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OTHER ASSETS

12 Months Ended

Dec. 31, 2021

10. OTHER ASSETS

Other assets included the following amounts at December 31, 2021 and 2020:


	2021		2020

	(Dollars in thousands)
Cash surrender value of life insurance	$	19,194	$	18,447
Amortizable intangible assets, net (See Note 9)		972		1,206
Investment in real estate		2,118		2,173
Other		1,317		2,175
Total other assets	$	23,601	$	24,001

The Company has five life insurance policies on current and former executives. Upon death of the insured executives, the approximate death benefit the Company would receive is $18.6 million in aggregate as of December 31, 2021.

The decrease in "other" in 2021 was primarily due to a $1.1 million impairment to write-off certain assets in connection with the closing of Florsheim Europe upon determination that the assets would no longer be recoverable.

On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which is classified as an investment in real estate in the above table, serves as the Company’s Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments – Equity Method and Joint Ventures, and continues to be accounted for under the equity method of accounting.