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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024, is as follows (in thousands):
March 31, 2025December 31, 2024
(As Restated)
Goodwill - gross carrying amount$1,311,317 $1,311,813 
Accumulated impairment losses (1)
(415,897)(415,897)
Goodwill - net carrying amount$895,420 $895,916 
(1) Comprised of accumulated goodwill impairment expense of $260.6 million at Lugano (as restated), $72.7 million at Velocity, $24.9 million at Arnold and $57.8 million at PrimaLoft.
The following is a reconciliation of the change in the carrying value of goodwill for the three months ended March 31, 2025 by operating segment (in thousands):
Balance at January 1, 2025Acquisitions/Measurement Period AdjustmentsBalance at March 31, 2025
(As Restated)
5.11$92,966 $— $92,966 
BOA254,153 — 254,153 
Lugano (as restated)— — — 
PrimaLoft232,536 — 232,536 
The Honey Pot Co.107,039 — 107,039 
Velocity Outdoor— — — 
Altor114,619 (496)114,123 
Arnold 39,267 — 39,267 
Sterno55,336 — 55,336 
Total (as restated)$895,916 $(496)$895,420 
Summary of Other Intangible Assets
Other intangible assets are comprised of the following at March 31, 2025 and December 31, 2024 (in thousands):
March 31, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(As Restated)(As Restated)(As Restated)
Customer relationships$772,033 $(324,351)$447,682 $772,361 $(311,357)$461,004 
Technology and patents199,329 (81,840)117,489 198,865 (78,175)120,690 
Trade names, subject to amortization454,244 (90,210)364,034 453,792 (83,706)370,086 
Non-compete agreements1,588 (1,343)245 1,588 (1,282)306 
Other contractual intangible assets210 (210)— 210 (210)— 
Total1,427,404 (497,954)929,450 1,426,816 (474,730)952,086 
Trade names, not subject to amortization30,810 — 30,810 30,810 — 30,810 
In-process research and development (1)
500 — 500 500 — 500 
Total intangibles, net$1,458,714 $(497,954)$960,760 $1,458,126 $(474,730)$983,396 
Summary of Estimated Charges to Amortization Expense of Intangible Assets
Estimated charges to amortization expense of intangible assets for the remainder of 2025 and the next four years, is as follows (in thousands):
20252026202720282029
$69,640 $90,662 $81,872 $79,770 $79,649