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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Intangible Assets [Abstract]  
Summary of Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

    

Useful Lives

    

 Carrying

    

Accumulated

    

Net Carrying

June 30, 2019

 

(Years)

 

Amount

 

Amortization

 

Amount

 

 

 

 

(in thousands)

Finite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

  

Trademarks

 

5 - 15

 

$

12,468

 

$

(3,600)

 

$

8,868

Customer agreements

 

4

 

 

2,200

 

 

(2,191)

 

 

 9

Patents

 

10

 

 

361

 

 

(325)

 

 

36

 

 

  

 

$

15,029

 

$

(6,116)

 

 

8,913

Indefinite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

 

Trademarks

 

  

 

 

  

 

 

  

 

 

625,024

Intangible assets, net

 

  

 

 

  

 

 

  

 

$

633,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

2,200

 

 

(2,147)

 

 

53

Patents

 

10

 

 

361

 

 

(321)

 

 

40

 

 

  

 

$

14,999

 

$

(5,157)

 

 

9,842

Indefinite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

  

Trademarks

 

  

 

 

  

 

 

  

 

 

624,985

Intangible assets, net

 

  

 

 

  

 

 

  

 

$

634,827

 

Summary of Future Annual Estimated Amortization Expense

 

Estimated future annual amortization expense for intangible assets in service as of June 30, 2019 is summarized as follows:

 

 

 

 

Years Ended June 30, 

    

(in thousands)

Remainder of 2019

 

$

924

2020

 

 

1,836

2021

 

 

1,833

2022

 

 

1,811

2023

 

 

1,385

Thereafter

 

 

1,124

 

 

$

8,913