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Note 9 - Identified Intangible Assets

9 Months Ended

Sep. 30, 2021

Intangible Assets Disclosure [Text Block]

9. IDENTIFIED INTANGIBLE ASSETS

A schedule of identified intangible assets is as follows:

	Gross		Accumulated		Carrying
($ in thousands)	Amount		Amortization		Amount
September 30, 2021
Trademarks
Wholesale ⁽¹⁾	$	72,592		-	$	72,592
Retail ⁽²⁾		9,220		-		9,220
Patents		895	$	797		98
Customer relationships ⁽³⁾		46,900		1,694		45,206
Total Intangibles	$	129,607	$	2,491	$	127,116

⁽¹⁾ $45.4 million of the total resulted from our Acquisition that occurred on March 15, 2021.

⁽²⁾ $6.3 million of the total resulted from our Acquisition that occurred on March 15, 2021.

⁽³⁾ Resulted from our Acquisition that occurred on March 15, 2021.

	Gross		Accumulated		Carrying
($ in thousands)	Amount		Amortization		Amount
December 31, 2020
Trademarks
Wholesale	$	27,192	$	-	$	27,192
Retail		2,900		-		2,900
Patents		895		778		117
Total Intangibles	$	30,987	$	778	$	30,209

	Gross		Accumulated		Carrying
($ in thousands)	Amount		Amortization		Amount
September 30, 2020
Trademarks
Wholesale	$	27,192		-	$	27,192
Retail		2,900		-		2,900
Patents		895	$	771		124
Total Intangibles	$	30,987	$	771	$	30,216

The weighted average life for our patents is 3.1 years.

A schedule of approximate amortization expense related to finite-lived intangible assets for the three and nine months ended September 30, 2021 and 2020 is as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
($ in thousands)	2021		2020		2021		2020
Amortization expense	$	788	$	8	$	1,713	$	24

Updated to include the amortization of our acquired intangible assets, a schedule of approximate expected remaining amortization expense related to finite-lived intangible assets for the years ending December 31, is as follows:

	Amortization
($ in thousands)	Expense
2021	$	788
2022		3,149
2023		3,147
2024		3,143
2025		3,139
2026+		31,938