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Note 9 - Identified Intangible Assets | 6 Months Ended
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Jun. 30, 2022
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 |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  |  |  |  |  |  |
Wholesale (1) |  | $ | 72,579 |  |  |  | - |  |  | $ | 72,579 |
Retail (2) |  |  | 9,220 |  |  |  | - |  |  |  | 9,220 |
Patents |  |  | 895 |  |  | $ | 815 |  |  |  | 80 |
Customer relationships (3) |  |  | 46,900 |  |  |  | 4,039 |  |  |  | 42,861 |
Total Intangibles |  | $ | 129,594 |  |  | $ | 4,854 |  |  | $ | 124,740 |
(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 |
|  | Gross |  |  | Accumulated |  |  | Carrying |
($ in thousands) |  | Amount |  |  | Amortization |  |  | Amount |
June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  |  |  |  |  |  |
Wholesale (1) |  | $ | 72,592 |  |  |  | - |  |  | $ | 72,592 |
Retail (2) |  |  | 9,220 |  |  |  | - |  |  |  | 9,220 |
Patents |  |  | 895 |  |  | $ | 791 |  |  |  | 104 |
Customer relationships (3) |  |  | 46,900 |  |  |  | 912 |  |  |  | 45,988 |
Total Intangibles |  | $ | 129,607 |  |  | $ | 1,703 |  |  | $ | 127,904 |
(1) $45.4 million of the total resulted from our Acquisition that occurred on March 15, 2021. (2) $6.3 million of the total resulted from our Acquisition that occurred on March 15, 2021. (3) Resulted from our Acquisition that occurred on March 15, 2021. The weighted average life for our patents is 7.3 years. A schedule of approximate amortization expense related to finite-lived intangible assets for the three and six months ended June 30, 2022 and 2021 is as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
($ in thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Amortization expense |  | $ | 788 |  |  | $ | 918 |  |  | $ | 1,575 |  |  | $ | 925 |
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 |  | $ | 1,574 |
2023 |  |  | 3,147 |
2024 |  |  | 3,143 |
2025 |  |  | 3,139 |
2026 |  |  | 3,136 |
2027 |  |  | 3,134 |
2028+ |  |  | 25,668 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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