Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

v3.22.4
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following tables present components of "intangible assets, net" recorded in the Company's balance sheets:
(In thousands) Weighted Average Amortization Period Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2022
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 49,077  $ 9,055 
Indefinite-lived intangible assets:
Trademarks and trade names 4,306 
Intangible assets, net $ 13,361 
(In thousands) Weighted Average Amortization Period Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2021
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 48,071  $ 10,061 
Indefinite-lived intangible assets:
Trademarks and trade names 4,577 
Intangible assets, net $ 14,638 
Refer to Note 13 to the Company's financial statements for information on the related fair value considerations.
Amortization expense was $1.0 million, $1.0 million and $1.7 million for 2022, 2021 and 2020, respectively.
Estimated amortization expense for the next five years is $1.0 million each year.