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Note 8 - Identified Intangible Assets

3 Months Ended

Mar. 31, 2021

Intangible Assets Disclosure [Text Block]

8. IDENTIFIED INTANGIBLE ASSETS

A schedule of identified intangible assets is as follows:

	Gross		Accumulated		Carrying
($ in thousands)	Amount		Amortization		Amount
March 31, 2021
Trademarks
Wholesale	$	27,192		-	$	27,192
Retail		2,900		-		2,900
Patents		895	$	785		110
Acquired Intangibles ⁽¹⁾		140,728	$	-		140,728
Total Intangibles	$	171,715	$	785	$	170,930

⁽¹⁾ Acquired intangibles consist of trademarks and goodwill, allocated on a preliminary basis.

	Gross		Accumulated		Carrying
	Amount		Amortization		Amount
December 31, 2020
Trademarks
Wholesale	$	27,192	$	-	$	27,192
Retail		2,900		-		2,900
Patents		895		778		117
Total Intangibles	$	30,987	$	778	$	30,209

	Gross		Accumulated		Carrying
	Amount		Amortization		Amount
March 31, 2020
Trademarks
Wholesale	$	27,192		-	$	27,192
Retail		2,900		-		2,900
Patents		895	$	755		140
Total Intangibles	$	30,987	$	755	$	30,232

The weighted average life for our patents is 3.6 years.

A schedule of approximate amortization expense related to finite-lived intangible assets for the three months ended March 31, 2021 and 2020 is as follows:

	Three Months Ended
	March 31,
($ in thousands)	2021		2020
Amortization expense	$	7	$	8

A schedule of approximate expected amortization expense related to finite-lived intangible assets for the years ending December 31, is as follows:

	Amortization
($ in thousands)	Expense
2021	$	19
2022		22
2023		20
2024		17
2025		12
2026+		20