Goodwill and Intangibles |
11. GOODWILL AND INTANGIBLES
The following tables summarize the changes in the Company’s intangible assets as of December 31, 2020 and September 30, 2021 (in thousands):
|
|
December 31, 2019 |
|
|
Year-Ended
December 31, 2020 |
|
|
December 31, 2020 |
|
|
|
Gross Carrying Amount |
|
|
Additions |
|
|
Impairments |
|
|
Gross Carrying Amount |
|
|
Goodwill Impairments |
|
|
Accumulated Amortization |
|
|
Net Book Value |
|
Goodwill |
|
$ |
745 |
|
|
$ |
46,573 |
|
|
$ |
— |
|
|
$ |
47,318 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
47,318 |
|
|
|
December 31, 2020 |
|
|
Nine Months Ended
September 30, 2021 |
|
|
September 30, 2021 |
|
|
|
Gross Carrying Amount |
|
|
Additions |
|
|
Impairments |
|
|
Gross Carrying Amount |
|
|
Goodwill Impairments |
|
|
Accumulated Amortization |
|
|
Net Book Value |
|
Goodwill |
|
$ |
47,318 |
|
|
$ |
71,301 |
|
|
$ |
— |
|
|
$ |
118,619 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
118,619 |
|
The following tables summarize the changes in the Company’s intangible assets as of December 31, 2020 and September 30, 2021 (in thousands):
|
|
December 31, 2019 |
|
|
Year-Ended
December 31, 2020 |
|
|
December 31, 2020 |
|
|
|
Gross Carrying Amount |
|
|
Additions |
|
|
Impairments |
|
|
Gross Carrying Amount |
|
|
Goodwill Impairments |
|
|
Accumulated Amortization |
|
|
Net Book Value |
|
Trademarks |
|
$ |
310 |
|
|
$ |
31,500 |
|
|
$ |
— |
|
|
$ |
31,810 |
|
|
$ |
— |
|
|
$ |
(442 |
) |
|
$ |
31,368 |
|
Non-competition agreement |
|
|
11 |
|
|
|
100 |
|
|
|
— |
|
|
|
111 |
|
|
|
— |
|
|
|
(19 |
) |
|
|
92 |
|
Transition services agreement |
|
|
12 |
|
|
|
11 |
|
|
|
— |
|
|
|
23 |
|
|
|
— |
|
|
|
(23 |
) |
|
|
— |
|
Total intangibles |
|
$ |
333 |
|
|
$ |
31,611 |
|
|
$ |
— |
|
|
$ |
31,944 |
|
|
$ |
— |
|
|
$ |
(484 |
) |
|
$ |
31,460 |
|
|
|
December 31, 2020 |
|
|
Nine Months Ended
September 30, 2021 |
|
|
September 30, 2021 |
|
|
|
Gross Carrying Amount |
|
|
Additions |
|
|
Impairments |
|
|
Gross Carrying Amount |
|
|
Goodwill Impairments |
|
|
Accumulated Amortization |
|
|
Net Book Value |
|
Trademarks |
|
$ |
31,810 |
|
|
$ |
34,791 |
|
|
$ |
— |
|
|
$ |
66,601 |
|
|
$ |
— |
|
|
$ |
(4,801 |
) |
|
$ |
61,800 |
|
Non-competition agreement |
|
|
111 |
|
|
|
9 |
|
|
|
— |
|
|
|
120 |
|
|
|
— |
|
|
|
(28 |
) |
|
|
92 |
|
Transition services agreement |
|
|
23 |
|
|
|
— |
|
|
|
— |
|
|
|
23 |
|
|
|
— |
|
|
|
(23 |
) |
|
|
0 |
|
Customer relations |
|
|
— |
|
|
|
5,700 |
|
|
|
— |
|
|
|
5,700 |
|
|
|
— |
|
|
|
(237 |
) |
|
|
5,463 |
|
Total intangibles |
|
$ |
31,944 |
|
|
$ |
40,500 |
|
|
$ |
— |
|
|
$ |
72,444 |
|
|
$ |
— |
|
|
$ |
(5,089 |
) |
|
$ |
67,355 |
|
|