Goodwill and Other Identified Intangible Assets

Goodwill and Other Identified Intangible Assets

Goodwill

As of June 30, 2015 and March 31, 2015, the Company had goodwill with a carrying value of $154.0 million. The gross carrying amount and accumulated impairment losses of goodwill, as of June 30, 2015 and March 31, 2015, by reportable segment are as follows (in thousands):



	Celebrity Brands			Men's Active Lifestyle Group			Corporate and Other			Total
Goodwill	$	428,518		$	112,296		$	18,190		$	559,004
Accumulated impairment losses	(304,595		)	(89,336		)	(11,075		)	(405,006		)
Goodwill, net of impairment losses	$	123,923		$	22,960		$	7,115		$	153,998

Other Identified Intangible Assets

Other identified intangible assets are comprised of the following (in thousands):



	Range of lives (in years)	June 30, 2015			March 31, 2015
Intangible assets subject to amortization:
Tradenames	15 - 27	$	220,527		$	46,166
Subscriber lists	3 - 15	32,702			32,702
Customer relationships	5 - 10	2,300			2,300
Other intangible assets	3	8,040			7,620
Total gross intangible assets subject to amortization		263,569			88,788
Accumulated amortization		(49,224		)	(44,970		)
Total net intangible assets subject to amortization		214,345			43,818
Intangible assets not subject to amortization	Indefinite	6,000			180,363
Total other identified intangible assets, net		$	220,345		$	224,181

Effective April 1, 2015, certain tradenames with a net carrying value totaling approximately $174.4 million that were previously assigned indefinite lives have been assigned finite lives of 15 years. During three months ended June 30, 2015, the amortization expense of these tradenames totaled approximately $2.9 million.

Amortization expense of intangible assets was $4.3 million and $0.9 million during three months ended June 30, 2015 and 2014, respectively. Based on the carrying value of identified intangible assets recorded at June 30, 2015, and assuming no subsequent impairment of the underlying assets, the amortization expense is expected to be as follows (in thousands):



Fiscal Year	Amortization Expense
2016	$	12,660
2017	15,865
2018	14,955
2019	14,617
2020	14,501
Thereafter	141,747
	$	214,345

Impairments

The Company did not record any impairment charges during three months ended June 30, 2015 or 2014. The Company continues to evaluate goodwill and other identified intangible assets for impairment. Goodwill and other identified intangible assets are material components of the Company's financial statements and impairment charges to the Company's goodwill or other identified intangible assets in future periods could be material to the Company's results of operations.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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