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Goodwill And Intangible Assets | 3 Months Ended
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Mar. 31, 2023
Goodwill And Intangible Assets [Abstract] |
Goodwill And Intangible Assets | NOTE 4. GOODWILL AND INTANGIBLE ASSETS Goodwill The following table summarizes the balances in goodwill by segment:
| Outdoor |  | Precision Sport |  | Adventure |  | Total
Goodwill | $ | 29,507 |  | $ | 26,715 |  | $ | 88,349 |  | $ | 144,571
Accumulated goodwill impairment losses |  | (29,507) |  |  | - |  |  | (52,071) |  |  | (81,578)
Balance at December 31, 2022 |  | - |  |  | 26,715 |  |  | 36,278 |  |  | 62,993
Impact of foreign currency exchange rates |  | - |  |  | - |  |  | (289) |  |  | (289)
Balance at March 31, 2023 | $ | - |  | $ | 26,715 |  | $ | 35,989 |  | $ | 62,704
Indefinite-Lived Intangible Assets The following table summarizes the changes in indefinite-lived intangible assets:
Balance at December 31, 2022 | $ | 82,901
Impact of foreign currency exchange rates |  | (457)
Balance at March 31, 2023 | $ | 82,444
Trademarks classified as indefinite-lived intangible assets by brand as of March 31, 2023 and December 31, 2022, were as follows:
| March 31, 2023 |  | December 31, 2022
Black Diamond | $ | 19,600 |  | $ | 19,600
PIEPS |  | 3,036 |  |  | 2,986
Sierra |  | 18,900 |  |  | 18,900
Barnes |  | 5,600 |  |  | 5,600
Rhino-Rack |  | 25,379 |  |  | 25,744
MAXTRAX |  | 9,929 |  |  | 10,071
| $ | 82,444 |  | $ | 82,901
Other Intangible Assets, net The following table summarizes the changes in gross other intangible assets:
Gross balance at December 31, 2022 | $ | 100,889
Impact of foreign currency exchange rates |  | (697)
Gross balance at March 31, 2023 | $ | 100,192
Other intangible assets, net of amortization as of March 31, 2023 and December 31, 2022, were as follows:
| March 31, 2023
| Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
Intangibles subject to amortization |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 76,852 |  | $ | (36,924) |  | $ | 39,928 |  |  | 13.8 years
Product technologies |  | 21,130 |  |  | (9,974) |  |  | 11,156 |  |  | 10.2 years
Tradename / trademark |  | 1,263 |  |  | (865) |  |  | 398 |  |  | 9.4 years
Core technologies |  | 947 |  |  | (947) |  |  | - |  |  | 10.0 years
| $ | 100,192 |  | $ | (48,710) |  | $ | 51,482 |  |  | 13.0 years
| December 31, 2022
| Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
Customer relationships | $ | 77,370 |  | $ | (34,653) |  | $ | 42,717 |  |  | 13.8 years
Product technologies |  | 21,309 |  |  | (9,207) |  |  | 12,102 |  |  | 10.2 years
Tradename / trademark |  | 1,263 |  |  | (827) |  |  | 436 |  |  | 9.4 years
Core technologies |  | 947 |  |  | (947) |  |  | - |  |  | 10.0 years
| $ | 100,889 |  | $ | (45,634) |  | $ | 55,255 |  |  | 13.0 years
Amortization expense for the three months ended March 31, 2023 and 2022, was $3,276 and $4,120, respectively. Future amortization expense for other intangible assets as of March 31, 2023 is as follows:
Years Ending December 31, | Amortization Expense
2023 (excluding the three months ended March 31, 2023) | $ | 9,427
2024 |  | 10,654
2025 |  | 8,622
2026 |  | 6,619
2027 |  | 4,837
2028 |  | 3,451
Thereafter |  | 7,872
| $ | 51,482

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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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