GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Intangible Assets Included in Wholesale Segment

The Company’s intangible assets consist of the following (in thousands):


	Year Ended December 31,
	2020								2019
	Gross		Impairment		Accumulated Amortization		Net		Gross		Impairment		Accumulated Amortization		Net
Goodwill	$	49,371	$	(19,100)	$	—	$	30,271	$	92,361	$	(42,990)	$	—	$	49,371
Indefinite -lived intangible assets:
Trade names (1)	50,600		(1,000)		—		49,600		58,216		—		—		58,216
Finite -lived intangible assets:
Licenses	15,847				(10,742)		5,105		15,847				(10,287)		5,560
Trade names (1)	52,030				(20,874)		31,156		43,986				(17,337)		26,649
Customer relationships	177,801				(54,008)		123,793		176,602				(40,605)		135,997
Other	6,582				(2,482)		4,100		6,546				(1,868)		4,678
Total	$	352,231	$	(20,100)	$	(88,106)	$	244,025	$	393,558	$	(42,990)	$	(70,097)	$	280,471

(1) During 2020, as part of the Company’s annual impairment analysis of indefinite-lived trade names it was determined that certain of the Company’s trade names, previously estimated to contribute to cash flows indefinitely, have definite lives. Accordingly, these trade names were reclassified from indefinite-lived to finite-lived or amortizable intangible assets as of October 1, 2020. These trade names are being amortized over an estimated useful life of 18 years.

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, 2020, 2019 and 2018 consists of the following (in thousands):


	Intangible Assets		Goodwill		Total Intangible Assets and Goodwill
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
Purchase price adjustment	—		972		972




Foreign currency translation adjustment	786		(301)		485
Amortization	(16,843)		—		(16,843)
Impairment of goodwill	—		(42,990)		(42,990)
Goodwill and Intangible Assets, December 31, 2019	231,100		49,371		280,471




Foreign currency translation adjustment	607		—		607
Amortization	(16,953)		—		(16,953)
Impairment of indefinite -lived intangible assets	(1,000)		—		(1,000)
Impairment of goodwill	—		(19,100)		(19,100)
Goodwill and Intangible Assets, December 31, 2020	$	213,754	$	30,271	$	244,025

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, 2020 are as follows:


			Years
Trade names			16
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,
2021	$	17,014
2022	17,014
2023	16,971
2024	16,387
2025	16,121