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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2025
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 | ​ | $ | 96,966 | ​ | $ | 126,473
Accumulated goodwill impairments | ​ | (29,507) | ​ | ​ | (88,335) | ​ | ​ | (117,842)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at December 31, 2024 | $ | - | ​ | $ | 3,804 | ​ | $ | 3,804
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at March 31, 2025 | $ | - | ​ | $ | 3,804 | ​ | $ | 3,804
​ Indefinite-Lived Intangible Assets The following table summarizes the changes in indefinite-lived intangible assets: ​
​ | ​ | ​
Balance at December 31, 2024 | $ | 46,750
​ | ​ | ​
Impact of foreign currency exchange rates | ​ | 336
​ | ​ | ​
Balance at March 31, 2025 | $ | 47,086
​ Trademarks classified as indefinite-lived intangible assets by brand as of March 31, 2025 and December 31, 2024, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | March 31, 2025 |  | December 31, 2024
Black Diamond | $ | 19,600 | ​ | $ | 19,600
PIEPS | ​ | 3,020 | ​ | ​ | 2,899
Rhino-Rack | ​ | 20,272 | ​ | ​ | 20,093
MAXTRAX | ​ | 4,194 | ​ | ​ | 4,158
​ | $ | 47,086 | ​ | $ | 46,750
​ Other Intangible Assets, net The following table summarizes the changes in gross other intangible assets: ​
​ | ​ | ​
Gross balance at December 31, 2024 | $ | 77,960
​ | ​ | ​
Impact of foreign currency exchange rates | ​ | 644
​ | ​ | ​
Gross balance at March 31, 2025 | $ | 78,604
​ Other intangible assets, net of amortization as of March 31, 2025 and December 31, 2024, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | March 31, 2025
​ | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
Intangibles subject to amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | $ | 59,165 | ​ | $ | (37,530) | ​ | $ | 21,635 | ​ | ​ | 13.6 years
Product technologies | ​ | 16,946 | ​ | ​ | (11,228) | ​ | ​ | 5,718 | ​ | ​ | 9.9 years
Tradenames | ​ | 2,261 | ​ | ​ | (299) | ​ | ​ | 1,962 | ​ | ​ | 9.5 years
Non-compete agreements | ​ | 232 | ​ | ​ | (15) | ​ | ​ | 217 | ​ | ​ | 5.0 years
​ | $ | 78,604 | ​ | $ | (49,072) | ​ | $ | 29,532 | ​ | ​ | 12.7 years
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | December 31, 2024
​ | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | $ | 58,737 | ​ | $ | (35,715) | ​ | $ | 23,022 | ​ | ​ | 13.6 years
Product technologies | ​ | 16,745 | ​ | ​ | (10,528) | ​ | ​ | 6,217 | ​ | ​ | 9.9 years
Tradenames | ​ | 2,246 | ​ | ​ | (197) | ​ | ​ | 2,049 | ​ | ​ | 9.5 years
Core technologies | ​ | 232 | ​ | ​ | (4) | ​ | ​ | 228 | ​ | ​ | 5.0 years
​ | $ | 77,960 | ​ | $ | (46,444) | ​ | $ | 31,516 | ​ | ​ | 12.7 years
​ Amortization expense for continuing operations for the three months ended March 31, 2025 and 2024, was $2,224 and $2,449, respectively. Future amortization expense for other intangible assets as of March 31, 2025 is as follows: ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amortization Expense
2025 (excluding the three months ended March 31, 2025) | ​ | $ | 6,531
2026 | ​ | ​ | 6,859
2027 | ​ | ​ | 4,917
2028 | ​ | ​ | 3,302
2029 | ​ | ​ | 2,486
2030 | ​ | ​ | 1,797
Thereafter | ​ | ​ | 3,640
​ | ​ | $ | 29,532
​

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