Supercuts 2009 Annual Report Download - page 102

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Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
3. OTHER FINANCIAL STATEMENT DATA (Continued)
The following provides additional information concerning the other intangibles, net, balance sheet account as of June 30, 2009 and 2008:
(1)
2009
2008
(Dollars in thousands)
Accrued expenses:
Payroll and payroll related costs
$
82,153
$
94,418
Insurance
21,228
52,345
Deferred revenues
9,026
10,062
Taxes payable, primarily income taxes
8,741
13,094
Other
35,490
37,686
$
156,638
$
207,605
Other noncurrent liabilities:
Deferred income taxes
$
58,338
$
55,900
Deferred rent
53,294
57,751
Deferred benefits
49,262
48,732
Insurance
23,804
—
Equity put option
24,161
24,803
Other
27,428
30,454
$
236,287
$
217,640
June 30, 2009
June 30, 2008
Cost
Accumulated
Amortization(1)
Net
Cost
Accumulated
Amortization(1)
Net
(Dollars in thousands)
Amortized intangible assets:
Brand assets and trade names
$
79,064
$
(9,964
)
$
69,100
$
81,407
$
(8,072
)
$
73,335
Customer lists
52,045
(23,252
)
28,793
51,316
(17,444
)
33,872
Franchise agreements
20,691
(6,299
)
14,392
27,115
(6,363
)
20,752
Lease intangibles
14,615
(3,737
)
10,878
14,771
(2,887
)
11,884
Non
-
compete agreements
121
(60
)
61
785
(631
)
154
Other
6,887
(3,150
)
3,737
7,974
(3,680
)
4,294
$
173,423
$
(46,462
)
$
126,961
$
183,368
$
(39,077
)
$
144,291
Balance sheet accounts are converted at the applicable exchange rates effective as of the reported balance sheet dates, while income
statement accounts are converted at the average exchange rates for the year-to-date periods presented.
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 expected period of benefit (ranging from one to 40 years). The cost of intangible assets is amortized to earnings in
proportion to the
100