| Summary of Carrying Value of Goodwill |
The following
table summarizes the changes in our goodwill:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gross
Amount |
|
|
Accum.
Impairment
Losses
|
|
|
Net
Amount
|
|
|
Balance at January 1,
2011
|
|
$ |
23,077 |
|
|
$ |
(4,430 |
) |
|
$ |
18,647 |
|
|
Adjustment to
goodwill
|
|
|
207 |
|
|
|
— |
|
|
|
207 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 31, 2011
|
|
$ |
23,284 |
|
|
$ |
(4,430 |
) |
|
$ |
18,854 |
|
|
Impairment loss on
goodwill
|
|
|
— |
|
|
|
(18,854 |
) |
|
|
(18,854 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 29, 2012
|
|
$ |
23,284 |
|
|
$ |
(23,284 |
) |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of Intangible Assets |
Intangible
assets consisted of the following at December 28, 2013 and
December 29, 2012:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Useful
Life |
|
|
December 28,
2013 |
|
|
December 29,
2012 |
|
| |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amort. and
Impairment |
|
|
Net
Carrying
Amount |
|
|
Gross
Carrying
Amount |
|
|
Accum.
Amort. and
Impairment |
|
|
Net
Carrying
Amount |
|
|
Intangible assets subject
to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Websites
|
|
|
5 years |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,035 |
|
|
$ |
(2,035 |
) |
|
$ |
— |
|
|
Internet platform
intellectual property
|
|
|
10 months |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,300 |
|
|
|
(4,300 |
) |
|
|
— |
|
|
Product design
intellectual property (1)
|
|
|
4 years |
|
|
|
2,750 |
|
|
|
(1,842 |
) |
|
|
908 |
|
|
|
2,750 |
|
|
|
(722 |
) |
|
|
2,028 |
|
|
Customer
relationships
|
|
|
4 years |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,050 |
|
|
|
(2,050 |
) |
|
|
— |
|
|
Assembled
workforce
|
|
|
7 years |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
512 |
|
|
|
(512 |
) |
|
|
— |
|
|
Favorable
lease
|
|
|
2.5 years |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
78 |
|
|
|
(78 |
) |
|
|
— |
|
|
Domain and trade
names (2)
|
|
|
10 years |
|
|
|
1,199 |
|
|
|
(506 |
) |
|
|
693 |
|
|
|
5,067 |
|
|
|
(3,868 |
) |
|
|
1,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
|
|
|
$ |
3,949 |
|
|
$ |
(2,348 |
) |
|
$ |
1,601 |
|
|
$ |
16,792 |
|
|
$ |
(13,565 |
) |
|
$ |
3,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
| (1) |
During the second quarter of 2013, based on its impairment
analysis, the Company changed the estimated useful life for product
design and intellectual property from 9 years to 4
years.
|
| (2) |
Prior to the fourth quarter of 2012, certain domain and trade
names were considered to have an indefinite useful life. During the
fourth quarter of 2012, after an impairment charge was recognized,
the Company determined that an estimated useful life of 10 years
was more appropriate.
|
|