Quarterly report pursuant to Section 13 or 15(d)

License Agreements

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License Agreements
 9 Months Ended
Mar. 30, 2013
Commitments and Contingencies [Abstract]  
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 $3.0 million and $2.9 million for the third quarter of fiscal years 2013 and 2012, respectively. Royalty expense was $11.8 million and $11.7 million for the first nine months of fiscal years 2013 and 2012, respectively.
At March 30, 2013, based on minimum sales requirements, future minimum royalty payments required under these license agreements were as follows (in thousands):
Fiscal Year
Amount
2013
$
453

2014
4,132

2015
2,212

2016
882

 
$
7,679