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Note 9 - Identified Intangible Assets

6 Months Ended

Jun. 30, 2022

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
June 30, 2022
Trademarks
Wholesale ⁽¹⁾	$	72,579		-	$	72,579
Retail ⁽²⁾		9,220		-		9,220
Patents		895	$	815		80
Customer relationships ⁽³⁾		46,900		4,039		42,861
Total Intangibles	$	129,594	$	4,854	$	124,740

⁽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, 2021
Trademarks
Wholesale ⁽¹⁾	$	72,579		-	$	72,579
Retail ⁽²⁾		9,220		-		9,220
Patents		895	$	804		91
Customer relationships ⁽³⁾		46,900		2,475		44,425
Total Intangibles	$	129,594	$	3,279	$	126,315

	Gross		Accumulated		Carrying
($ in thousands)	Amount		Amortization		Amount
June 30, 2021
Trademarks
Wholesale ⁽¹⁾	$	72,592		-	$	72,592
Retail ⁽²⁾		9,220		-		9,220
Patents		895	$	791		104
Customer relationships ⁽³⁾		46,900		912		45,988
Total Intangibles	$	129,607	$	1,703	$	127,904

⁽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.

The weighted average life for our patents is 7.3 years.

A schedule of approximate amortization expense related to finite-lived intangible assets for the three and six months ended June 30, 2022 and 2021 is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
($ in thousands)	2022		2021		2022		2021
Amortization expense	$	788	$	918	$	1,575	$	925

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
2022	$	1,574
2023		3,147
2024		3,143
2025		3,139
2026		3,136
2027		3,134
2028+		25,668