This excerpt taken from the SUSS 10-K filed Apr 2, 2007.
The Company has finite-lived intangible assets recorded that are amortized in accordance with SFAS No. 142. These assets consist of supply agreements, favorable leasehold arrangements, loan origination costs and a trade name, all of which are amortized over the respective lives of the agreements or over the period of time the assets are expected to contribute directly or indirectly to the Companys future cash flows. Supply agreements are being amortized over a weighted average period of approximately nine years. Favorable leasehold arrangements are being amortized over a weighted average period of approximately eight years. The Laredo Taco Company trade name is being amortized over fifteen years. The following table presents the gross carrying amount and accumulated amortization for each major class of finite-lived intangible assets at January 1, 2006 and December 31, 2006:
Total amortization expense from finite-lived intangibles for 2004, 2005, and 2006 was $2.7 million, $4.9 million and $5.2 million, respectively. Included in amortization expense was the write-off of unamortized loan costs related to debt prepaid of $1.4 million, $3.3 million and $1.8 million in 2004, 2005 and 2006, respectively. The following table presents the Companys estimate of amortization expense for each of the five succeeding fiscal years for finite-lived intangibles as of December 31, 2006: