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Goodwill And Intangible Assets | 3 Months Ended
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Mar. 31, 2022
Goodwill And Intangible Assets [Abstract] |
Goodwill And Intangible Assets | NOTE 5. GOODWILL AND INTANGIBLE ASSETS Goodwill The following table summarizes the balances in goodwill by segment:
| Outdoor |  | Precision Sport |  | Adventure |  | Total
Balance at December 31, 2021 | $ | - |  | $ | 26,715 |  | $ | 91,375 |  | $ | 118,090
Acquisition adjustment |  | - |  |  | - |  |  | 741 |  |  | 741
Impact of foreign currency exchange rates |  | - |  |  | - |  |  | 2,233 |  |  | 2,233
Balance at March 31, 2022 | $ | - |  | $ | 26,715 |  | $ | 94,349 |  | $ | 121,064
Indefinite Lived Intangible Assets The following table summarizes the changes in indefinite lived intangible assets:
Balance at December 31, 2021 | $ | 128,271
Impact of foreign currency exchange rates |  | 2,844
Balance at March 31, 2022 | $ | 131,115
Trademarks classified as indefinite-lived intangible assets by brand as of March 31, 2022 and December 31, 2021, were as follows:
| March 31, 2022 |  | December 31, 2021
Black Diamond | $ | 19,600 |  | $ | 19,600
PIEPS |  | 3,102 |  |  | 3,166
Sierra |  | 18,900 |  |  | 18,900
Barnes |  | 5,600 |  |  | 5,600
Rhino-Rack |  | 72,801 |  |  | 70,278
MAXTRAX |  | 11,112 |  |  | 10,727
| $ | 131,115 |  | $ | 128,271
Other Intangible Assets, net The following table summarizes the changes in gross other intangible assets:
Gross balance at December 31, 2021 | $ | 104,681
Impact of foreign currency exchange rates |  | 1,983
Gross balance at March 31, 2022 | $ | 106,664
Other intangible assets, net of amortization as of March 31, 2022 and December 31, 2021, were as follows:
| March 31, 2022
| Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
Intangibles subject to amortization |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 81,533 |  | $ | (27,032) |  | $ | 54,501 |  |  | 13.8 years
Product technologies |  | 22,921 |  |  | (6,634) |  |  | 16,287 |  |  | 10.2 years
Tradename / trademark |  | 1,263 |  |  | (724) |  |  | 539 |  |  | 9.4 years
Core technologies |  | 947 |  |  | (947) |  |  | - |  |  | 10.0 years
| $ | 106,664 |  | $ | (35,337) |  | $ | 71,327 |  |  | 12.9 years
| December 31, 2021
| Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
Customer relationships | $ | 80,078 |  | $ | (23,804) |  | $ | 56,274 |  |  | 13.8 years
Product technologies |  | 22,393 |  |  | (5,557) |  |  | 16,836 |  |  | 10.2 years
Tradename / trademark |  | 1,263 |  |  | (690) |  |  | 573 |  |  | 9.4 years
Core technologies |  | 947 |  |  | (947) |  |  | - |  |  | 10.0 years
| $ | 104,681 |  | $ | (30,998) |  | $ | 73,683 |  |  | 12.9 years
Amortization expense for the three months ended March 31, 2022 and 2021, was $4,120 and $1,197, respectively. Future amortization expense for other intangible assets as of March 31, 2021 is as follows:
Years Ending December 31, | Amortization Expense
2022 (excluding the three months ended March 31, 2022) | $ | 11,946
2023 |  | 13,714
2024 |  | 11,543
2025 |  | 9,334
2026 |  | 7,188
Thereafter |  | 17,602
| $ | 71,327

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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 http://asc.fasb.org/topic&trid=2144416 + Details
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