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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Components of Intangible Assets Included in Wholesale Segment

The Company’s intangible assets, all of which are included in the Wholesale segment, consist of the following (in thousands):

 

     Year Ended December 31,  
     2013      2012  
     Gross      Accumulated
Amortization
    Net      Gross      Accumulated
Amortization
    Net  

Goodwill

   $ 5,085       $ —        $ 5,085       $ 5,085       $ —        $ 5,085   

Indefinite-lived intangible assets:

               

Trade names

     18,364         —          18,364         18,364         —          18,364   

Finite-lived intangible assets:

               

Licenses

     15,847         (7,551     8,296         15,847         (7,096     8,751   

Trade names

     10,056         (2,677     7,379         10,056         (1,800     8,256   

Customer relationships

     18,406         (2,736     15,670         18,406         (1,409     16,997   

Patents

     584         (229     355         584         (195     389   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 68,342       $ (13,193   $ 55,149       $ 68,342       $ (10,500   $ 57,842   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Summary of Activities Relating to Intangible Assets

A summary of the activities related to the Company’s intangible assets for the year ended December 31, 2013 consists of the following (in thousands):

 

     Intangible
Assets
    Goodwill      Total
Intangible
Assets and
Goodwill
 

Goodwill and Intangible Assets, December 31, 2011

   $ 44,264      $ 2,673       $ 46,937   

Acquisition of trade names

     3,940        —           3,940   

Acquisition of customer relationships

     7,240        —           7,240   

Goodwill from F&F acquisition

     —          2,412         2,412   

Impairment of Elements® trade name

     (1,069     —           (1,069

Amortization

     (1,618     —           (1,618
  

 

 

   

 

 

    

 

 

 

Goodwill and Intangible Assets, December 31, 2012

     52,757        5,085         57,842   

Amortization

     (2,693     —           (2,693
  

 

 

   

 

 

    

 

 

 

Goodwill and Intangible Assets, December 31, 2013

   $ 50,064      $ 5,085       $ 55,149   
  

 

 

   

 

 

    

 

 

 
Weighted Average Amortization Periods for Finite Lived Intangible Assets

The weighted-average amortization periods for the Company’s finite-lived intangible assets as of December 31, 2013 are as follows:

 

     Years  

Trade names

     15   

Licenses

     33   

Customer relationships

     14   

Patents

     17   
Estimated Amortization Expense

Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands):

 

Year ending December 31,       

2014

     2,692   

2015

     2,688   

2016

     2,685   

2017

     2,552   

2018

     2,552