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INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Intangible assets consist of the following (in thousands):
| September 30, 2019 |  |  |  |  |  |  |  | December 31, 2018 |  |  |  |  |  |
| Gross |  | Impairment |  | Accumulated Amortization |  | Net |  | Gross |  | Impairment |  | Accumulated Amortization |  | Net
Goodwill | $ | 92,361 |  |  | $ | (9,748) |  |  | — |  |  | $ | 82,613 |  |  | $ | 93,895 |  |  | $ | (2,205) |  |  | $ | — |  |  | $ | 91,690 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names | 58,216 |  |  | — |  |  | — |  |  | 58,216 |  |  | 58,216 |  |  | — |  |  | — |  |  | 58,216 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Licenses | 15,847 |  |  | — |  |  | (10,173) |  |  | 5,674 |  |  | 15,847 |  |  | — |  |  | (9,825) |  |  | 6,022 |
Trade names | 43,193 |  |  | — |  |  | (16,174) |  |  | 27,019 |  |  | 43,689 |  |  | — |  |  | (13,965) |  |  | 29,724 |
Customer relationships | 174,366 |  |  | — |  |  | (36,332) |  |  | 138,034 |  |  | 175,482 |  |  | — |  |  | (27,538) |  |  | 147,944 |
Other | 6,475 |  |  | — |  |  | (1,688) |  |  | 4,787 |  |  | 6,510 |  |  | — |  |  | (1,259) |  |  | 5,251 |
Total | $ | 390,458 |  |  | $ | (9,748) |  |  | $ | (64,367) |  |  | $ | 316,343 |  |  | $ | 393,639 |  |  | $ | (2,205) |  |  | $ | (52,587) |  |  | $ | 338,847 |
During the third quarter of 2019, the Company’s qualitative assessment of goodwill indicated triggering events in its European kitchenware reporting unit, resulting in the Company performing a quantitative assessment, that resulted in a $9.7 million non-cash goodwill impairment charge. In the third quarter of 2018 the Company incurred a non-cash goodwill impairment charge of $2.2 million related to the European tableware business. Furthermore, during the third quarter of 2019 the Company determined its European kitchenware and tableware reporting units had met the criteria to be combined into one reporting unit based on the guidance of ASC Topic No. 350, Intangibles - Goodwill and Other and ASC Topic No. 280, Segment Reporting. As a result of the goodwill impairment charges taken in both the third quarter of 2019 and 2018, the Company wrote off to zero the amount of goodwill associated with the European kitchenware and tableware reporting units, acquired in 2014 and 2011, respectively. Several impairment indicators for the European kitchenware business were considered by the Company including the continued uncertainties of the macro-environment in Europe as a result of the ongoing Brexit negotiations. In addition, the Company considered the decline in operating performance for the European kitchenware business, which included slower fulfillment of orders and labor inefficiencies associated with setting up the new warehouse in the United Kingdom (“U.K.”). While the warehouse consolidation and integration efforts were substantially complete as of September 30, 2019, the operational improvements anticipated from the consolidation of locations had not yet been fully realized as of September 30, 2019. These factors resulted in a decline in the long-term forecast for the European kitchenware business. The fair value of the business was determined based on a combined income and market approach.

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- References No definition available. + Details
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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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