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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2019
Intangible Assets [Abstract]  
Summary of Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

    

Useful Lives

    

 Carrying

    

Accumulated

    

Net Carrying

March 31, 2019

 

(Years)

 

Amount

 

Amortization

 

Amount

 

 

 

 

(in thousands)

Finite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

  

Trademarks

 

5 - 15

 

$

12,452

 

$

(3,144)

 

$

9,308

Customer agreements

 

4

 

 

2,832

 

 

(2,717)

 

 

115

Patents

 

10

 

 

361

 

 

(323)

 

 

38

 

 

  

 

$

15,645

 

$

(6,184)

 

 

9,461

Indefinite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

 

Trademarks

 

  

 

 

  

 

 

  

 

 

793,733

Intangible assets, net

 

  

 

 

  

 

 

  

 

$

803,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

    

Useful Lives

    

 Carrying

    

Accumulated

    

Net Carrying

December 31, 2018

 

(Years)

 

Amount

 

Amortization

 

Amount

 

 

 

 

(in thousands)

Finite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

  

Trademarks

 

5 - 15

 

$

12,438

 

$

(2,689)

 

$

9,749

Customer agreements

 

4

 

 

2,832

 

 

(2,639)

 

 

193

Patents

 

10

 

 

361

 

 

(321)

 

 

40

 

 

  

 

$

15,631

 

$

(5,649)

 

 

9,982

Indefinite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

  

Trademarks

 

  

 

 

  

 

 

  

 

 

954,929

Intangible assets, net

 

  

 

 

  

 

 

  

 

$

964,911

 

Summary of Future Annual Estimated Amortization Expense

Estimated future annual amortization expense for intangible assets in service as of March 31, 2019 is summarized as follows:

 

 

 

 

Years Ended December 31, 

    

(in thousands)

2019

 

$

1,485

2020

 

 

1,834

2021

 

 

1,831

2022

 

 

1,808

2023

 

 

1,383

Thereafter

 

 

1,120

 

 

$

9,461

 

Schedule of Indefinite-lived Assets

 

 

 

 

 

Balance at January 1, 2019

    

$

964,911

Impairment charges

 

 

(161,224)

Amortization

 

 

(535)

Additions

 

 

42

Balance at March 31, 2019

 

$

803,194