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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Components of Intangible Assets Included in Wholesale Segment

The Company’s intangible assets, all of which are included in the U.S. Wholesale and International segments, consist of the following (in thousands):

 

     Year Ended December 31,  
     2016      2015  
     Gross      Accumulated
Amortization
    Net      Gross      Accumulated
Amortization
    Net  

Goodwill

   $ 14,201      $ —       $ 14,201      $ 18,101      $ —       $ 18,101  

Indefinite-lived intangible assets:

               

Trade names

     7,616        —         7,616        7,616        —         7,616  

Finite-lived intangible assets:

               

Licenses

     15,847        (8,919     6,928        15,847        (8,462     7,385  

Trade names

     31,150        (8,286     22,864        29,724        (6,818     22,906  

Customer relationships

     49,372        (12,188     37,184        50,823        (10,806     40,017  

Other

     1,266        (840     426        1,202        (634     568  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 119,452      $ (30,233   $ 89,219      $ 123,313      $ (26,720   $ 96,593  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Summary of Activities Relating to Intangible Assets

A summary of the activities related to the Company’s intangible assets for the years ended December 31, 2016, 2015 and 2014 consists of the following (in thousands):

 

     Intangible
Assets
     Goodwill      Total Intangible
Assets and
Goodwill
 

Goodwill and Intangible Assets, December 31, 2013

   $ 50,064      $ 5,085      $ 55,149  

Acquisition of trade names

     12,348        —          12,348  

Acquisition of customer relationships

     32,417        —          32,417  

Acquisition of other intangible assets

     618        —          618  

Goodwill from Kitchen Craft acquisition

     —          13,016        13,016  

Impairment of trade names

     (3,384      —          (3,384

Amortization

     (6,567      —          (6,567
  

 

 

    

 

 

    

 

 

 

Goodwill and Intangible Assets, December 31, 2014

     85,496        18,101        103,597  

Amortization

     (7,004      —          (7,004
  

 

 

    

 

 

    

 

 

 

Goodwill and Intangible Assets, December 31, 2015

     78,492        18,101        96,593  

Acquisition of trade names

     5,159        —          5,159  

Acquisition of customer relationships

     8,878        —          8,878  

Acquisition of other intangible assets

     50        —          50  

Foreign currency translation adjustment

     (11,400      (3,900      (15,300

Amortization

     (6,161      —          (6,161
  

 

 

    

 

 

    

 

 

 

Goodwill and Intangible Assets, December 31, 2016

   $ 75,018      $ 14,201      $ 89,219  
  

 

 

    

 

 

    

 

 

 
Weighted Average Amortization Periods for Finite Lived Intangible Assets

The weighted-average amortization periods for the Company’s finite-lived intangible assets as of December 31, 2016 are as follows:

 

     Years  

Trade names

     14  

Licenses

     33  

Customer relationships

     13  

Other

     11  
Estimated Amortization Expense

Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands):

 

Year ending December 31,

  

2017

   $ 6,669  

2018

     6,669  

2019

     6,669  

2020

     6,654  

2021

     6,176