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License Agreements
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Dec. 29, 2012
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| License Agreements |
License Agreements
We have entered into license agreements that provide for royalty payments of net sales of licensed products as set forth in the agreements. These license agreements are within our branded segment. We have incurred royalty expense (included in selling, general and administrative expenses) of approximately $3.6 million and $3.3 million for the second quarter of fiscal years 2013 and 2012, respectively. Royalty expense was $8.8 million for the first six months of fiscal year 2013 and fiscal year 2012.
At December 29, 2012, based on minimum sales requirements, future minimum royalty payments required under these license agreements were as follows (in thousands):
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- Details
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- Definition
The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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