XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

Note 9 - Identified Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2021
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | 9. IDENTIFIED INTANGIBLE ASSETS A schedule of identified intangible assets is as follows:
|  | Gross |  |  | Accumulated |  |  | Carrying |
($ in thousands) |  | Amount |  |  | Amortization |  |  | Amount |
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  |  |  |  |  |  |
Wholesale (1) |  | $ | 72,592 |  |  |  | - |  |  | $ | 72,592 |
Retail (2) |  |  | 9,220 |  |  |  | - |  |  |  | 9,220 |
Patents |  |  | 895 |  |  | $ | 797 |  |  |  | 98 |
Customer relationships (3) |  |  | 46,900 |  |  |  | 1,694 |  |  |  | 45,206 |
Total Intangibles |  | $ | 129,607 |  |  | $ | 2,491 |  |  | $ | 127,116 |
(1) $45.4 million of the total resulted from our Acquisition that occurred on March 15, 2021. (2) $6.3 million of the total resulted from our Acquisition that occurred on March 15, 2021. (3) Resulted from our Acquisition that occurred on March 15, 2021.
|  | Gross |  |  | Accumulated |  |  | Carrying |
($ in thousands) |  | 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 |
($ in thousands) |  | Amount |  |  | Amortization |  |  | Amount |
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  |  |  |  |  |  |
Wholesale |  | $ | 27,192 |  |  |  | - |  |  | $ | 27,192 |
Retail |  |  | 2,900 |  |  |  | - |  |  |  | 2,900 |
Patents |  |  | 895 |  |  | $ | 771 |  |  |  | 124 |
Total Intangibles |  | $ | 30,987 |  |  | $ | 771 |  |  | $ | 30,216 |
The weighted average life for our patents is 3.1 years. A schedule of approximate amortization expense related to finite-lived intangible assets for the three and nine months ended September 30, 2021 and 2020 is as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
($ in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Amortization expense |  | $ | 788 |  |  | $ | 8 |  |  | $ | 1,713 |  |  | $ | 24 |
Updated to include the amortization of our acquired intangible assets, a schedule of approximate expected remaining amortization expense related to finite-lived intangible assets for the years ending December 31, is as follows:
|  | Amortization |
($ in thousands) |  | Expense |
2021 |  | $ | 788 |
2022 |  |  | 3,149 |
2023 |  |  | 3,147 |
2024 |  |  | 3,143 |
2025 |  |  | 3,139 |
2026+ |  |  | 31,938 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration