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INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2020
Intangible Assets [Abstract]  
Summary of Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

    

Useful Lives

    

 Carrying

    

Accumulated

    

Net Carrying

March 31, 2020

 

(Years)

 

Amount

 

Amortization

 

Amount

 

 

 

 

(in thousands)

Finite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

  

Trademarks

 

5 - 15

 

$

95,613

 

$

(8,435)

 

$

87,178

Customer agreements

 

4

 

 

2,200

 

 

(2,199)

 

 

 1

Patents

 

10

 

 

95

 

 

(66)

 

 

29

 

 

  

 

$

97,908

 

$

(10,700)

 

 

87,208

Indefinite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

 

Trademarks

 

  

 

 

  

 

 

  

 

 

411,950

Intangible assets, net

 

  

 

 

  

 

 

  

 

$

499,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

    

Useful Lives

    

 Carrying

    

Accumulated

    

Net Carrying

December 31, 2019

 

(Years)

 

Amount

 

Amortization

 

Amount

 

 

 

 

(in thousands)

Finite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

  

Trademarks

 

5 - 15

 

$

12,491

 

$

(4,515)

 

$

7,976

Customer agreements

 

4

 

 

2,200

 

 

(2,198)

 

 

 2

Patents

 

10

 

 

95

 

 

(64)

 

 

31

 

 

  

 

$

14,786

 

$

(6,777)

 

 

8,009

Indefinite-lived intangible assets:

 

  

 

 

  

 

 

  

 

 

  

Trademarks

 

  

 

 

  

 

 

  

 

 

591,958

Intangible assets, net

 

  

 

 

  

 

 

  

 

$

599,967

 

Summary of Future Annual Estimated Amortization Expense

 

Estimated future annual amortization expense for intangible assets in service as of March 31, 2020 is summarized as follows:

 

 

 

 

Years Ended December 31, 

    

(in thousands)

Remainder of 2020

 

$

11,769

2021

 

 

15,690

2022

 

 

15,668

2023

 

 

15,243

2024

 

 

14,178

Thereafter

 

 

14,660

 

 

$

87,208