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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following provides a rollforward of the carrying amount of goodwill by reporting unit for the period ended June 30, 2025:
|  | Wholesale Footwear |  | Wholesale Accessories/ Apparel |  | Direct-to-Consumer |  | Net Carrying Amount
Balance at January 1, 2025 |  | $ | 90,001 |  |  | $ | 75,583 |  |  | $ | 18,153 |  |  | $ | 183,737 |
Acquisitions(1)(2)(3) |  | 15,876 |  |  | 7,974 |  |  | 57,651 |  |  | 81,501 |
Translation |  | 745 |  |  | (4) |  |  | 623 |  |  | 1,364 |
Balance at June 30, 2025 |  | $ | 106,622 |  |  | $ | 83,553 |  |  | $ | 76,427 |  |  | $ | 266,602 |
(1) During the first quarter of 2025, the Company completed the acquisition of the SM Distribution Malaysia Sdn. Bhd., which resulted in the recognition of goodwill of $1,829 allocated to the Direct-to-Consumer segment. Refer to Note 3 – Acquisitions and Joint Ventures for further information. (2) During the first quarter of 2025, the Company completed the acquisition of the SM Fashion Australia Pty Ltd., which resulted in the recognition of goodwill of $1,393 allocated to the Direct-to-Consumer and Wholesale Footwear segments. Refer to Note 3 – Acquisitions and Joint Ventures for further information. (3) During the second quarter of 2025, the Company completed the acquisition of Mercury Acquisitions Topco Limited, which resulted in the recognition of goodwill of $77,988 allocated to the Wholesale Footwear, Wholesale Accessories/Apparel, and Direct-to-Consumer segments. Refer to Note 3 – Acquisitions and Joint Ventures for further information.
Schedule of Intangible Assets, Future Amortization Expense | The estimated future amortization expense for intangibles as of June 30, 2025 was as follows:
2025 (remaining six months) | $ | 3,334 |
2026 | 5,894 |
2027 | 5,643 |
2028 | 5,607 |
2029 | 5,512 |
Thereafter | 56,765 |
Total | $ | 82,755 |
Schedule of Intangible Assets and Goodwill | The following table details identifiable intangible assets as of June 30, 2025:
|  | Estimated Lives |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademarks(1) |  | 10-20 years |  | $ | 16,075 |  |  | $ | (16,075) |  |  | $ | — |
Customer relationships(1) |  | 10-20 years |  | 114,580 |  |  | (32,219) |  |  | 82,361 |
Re-acquired rights |  | 2 years |  | 1,450 |  |  | (1,056) |  |  | 394 |
Total finite-lived other intangible assets |  |  |  | 132,105 |  |  | (49,350) |  |  | 82,755 |
Re-acquired right |  | indefinite |  | 25,572 |  |  | — |  |  | 25,572 |
Trademarks |  | indefinite |  | 174,045 |  |  | — |  |  | 174,045 |
Total indefinite-lived other intangible assets |  |  |  | 199,617 |  |  | — |  |  | 199,617 |
Total other intangible assets |  |  |  | $ | 331,722 |  |  | $ | (49,350) |  |  | $ | 282,372 |
(1) During the second quarter of 2025, the Company acquired trademarks of $117,380 and customer relationships of $53,173 in connection with its acquisition of Mercury Acquisitions Topco Limited. Refer to Note 3 – Acquisitions and Joint Ventures for further information. The following table details identifiable intangible assets as of December 31, 2024:
|  | Estimated Lives |  | Gross Carrying Amount |  | Accumulated 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 right |  | 2 years |  | 1,450 |  |  | (659) |  |  | 791 |
Total finite-lived other intangible assets |  |  |  | 79,110 |  |  | (46,950) |  |  | 32,160 |
Re-acquired right |  | indefinite |  | 24,292 |  |  | — |  |  | 24,292 |
Trademarks(3) |  | indefinite |  | 56,980 |  |  | — |  |  | 56,980 |
Total indefinite-lived other intangible assets |  |  |  | 81,272 |  |  | — |  |  | 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. (2) During 2024, the Company recognized an impairment charge of $8,635 related to its Almost Famous trademark. (3) During 2024, the Company acquired a trademark of $6,300 and customer relationships of $1,500, in connection with its acquisition of ATM.

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