statements of operations.
Total estimated amortization expense for other intangible assets for fiscal years 2012 through 2016 is as follows
(in thousands):
Fiscal year:
2012 ............................................. $26,760
2013 ............................................. 26,192
2014 ............................................. 25,681
2015 ............................................. 25,326
2016 ............................................. 22,378
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