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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

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,
			2021																								2020
			Gross						Impairment						Accumulated Amortization						Net						Gross						Impairment						Accumulated Amortization						Net
Goodwill			$	30,271					$	—					$	—					$	30,271					$	49,371					$	(19,100)					$	—					$	30,271
Indefinite -lived intangible assets:
Trade names (1)			49,600						—						—						49,600						50,600						(1,000)						—						49,600
Finite -lived intangible assets:
Licenses			15,847						—						(11,198)						4,649						15,847						—						(10,742)						5,105
Trade names (1)			51,856						(2,546)						(23,829)						25,481						52,030						—						(20,874)						31,156
Customer relationships			177,245						(11,766)						(65,863)						99,616						177,801						—						(54,008)						123,793
Other			6,566						(448)						(3,057)						3,061						6,582						—						(2,482)						4,100
Total			$	331,385					$	(14,760)					$	(103,947)					$	212,678					$	352,231					$	(20,100)					$	(88,106)					$	244,025

(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, 2021, 2020 and 2019 consists of the following (in thousands):


			Intangible Assets						Goodwill						Total Intangible Assets and Goodwill
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




Foreign currency translation adjustment			(364)						—						(364)
Amortization			(16,223)						—						(16,223)
Impairment of finite -lived intangible assets			(14,760)						—						(14,760)

Goodwill and Intangible Assets, December 31, 2021			$	182,407					$	30,271					$	212,678

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, 2021 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,
2022			$	13,654
2023			13,652
2024			13,317
2025			13,066
2026			12,716