Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The following is a summary of the carrying amount of goodwill by segment as of December 31, 2017 and 2016:



	Wholesale								Net Carrying
	Footwear			Accessories		Retail			Amount
Balance at January 1, 2016	$	73,018		$	49,324	$	14,755		$	137,097
Translation and other	(757		)	—		(629		)	(1,386		)
Balance at December 31, 2016	72,261			49,324		14,126			135,711
Acquisition of Schwartz & Benjamin	11,882			—		—			11,882
Translation and other	719			—		226			945
Balance at December 31, 2017	$	84,862		$	49,324	$	14,352		$	148,538

Note G – Goodwill and Intangible Assets (continued)

The following table details identifiable intangible assets as of December 31, 2017 and 2016:



	2017
	Estimated Lives	Cost Basis		Accumulated Amortization (1)		Impairment (2)		Net Carrying Amount
Trade names	6–10 years	$	9,220	$	4,760	$	—	$	4,460
Customer relationships	10 years	47,019		24,127		—		22,892
License agreements	3–6 years	5,600		5,600		—		—
Non-compete agreement	5 years	2,440		2,375		—		65
Re-acquired right	2 years	4,200		4,200		—		—
Other	3 years	14		14		—		—
		68,493		41,076		—		27,417
Re-acquired right	indefinite	35,200		7,601		—		27,599
Trade names	indefinite	100,333		—		4,045		96,288
		$	204,026	$	48,677	$	4,045	$	151,304
(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 initial impairment charge of $3,045 was recorded in the first quarter of 2015, and a final impairment charge of $1,000 was recorded in the fourth quarter of 2017 related to the Company's Wild Pair trademark. The impairment was triggered by a loss of future anticipated cash flows from a significant customer.



	2016
	Estimated Lives	Cost Basis		Accumulated Amortization (1)		Impairment (2)		Net Carrying Amount
Trade names	6–10 years	$	4,590	$	3,335	$	—	$	1,255
Customer relationships	10 years	41,509		21,341		—		20,168
License agreements	3–6 years	5,600		5,600		—		—
Non-compete agreement	5 years	2,440		2,426		—		14
Re-acquired right	2 years	4,200		4,200		—		—
Other	3 years	14		14		—		—
		58,353		36,916		—		21,437
Re-acquired right	indefinite	35,200		9,539		—		25,661
Trade names	indefinite	100,333		—		3,045		97,288
		$	193,886	$	46,455	$	3,045	$	144,386
(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.

Note G – Goodwill and Intangible Assets (continued)

The amortization of intangible assets amounted to $5,245 for 2017, $5,522 for 2016 and $6,145 for 2015 and is included in operating expenses on the Company's Consolidated Statements of Income. The estimated future amortization expense for intangibles is as follows:



2018	$	4,621
2019	4,547
2020	3,721
2021	2,095
2022	1,563
Thereafter	10,870
Total	$	27,417

- 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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