Dunkin' Donuts 2013 Annual Report Download - page 80

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-70-
Other intangible assets at December 28, 2013 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 $ 383,465 (159,719) 223,746
Favorable operating leases acquired 16 71,788 (35,653) 36,135
License rights 10 6,230 (4,876) 1,354
Indefinite-lived intangible:
Trade names N/A 1,190,970 — 1,190,970
$ 1,652,453 (200,248) 1,452,205
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
The changes in the gross carrying amount of other intangible assets and weighted average amortization period from
December 29, 2012 to December 28, 2013 are primarily due to the impairment of favorable operating leases acquired resulting
from lease terminations and the impact of foreign currency fluctuations. Impairment of favorable operating leases acquired, net
of accumulated amortization, totaled $444 thousand, $959 thousand, and $624 thousand, for fiscal years 2013, 2012, and 2011,
respectively, and is included within long-lived asset impairment charges in the consolidated statements of operations.
Total estimated amortization expense for other intangible assets for fiscal years 2014 through 2018 is as follows (in thousands):
Fiscal year:
2014 $ 25,357
2015 25,069
2016 22,180
2017 21,673
2018 21,258
(8) Debt
Debt at December 28, 2013 and December 29, 2012 consisted of the following (in thousands):
December 28,
2013
December 29,
2012
Term loans $ 1,823,609 1,849,958
Less current portion of long-term debt 5,000 26,680
Total long-term debt $ 1,818,609 1,823,278