Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The following is a summary of the carrying amount of goodwill by reporting unit as of September 30, 2021:


	Wholesale						Net Carrying Amount
	Footwear		Accessories/ Apparel		Retail
Balance at January 1, 2021	$	91,097	$	62,688	$	14,480	$	168,265


Translation	(191)		—		(117)		(308)
Balance at September 30, 2021	$	90,906	$	62,688	$	14,363	$	167,957

Schedule of Indentifiable Intangible Assets

The following table details identifiable intangible assets as of September 30, 2021:


	Estimated Lives	Cost Basis		Accumulated Amortization		Currency Translation		Net Carrying Amount
Trade names	1–10 years	$	9,025	$	(8,962)	$	—	$	63
Customer relationships	10–20 years	38,680		(22,690)		(1,526)		14,464




		47,705		(31,652)		(1,526)		14,527
Re-acquired right	indefinite	35,200		—		(7,733)		27,467
Trademarks	indefinite	70,953		—		193		71,146
		$	153,858	$	(31,652)	$	(9,066)	$	113,140

The Company evaluates its goodwill and indefinite-lived intangible assets for indicators of impairment at least annually in the third quarter of each year or whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. A qualitative assessment of goodwill and certain indefinite-lived intangible assets was performed as of July 1, 2021. In conducting the qualitative impairment assessment for goodwill and indefinite-lived intangibles, the Company concluded that it is more likely than not that the fair values of its goodwill exceeded the carrying values of their respective reporting units and the fair values of its indefinite-lived intangibles exceeded their respective carrying values. Therefore, no impairment charges were recorded for goodwill and intangibles.

As a result of the COVID-19 pandemic and decline in the macroeconomic environment, the Company performed an interim impairment analysis as of March 31, 2020 that resulted in $9,518 of impairment charges, which is comprised of impairment charges of $8,615, $456 and $447 related to the Company's Cejon, GREATS and Jocelyn trademarks, respectively. An additional interim impairment analysis was conducted in the third quarter of 2020 that resulted in an impairment charge of $33,010, which is comprised of impairment charges of $18,410 and $14,600 related to the Company's Cejon and Report trademarks, respectively. These charges were recorded in impairment of intangibles in the Company’s Condensed Consolidated Statements of Income/(Loss).

During the nine months ended September 30, 2021 the Company sold one of its internally developed trademarks for $8,000. The gain from the sale of the trademark was recorded in operating expenses in the Company's Condensed Statements of Income/Loss.

Schedule of Intangible Assets, Future Amortization Expense

The estimated future amortization expense for intangibles as of September 30, 2021 is as follows:


2021 (remaining three months)	$	487
2022	1,718
2023	1,718
2024	1,718
2025	1,718
Thereafter	7,168
Total	$	14,527