Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The changes in goodwill are as follows:
December 31,
2022
December 31,
2021
Balance, beginning of period $ 125,401  $ 62,951 
Goodwill additions and measurement period adjustments 7,234  62,450 
Impairment (116,657) — 
Balance, end of period $ 15,978  $ 125,401 
The goodwill balance and impairment by segment are as follows:
Retail E-commerce Distribution and other Total
Gross carrying value December 31, 2020 $ 55,181  $ 2,911  $ 4,859  $ 62,951 
Acquisitions & measurement period adjustments 46,630  8,748  7,072  62,450 
Gross carrying value December 31, 2021 101,811  11,659  11,931  125,401 
Acquisitions & measurement period adjustments 1,418  (341) 6,157  7,234 
Gross carrying value, December 31, 2022 $ 103,229  $ 11,318  $ 18,088  $ 132,635 
Accumulated impairment losses December 31, 2020 $ —  $ —  $ —  $ — 
Impairment —  —  —  — 
Accumulated impairment losses December 31, 2021 —  —  —  — 
Impairment (103,094) (9,848) (3,715) (116,657)
Accumulated impairment losses December 31, 2022 $ (103,094) $ (9,848) $ (3,715) $ (116,657)
Net carrying value at December 31, 2021 $ 101,811  $ 11,659  $ 11,931  $ 125,401 
Net carrying value at December 31, 2022 $ 135  $ 1,470  $ 14,373  $ 15,978 
Schedule of intangible assets
A summary of intangible assets as of follows:
Weighted-Average
Amortization Period
of Intangible Assets
as of December 31, 2022
(in years)
Tradenames 3.18 years
Patents, trademarks 3.09 years
Customer relationships 4.50 years
Non-competes 1.90 years
Intellectual property 3.16 years
Total 3.37 years
Intangible assets on the Company’s consolidated balance sheets consist of the following:
December 31, 2022 December 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Tradenames $ 28,774  $ (10,693) $ 18,081  $ 28,300  $ (4,948) $ 23,352 
Patents, trademarks 389  (56) 333  100  (42) 58 
Customer relationships 17,102  (6,501) 10,601  25,175  (3,055) 22,120 
Non-competes 932  (551) 381  1,384  (233) 1,151 
Intellectual property 2,065  (758) 1,307  2,065  (344) 1,721 
Total $ 49,262  $ (18,559) $ 30,703  $ 57,024  $ (8,622) $ 48,402 
Intangibles and impairment by segment are as follows:

Retail E-commerce Distribution and other Total
Gross carrying value December 31, 2020 $ 17,635  $ —  $ 3,481  $ 21,116 
Acquisitions & measurement period adjustments 20,190  2,501  13,217  35,908 
Gross carrying value December 31, 2021 37,825  2,501  16,698  57,024 
Acquisitions & measurement period adjustments 230  —  3,182  3,412 
Gross carrying value, December 31, 2022 $ 38,055  $ 2,501  $ 19,880  $ 60,436 
Accumulated amortization December 31, 2020 $ (540) $ —  $ (27) $ (567)
Amortization (5,745) (354) (1,956) (8,055)
Accumulated amortization December 31, 2021 (6,285) (354) (1,983) (8,622)
Amortization (5,897) (460) (3,580) (9,937)
Accumulated amortization December 31, 2022 $ (12,182) $ (814) $ (5,563) $ (18,559)
Accumulated impairment losses December 31, 2020 $ —  $ —  $ —  $ — 
Impairments —  —  —  — 
Accumulated impairment losses December 31, 2021 —  —  —  — 
Impairments (11,079) (95) —  (11,174)
Accumulated impairment losses December 31, 2022 $ (11,079) $ (95) $ —  $ (11,174)
Net carrying value at December 31, 2021 $ 31,540  $ 2,147  $ 14,715  $ 48,402 
Net carrying value at December 31, 2022 $ 14,794  $ 1,592  $ 14,317  $ 30,703 
Schedule of future amortization expense
Future amortization expense is as follows:
2023 $ 8,929 
2024 8,813 
2025 8,295 
2026 3,532 
2027 1,101 
Thereafter 33 
Total $ 30,703