Intangible Assets

3 Months Ended

Mar. 31, 2025

5. Intangible Assets

Our indefinite-lived intangible assets, comprised of goodwill and trademarks, are predominantly recorded in our North American Wholesale segment. There were no changes in the carrying value of our goodwill and trademarks during the three months ended March 31, 2025. Our amortizable intangible assets, which were included within other assets in the Condensed Consolidated Balance Sheets, consisted of the following:


			March 31, 2025						December 31, 2024
	Weighted		Gross						Gross
	Average		Carrying		Accumulated				Carrying		Accumulated
	Life (Years)		Amount		Amortization		Net		Amount		Amortization		Net

			(Dollars in thousands)
Amortizable intangible assets
Customer relationships		15	$	3,500	$	(3,286)	$	214	$	3,500	$	(3,227)	$	273
Total amortizable intangible assets			$	3,500	$	(3,286)	$	214	$	3,500	$	(3,227)	$	273

Amortization expense related to the intangible assets was $58,000 in both the first quarters of 2025 and 2024.