XML 28 R15.htm IDEA: XBRL DOCUMENT v3.6.0.2
Intangible Assets Other Than Goodwill
12 Months Ended
Dec. 31, 2016
Intangible Assets Other Than Goodwill
Note 7—Intangible Assets Other Than Goodwill
 
Intangible assets other than goodwill consist primarily of licenses, product lines, customer relationships and trademarks. Amortized intangible assets are included in intangibles in the accompanying balance sheets. Trademarks are disclosed separately in the accompanying balance sheets. Intangible assets are as follows (in thousands, except for weighted useful lives):
 
 
       
December 31, 2015
   
December 31, 2016
 
 
 
Weighted
Useful
Lives
   
Gross
Carrying
Amount
   
Accumulated
Amortization
   
Net
Amount
   
Gross
Carrying
Amount
   
Accumulated
Amortization
   
Net
Amount
 
 
 
(Years)
                                     
 
                                         
Amortized Intangible Assets:
                                         
Licenses
   
5.81
    $
24,930
    $
(20,436
)   $
4,494
    $
20,130
    $
(17,248
)   $
2,882
 
Product lines
   
7.50
     
50,093
     
(14,376
)    
35,717
     
50,093
     
(20,634
)    
29,459
 
Customer relationships
   
4.90
     
3,152
     
(2,195
)    
957
     
3,152
     
(2,755
)    
397
 
Trade names
   
5.00
     
3,000
     
(2,050
)    
950
     
3,000
     
(2,650
)    
350
 
Non-compete/ Employment contracts
   
5.00
     
200
     
(133
)    
67
     
200
     
(177
)    
23
 
Total amortized intangible assets
          $
81,375
    $
(39,190
)   $
42,185
    $
76,575
    $
(43,464
)   $
33,111
 
Unamortized Intangible Assets:
                                                       
Trademarks
          $
2,308
    $
    $
2,308
    $
2,608
    $
    $
2,608
 
 
In October 2016, the Company acquired the operating assets of the C’est Moi brand of performance makeup and youth skincare products whose distribution is currently limited primarily to Asia. The initial consideration consisted of cash in the amount of $0.3 million. In addition, the Company agreed to pay additional compensation of up to an aggregate of $2.1 million in cash over the five year period of 2017 through 2021, based on the achievement of certain financial performance criteria, which will be accrued and charged to expense when and if it is earned.
 
For the years ended December 31, 2014, 2015 and 2016, the Company’s aggregate amortization expense related to intangible assets was $8.5 million, $8.0 million and $8.8 million, respectively. The Company currently estimates continuing future amortization expense to be approximately (in thousands):
 
2017
 
$
8,780
 
2018
   
6,137
 
2019
   
3,144
 
2020
   
3,053
 
2021
   
3,053
 
Thereafter
   
8,944
 
 
 
$
33,111