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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of the Company's Outstanding Borrowings The carrying value and fair value of our borrowing instruments as of September 30, 2025 and December 31, 2024, were:
September 30, 2025December 31, 2024
Carrying ValueFair ValueCarrying ValueFair Value
(in thousands)
Term Loan B Facility$500,000 $502,813 $500,000 $503,125 
2029 Notes350,000 335,909 350,000 323,780 
2031 Notes350,000 320,973 350,000 305,610 
Revolving Facility152,000 152,000 190,000 190,000 
Schedule of Fair Value Measurements, Nonrecurring
The fair values of these assets were determined based on Level 3 measurements, including estimates of the amount and timing of future cash flows based upon historical experience, expected market conditions, and management’s plans. We recorded impairments within ‘Goodwill impairment’ and ‘Asset impairments’ in our condensed consolidated statements of operations as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(in thousands)
Indefinite-lived trademark impairment (1)
$— $— $430,000 $— 
Goodwill impairment (1)
— — 307,000 — 
Information technology systems impairment (2)
— — 1,115 18,172 
Right-of-use assets impairment (3)
— — — 5,909 
Total asset impairments$— $— $738,115 $24,081 
(1) During the nine months ended September 30, 2025, we recognized impairment charges of $430.0 million and $307.0 million related to our indefinite-lived HEYDUDE trademark and HEYDUDE Brand reporting unit goodwill, respectively. Refer to Note 3 — Goodwill and Intangible Assets, Net for additional information.
(2) During the nine months ended September 30, 2025, we recognized an impairment of $1.1 million related to the discontinuation of an information technology project. During the nine months ended September 30, 2024, we recognized an impairment charge for information technology systems related to the HEYDUDE integration of $17.4 million to prepaid assets and $0.8 million to intangible assets.
(3) During the nine months ended September 30, 2024, we recognized an impairment of $5.5 million for our former HEYDUDE Brand warehouses in Las Vegas, Nevada, and $0.4 million for our former Crocs Brand warehouse in Oudenbosch, the Netherlands.