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Acquisitions and Joint Ventures (Tables) | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Business Combination, Recognized Asset Acquired and Liability Assumed | The acquisition was accounted for in accordance with ASC 805. As such, we have applied acquisition accounting, which requires, among other things, that the assets acquired and liabilities assumed be recognized at their estimated acquisition-date fair values. The following table summarizes the Company’s preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed as of the Acquisition Date.
Balance Sheet Classification |  | Fair Value
Cash and cash equivalents |  | $ | 18,899 |
Accounts receivable |  | 29,904 |
Inventories |  | 182,895 |
Operating lease right-of-use asset |  | 65,714 |
Prepaid expenses and other current assets |  | 14,972 |
Income tax receivable and prepaid income taxes |  | 3,350 |
Property and equipment, net |  | 39,320 |
Intangibles, net |  | 165,568 |
Accounts payable |  | (51,249) |
Accrued expenses |  | (35,811) |
Income taxes payable |  | (1,770) |
Operating leases – current portion |  | (8,603) |
Operating leases – long-term portion |  | (68,251) |
Deferred tax liabilities |  | (35,757) |
Total fair value excluding goodwill |  | 319,181 |
Goodwill |  | 84,167 |
Net assets acquired |  | $ | 403,348 |
The Company is in the process of completing its purchase price allocation. Accordingly, the purchase price allocation, as shown in the table above, is considered preliminary. The Company expects to obtain the information necessary to finalize the purchase price allocation during the measurement period, not to exceed one year from the Acquisition Date as permitted under ASC 805. Any changes to the preliminary estimates of the fair value during the measurement period will be recorded as adjustments to those assets and liabilities with a corresponding adjustment to goodwill in the period they occur.
Business Combination, Intangible Asset, Acquired, Finite-Lived | The components of intangible assets acquired in connection with the Kurt Geiger acquisition were as follows:
Intangible Asset |  | Estimated Lives |  | Amortization Method |  | Estimated Fair Value
Trademark |  | Indefinite |  | N/A |  | $ | 114,987 |
Customer relationships |  | 15-20 years |  | Straight-line |  | 50,581 |
Total intangible assets |  |  |  |  |  | $ | 165,568 |
Business Combination, Intangible Asset, Acquired, Indefinite-Lived | The components of intangible assets acquired in connection with the Kurt Geiger acquisition were as follows:
Intangible Asset |  | Estimated Lives |  | Amortization Method |  | Estimated Fair Value
Trademark |  | Indefinite |  | N/A |  | $ | 114,987 |
Customer relationships |  | 15-20 years |  | Straight-line |  | 50,581 |
Total intangible assets |  |  |  |  |  | $ | 165,568 |
Business Combination, Pro Forma Information | The pro forma financial information, as presented below, is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place on January 1, 2024, nor are they indicative of future operating results.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Total revenue |  | $ | 668,109 |  |  | $ | 750,683 |  |  | $ | 1,931,959 |  |  | $ | 2,065,069 |
Net income |  | 42,469 |  |  | 53,101 |  |  | 89,408 |  |  | 67,351 |

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