2. Goodwill and other intangible assets
As of January 31, 2014 and February 1, 2013, the balances of the Company's intangible assets were as follows:
| |
|
As of January 31, 2014 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
(In thousands) |
Remaining Life |
Amount | Accumulated Amortization |
Net | ||||||||
|
Goodwill |
Indefinite | $ | 4,338,589 | $ | — | $ | 4,338,589 | |||||
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
|
Other intangible assets: |
||||||||||||
|
Leasehold interests |
1 to 9 years | $ | 64,644 | $ | 56,699 | $ | 7,945 | |||||
|
Trade names and trademarks |
Indefinite | 1,199,700 | — | 1,199,700 | ||||||||
| | | | | | | | | | | | | |
|
|
$ | 1,264,344 | $ | 56,699 | $ | 1,207,645 | ||||||
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| |
|
As of February 1, 2013 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
(In thousands) |
Remaining Life |
Amount | Accumulated Amortization |
Net | ||||||||
|
Goodwill |
Indefinite | $ | 4,338,589 | $ | — | $ | 4,338,589 | |||||
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
|
Other intangible assets: |
||||||||||||
|
Leasehold interests |
1 to 10 years | $ | 106,917 | $ | 87,074 | $ | 19,843 | |||||
|
Trade names and trademarks |
Indefinite | 1,199,700 | — | 1,199,700 | ||||||||
| | | | | | | | | | | | | |
|
|
$ | 1,306,617 | $ | 87,074 | $ | 1,219,543 | ||||||
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
The Company recorded amortization expense related to amortizable intangible assets for 2013, 2012 and 2011 of $11.9 million, $16.9 million and $21.0 million, respectively, all of which is included in rent expense. Expected future cash flows associated with the Company's intangible assets are not expected to be materially affected by the Company's intent or ability to renew or extend the arrangements. The Company's goodwill balance is not expected to be deductible for tax purposes.
For intangible assets subject to amortization, the estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows: 2014—$5.8 million, 2015—$0.9 million, 2016—$0.3 million, 2017—$0.2 million and 2018—$0.2 million.