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Trademarks and Other Intangibles
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Trademarks and Other Intangibles

2. Trademarks and Other Intangibles

Trademarks and other intangibles, net consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Weighted

    

 

 

    

 

 

    

 

 

 

 

Average

 

March 31, 2021

 

 

Amortization

 

Gross Carrying

 

Accumulated

 

Net Carrying

($ in thousands)

 

Period

 

Amount

 

Amortization

 

Amount

Trademarks (indefinite-lived)

 

n/a

 

$

44,500

 

$

 —

 

$

44,500

Trademarks (finite-lived)

 

15 years

 

 

20,386

 

 

5,985

 

 

14,401

Trademarks (finite-lived)

 

18 years

 

 

38,194

 

 

4,723

 

 

33,471

Other intellectual property

 

7 years

 

 

762

 

 

564

 

 

198

Copyrights and other intellectual property

 

10 years

 

 

190

 

 

133

 

 

57

Total

 

 

 

$

104,032

 

$

11,405

 

$

92,627

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Weighted

    

 

 

    

 

 

    

 

 

 

 

Average

 

December 31, 2020

 

 

Amortization

 

Gross Carrying

 

Accumulated

 

Net Carrying

($ in thousands)

 

Period

 

Amount

 

Amortization

 

Amount

Trademarks (indefinite-lived)

 

n/a

 

$

44,500

 

$

 —

 

$

44,500

Trademarks (finite-lived)

 

15 years

 

 

20,386

 

 

5,640

 

 

14,746

Trademarks (finite-lived)

 

18 years

 

 

38,194

 

 

4,192

 

 

34,002

Other intellectual property

 

7 years

 

 

762

 

 

537

 

 

225

Copyrights and other intellectual property

 

10 years

 

 

190

 

 

128

 

 

62

Total

 

  

 

$

104,032

 

$

10,497

 

$

93,535

 

Amortization expense for intangible assets was approximately $0.91 million for the three-month period ended March 31, 2021 (the "current quarter") and was approximately $1.14 million for the three-month period ended March 31, 2020 (the "prior year quarter").

The trademarks related to the Isaac Mizrahi Brand have been determined to have indefinite useful lives and, accordingly, no amortization has been recorded for these assets.