Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Other Intangible Assets

The rollforward of goodwill was as follows (in thousands):



	Direct			Retail			Total
Balance, January 1, 2018	$	2,335		$	59,695		$	62,030
Currency exchange rate adjustment	(185		)	5			(180		)
Business acquisition	1,602			—			1,602
Balance, December 31, 2018	3,752			59,700			63,452
Currency exchange rate adjustment	55			—			55
Goodwill impairment charge	(3,807		)	(59,700		)	(63,507		)
Balance, June 30, 2019	$	—		$	—		$	—

In accordance ASC 350 — Intangibles — Goodwill and Other, we perform a goodwill and indefinite-lived asset impairment evaluation during the fourth quarter of each year. However, as a result of the decline in our market value relative to the market and our industry, identified as a triggering event, we performed an interim evaluation and a market capitalization reconciliation during the second quarter of 2019, which resulted in a non-cash goodwill and indefinite-lived intangible assets impairment charge of $72.0 million, $63.5 million and $8.5 million respectively.

Other Intangible Assets

Other intangible assets consisted of the following (in thousands):



	Estimated Useful Life (in years)			As of
	Estimated Useful Life (in years)			June 30, 2019			December 31, 2018
Indefinite-lived trademarks⁽¹⁾	N/A			$	14,752		$	23,252
Definite-lived trademarks	5	to	15	2,850			2,850
Patents	7	to	24	14,243			14,243
Customer relationships	10	to	15	24,700			24,700
				56,545			65,045
Accumulated amortization - definite-lived intangible assets				(11,689		)	(9,805		)
Other intangible assets, net				$	44,856		$	55,240

⁽¹⁾ During the second quarter of 2019, we identified impairment indicators with our indefinite-lived trademarks resulting in an $8.5 million non-cash intangible impairment charge.

Amortization Expense

Amortization expense was as follows (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Amortization expense	$	1,074	$	785	$	1,884	$	1,595

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization of definite-lived intangible assets is as follows (in thousands):



Remainder of 2019	$	1,610
2020	3,198
2021	3,168
2022	3,168
2023	3,168
Thereafter	15,792
	$	30,104