Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

The following is a summary of the carrying amount of goodwill by segment as of September 30, 2012:



	Wholesale					Net Carrying
	Footwear		Accessories		Retail	Amount
Balance at January 1, 2012	$	20,939	$	49,155	5,501	$	75,595
Purchase accounting adjustment	11,610		169		—	11,779
Acquisition of SM Canada	2,971		—		1,214	4,185
Balance at September 30, 2012	$	35,520	$	49,324	6,715	$	91,559

Pursuant to the final reconciliation of assets and liabilities acquired in the Topline and Cejon acquisitions, adjustments to goodwill were recorded in the amount of $11,610 and $169, respectively.

The following table details identifiable intangible assets as of September 30, 2012:



	Estimated Lives	Cost Basis		Accumulated Amortization		Net Carrying Amount
Trade names	6–10 years	$	4,590	$	1,509	$	3,081
Customer relationships	10 years	27,234		6,897		20,337
License agreements	3–6 years	5,600		5,600		—
Non-compete agreement	5 years	2,440		1,446		994
Other	3 years	14		14		—
		39,878		15,466		24,412
Re-acquired right	indefinite	35,200		—		35,200
Tradenames	indefinite	76,888		—		76,888
		$	151,966	$	15,466	$	136,500

The estimated future amortization expense of purchased intangibles as of September 30, 2012 is as follows:



2012 (remaining three months)	$	838
2013	3,351
2014	3,286
2015	3,101
2016	2,795
Thereafter	11,041
	$	24,412

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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