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Note 9 - Identified Intangible Assets

3 Months Ended

Mar. 31, 2022

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
March 31, 2022
Trademarks
Wholesale ⁽¹⁾	$	72,579		-	$	72,579
Retail ⁽²⁾		9,220		-		9,220
Patents		895	$	810		85
Customer relationships ⁽³⁾		46,900		3,256		43,644
Total Intangibles	$	129,594	$	4,066	$	125,528

⁽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, 2021
Trademarks
Wholesale (1)	$	72,579		-	$	72,579
Retail (2)		9,220		-		9,220
Patents		895	$	804		91
Customer relationships (3)		46,900		2,475		44,425
Total Intangibles	$	129,594	$	3,279	$	126,315

⁽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
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⁾ Represents total intangibles assets, allocated on a preliminary basis, as of March 31, 2021.

The weighted average life for our patents is 7.5 years.

A schedule of approximate amortization expense related to finite-lived intangible assets for the three months ended March 31, 2022 and 2021 is as follows:

	Three Months Ended
	March 31,
($ in thousands)	2022		2021
Amortization expense	$	787	$	7

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
2022	$	2,362
2023		3,147
2024		3,143
2025		3,139
2026		3,136
2027		3,134
2028+		25,668