Goodwill and Other Intangible Assets

12 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The Company’s goodwill and other intangible assets are recorded in the consolidated balance sheets, as follows:



	As of March 31,
	2020			2019
Goodwill
UGG brand	$	6,101		$	6,101
HOKA brand	7,889			7,889
Total goodwill	13,990			13,990
Other intangible assets
Indefinite-lived intangible assets
Trademarks	15,454			15,454
Definite-lived intangible assets
Trademarks	55,245			55,245
Other	51,738			51,981
Total gross carrying amount	106,983			107,226
Accumulated amortization	(74,421		)	(71,186		)
Net definite-lived intangible assets	32,562			36,040
Total other intangible assets, net	48,016			51,494
Total	$	62,006		$	65,484

The weighted-average amortization period for definite-lived intangible assets was 16 years for the years ended March 31, 2020 and 2019, respectively. Intangible assets consist primarily of indefinite-lived trademarks and definite-lived trademarks, customer and distributor relationships, patents, lease rights, and non-compete agreements arising from the application of purchase accounting. Goodwill is allocated to the wholesale reportable operating segments of the brands described above.

Annual Impairment Assessment. During the years ended March 31, 2020, 2019, and 2018, the Company evaluated the goodwill for impairment at the reporting unit level for the UGG and HOKA brands wholesale reportable operating segment as of December 31st and evaluated its Teva indefinite-lived trademarks as of October 31st, and based on the evaluation performed, no impairment loss was recorded for the goodwill and indefinite-lived intangible assets. As of March 31, 2020 and 2019, the gross carrying amount of goodwill was $143,765 and the accumulated impairment losses were $129,775. The Company did not identify any definite-lived intangible asset impairments during the years ended March 31, 2020, 2019, and 2018.

Amortization Expense. A reconciliation of the changes in total other intangible assets in the consolidated balance sheets, are as follows:



	Amounts
Balance, March 31, 2018	$	57,850
Amortization expense	(6,235		)
Foreign currency translation net loss	(121		)
Balance, March 31, 2019	51,494
Amortization expense	(3,470		)
Foreign currency translation net loss	(8		)
Balance, March 31, 2020	$	48,016

Expected amortization expense for amortizable intangible assets subsequent to March 31, 2020 is as follows:



Years Ending March 31,	Amounts
2021	$	2,527
2022	2,513
2023	2,450
2024	2,430
2025	2,276
Thereafter	20,366
Total	$	32,562