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

6 Months Ended

Jun. 30, 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 June 30, 2020. As of June 30, 2020, the net carrying amount of goodwill and other intangible assets was $136.7 million.

	June 30, 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		13,364			13,290
Total gross carrying amount		64,942			13,931
Less: Accumulated amortization		(21,766	)		(13,066	)
Total other intangible assets, net		43,176			865
Total	$	136,673		$	72,277

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

	June 30, 2020
2020 remaining months	$	3,437
2021		6,871
2022		6,871
2023		6,871
2024		6,871
Thereafter		12,255
Total	$	43,176