XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Sep. 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 September 30, 2021:
|  | Wholesale |  |  |  | Net Carrying Amount
|  | Footwear |  | Accessories/ Apparel |  | Retail |
Balance at January 1, 2021 |  | $ | 91,097 |  |  | $ | 62,688 |  |  | $ | 14,480 |  |  | $ | 168,265 |
Translation |  | (191) |  |  | — |  |  | (117) |  |  | (308) |
Balance at September 30, 2021 |  | $ | 90,906 |  |  | $ | 62,688 |  |  | $ | 14,363 |  |  | $ | 167,957 |
The following table details identifiable intangible assets as of September 30, 2021:
|  | Estimated Lives |  | Cost Basis |  | Accumulated Amortization |  | Currency Translation |  | Net Carrying Amount
Trade names |  | 1–10 years |  | $ | 9,025 |  |  | $ | (8,962) |  |  | $ | — |  |  | $ | 63 |
Customer relationships |  | 10–20 years |  | 38,680 |  |  | (22,690) |  |  | (1,526) |  |  | 14,464 |
|  |  |  | 47,705 |  |  | (31,652) |  |  | (1,526) |  |  | 14,527 |
Re-acquired right |  | indefinite |  | 35,200 |  |  | — |  |  | (7,733) |  |  | 27,467 |
Trademarks |  | indefinite |  | 70,953 |  |  | — |  |  | 193 |  |  | 71,146 |
|  |  |  | $ | 153,858 |  |  | $ | (31,652) |  |  | $ | (9,066) |  |  | $ | 113,140 |
The Company evaluates its goodwill and indefinite-lived 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. A qualitative assessment of goodwill and certain indefinite-lived intangible assets was performed as of July 1, 2021. In conducting the qualitative impairment assessment for goodwill and indefinite-lived intangibles, the Company concluded that it is more likely than not that the fair values of its goodwill exceeded the carrying values of their respective reporting units and the fair values of its indefinite-lived intangibles exceeded their respective carrying values. Therefore, no impairment charges were recorded for goodwill and intangibles. 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 is comprised of impairment charges of $8,615, $456 and $447 related to the Company's Cejon, GREATS and Jocelyn trademarks, respectively. An additional interim impairment analysis was conducted in the third quarter of 2020 that resulted in an impairment charge of $33,010, which is comprised of impairment charges of $18,410 and $14,600 related to the Company's Cejon and Report trademarks, respectively. These charges were recorded in impairment of intangibles in the Company’s Condensed Consolidated Statements of Income/(Loss). During the nine months ended September 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 Statements of Income/Loss. The amortization of intangible assets amounted to $554 and $2,187 for the three and nine months ended September 30, 2021 compared to $908 and for $2,694 the three and nine months ended September 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 September 30, 2021 is as follows:
2021 (remaining three months) | $ | 487 |
2022 | 1,718 |
2023 | 1,718 |
2024 | 1,718 |
2025 | 1,718 |
Thereafter | 7,168 |
Total | $ | 14,527 |

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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration