Quarterly report [Sections 13 or 15(d)]

INTANGIBLE ASSETS AND GOODWILL

v3.26.1
INTANGIBLE ASSETS AND GOODWILL
 3 Months Ended
Apr. 04, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
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
March 2026
Finite-lived intangible assets:
Customer relationships 12 years Accelerated $ 37,061  $ 3,205  $ 33,856 
Indefinite-lived intangible assets:
Trademarks and trade names 416,350 
Intangible assets, net $ 450,206 
(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 $ 36,136  $ 2,198  $ 33,939 
Indefinite-lived intangible assets:
Trademarks and trade names 405,608 
Intangible assets, net $ 445,584 
On March 3, 2026, we sold the Rock & Republic® brand and associated business, including the trademark which had a net carrying amount of $6.0 million as of December 2025.
Goodwill
The following table presents changes in "goodwill" recorded in the Company's balance sheets, summarized by reportable segment:
(In thousands) Wrangler Helly Hansen Other Total
Balance, December 2025 $ 129,054  $ 316,929  $ 5,023  $ 451,006 
Currency translation (435) 8,504  136  8,205 
Balance, March 2026 $ 128,619  $ 325,433  $ 5,159  $ 459,211 
Goodwill associated with the Lee reporting unit is reflected in 'other assets of discontinued operations' in the Company's balance sheets for all periods presented.