INTANGIBLE ASSETS - Minimum Royalty Payments - Narrative (Details) - USD ($) $ in Thousands |
1 Months Ended | |||
---|---|---|---|---|
Jan. 09, 2018 |
Nov. 30, 2018 |
Dec. 31, 2017 |
Dec. 31, 2018 |
|
INTANGIBLE ASSETS | ||||
Annual minimum royalty payments | $ 537,000 | |||
2018 | $ 537,000 | 132,000 | $ 132,000 | |
2019 | 135,000 | |||
2020 | 135,000 | |||
2021 | 135,000 | |||
Fair Value of future minimum royalty payments | $ 482,300 | |||
Discounted rate | 5.70% | |||
Interest expense recognized | $ 54,700 | $ 54,700 | ||
Interest expense recognized, relating to royalty payments, prior to third amendment | $ 19,281 | |||
Amortization expense recognized prior to third amendment | $ 107,662 |