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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities | The Company’s financial assets and liabilities subject to fair value measurements as of December 31, 2024 and 2023 were as follows:
|  | December 31, 2024 |  | December 31, 2023
(in thousands) |  | Fair value |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair value |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward contracts |  | $ | 2,175 |  |  | $ | — |  |  | $ | 2,175 |  |  | $ | — |  |  | $ | 708 |  |  | $ | — |  |  | $ | 708 |  |  | $ | — |
Total assets |  | $ | 2,175 |  |  | $ | — |  |  | $ | 2,175 |  |  | $ | — |  |  | $ | 708 |  |  | $ | — |  |  | $ | 708 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent payment liability(1)(2) |  | $ | 7,565 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,565 |  |  | $ | 13,300 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,300 |
Forward contracts |  | 816 |  |  | — |  |  | 816 |  |  | — |  |  | 1,904 |  |  | — |  |  | 1,904 |  |  | — |
Total liabilities |  | $ | 8,381 |  |  | $ | — |  |  | $ | 816 |  |  | $ | 7,565 |  |  | $ | 15,204 |  |  | $ | — |  |  | $ | 1,904 |  |  | $ | 13,300 |
(1) As of December 31, 2024, $7,565 was recorded in Contingent consideration liability - long-term portion. (2) As of December 31, 2023, $3,325 was recorded in Contingent consideration liability - current portion and $9,975 was recorded in Contingent consideration liability - long-term portion. December 31, 2024 and 2023 were as follows:
(in thousands) | Balance at Beginning of the Year |  |  |  | Acquisitions |  | Adjustments(1) |  | Transfer out of Level 3(2) |  | Balance at End of the Year
2024: |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liability | $ | 13,300 |  |  |  |  | $ | 90 |  |  | $ | 2,722 |  |  | $ | (8,547) |  |  | $ | 7,565 |
2023: |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liability | $ | — |  |  |  |  | $ | 13,300 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,300 |
(1) In 2024, amount consists of an adjustment of $2,722 that was included as an expense related to the change in valuation of the contingent consideration liability in connection with the acquisition of Almost Famous. The adjustment was recorded in the Wholesale Accessories/Apparel segment. (2) On December 31, 2024, the transfer out of Level 3 amount of $8,547, which was recorded in the Company's contingent consideration liabilities on the Consolidated Balance Sheets, represented the amount paid of our contingent liabilities which was measured based upon actual EBIT performance for the related performance period and was included as cash used in financing activities on the Consolidated Statement of Cash Flows.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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