Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
6 Months Ended
Jul. 02, 2011
Intangible Assets  
Intangible Assets
Note E Intangible Assets
                                         
            June 2011     December 2010  
    Weighted     Gross             Net     Net  
    Average     Carrying     Accumulated     Carrying     Carrying  
Dollars in thousands   Life     Amount     Amortization     Amount     Amount  
Amortizable intangible assets:
                                       
Customer relationships
  19years   $ 452,179     $ 123,599     $ 328,580     $ 337,307  
License agreements
  24years     180,214       56,436       123,778       127,741  
Trademarks and other
  9years     10,215       6,257       3,958       4,670  
 
                                   
 
                                       
Amortizable intangible assets, net
                            456,316       469,718  
 
                                       
Indefinite-lived intangible assets:
                                       
Trademarks and tradenames
                            1,099,201       1,021,207  
 
                                   
 
                                       
Intangible assets, net
                          $ 1,555,517     $ 1,490,925  
 
                                   
Intangible assets are amortized using the following methods: customer relationships — accelerated methods; license agreements — accelerated and straight-line methods; trademarks and other — straight-line method.
Indefinite-lived intangible assets increased from December 2010 due to the Rock and Republic trademarks acquisition in the first quarter of 2011 as discussed in Note C, and the impact of foreign currency translation.
Amortization of intangible assets for the second quarter and first six months of 2011 was $9.5 million and $19.2 million, respectively, and is expected to be $37.8 million for the year 2011. Estimated amortization expense for the years 2012 through 2015 is $34.6 million, $33.0 million, $31.9 million and $30.5 million, respectively.