| Intangible Assets |
Note F —
Intangible Assets
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Weighted |
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Average |
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Net |
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Amortization |
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Amortization |
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Accumulated |
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Carrying |
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Period |
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Methods |
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Cost |
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Amortization |
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Amount |
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Dollars in
thousands |
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|
December
2013
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Amortizable intangible
assets:
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Customer
relationships
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20 years |
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Accelerated |
|
$ |
627,670 |
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$ |
210,231 |
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$ |
417,439 |
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License
agreements
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24 years |
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Accelerated and
straight-line |
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|
184,167 |
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76,378 |
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107,789 |
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Other
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8 years |
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Straight-line |
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16,057 |
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9,533 |
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6,524 |
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Amortizable intangible
assets, net
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531,752 |
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Indefinite-lived intangible
assets:
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Trademarks and trade
names
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2,428,449 |
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Intangible assets,
net
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$ |
2,960,201 |
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Weighted |
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Average |
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Net |
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Amortization |
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|
Amortization |
|
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Accumulated |
|
|
Carrying |
|
|
|
Period |
|
|
Methods |
|
Cost |
|
|
Amortization |
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|
Amount |
|
|
|
Dollars in
thousands |
|
|
December
2012
|
|
|
|
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|
|
|
|
|
|
Amortizable intangible
assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Customer
relationships
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19 years |
|
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Accelerated |
|
$ |
615,782 |
|
|
$ |
173,336 |
|
|
$ |
442,446 |
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License
agreements
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24 years |
|
|
Accelerated and
straight-line |
|
|
183,854 |
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|
68,112 |
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|
115,742 |
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Other
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8 years |
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Straight-line |
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15,944 |
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7,196 |
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8,748 |
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Amortizable intangible
assets, net
|
|
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|
|
|
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566,936 |
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Indefinite-lived intangible
assets:
|
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Trademarks and trade
names
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|
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2,350,122 |
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Intangible assets,
net
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$ |
2,917,058 |
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Amortization
expense for 2013, 2012 and 2011 was $45.8 million, $47.9 million
and $41.7 million, respectively. Estimated amortization expense for
the next five years is as follows:
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Year
|
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Amortization
Expense |
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In
millions |
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2014
|
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$ |
43.8 |
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2015
|
|
|
41.8 |
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2016
|
|
|
40.5 |
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2017
|
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|
39.3 |
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2018
|
|
|
38.7 |
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