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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Reconciliation of Change in Carrying Value of Goodwill
A summary of the net carrying value of goodwill at September 30, 2022 and December 31, 2021, is as follows (in thousands):
Nine months ended September 30, 2022Year ended 
 December 31, 2021
Goodwill - gross carrying amount$1,251,996 $939,828 
Accumulated impairment losses(57,745)(57,745)
Goodwill - net carrying amount$1,194,251 $882,083 
The following is a reconciliation of the change in the carrying value of goodwill for the nine months ended September 30, 2022 by operating segment (in thousands):
Balance at January 1, 2022Acquisitions/Measurement Period AdjustmentsBalance at September 30, 2022
5.11$92,966 $— $92,966 
BOA254,153 — 254,153 
Ergobaby61,448 — 61,448 
Lugano83,458 2,879 86,337 
Marucci107,855 (33,204)74,651 
PrimaLoft— 335,296 335,296 
Velocity Outdoor30,079 6,911 36,990 
Advanced Circuits58,029 — 58,029 
Altor90,843 286 91,129 
Arnold 39,267 — 39,267 
Sterno55,336 — 55,336 
Corporate (1)
8,649 — 8,649 
Total$882,083 $312,168 $1,194,251 
(1) Represents goodwill resulting from purchase accounting adjustments not "pushed down" to the ACI segment. This amount is allocated back to the ACI segment for purposes of goodwill impairment testing.
Summary of Other Intangible Assets
Other intangible assets are comprised of the following at September 30, 2022 and December 31, 2021 (in thousands):
September 30, 2022December 31, 2021
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Customer relationships$779,271 $(253,488)$525,783 $595,673 $(218,066)$377,607 
Technology and patents189,430 (51,229)138,201 156,129 (42,035)114,094 
Trade names, subject to amortization483,937 (111,917)372,020 411,880 (90,196)321,684 
Non-compete agreements4,962 (4,084)878 4,942 (3,827)1,115 
Other contractual intangible assets3,013 (1,340)1,673 1,960 (735)1,225 
Total1,460,613 (422,058)1,038,555 1,170,584 (354,859)815,725 
Trade names, not subject to amortization56,965 — 56,965 56,965 — 56,965 
In-process research and development (1)
500 — 500 — — — 
Total intangibles, net$1,518,078 $(422,058)$1,096,020 $1,227,549 $(354,859)$872,690 
Summary of Estimated Charges to Amortization Expense of Intangible Assets
Estimated charges to amortization expense of intangible assets for the remainder of 2022 and the next four years, is as follows (in thousands):
20222023202420252026
$25,179 $100,226 $98,607 $93,282 $86,929