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INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Intangible assets consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):
| June 30, 2025 |  | December 31, 2024
| Gross |  | Impairment |  | Accumulated Amortization |  | Net |  | Gross |  |  |  | Accumulated Amortization |  | Net
Goodwill(1) | $ | 33,237 |  |  | $ | (33,237) |  |  | $ | — |  |  | $ | — |  |  | $ | 33,237 |  |  |  |  | $ | — |  |  | $ | 33,237 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Licenses | 15,847 |  |  | — |  |  | (12,794) |  |  | 3,053 |  |  | 15,847 |  |  |  |  | (12,566) |  |  | 3,281 |
Trade names | 104,661 |  |  | — |  |  | (32,070) |  |  | 72,591 |  |  | 104,459 |  |  |  |  | (28,619) |  |  | 75,840 |
Customer relationships | 143,159 |  |  | — |  |  | (78,426) |  |  | 64,733 |  |  | 143,157 |  |  |  |  | (73,505) |  |  | 69,652 |
Other | 5,902 |  |  | — |  |  | (4,622) |  |  | 1,280 |  |  | 5,868 |  |  |  |  | (4,351) |  |  | 1,517 |
Total | $ | 302,806 |  |  | $ | (33,237) |  |  | $ | (127,912) |  |  | $ | 141,657 |  |  | $ | 302,568 |  |  |  |  | $ | (119,041) |  |  | $ | 183,527 |
(1) The net value at June 30, 2025 reflects a reduction of $113.0 million impairment charges within U.S. segment and $11.9 million impairment charges within International segment. The gross and net value at December 31, 2024 reflect a reduction of $79.8 million impairment charges within U.S. segment and $11.9 million impairment charges within International segment. Goodwill impairment test In the second quarter of 2025, the Company observed a sustained decline in the market valuation of the Company's common stock. Additionally, the Company's near term forecasts for the U.S. reporting unit were revised downward due to changes in retailer and consumer buying patterns, which were impacted by the recent changes in the U.S tariff policies. Based on these factors the Company concluded that impairment indicators for the U.S. reporting unit were present in the second quarter. The Company performed an interim impairment test of the goodwill in the U.S. reporting unit by comparing its fair value with its carrying value. The analysis was performed by using a discounted cash flow and market multiple method. Accordingly, this fair value measurement is classified as Level 3 since it is based primarily on unobservable inputs. Based upon the analysis per formed, the Company's U.S. reporting unit goodwill was fully impaired and a $33.2 million non-cash goodwill impairment charge was recognized in the second quarter of 2025. The goodwill impairment charge was the result of the decline in the Company's near term forecasts that were revised downward due to the changes in retailer and consumer buying patterns and an increase to the company-specific risk premium, which is an input to the cost of capital assumption, to address the potential risks in the long-term forecast which remain uncertain at this time. As of June 30, 2025, the carrying value of the Company's total goodwill has been reduced to zero.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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