GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

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,
	2024				2023
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Goodwill(1)	$	33,237	$	—	$	33,237	$	33,237	$	—	$	33,237
Indefinite - lived intangible assets:
Trade name(2)	—		—		—		42,000		—		42,000
Finite -lived intangible assets:
Licenses	15,847		(12,566)		3,281		15,847		(12,110)		3,737
Trade names (2)	104,459		(28,619)		75,840		62,493		(23,862)		38,631
Customer relationships	143,157		(73,505)		69,652		143,158		(63,630)		79,528
Other	5,868		(4,351)		1,517		5,872		(3,872)		2,000
Total	$	302,568	$	(119,041)	$	183,527	$	302,607	$	(103,474)	$	199,133

(1)The gross and net value at December 31, 2024 and 2023 reflect a reduction of $79.8 million impairment charges within U.S. segment and $11.9 million impairment charges within International segment.

(2)During 2024, in connection with the annual impairment test completed as of October 1, 2024, the Company determined that one trade name, that was previously estimated to contribute to cash flows indefinitely, has a definite life. Accordingly, the trade name, with a carrying value of $42.0 million, was reclassified from indefinite-lived intangible asset to a finite-lived intangible asset as of October 1, 2024. The trade name is being amortized over an estimated useful life of 15 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, 2024, 2023 and 2022 consists of the following (in thousands):


	Intangible Assets		Goodwill		Total Intangible Assets and Goodwill
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


Foreign currency translation adjustment	81		—		81
Amortization	(14,835)		—		(14,835)

Goodwill and Intangible Assets, December 31, 2023	165,896		33,237		199,133




Foreign currency translation adjustment	(17)		—		(17)
Amortization	(15,589)		—		(15,589)


Goodwill and Intangible Assets, December 31, 2024	$	150,290	$	33,237	$	183,527

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, 2024 are as follows:


			Years
Trade names			15
Licenses			33
Customer relationships			14
Other			9

Estimated Amortization Expense

Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands):


	Year ending December 31,
2025	$	17,432
2026	17,078
2027	16,374
2028	15,915
2029	15,403