Goodwill And Other Intangible Assets |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Goodwill And Other Intangible Assets [Abstract] | |
| Goodwill And Other Intangible Assets | NOTE 5. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The following table summarizes the changes in goodwill by segment: Outdoor Precision Sport Adventure Total Balance at December 31, 2019$ - $ 18,090 $ - $ 18,090 Increase due to acquisition of Barnes - 8,625 - 8,625 Balance at December 31, 2020$ - $ 26,715 $ - $ 26,715 Increase due to acquisitions of Rhino-Rack and MAXTRAX - - 92,805 92,805Impact of foreign currency exchange rates - - (1,430) (1,430) Balance at December 31, 2021$ - $ 26,715 $ 91,375 $ 118,090 Indefinite-Lived Intangible Assets The following table summarizes the changes in indefinite-lived intangible assets: Balance at December 31, 2020$ 47,523 Increase due to acquisitions of Rhino-Rack and MAXTRAX 83,355Impact of foreign currency exchange rates (2,607) Balance at December 31, 2021$ 128,271 Trademarks classified as indefinite-lived intangible assets by brand as of December 31, 2021 and 2020, were as follows: December 31, 2021 December 31, 2020Black Diamond$ 19,600 $ 19,600PIEPS 3,166 3,423Sierra 18,900 18,900Barnes 5,600 5,600Rhino-Rack 70,278 –MAXTRAX 10,727 – $ 128,271 $ 47,523 Other Intangible Assets, net The following table summarizes the changes in gross other intangible assets: Gross balance at December 31, 2020$ 40,840 Increase due to acquisitions of Rhino-Rack and MAXTRAX 65,741Impact of foreign currency exchange rates (1,900) Gross balance at December 31, 2021$ 104,681 Other intangible assets, net of amortization as of December 31, 2021 and 2020, were as follows: December 31, 2021 Gross Accumulated Amortization Net Weighted Average Useful LifeIntangibles subject to amortization Customer relationships$ 80,078 $ (23,804) $ 56,274 13.8 yearsProduct technologies 22,393 (5,557) 16,836 10.2 yearsTradename / trademark 1,263 (690) 573 9.4 yearsCore technologies 947 (947) - 10.0 years $ 104,681 $ (30,998) $ 73,683 12.9 years December 31, 2020 Gross Accumulated Amortization Net Weighted Average Useful Life Customer relationships$ 31,930 $ (16,783) $ 15,147 14.2 yearsProduct technologies 6,700 (3,151) 3,549 11.5 yearsTradename / trademark 1,263 (543) 720 9.4 yearsCore technologies 947 (947) - 10.0 years $ 40,840 $ (21,424) $ 19,416 13.5 years Amortization expense for the years ended December 31, 2021, 2020, and 2019, was $9,834, $4,070, and $3,552, respectively. Future amortization expense for other intangible assets as of December 31, 2021 is as follows: Years Ending December 31,Amortization Expense2022$ 15,7892023 13,3842024 11,2662025 9,1132026 7,012Thereafter 17,119 $ 73,683 |