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Trademarks and Other Intangibles

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Trademarks and Other Intangibles

3.      Trademarks and Other Intangibles  

Trademarks and other intangibles, net consist of the following:

​

​	​	​	​	​	​	​	​	​	​	​	​
​		Weighted		​	​		​	​		​	​
​		Average		September 30, 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	​		6,674	​		13,712
Trademarks (finite-lived)	​	18 years	​	​	38,194	​	​	5,786	​	​	32,408
Trademarks (finite-lived)	​	4 years	​	​	10,300	​	​	1,287	​	​	9,013
Other intellectual property		7 years	​		762	​		619	​		143
Copyrights and other intellectual property		9 years	​		229	​		146	​		83
Total	​	​	​	$	114,371	​	$	14,512	​	$	99,859

​

​	​	​	​	​	​	​	​	​	​	​	​
​		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 $1.56 million for the three-month period ended September 30, 2021 (the "current quarter") and was approximately $1.14 million for the three-month period ended September 30, 2020 (the "prior year quarter"). Amortization expense for intangible assets was approximately $4.02 million for the nine-month period ended September 30, 2021 (the “current nine months”) and was approximately $3.42 million for the nine-month period ended September 30, 2020 (the “prior year nine months”).

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.

​

Estimated future amortization expense related to finite-lived intangible assets over the remaining useful lives is as follows:

​	​	​	​
($ in thousands)	​	Amortization
Year Ending December 31,		Expense
2021 (October 1 through December 31)	​	$	1,555
2022		​	6,220
2023		​	6,220
2024		​	6,199
2025		​	4,257
Thereafter		​	30,908
Total	​	$	55,359

​

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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