v3.26.1
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
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, 20251,655 403,034 404,689 
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 
Schedule of Intangible Assets, Net
‘Intangible assets, net’ reported in the condensed consolidated balance sheets consist of the following:
June 30, 2026December 31, 2025
Gross
Accumulated Amortization
Accumulated
Impairment
NetGross
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 trademarks10,783 (4,490)— 6,293 9,767 (4,240)— 5,527 
Intangible assets not subject to amortization:
HEYDUDE trademark1,570,000 — (430,000)1,140,000 1,570,000 — (430,000)1,140,000 
In progress
5,720 — — 5,720 2,676 — — 2,676 
Other828 — — 828 773 — — 773 
  Total
$1,944,086 $(196,379)$(430,000)$1,317,707 $1,939,170 $(184,490)$(430,000)$1,324,680