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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Acquired Finite-Lived Intangible Assets

The following table summarizes the identifiable intangible assets acquired as of the date of the acquisition:

			Fair Value at Acquisition Date						Amortization Period
Brand			$	5,112					10 years
Customer relationships			2,583						4 years
Total intangible assets			$	7,695

The fair value of the acquired intangible assets was determined with the assistance of a valuation specialist and include:

			Estimated Fair Value						Annual Amortization Expense						Estimated Useful Life in Years
Brand names			$	68,354					$	6,835					10 years
Customer relationships			4,855						1,214						4 years
Total			$	73,209

The fair value of the acquired intangible assets was determined with the assistance of a valuation specialist and include:

			Fair Value at Acquisition Date						Amortization Period
Brand			$	11,800					10 years
Customer relationships			2,500						3 years
Total intangible assets			$	14,300

The gross amounts and accumulated amortization of acquired identifiable intangible assets with finite useful lives as of December 31, 2021 and 2020, included in intangible assets, net in the accompanying consolidated balance sheets, are as follows:

			December 31,
			Useful life						Weighted Average Amortization Period 2021						2021						Weighted Average Amortization Period 2020						2020
Customer relationships			4 years						2.5 years						$	24,516					1.8 years						$	17,100
Brands			10 years						8.9 years						100,315						7.8 years						26,680
Website design and software system			3 years						2.2 years						1,883						2.4 years						903
Trademarks			5 years						3.3 years						114						4.5 years						103
Total intangible assets															126,828												44,786
Less accumulated amortization															(28,541)												(15,684)
Total intangible assets, net															$	98,287											$	29,102

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future estimated amortization expense for acquired identifiable intangible assets is as follows:

Year ending December 31:
2022			$	15,349
2023			13,028
2024			12,327
2025			11,022
2026			10,027
Thereafter			36,534
Total amortization expense			$	98,287

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- References

No definition available.

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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