EXPRESS, INC. - 10-Q filing on 2012-08-30

Intangible Assets

6 Months Ended

Jul. 28, 2012

The following table provides the significant components of intangible assets:



	July 28, 2012				January 28, 2012
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
	(in thousands)				(in thousands)
Tradename	$	196,144	$	—	$	196,144	$	—
Internet domain name/other	1,550		—		1,365		—
Net favorable lease obligations	19,750		17,043		19,750		16,275
	$	217,444	$	17,043	$	217,259	$	16,275

The Company's tradename and internet domain name/other have indefinite lives. Net favorable lease obligations are amortized over a period between 5 and 7 years, which also represents the remaining life of each respective lease at the evaluation date, and are included in other assets on the unaudited Consolidated Balance Sheets. Amortization expense totaled $0.4 million and $0.8 million during the thirteen and twenty-six weeks ended July 28, 2012, respectively; and $0.7 million and $1.4 million during the thirteen and twenty-six weeks ended July 30, 2011, respectively.