Einstein Bros 2007 Annual Report Download - page 64

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http://www.sec.gov/Archives/edgar/data/949373/000104746908002111/a2183061z10-k.htm[9/11/2014 10:12:02 AM]
for $1.1 million. In order to adjust the assets down to their mutually agreed-upon fair value, we recorded an impairment charge of $2.2 million
during the year ended January 2, 2007. The assets were classified as held for sale on the consolidated balance sheet as of January 2, 2007, and were
subsequently sold in fiscal year 2007.
8. TRADEMARKS AND OTHER INTANGIBLES
Trademarks and other intangibles consist of the following as of:
January 2,
2007
January 1,
2008
(in thousands of dollars)
Amortizing intangibles:
Trade secrets $ 5,385 $ 5,385
Patents-manufacturing process 33,741 33,741
39,126 39,126
Less accumulated amortization:
Trade secrets 5,385 5,385
Patents-manufacturing process 33,741 33,741
39,126 39,126
Total amortizing intangibles, net $ — $ —
Non-amortizing intangibles:
Trademarks 63,806 63,831
Total trademarks and other intangibles, net $ 63,806 $ 63,831
Intangible amortization expense totaled approximately $8.2 million, $3.9 million, and $0 for the fiscal years ended 2005, 2006, and 2007,
respectively. As of January 1, 2008, all amortizing intangibles have been fully amortized.
On January 1, 2008, we acquired the assets of a Manhattan Bagel restaurant from one of our franchisees for $382,000. We recorded the assets
at their fair value of $251,000, goodwill of $106,000 and a non-amortizing intangible asset of $25,000 for the value of the Manhattan Bagel
trademark, pursuant to EITF 04-01 Accounting for Preexisting Relationships between the Parties to a Business Combination.
77
EINSTEIN NOAH RESTAURANT GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
9. DEBT ISSUANCE COSTS AND OTHER ASSETS
Debt issuance costs and other assets consist of the following:
January 2,
2007
January 1,
2008
(in thousands of dollars)
Security deposits $ 1,006 $ 439
Debt issuance costs, net of amortization(a)(b) 4,400 2,557
Total debt issue costs and other assets, net $ 5,406 $ 2,996