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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2024
GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS | NOTE 6. GOODWILL AND INTANGIBLE ASSETS Goodwill The following table summarizes the balances in goodwill by segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Outdoor |  | Adventure |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill | $ | 29,507 | ​ | $ | 91,375 | ​ | $ | 120,882
Accumulated goodwill impairments | ​ | (29,507) | ​ | ​ | (52,071) | ​ | ​ | (81,578)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at December 31, 2023 | ​ | - | ​ | ​ | 39,320 | ​ | ​ | 39,320
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Impact of foreign currency exchange rates | ​ | - | ​ | ​ | (1,020) | ​ | ​ | (1,020)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at March 31, 2024 | $ | - | ​ | $ | 38,300 | ​ | $ | 38,300
​ Indefinite-Lived Intangible Assets The following table summarizes the changes in indefinite-lived intangible assets: ​
​ | ​ | ​
Balance at December 31, 2023 | $ | 58,527
​ | ​ | ​
Impact of foreign currency exchange rates | ​ | (1,630)
​ | ​ | ​
Balance at March 31, 2024 | $ | 56,897
​ Trademarks classified as indefinite-lived intangible assets by brand as of March 31, 2024 and December 31, 2023, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | March 31, 2024 |  | December 31, 2023
Black Diamond | $ | 19,600 | ​ | $ | 19,600
PIEPS | ​ | 3,012 | ​ | ​ | 3,080
Rhino-Rack | ​ | 24,644 | ​ | ​ | 25,767
MAXTRAX | ​ | 9,641 | ​ | ​ | 10,080
​ | $ | 56,897 | ​ | $ | 58,527
​ Other Intangible Assets, net The following table summarizes the changes in gross other intangible assets: ​
​ | ​ | ​
Gross balance at December 31, 2023 | $ | 82,103
​ | ​ | ​
Disposal | ​ | (163)
Impact of foreign currency exchange rates | ​ | (2,620)
​ | ​ | ​
Gross balance at March 31, 2024 | $ | 79,320
​ Other intangible assets, net of amortization as of March 31, 2024 and December 31, 2023, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | March 31, 2024
​ | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
Intangibles subject to amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | $ | 59,383 | ​ | $ | (31,475) | ​ | $ | 27,908 | ​ | ​ | 13.8 years
Product technologies | ​ | 17,292 | ​ | ​ | (9,305) | ​ | ​ | 7,987 | ​ | ​ | 10.0 years
Tradenames | ​ | 1,698 | ​ | ​ | (67) | ​ | ​ | 1,631 | ​ | ​ | 12.0 years
Core technologies | ​ | 947 | ​ | ​ | (947) | ​ | ​ | - | ​ | ​ | 10.0 years
​ | $ | 79,320 | ​ | $ | (41,794) | ​ | $ | 37,526 | ​ | ​ | 12.9 years
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | December 31, 2023
​ | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | $ | 61,215 | ​ | $ | (30,478) | ​ | $ | 30,737 | ​ | ​ | 13.8 years
Product technologies | ​ | 18,003 | ​ | ​ | (9,014) | ​ | ​ | 8,989 | ​ | ​ | 10.0 years
Tradenames | ​ | 1,938 | ​ | ​ | (198) | ​ | ​ | 1,740 | ​ | ​ | 11.4 years
Core technologies | ​ | 947 | ​ | ​ | (947) | ​ | ​ | - | ​ | ​ | 10.0 years
​ | $ | 82,103 | ​ | $ | (40,637) | ​ | $ | 41,466 | ​ | ​ | 12.9 years
​ Amortization expense for continuing operations for the three months ended March 31, 2024 and 2023, was $2,449 and $2,768, respectively. Future amortization expense for other intangible assets as of March 31, 2024 is as follows: ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amortization Expense
2024 (excluding the three months ended March 31, 2024) | ​ | $ | 7,156
2025 | ​ | ​ | 8,038
2026 | ​ | ​ | 6,276
2027 | ​ | ​ | 4,568
2028 | ​ | ​ | 3,360
2029 | ​ | ​ | 2,522
Thereafter | ​ | ​ | 5,606
​ | ​ | $ | 37,526
​

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