XML 68 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of Goodwill
The following table provides a rollforward of the carrying amount of goodwill by reporting unit as of December 31, 2023 and 2024:
(in thousands)Wholesale FootwearWholesale Accessories/ApparelDirect-to-ConsumerNet Carrying Amount
Balance at January 1, 2023$90,173 $62,688 $15,224 $168,085 
Acquisitions(1)
— 10,937 — 10,937 
Translation490 — 491 981 
Balance at December 31, 202390,663 73,625 15,715 180,003 
Acquisitions and divestitures(2)(3)
 1,958 3,807 5,765 
Translation(662) (1,369)(2,031)
Balance at December 31, 2024$90,001 $75,583 $18,153 $183,737 
(1) During 2023, the Company completed the acquisition of the Almost Famous business, which is included within our Wholesale Accessories/Apparel segment. Refer to Note 4 – Acquisitions, Purchases and Sales of Joint Ventures, and Divestitures for further information.
(2) During 2024, the Company acquired ATM and recorded goodwill of $2,195, of which $1,317 was recorded in the Wholesale Accessories/Apparel segment and $878 was recorded in the Direct-to-Consumer segment. Refer to Note 4 – Acquisitions, Purchases and Sales of Joint Ventures, and Divestitures for further information.
(3) During 2024, the Company completed the sale of our GREATS business, which was previously included within our Direct-to-Consumer reporting unit. Goodwill decreased $700 related to the divestiture. Refer to Note 4 – Acquisitions, Purchases and Sales of Joint Ventures, and Divestitures for further information.
 
Schedule of Indentifiable Intangible Assets
As of December 31, 2024
(in thousands)Estimated LivesGross Carrying AmountAccumulated Amortization Net Carrying Amount
Trademarks(1)(2)
10-20 years
$16,075 $(16,075)$ 
Customer relationships(1)(3)
10-20 years
61,585 (30,216)31,369 
Re-acquired rights
2 years
1,450 (659)791 
Total finite-lived other intangible assets79,110 (46,950)32,160 
Re-acquired rightindefinite24,292  24,292 
Trademarks(3)
indefinite56,980  56,980 
Total indefinite-lived other intangible assets81,272  81,272 
Total other intangible assets$160,382 $(46,950)$113,432 
(1) During 2024, the Company recognized an impairment charge of $1,700 and completed the sale of its GREATS business. As part of the divestiture, the remaining carrying amounts of the intangible assets of GREATS, which included a trademark and customer relationships, were written off. See below for further information.
(2) During 2024, the Company recognized an impairment charge of $8,635 related to its Almost Famous trademark. See below for further information.
(3) During 2024, the Company acquired a trademark of $6,300 and customer relationships of $1,500, in connection with its acquisition of ATM. Refer to Note 4 – Acquisitions, Purchases and Sales of Joint Ventures, and Divestitures for further information.
As of December 31, 2023
(in thousands)Estimated Lives
Gross Carrying Amount(1)
Accumulated Amortization Net Carrying Amount
Trademarks(1)
20 years
$25,200 $(16,263)$8,937 
Customer relationships(1)
10-20 years
61,198 (27,267)33,931 
Total finite-lived other intangible assets86,398 (43,530)42,868 
Re-acquired rightindefinite26,338 — 26,338 
Trademarks(2)
indefinite57,061 — 57,061 
Total indefinite-lived other intangible assets83,399 — 83,399 
Total other intangible assets$169,797 $(43,530)$126,267 
(1) During 2023, the Company acquired a trademark of $9,050 and customer relationships of $23,900, in connection with its acquisition of Almost Famous. Refer to Note 4 – Acquisitions, Purchases and Sales of Joint Ventures, and Divestitures for further information.
(2) During 2023, the Company recorded an impairment charge of $6,520 related to the GREATS® trademark.
The gross carrying amount and accumulated amortization of certain intangible assets as of December 31, 2024 and 2023, include the impact of changes in foreign currency exchange rates.
Schedule of Intangible Assets, Future Amortization Expense The estimated future amortization expense for intangibles as of December 31, 2024 was as follows:
(in thousands)
2025$3,737 
20262,984 
20272,739 
20282,705 
20292,612 
Thereafter17,383 
Total$32,160