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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2018
Components of Intangible Assets Included in Wholesale Segment
The Company’s intangible assets, all of which are included in the U.S. and International segments, consist of the following (in thousands):
 
 
 
Year Ended December 31,
 
 
 
2018
 
 
2017
 
 
 
Gross
 
 
Impairment
 
 
Accumulated

Amortization
 
 
Net
 
 
Gross
 
 
Accumulated

Amortization
 
 
Net
 
Goodwill
 
$
93,895
 
 
$
(2,205
)
 
$
 
 
$
91,690
 
 
$
15,772
 
 
$
 
 
$
15,772
 
Indefinite -lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade names
 
 
58,216
 
 
 
 
 
 
 
 
 
58,216
 
 
 
7,616
 
 
 
 
 
 
7,616
 
Finite -lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Licenses
 
 
15,847
 
 
 
 
 
 
 
(9,825
)
 
 
6,022
 
 
 
15,847
 
 
 
(9,375
)
 
 
6,472
 
Trade names
 
 
43,689
 
 
 
 
 
 
 
(13,965
)
 
 
29,724
 
 
 
33,368
 
 
 
(11,109
)
 
 
22,259
 
Customer relationships
 
 
175,482
 
 
 
 
 
 
 
(27,538
)
 
 
147,944
 
 
 
52,961
 
 
 
(16,966
)
 
 
35,995
 
Other
 
 
6,510
 
 
 
 
 
 
 
(1,259
)
 
 
5,251
 
 
 
1,165
 
 
 
(800
)
 
 
365
 
Total
 
$
393,639
 
 
$
(2,205
)
 
$
(52,587
)
 
$
338,847
 
 
$
126,729
 
 
$
(38,250
)
 
$
88,479
 
Summary of Activities Relating to Intangible Assets
A summary of the activities related to the Company’s intangible assets for the years ended December 31, 2018, 2017 and 2016 consists of the following (in thousands):
 
 
 
Intangible

Assets
 
 
Goodwill
 
 
Total Intangible

Assets and

Goodwill
 
Goodwill and Intangible Assets, December 31, 2015
 
$
78,492
 
 
$
18,101
 
 
$
96,593
 
Acquisition of trade names
 
 
5,159
 
 
 
 
 
 
5,159
 
Acquisition of customer relationships
 
 
8,878
 
 
 
 
 
 
8,878
 
Acquisition of other intangible assets
 
 
50
 
 
 
 
 
 
50
 
Foreign currency translation adjustment
 
 
(11,400
)
 
 
(3,900
)
 
 
(15,300
)
Amortization
 
 
(6,161
)
 
 
 
 
 
(6,161
)
Goodwill and Intangible Assets, December 31, 2016
 
 
75,018
 
 
 
14,201
 
 
 
89,219
 
Acquisition of goodwill
 
 
 
 
 
434
 
 
 
434
 
Acquisition of trade names
 
 
1,134
 
 
 
 
 
 
1,134
 
Acquisition of customer relationships
 
 
563
 
 
 
 
 
 
563
 
Foreign currency translation adjustment
 
 
2,823
 
 
 
1,137
 
 
 
3,960
 
Amortization
 
 
(6,831
)
 
 
 
 
 
(6,831
)
Goodwill and Intangible Assets, December 31, 2017
 
 
72,707
 
 
 
15,772
 
 
 
88,479
 
Acquisition of goodwill
 
 
 
 
 
78,795
 
 
 
78,795
 
Acquisition of trade names
 
 
61,500
 
 
 
 
 
 
 
61,500
 
Acquisition of customer relationships
 
 
124,430
 
 
 
 
 
 
 
124,430
 
Acquisition of other intangible assets
 
 
5,367
 
 
 
 
 
 
5,367
 
Foreign currency translation adjustment
 
 
(1,524
)
 
 
(672
)
 
 
(2,196
)
Amortization
 
 
(15,323
)
 
 
 
 
 
(15,323
)
Impairment of goodwill
 
 
 
 
 
(2,205
)
 
 
(2,205
)
Goodwill and Intangible Assets, December 31, 2018
 
$
247,157
 
 
$
91,690
 
 
$
338,847
 
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, 2018 are as follows:
 
 
 
Years
 
Trade names
 
 
15
 
Licenses
 
 
33
 
Customer relationships
 
 
14
 
Other
 
 
10
 
Estimated Amortization Expense
Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands):
 
Year ending December 31,
 
 
 
 
2019
 
$
16,841
 
2020
 
 
16,827
 
2021
 
 
16,349
 
2022
 
 
16,349
 
2023
 
 
16,309