| Schedule of Goodwill |
The changes in goodwill for the six months ended June 30, 2026, were: | | | | | | | | | | | | | | | | | | | Goodwill | | Crocs Brand | | HEYDUDE Brand | | Total | | (in thousands) | | Gross goodwill at December 31, 2025 | $ | 2,424 | | | $ | 710,034 | | | $ | 712,458 | | Accumulated impairment | (769) | | | (307,000) | | | (307,769) | | | Net goodwill at December 31, 2025 | 1,655 | | | 403,034 | | | 404,689 | | | | | | | | Changes during the six months ended June 30, 2026: | | | | | | Foreign currency translation | (46) | | | — | | | (46) | | | | | | | | | | | | | | Gross goodwill at June 30, 2026 | 2,378 | | | 710,034 | | | 712,412 | | Accumulated impairment | (769) | | | (307,000) | | | (307,769) | | Net goodwill at June 30, 2026 | $ | 1,609 | | | $ | 403,034 | | | $ | 404,643 | |
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| Schedule of Intangible Assets, Net |
‘Intangible assets, net’ reported in the condensed consolidated balance sheets consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Gross | | Accumulated Amortization | | Accumulated Impairment | | Net | | Gross | | Accumulated Amortization | | Accumulated Impairment | | Net | | (in thousands) | | Intangible assets subject to amortization: | | | | | | | | | | | | | | | | Capitalized software | $ | 146,755 | | | $ | (130,639) | | | $ | — | | | $ | 16,116 | | | $ | 145,954 | | | $ | (126,000) | | | $ | — | | | $ | 19,954 | | Customer relationships | 210,000 | | | (61,250) | | | — | | | 148,750 | | | 210,000 | | | (54,250) | | | — | | | 155,750 | | | Patents, copyrights, and trademarks | 10,783 | | | (4,490) | | | — | | | 6,293 | | | 9,767 | | | (4,240) | | | — | | | 5,527 | | | Intangible assets not subject to amortization: | | | | | | | | | | | | | | | | | HEYDUDE trademark | 1,570,000 | | | — | | | (430,000) | | | 1,140,000 | | | 1,570,000 | | | — | | | (430,000) | | | 1,140,000 | | In progress | 5,720 | | | — | | | — | | | 5,720 | | | 2,676 | | | — | | | — | | | 2,676 | | | Other | 828 | | | — | | | — | | | 828 | | | 773 | | | — | | | — | | | 773 | | Total | $ | 1,944,086 | | | $ | (196,379) | | | $ | (430,000) | | | $ | 1,317,707 | | | $ | 1,939,170 | | | $ | (184,490) | | | $ | (430,000) | | | $ | 1,324,680 | |
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