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Note 5 - Acquired Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 5 — Acquired Intangible Assets and Goodwill The carrying basis and accumulated amortization of recognized intangible assets are summarized in the following table:
|  | 2022 |  |  | 2021 |
In Thousands |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Patents |  |  | 24,715 |  |  |  | 24,270 |  |  |  | 24,715 |  |  |  | 24,068 |
Non-compete agreements |  |  | 2,749 |  |  |  | 2,749 |  |  |  | 2,749 |  |  |  | 2,749 |
Customer list |  |  | 22,017 |  |  |  | 9,783 |  |  |  | 18,017 |  |  |  | 8,100 |
Trademarks |  |  | 18,636 |  |  |  | 802 |  |  |  | 9,736 |  |  |  | 266 |
Developed technology |  |  | 475 |  |  |  | 396 |  |  |  | 475 |  |  |  | 301 |
License agreements |  |  | 700 |  |  |  | 172 |  |  |  | 700 |  |  |  | 130 |
|  |  | 69,292 |  |  |  | 38,172 |  |  |  | 56,392 |  |  |  | 35,614 |
Amortization expense was $2.6 million, $1.9 million and $1.5 million for 2022, 2021 and 2020, respectively. Estimated future amortization expense is summarized in the following table:
All Amounts in Thousands |  |  |  |
2023 |  | $ | 2,480 |
2024 |  |  | 2,356 |
2025 |  |  | 2,307 |
2026 |  |  | 2,259 |
2027 |  |  | 2,173 |
Thereafter |  |  | 11,761 |
Subtotal |  |  | 23,336 |
Indefinite-lived intangible asset balance |  |  | 7,784 |
Total |  | $ | 31,120 |
All goodwill is allocated to the operating segment of the business. The changes in the carrying amount of goodwill were:
In Thousands |  | Sporting Goods |
Balance at December 26, 2020 |  | $ | 32,695 |
Acquisition |  |  | - |
Balance at December 25, 2021 |  | $ | 32,695 |
Acquisition |  |  | 9,631 |
Balance at December 31, 2022 |  | $ | 42,326 |
The Company reviews goodwill for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable, in accordance with guidance in FASB ASC 350, Intangibles – Goodwill and Other. A qualitative assessment is first performed to determine if the fair value of the reporting unit is “more likely than not” less than the carrying value. If so, we proceed to a quantitative assessment, in which the fair value of the reporting unit is compared to its carrying value. If the carrying value of goodwill exceeds the fair value, an impairment charge to current operations is recorded to reduce the carrying value to the fair value.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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