XML 28 R14.htm IDEA: XBRL DOCUMENT v3.22.4
GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETSDefinite-Lived Intangible Assets. The Company has a definite-lived intangible asset which was acquired as a result of the Merger. The distributor relationships have a carrying value of $37,778, net of accumulated amortization of $3,622. The distributor relationships have a useful life of 20 years. The amortization expense for the years ended December 31, 2022 and 2021 was $2,070 and $1,552, respectively.
As of December 31, 2022, the expected future amortization expense related to definite-lived intangibles assets are as follows:

2023$2,070 
20242,070 
20252,070 
20262,070 
20272,070 
Thereafter27,428 
Total$37,778 
Goodwill and Indefinite-Lived Intangible Assets. The Company records goodwill and indefinite-lived intangible assets in connection with various acquisitions of businesses and allocates the goodwill and indefinite-lived intangible assets to its respective reporting units. The carrying amount of goodwill, which relates to the Branded Spirits segment was $226,294 at both December 31, 2022 and 2021. The carrying amount of indefinite-lived intangible assets, which relates to the Branded Spirits segment was $178,990 at both December 31, 2022 and 2021.