Quarterly report [Sections 13 or 15(d)]

INTANGIBLE ASSETS AND GOODWILL

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INTANGIBLE ASSETS AND GOODWILL
 6 Months Ended
Jul. 04, 2026
Intangible Asset, Goodwill and Other [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
June 2026
Finite-lived intangible assets:
Customer relationships 12 years Accelerated $ 36,943  $ 4,124  $ 32,819 
Indefinite-lived intangible assets:
Trademarks and trade names $ 414,909 
Intangible assets, net $ 447,728 
(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 (706) 7,373  168  6,835 
Measurement period adjustments —  3,215  —  3,215 
Balance, June 2026 $ 128,348  $ 327,517  $ 5,191  $ 461,056 
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.
Refer to Note 11 to the Company's financial statements in this Form 10-Q for information on the related fair value considerations.