Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

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

- 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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