GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2022

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,
	2022				2021
	Gross		Accumulated Amortization		Net		Gross		Impairment		Accumulated Amortization		Net
Goodwill(1)	$	33,237	$	—	$	33,237	$	30,271	$	—	$	—	$	30,271
Indefinite -lived intangible assets:
Trade names(1)	49,600		—		49,600		49,600		—		—		49,600
Finite -lived intangible assets:
Licenses	15,847		(11,654)		4,193		15,847		—		(11,198)		4,649
Trade names (2)	54,785		(20,030)		34,755		51,856		(2,546)		(23,829)		25,481
Customer relationships (2)	143,157		(53,586)		89,571		177,245		(11,766)		(65,863)		99,616
Other (2)	5,856		(3,325)		2,531		6,566		(448)		(3,057)		3,061
Total	$	302,482	$	(88,595)	$	213,887	$	331,385	$	(14,760)	$	(103,947)	$	212,678

(1) The gross and net value at December 31, 2022 and 2021 reflect a reduction of $91.7 million impairment charges on goodwill and $1.0 million charges on indefinite-lived intangible assets.

(2)The gross value and accumulated amortization at December 31, 2022 reflect a reduction of $44.1 million and $(29.3) million, respectively, for the net $14.8 million impairment charge on finite-lived intangible assets within the international segment during the period ended December 31, 2021 and a $6.5 million reduction in gross value for previous impairment charges on finite-lived intangible assets within the U.S. segment.

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, 2022, 2021 and 2020 consists of the following (in thousands):


	Intangible Assets		Goodwill		Total Intangible Assets and Goodwill
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

Acquisition of goodwill	—		2,966		2,966
Acquisition of trade name	13,000		—		13,000


Foreign currency translation adjustment	(227)		—		(227)
Amortization	(14,530)		—		(14,530)


Goodwill and Intangible Assets, December 31, 2022	$	180,650	$	33,237	$	213,887

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, 2022 are as follows:


			Years
Trade names			14
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,
2023	$	14,701
2024	14,367
2025	14,116
2026	13,767
2027	13,057