Sally Beauty Supply 2011 Annual Report Download - page 124
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Sally Beauty Holdings, Inc. and Subsidiaries
Notes to Consolidated Financial Statements (Continued)
Fiscal Years ended September 30, 2011, 2010 and 2009
The following table provides the carrying value for intangible assets with indefinite lives, excluding
goodwill, and the gross carrying value and accumulated amortization for intangible assets subject to
amortization by operating segment at September 30, 2011 and 2010 (in thousands):
Sally Beauty Beauty Systems
Supply Group Total
Balance at September 30, 2011:
Intangible assets with indefinite lives:
Trade names ................... $27,344 $ 33,722 $ 61,066
Total ....................... 27,344 33,722 61,066
Intangible assets subject to amortization:
Gross carrying amount ............ 14,491 99,568 114,059
Accumulated amortization ......... (6,622) (38,845) (45,467)
Net value ................... 7,869 60,723 68,592
Total intangible assets, excluding
goodwill, net .............. $35,213 $ 94,445 $129,658
Balance at September 30, 2010:
Intangible assets with indefinite lives:
Trade names ................... $28,046 $ 33,752 $ 61,798
Other ........................ — 5,700 5,700
Total ....................... 28,046 39,452 67,498
Intangible assets subject to amortization:
Gross carrying amount ............ 14,399 60,486 74,885
Accumulated amortization ......... (4,301) (28,730) (33,031)
Net value ................... 10,098 31,756 41,854
Total intangible assets, excluding
goodwill, net .............. $38,144 $ 71,208 $109,352
Amortization expense totaled $12.4 million, $8.7 million and $6.2 million for the fiscal years 2011, 2010 and
2009, respectively. As of September 30, 2011, future amortization expense related to intangible assets
subject to amortization is estimated to be as follows (in thousands):
Fiscal Year:
2012 .................................................... $11,325
2013 .................................................... 9,514
2014 .................................................... 9,226
2015 .................................................... 8,791
2016 .................................................... 7,638
Thereafter ............................................... 22,098
$68,592
The weighted average amortization period for intangible assets subject to amortization is approximately
8 years.
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