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Note 10 - Identified Intangible Assets

3 Months Ended

Mar. 31, 2023

Intangible Assets Disclosure [Text Block]

10. IDENTIFIED INTANGIBLE ASSETS

A schedule of identified intangible assets is as follows:

	Gross		Accumulated		Carrying
($ in thousands)	Amount		Amortization		Amount
March 31, 2023
Trademarks
Wholesale ⁽¹⁾	$	69,439		-	$	69,439
Retail		9,220		-		9,220
Patents		895	$	831		64
Customer relationships (2)		41,659		5,666		35,993
Total Intangibles	$	121,213	$	6,497	$	114,716

⁽¹⁾ Servus tradenames were reduced from approximately $2.5 million to zero at March 30, 2023 as a result of the sale of the Servus brand (see Note 4).

⁽²⁾ Customer relationships relating to the Servus brand of approximately $4.3 million and related amortization of approximately $0.6 million was reduced to zero at March 30, 2023 as a result of the sale of the Servus brand (see Note 4).

	Gross		Accumulated		Carrying
($ in thousands)	Amount		Amortization		Amount
December 31, 2022
Trademarks
Wholesale ⁽¹⁾	$	71,979		-	$	71,979
Retail		9,220		-		9,220
Patents		895	$	826		69
Customer relationships (2)		46,006		5,492		40,514
Total Intangibles	$	128,100	$	6,318	$	121,782

(1) NEOS trademarks were reduced from approximately $0.6 million to zero at December 31, 2022 as a result of the sale of the NEOS brand (see Note 5).

(2) Customer relationships relating to the NEOS brand of approximately $0.9 million and related amortization of approximately $0.1 million was reduced to zero at December 31, 2022 as a result of the sale of the NEOS brand (see Note 5).

	Gross		Accumulated		Carrying
($ in thousands)	Amount		Amortization		Amount
March 31, 2022
Trademarks
Wholesale	$	72,579		-	$	72,579
Retail		9,220		-		9,220
Patents		895	$	810		85
Customer relationships		46,900		3,256		43,644
Total Intangibles	$	129,594	$	4,066	$	125,528

The weighted average life for our patents is 7.0 years.

A schedule of approximate amortization expense related to finite-lived intangible assets for the three months ended March 31, 2023 and 2022 is as follows:

	Three Months Ended
	March 31,
($ in thousands)	2023		2022
Amortization expense	$	780	$	787

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
2023	$	2,091
2024		2,785
2025		2,781
2026		2,778
2027		2,776
2028		2,772
2029+		20,074