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Fair Value Measurement (Tables)
12 Months Ended
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, 2024December 31, 2023
(in thousands)Fair valueLevel 1Level 2Level 3Fair valueLevel 1Level 2Level 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 contracts816  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.