CarParts.com, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Definite-Lived Intangibles

Definite-Lived Intangibles

3 Months Ended

Mar. 29, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Definite-Lived Intangibles

Note 5 – Definite-Lived Intangibles

Intangible assets consisted of the following at March 29, 2014 and December 28, 2013 (in thousands):


			March 29, 2014							December 28, 2013
	Useful Life		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accum. Amort. and Impairment			Net Carrying Amount
Intangible assets subject to amortization:
Product design intellectual property (1)		4 years		2,750		(1,907	)		843		2,750		(1,842	)		908
Domain and trade names		10 years		1,199		(525	)		674		1,199		(506	)		693

Total			$	3,949	$	(2,432	)	$	1,517	$	3,949	$	(2,348	)	$	1,601

(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

Intangibles subject to amortization are expensed on a straight-line basis. Amortization expense relating to intangible assets for the thirteen weeks ended March 29, 2014 and March 30, 2013 was $84, and $106, respectively.

The following table summarizes the future estimated annual amortization expense for these assets over the next five years (in thousands):


2014	$	252
2015		336
2016		336
2017		207
2018		77
Thereafter		309

Total	$	1,517