Jamba Juice 2008 Annual Report Download - page 79
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Table of Contents
may cause a change in the results of the analyses performed. The changes in the carrying amount of goodwill are as follows (in thousands):
$94,162 $ —
Acquisitions (see Note 2) 19,008 94,162
Impairments (111,024) —
Other (2,146)(1) —
$ — $94,162
(1) This includes a decrease of $1.0 million related to an adjustment to correct the recording of certain deferred tax assets resulting from the acquisition of
JJC. The remaining activity represents the tax impact of the Company’s payout of escrow holdbacks from the Merger. See Note 2.
The carrying amount and accumulated amortization of trademarks and other intangible assets as of January 1, 2008 and January 9, 2007, were as
follows (in thousands):
Favorable leases $ 3,501 $(133) $ 3,368
Franchise agreements 1,314 (11) 1,303
Employment agreements 730 (21) 709
$5,545 $(165) $ 5,380
Favorable leases $ 3,893 $(1,243) $2,650
Franchise agreements 1,141 (101) 1,040
Employment agreements 730 (200) 530
Reacquired franchise rights 875 (96) 779
$6,639 $(1,640) $4,999
Other intangible assets are amortized over their expected useful lives. Amortization expense for intangible assets for fiscal 2007 and fiscal 2006 was $1.5
million and $0.2 million, respectively. Expected annual amortization expense for intangible assets recorded as of January 1, 2008 is as follows (in thousands):
2008 $ 1,328
2009 1,051
2010 766
2011 420
2012 271
Trademarks $ 82,600 $172,200
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