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Goodwill and Other Intangible Assets | 12 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The Company’s goodwill and other intangible assets are recognized as follows:
| As of March 31,
| 2019 |  | 2018
Goodwill, net |  |  |
UGG brand | $ | 6,101 |  |  | $ | 6,101 |
HOKA brand | 7,889 |  |  | 7,889 |
Total goodwill, net | 13,990 |  |  | 13,990 |
Other intangible assets |  |  |
Indefinite-lived intangible assets |  |  |
Trademarks | 15,454 |  |  | 15,454 |
Definite-lived intangible assets |  |  |
Trademarks | 55,245 |  |  | 55,245 |
Other | 51,981 |  |  | 53,216 |
Total gross carrying amount | 107,226 |  |  | 108,461 |
Accumulated amortization | (71,186 | ) |  | (66,065 | )
Net definite-lived intangible assets | 36,040 |  |  | 42,396 |
Total other intangible assets, net | 51,494 |  |  | 57,850 |
Total | $ | 65,484 |  |  | $ | 71,840 |
The weighted-average amortization period for definite-lived intangible assets was 15 years for the years ended March 31, 2019 and 2018, respectively. Intangible assets consist primarily of indefinite-lived trademarks and definite-lived trademarks, customer and distributor relationships, patents, lease rights, and non-compete agreements arising from the application of purchase accounting. Goodwill is allocated to the wholesale reportable operating segments of the brands described above. Annual Impairment Assessment Goodwill & Indefinite-Lived Intangible Assets. During the years ended March 31, 2019, 2018 and 2017, the Company evaluated the goodwill for impairment at the reporting unit level for the UGG and HOKA brands wholesale reportable operating segment as of December 31st and evaluated its Teva indefinite-lived trademarks as of October 31st. Based on the evaluation performed, no impairment loss was recorded for the goodwill and indefinite-lived intangible assets during the years ended March 31, 2019 and 2018. As of March 31, 2019 and 2018, the gross carrying amount of goodwill was $143,765 and the accumulated impairment losses were $129,775. During the year ended March 31, 2017, the Company performed the annual evaluation of goodwill for impairment for the Sanuk wholesale reportable operating segment as of October 31, 2016. The Company conducted the following assessment, which identified an indication of impairment:
• | Under step one of the impairment assessment, management concluded that the fair value of the Sanuk brand wholesale reportable operating segment was below its carrying value, which was primarily the result of lower-than-forecasted sales, lower market multiples for non-athletic footwear and apparel, and a more limited view of international and domestic expansion opportunities for the brand given the changing retail environment.
• | Under step two of the impairment assessment, management concluded that the fair value allocated to all of the assets and liabilities of the Sanuk brand wholesale reportable operating segment, using a hypothetical allocation of assets, including net tangible and intangible assets, resulted in a non-cash impairment charge of $113,944, which was recognized in the third quarter of the year ended March 31, 2017 and recorded in SG&A expenses in the consolidated statements of comprehensive income (loss).
Definite-Lived Intangible Assets. The Company did not identify any definite-lived intangible asset impairments during the years ended March 31, 2019 and 2018. However, during the year ended March 31, 2017, and in connection with the goodwill impairment discussed above, the Company identified an impairment of the Sanuk brand’s amortizable patent. The Company’s analysis determined that the Sanuk brand’s amortizable patent was fully impaired as the Sanuk SIDEWALK SURFERS utility patent had very limited value in the marketplace because of its limited ability to exclude others from creating similar products. As a result, the Company recognized a non-cash impairment charge to the patent of $4,086 in the Sanuk wholesale reportable operating segment during the third quarter of the year ended March 31, 2017, which was recorded in SG&A expenses in the consolidated statements of comprehensive income (loss). The Company did not identify any additional impairments for the Sanuk brand’s other definite-lived intangible assets during the year ended March 31, 2017, as the undiscounted future cash flows associated with those assets exceeded their carrying values. During the third quarter of the year ended March 31, 2017, the Company also recognized an impairment for definite-lived intangible assets in the DTC reportable operating segment of $4,743, due to a decline in market rental rates for European retail stores, which was recorded in SG&A expenses in the consolidated statements of comprehensive income (loss). Amortization Expense A reconciliation of the changes in total other intangible assets in the consolidated balance sheets is as follows:
| Amounts
Balance as of March 31, 2017 | $ | 65,138 |
Amortization expense | (7,807 | )
Foreign currency translation | 519 |
Balance as of March 31, 2018 | 57,850 |
Amortization expense | (6,235 | )
Foreign currency translation | (121 | )
Balance as of March 31, 2019 | $ | 51,494 |
Expected amortization expense for amortizable intangible assets subsequent to March 31, 2019 is as follows:
Years Ending March 31, |  | Amounts
2020 |  | $ | 3,471 |
2021 |  | 2,529 |
2022 |  | 2,517 |
2023 |  | 2,450 |
2024 |  | 2,430 |
Thereafter |  | 22,643 |
Total |  | $ | 36,040 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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