RITE AID CORP | 2013 | FY | 3


9. Other Intangibles

        The Company's intangible assets are finite-lived and amortized over their useful lives. Following is a summary of the Company's intangible assets as of March 2, 2013 and March 3, 2012.

 
  2013   2012
 
  Gross
Carrying
Amount
  Accumulated
Amortization
  Remaining
Weighted
Average
Amortization
Period
  Gross
Carrying
Amount
  Accumulated
Amortization
  Remaining
Weighted
Average
Amortization
Period

Favorable leases and other

  $ 623,541   $ (413,556 ) 10 years   $ 614,862   $ (374,685 ) 10 years

Prescription files

    1,286,087     (1,031,668 ) 4 years     1,239,444     (950,846 ) 5 years
                         

Total

  $ 1,909,628   $ (1,445,224 )     $ 1,854,306   $ (1,325,531 )  
                         

        Also included in other non-current liabilities as of March 2, 2013 and March 3, 2012 are unfavorable lease intangibles with a net carrying amount of $70,195 and $82,030, respectively.

        Amortization expense for these intangible assets and liabilities was $127,737, $143,790 and $173,618 for fiscal 2013, 2012 and 2011, respectively. The anticipated annual amortization expense for these intangible assets and liabilities is 2014—$104,289; 2015—$87,308; 2016—$76,037; 2017—$63,004 and 2018—$25,170.


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