Skechers U.S.A., Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

(3)	GOODWILL AND OTHER INTANGIBLE ASSETS

The Company evaluated the impairment of goodwill and other intangible assets. Based on the evaluation performed, no impairment loss was recorded for the goodwill and other intangible assets during the quarter ended March 31, 2020. As of March 31, 2020, the gross carrying amount of goodwill and other intangible assets was $138.1 million.

	March 31, 2020			December 31, 2019
Goodwill
Skechers Mexico	$	91,563		$	69,836
Others		1,934			1,576
Total goodwill		93,497			71,412

Other intangible assets
Reacquired rights		46,100			641
Customer relationships and other acquisition related		5,478			—
Others		13,290			13,290
Total gross carrying amount		64,868			13,931
Less: Accumulated amortization		(20,291	)		(13,066	)
Total other intangible assets, net		44,577			865
Total	$	138,074		$	72,277

The expected future amortization expense for other intangible assets were as follows (in thousands):

	March 31, 2020
2020 remaining months	$	5,154
2021		6,871
2022		6,871
2023		6,871
2024		6,871
Thereafter		11,939
Total	$	44,577