XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2021
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 reporting unit as of June 30, 2021:
|  | Wholesale |  |  |  | Net Carrying Amount
|  | Footwear |  | Accessories/ Apparel |  | Retail |
Balance at January 1, 2021 |  | $ | 91,097 |  |  | $ | 62,688 |  |  | $ | 14,480 |  |  | $ | 168,265 |
Translation and other |  | 115 |  |  | — |  |  | 46 |  |  | 161 |
Balance at June 30, 2021 |  | $ | 91,212 |  |  | $ | 62,688 |  |  | $ | 14,526 |  |  | $ | 168,426 |
The following table details identifiable intangible assets as of June 30, 2021:
|  | Estimated Lives |  | Cost Basis |  | Accumulated Amortization |  | Currency Translation |  | Net Carrying Amount
Trade names |  | 1–10 years |  | $ | 9,025 |  |  | $ | 8,897 |  |  | $ | — |  |  | $ | 128 |
Customer relationships |  | 10–20 years |  | 38,680 |  |  | 22,216 |  |  | (1,468) |  |  | 14,996 |
|  |  |  | 47,705 |  |  | 31,113 |  |  | (1,468) |  |  | 15,124 |
Re-acquired right |  | indefinite |  | 35,200 |  |  | — |  |  | (7,036) |  |  | 28,164 |
Trademarks |  | indefinite |  | 70,953 |  |  | — |  |  | 285 |  |  | 71,238 |
|  |  |  | $ | 153,858 |  |  | $ | 31,113 |  |  | $ | (8,219) |  |  | $ | 114,526 |
The Company evaluates its goodwill and intangible assets for indicators of impairment at least annually in the third quarter of each year or whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. In the first half of 2021, the Company did not identify any indicators of impairment regarding its goodwill and intangible assets. As a result of the COVID-19 pandemic and decline in the macroeconomic environment, the Company performed an interim impairment analysis as of March 31, 2020 that resulted in $9,518 of impairment charges,which comprised of impairment charges of $8,615, $456 and $447 related to the Company's Cejon, GREATS and Jocelyn trademarks, respectively. During the quarter ended June 30, 2021 the Company sold one of its internally developed trademarks for $8,000. The gain from the sale of the trademark was recorded in operating expenses in the Company's Condensed Statement of Income/Loss. The amortization of intangible assets amounted to $803 and $1,634 for the three and six months ended June 30, 2021 compared to $895 and for $1,786 the three and six months ended June 30, 2020 and is included in operating expenses in the Company's Condensed Consolidated Statements of Income/(Loss). The estimated future amortization expense for intangibles as of June 30, 2021 is as follows:
2021 (remaining six months) | $ | 981 |
2022 | 1,730 |
2023 | 1,730 |
2024 | 1,730 |
2025 | 1,730 |
Thereafter | 7,223 |
Total | $ | 15,124 |

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 goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration