Supercuts 2003 Annual Report Download - page 63

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Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Certain intangible asset amounts set forth above are based on preliminary purchase price allocations associated with recent business
acquisitions, and are subject to finalization and adjustment.
All intangible assets have been assigned an estimated finite useful life, and are amortized on a straight-line basis over the number of years that
approximate their respective useful lives (ranging from four to 30 years). The straight-line method of amortization allocates the cost of the
intangible assets to earnings in proportion to the amount of economic benefits obtained by the Company in that reporting period. Total
amortization expense related to other intangible assets during the years ended June 30, 2003, 2002 and 2001 was approximately $3.0, $2.3 and
$1.4 million, respectively. As of June 30, 2003, future estimated amortization expense related to amortizable intangible assets will be:
59
2003 2002
(Dollars in thousands)
Accumulated
Accumulated
Cost Amortization Net Cost Amortization
Net
Amortized intangible assets:
Trade names
$
29,722
$
(1,374
)
$
28,348
$
20,654
$
(377
)
$
20,277
Product license agreements
14,481
(602
)
13,879
14,481
(80
)
14,401
Franchise agreements
16,421
(2,947
)
13,474
18,487
(2,037
)
16,450
Non
-
compete agreements
5,315
(5,206
)
109
5,132
(4,760
)
372
Other
10,596
(1,908
)
8,688
4,827
(1,420
)
3,407
$
76,535
$
(12,037
)
$
64,498
$
63,581
$
(8,674
)
$
54,907
(Dollars in thousands)
Fiscal Year
2004
$
2,572
2005
2,300
2006
2,255
2007
2,255
2008
2,240