PLBY Group, Inc. - S-1 filing on 2021-06-07

Trademarks, Trade Name, Other Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2021

Trademarks, Trade Name, Other Intangible Assets and Goodwill

Schedule of Finite-Lived Intangible Assets

The following table sets forth amortizable other intangible assets, net (in thousands):


	Weighted-	Gross				Net
	Average Life	Carrying		Accumulated		Carrying
	(Years)	Amount		Amortization		Amount
March 31, 2021
Trade names	10	$	9,430	$	(168)	$	9,262
Distribution agreements	15		3,720		(2,500)		1,220
Photo and magazine archives	10		2,000		(2,000)		—
Customer list	10		1,180		(148)		1,032
Total		$	16,330	$	(4,816)	$	11,514


	Weighted-	Gross				Net
	Average Life	Carrying		Accumulated		Carrying
	(Years)	Amount		Amortization		Amount
December 31, 2020
Distribution agreements	15	$	3,720	$	(2,438)	$	1,282
Photo and magazine archives	10		2,000		(1,967)		33
Licensing agreements	9		5,913		(5,913)		—
Customer list	10		1,180		(118)		1,062
Total		$	12,813	$	(10,436)	$	2,377

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of March 31, 2021, expected amortization expense relating to definite-lived intangible assets for each of the next five years and thereafter is as follows (in thousands):


Remainder of 2021	$	983
2022		1,309
2023		1,309
2024		1,309
2025		1,309
Thereafter		5,295
Total	$	11,514

Schedule of Goodwill

The following table sets forth our activity with respect to goodwill (in thousands):


Balance at December 31, 2020	$	504
Acquisition of TLA		18,731
Balance at March 31, 2021	$	19,235