| GOODWILL AND INTANGIBLE ASSETS |
NOTE 5. GOODWILL AND INTANGIBLE ASSETS Goodwill Goodwill by segment as of September 30, 2026 and December 31, 2025 was as follows: | | | | | | | | | | | | Outdoor | | Adventure | | Total | | | | | | | | | | | Gross value of goodwill | | $ | 29,507 | | $ | 96,966 | | $ | 126,473 | Accumulated goodwill impairments adjusted for impact of foreign currency exchange rates | | | (29,507) | | | (96,966) | | | (126,473) | | | $ | - | | $ | - | | $ | - |
Indefinite-Lived Intangible Assets Trademarks classified as indefinite-lived intangible assets of $19,600 as of September 30, 2026 and December 31, 2025 were all related to the Black Diamond brand. Other Intangible Assets, net The following table summarizes the changes in gross other intangible assets: | | | | Gross balance at December 31, 2025 | | $ | 77,740 | | | | | Increase due to ONWRD Acquisition | | | 646 | Impact of foreign currency exchange rates | | | 4,454 | | | | | Gross balance at September 30, 2026 | | $ | 82,840 |
Other intangible assets, net of amortization as of September 30, 2026 and December 31, 2025, were as follows: | | | | | | | | | | | | | September 30, 2026 | | Gross | | Accumulated Amortization | | Net | | Weighted Average Useful Life | Intangibles subject to amortization | | | | | | | | | | | | Customer relationships | $ | 62,335 | | $ | (47,372) | | $ | 14,963 | | | 13.6 years | Product technologies | | 17,769 | | | (14,154) | | | 3,615 | | | 9.1 years | Tradenames | | 2,504 | | | (986) | | | 1,518 | | | 9.8 years | Non-compete agreements | | 232 | | | (85) | | | 147 | | | 5.0 years | | $ | 82,840 | | $ | (62,597) | | $ | 20,243 | | | 12.5 years | | | | | | | | | | | | |
| December 31, 2025 | | Gross | | Accumulated Amortization | | Net | | Weighted Average Useful Life | | | | | | | | | | | | | Customer relationships | $ | 59,197 | | $ | (41,439) | | $ | 17,758 | | | 13.7 years | Product technologies | | 15,943 | | | (11,862) | | | 4,081 | | | 9.3 years | Tradenames | | 2,368 | | | (628) | | | 1,740 | | | 9.6 years | Core technologies | | 232 | | | (50) | | | 182 | | | 5.0 years | | $ | 77,740 | | $ | (53,979) | | $ | 23,761 | | | 12.6 years |
Amortization expense for the three months ended September 30, 2026 and 2025, was $1,740 and $2,149, respectively, and for the nine months ended September 30, 2026 and 2025 was $5,583 and $6,586, respectively. Future amortization expense for other intangible assets as of September 30, 2026 is as follows: | | | | Years Ending December 31, | | Amortization Expense | 2026 (excluding the nine months ended September 30, 2026) | | $ | 1,742 | 2027 | | | 5,504 | 2028 | | | 3,947 | 2029 | | | 2,915 | 2030 | | | 2,031 | 2031 | | | 1,457 | Thereafter | | | 2,647 | | | $ | 20,243 |
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