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INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

INTANGIBLE ASSETS

Schedule of indefinite-lived intangible assets

The Company’s indefinite-lived intangible assets as recorded in the Consolidated Balance Sheets were as follows:

​	​	​	​	​	​	​
​	​	December 31, 2021		​	December 31, 2020
​		(Dollars in thousands)
Indefinite-lived intangibles:	​	​	​	​	​	​
Goodwill	​	$	12,317	​	$	11,112
Trademarks	​		34,768	​		32,868
Total	​	$	47,085	​	$	43,980

Schedule of Changes in the carrying amount of the Company's goodwill by reportable segment

The additional goodwill and trademarks in 2021 resulted from the Forsake acquisition. Goodwill resulting from the Forsake acquisition has been allocated to the Company’s wholesale and retail segments as of the acquisition date. Changes in the carrying amount of the Company’s goodwill by reportable segment for the year ended December 31, 2021, were as follows:

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​	​	​	​	​	​	​	​	​	​
​		Wholesale			Retail			Total
​	​	(Dollars in thousands)
Balance, December 31, 2020	​	$	11,112	​	$	—	​	$	11,112
Acquisition of business	​		361	​		844	​		1,205
Balance, December 31, 2021	​	$	11,473	​	$	844	​	$	12,317

Schedule of Company's amortizable intangible assets

The Company’s amortizable intangible assets as recorded in the Consolidated Balance Sheets consisted of the following:

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December 31, 2021

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December 31, 2020

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Weighted

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Gross

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Gross

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Average

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Carrying

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Accumulated

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Carrying

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Accumulated

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Life (Years)

Amount

Amortization

Net

Amount

Amortization

Net

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(Dollars in thousands)

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(Dollars in thousands)

Amortizable intangible assets

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Customer relationships

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15

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$

3,500

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$

(2,528)

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$

972

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$

3,500

​

$

(2,294)

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$

1,206

Total amortizable intangible assets

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$

3,500

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$

(2,528)

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$

972

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$

3,500

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$

(2,294)

​

$

1,206

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- References

No definition available.

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- Definition

Tabular disclosure of characteristics and cost, by total and major class, of indefinite-lived intangible assets acquired as part of a business combination. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. The future benefit is not expected to diminish over a stated period of time. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4922-128472

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
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-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275

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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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