XML 34 R16.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The following is a summary of the carrying amount of goodwill by segment as of December 31, 2015 and 2014:
|  | Wholesale |  |  |  |  | Net Carrying
|  | Footwear |  | Accessories |  | Retail |  | Amount
Balance at January 1, 2014 |  | $ | 37,591 |  |  | $ | 49,324 |  |  | $ | 9,217 |  |  | $ | 96,132 |
Acquisition of Dolce Vita |  | 39,211 |  |  | — |  |  | — |  |  | 39,211 |
Acquisition of SM Mexico |  | 10,732 |  |  | — |  |  | 8,585 |  |  | 19,317 |
Translation and other |  | 103 |  |  | — |  |  | (4 | ) |  | 99 |
Balance at December 31, 2014 |  | 87,637 |  |  | 49,324 |  |  | 17,798 |  |  | 154,759 |
Acquisition of Blondo |  | 2,008 |  |  | — |  |  | — |  |  | 2,008 |
Purchase accounting adjustment (1) |  | (14,665 | ) |  | — |  |  | (1,916 | ) |  | (16,581 | )
Translation and other |  | (1,962 | ) |  | — |  |  | (1,127 | ) |  | (3,089 | )
Balance at December 31, 2015 |  | $ | 73,018 |  |  | $ | 49,324 |  |  | $ | 14,755 |  |  | $ | 137,097 |
(1) Amount represents the final purchase price allocation of customer relationships related to the Dolce Vita acquisition originally recorded in goodwill, as well as the final purchase price allocation of customer relationships and re-acquired rights related to the SM Mexico acquisition originally recorded in goodwill.
Note H – Goodwill and Intangible Assets (continued) The following table details identifiable intangible assets as of December 31, 2015 and 2014:
|  | 2015
|  | Estimated Lives |  | Cost Basis |  | Accumulated Amortization (1) |  | Impairment (2) |  | Net Carrying Amount
Trade names |  | 6–10 years |  | $ | 4,590 |  |  | $ | 2,921 |  |  | $ | — |  |  | $ | 1,669 |
Customer relationships |  | 10 years |  | 41,509 |  |  | 17,869 |  |  | — |  |  | 23,640 |
License agreements |  | 3–6 years |  | 5,600 |  |  | 5,600 |  |  | — |  |  | — |
Non-compete agreement |  | 5 years |  | 2,440 |  |  | 2,357 |  |  | — |  |  | 83 |
Re-acquired right |  | 2 years |  | 4,200 |  |  | 2,008 |  |  | — |  |  | 2,192 |
Other |  | 3 years |  | 14 |  |  | 14 |  |  | — |  |  | — |
|  |  |  | 58,353 |  |  | 30,769 |  |  | — |  |  | 27,584 |
Re-acquired right |  | indefinite |  | 35,200 |  |  | 10,314 |  |  | — |  |  | 24,886 |
Trade names |  | indefinite |  | 100,333 |  |  | — |  |  | 3,045 |  |  | 97,288 |
|  |  |  | $ | 193,886 |  |  | $ | 41,083 |  |  | $ | 3,045 |  |  | $ | 149,758 |
(1) Includes the effect of foreign currency translation related primarily to the changes in the Canadian dollar and Mexican peso in relation to the U.S. dollar. (2) An impairment charge of $3,045 was recorded in the first quarter of 2015 related to the Company's Wild Pair trademark. The impairment was triggered by a loss of future anticipated cash flows from a significant customer.
|  | 2014
|  | Estimated Lives |  | Cost Basis |  | Accumulated Amortization (1) |  | Net Carrying Amount
Trade names |  | 6–10 years |  | $ | 4,590 |  |  | $ | 2,494 |  |  | $ | 2,096 |
Customer relationships |  | 10 years |  | 27,339 |  |  | 13,205 |  |  | 14,134 |
License agreements |  | 3–6 years |  | 5,600 |  |  | 5,600 |  |  | — |
Non-compete agreement |  | 5 years |  | 2,440 |  |  | 2,159 |  |  | 281 |
Other |  | 3 years |  | 14 |  |  | 14 |  |  | — |
|  |  |  | 39,983 |  |  | 23,472 |  |  | 16,511 |
Re-acquired right |  | indefinite |  | 35,200 |  |  | 5,192 |  |  | 30,008 |
Trade names |  | indefinite |  | 93,138 |  |  | — |  |  | 93,138 |
|  |  |  | $ | 168,321 |  |  | $ | 28,664 |  |  | $ | 139,657 |
(1) Includes the effect of foreign currency translation related primarily to the changes in the Canadian dollar in relation to the U.S. dollar.
The amortization of intangible assets amounted to $6,145 for 2015, $3,380 for 2014 and $3,459 for 2013 and is included in operating expenses on the Company's Consolidated Statements of Income. The estimated future amortization expense of purchased intangibles is as follows: Note H – Goodwill and Intangible Assets (continued)
2016 | $ | 5,524 |
2017 | 3,310 |
2018 | 3,175 |
2019 | 3,102 |
2020 | 2,294 |
Thereafter | 10,179 |
Total | $ | 27,584 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration