Annual report [Section 13 and 15(d), not S-K Item 405]

INTANGIBLE ASSETS (Tables)

v3.25.4
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Jan. 03, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets
The following tables present components of "intangible assets, net" recorded in the Company's balance sheets:
(In thousands)
Amortization Period
 Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2025
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 52,095  $ 6,037 
Customer relationships 12 years Accelerated $ 36,209  $ 2,218  $ 33,991 
Indefinite-lived intangible assets:
Trademarks and trade names 410,389 
Intangible assets, net $ 450,417 
The Helly Hansen® and Musto® trademarks acquired in 2025, which management believes to have indefinite lives, were valued at $400.0 million and $4.0 million, respectively. In addition, the acquired customer relationships were initially valued at $36.0 million and are being amortized using an accelerated method over a 12-year period. Refer to Note 2 for additional information.
(In thousands)
Amortization Period
 Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2024
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 51,089  $ 7,043 
Indefinite-lived intangible assets:
Trademarks and trade names 4,189 
Intangible assets, net $ 11,232 
Schedule of Finite-Lived Intangible Assets
The following tables present components of "intangible assets, net" recorded in the Company's balance sheets:
(In thousands)
Amortization Period
 Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2025
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 52,095  $ 6,037 
Customer relationships 12 years Accelerated $ 36,209  $ 2,218  $ 33,991 
Indefinite-lived intangible assets:
Trademarks and trade names 410,389 
Intangible assets, net $ 450,417 
The Helly Hansen® and Musto® trademarks acquired in 2025, which management believes to have indefinite lives, were valued at $400.0 million and $4.0 million, respectively. In addition, the acquired customer relationships were initially valued at $36.0 million and are being amortized using an accelerated method over a 12-year period. Refer to Note 2 for additional information.
(In thousands)
Amortization Period
 Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2024
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 51,089  $ 7,043 
Indefinite-lived intangible assets:
Trademarks and trade names 4,189 
Intangible assets, net $ 11,232