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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Reconciliation of Change in Carrying Value of Goodwill | summary of the net carrying amount of goodwill at September 30, 2023 and December 31, 2022, is as follows (in thousands):
| September 30, 2023 |  | December 31, 2022
Goodwill - gross carrying amount | $ | 1,152,334 |  |  | $ | 1,145,023 |
Accumulated impairment losses (1) | (110,865) |  |  | (78,297) |
Goodwill - net carrying amount | $ | 1,041,469 |  |  | $ | 1,066,726 |
(1) Includes accumulated goodwill impairment expense of $20.6 million recorded at Ergobaby, $65.4 million at Velocity and $24.9 million at Arnold. In the nine months ended September 30, 2023, the Company recorded $32.6 million of goodwill impairment expense at Velocity, and in the year ended December 31, 2022, the Company recorded $20.6 million in goodwill impairment expense at Ergobaby. The following is a reconciliation of the change in the carrying value of goodwill for the nine months ended September 30, 2023 by operating segment (in thousands):
|  | Balance at January 1, 2023 |  | Acquisitions/Measurement Period Adjustments |  | Goodwill Impairment |  |  |  |  |  | Balance at September 30, 2023
5.11 |  | $ | 92,966 |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 92,966 |
BOA |  | 254,153 |  |  | — |  |  | — |  |  |  |  |  |  | 254,153 |
Ergobaby |  | 40,896 |  |  | — |  |  | — |  |  |  |  |  |  | 40,896 |
Lugano |  | 86,337 |  |  | — |  |  | — |  |  |  |  |  |  | 86,337 |
Marucci |  | 75,719 |  |  | 8,114 |  |  | — |  |  |  |  |  |  | 83,833 |
PrimaLoft |  | 291,150 |  |  | (803) |  |  | — |  |  |  |  |  |  | 290,347 |
Velocity Outdoor |  | 39,773 |  |  | — |  |  | (32,568) |  |  |  |  |  |  | 7,205 |
Altor |  | 91,129 |  |  | — |  |  | — |  |  |  |  |  |  | 91,129 |
Arnold |  | 39,267 |  |  | — |  |  | — |  |  |  |  |  |  | 39,267 |
Sterno |  | 55,336 |  |  | — |  |  | — |  |  |  |  |  |  | 55,336 |
Total |  | $ | 1,066,726 |  |  | $ | 7,311 |  |  | $ | (32,568) |  |  |  |  |  |  | $ | 1,041,469 |
Summary of Other Intangible Assets | Other intangible assets are comprised of the following at September 30, 2023 and December 31, 2022 (in thousands):
| September 30, 2023 |  | December 31, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 785,303 |  |  | $ | (283,325) |  |  | $ | 501,978 |  |  | $ | 785,303 |  |  | $ | (239,752) |  |  | $ | 545,551 |
Technology and patents | 226,866 |  |  | (64,947) |  |  | 161,919 |  |  | 211,648 |  |  | (52,811) |  |  | 158,837 |
Trade names, subject to amortization | 487,843 |  |  | (141,556) |  |  | 346,287 |  |  | 483,179 |  |  | (118,684) |  |  | 364,495 |
Non-compete agreements | 6,424 |  |  | (4,515) |  |  | 1,909 |  |  | 4,637 |  |  | (3,824) |  |  | 813 |
Other contractual intangible assets | 1,960 |  |  | (1,523) |  |  | 437 |  |  | 1,960 |  |  | (1,185) |  |  | 775 |
Total | 1,508,396 |  |  | (495,866) |  |  | 1,012,530 |  |  | 1,486,727 |  |  | (416,256) |  |  | 1,070,471 |
Trade names, not subject to amortization | 56,965 |  |  | — |  |  | 56,965 |  |  | 56,965 |  |  | — |  |  | 56,965 |
In-process research and development (1) | 500 |  |  | — |  |  | 500 |  |  | 500 |  |  | — |  |  | 500 |
Total intangibles, net | $ | 1,565,861 |  |  | $ | (495,866) |  |  | $ | 1,069,995 |  |  | $ | 1,544,192 |  |  | $ | (416,256) |  |  | $ | 1,127,936 |
Summary of Estimated Charges to Amortization Expense of Intangible Assets | Estimated charges to amortization expense of intangible assets for the remainder of 2023 and the next four years, is as follows (in thousands):
2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  |  |
$ | 26,523 |  |  | $ | 104,523 |  |  | $ | 99,241 |  |  | $ | 92,863 |  |  | $ | 82,000 |  |  |  |

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