XML 79 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note H - Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Text Block]

Note H – Goodwill and Intangible Assets


The following is a summary of the carrying amount of goodwill by segment for the year ended December 31, 2011:


                Net  
    Wholesale           Carrying  
   

Footwear

   

Accessories

   

Retail

   

Amount

 
Balance at January 1, 2011   $ 1,547     $ 31,565     $ 5,501     $ 38,613  
Acquisition of Cejon     —       17,590       —       17,590  
Acquisition of Topline     19,392       —       —       19,392  
                                 
Balance at December 31, 2011   $ 20,939     $ 49,155     $ 5,501     $ 75,595  

The following table details identifiable intangible assets as of December 31, 2011:


   

Estimated Lives

 

Cost Basis

   

Accumulated Amortization

   

Net Carrying Amount

 
Trade names   6–10 years   $ 8,590     $ 1,180     $ 7,410  
Customer relationships   10 years     22,834       4,999       17,835  
License agreements   3–6 years     5,600       5,600       —  
Non-compete agreement   5 years     1,985       1,205       780  
Other   3 years     14       14       —  
                             
          39,023       12,998       26,025  
                             
Trademarks   indefinite     72,842       —       72,842  
                             
        $ 111,865     $ 12,998     $ 98,867  

Note H – Goodwill and Intangible Assets (continued)


The amortization of intangible assets amounted to $3,191 and is included in operating expenses on the Company’s Consolidated Statements of Income. The estimated future amortization expense of intangibles as of December 31, 2011 is as follows:


2012   $ 3,393  
2013     3,393  
2014     3,326  
2015     3,142  
2016     2,837  
Thereafter     9,933  
         
Total   $ 26,024