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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in goodwill for the years ended December 31, 2022 and 2021 were:
Goodwill
(in thousands)
Balance at December 31, 2020
$1,719 
Foreign currency translation (1)
(119)
Balance at December 31, 2021
1,600 
HEYDUDE Acquisition 713,308 
Foreign currency translation (1)
(94)
Balance at December 31, 2022
$714,814 
(1) Foreign currency translation only relates to the goodwill in our EMEALA operating segment, as described below.
Schedule of Intangible Assets, net
‘Intangible assets, net’ reported in the consolidated balance sheets consist of the following:
December 31, 2022December 31, 2021
GrossAccum. Amortiz.NetGrossAccum. Amortiz.Net
(in thousands)
Intangible assets subject to amortization:
Capitalized software$132,295 $(109,227)$23,068 $128,843 $(104,637)$24,206 
Customer relationships210,000 (12,250)197,750 — — — 
Patents, copyrights, and trademarks5,124 (3,537)1,587 4,308 (3,530)778 
Intangible assets not subject to amortization:
HEYDUDE trademark1,570,000 — 1,570,000 — — — 
In progress7,537 — 7,537 3,739 — 3,739 
Other225 — 225 79 — 79 
Total$1,925,181 $(125,014)$1,800,167 $136,969 $(108,167)$28,802 
Schedule of Intangible Asset Amortization Expense
Amortization expense related to definite-lived intangible assets, reported in ‘Cost of sales’ and ‘Selling, general and administrative expenses’ was:
Year Ended December 31,
202220212020
(in thousands)
Cost of sales$2,366 $4,779 $3,975 
Selling, general and administrative expenses17,221 12,255 11,809 
Total amortization expense$19,587 $17,034 $15,784 
Schedule of Future Amortization of Intangible Assets Estimated future annual amortization expense of intangible assets is:
As of
December 31, 2022

(in thousands)
2023$21,826 
202420,290 
202518,962 
202617,493 
202715,490 
Thereafter128,344 
Total$222,405