YETI Holdings Inc

For the period ended Dec 30, 2023. Filed Feb 26, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 26, 2024

YETI$45.83+1.9%Stored close · as of Nov 9, 2026

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Contents

6. Intangible Assets

INTANGIBLE ASSETS

Intangible assets consisted of the following at the dates indicated below (dollars in thousands):

	December 30, 2023
	Useful Life	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Tradename	Indefinite	$31,363	$—	$31,363
Trade dress	Indefinite	16,707	—	16,707
Trademarks	Indefinite	33,850	—	33,850
Customer relationships	11 years	42,205	(42,205)	—
Trademarks	6 - 30 years	22,323	(11,939)	10,384
Patents	4 - 25 years	28,803	(4,041)	24,762
Other intangibles	15 years	1,049	(486)	563
Total intangible assets		$176,300	$(58,671)	$117,629

	December 31, 2022
	Useful Life	Gross Carrying Amount	AccumulatedAmortization	Net Carrying Amount
Tradename	Indefinite	$31,363	$—	$31,363
Trade dress	Indefinite	14,079	—	14,079
Trademarks	Indefinite	21,745	—	21,745
Customer relationships	11 years	42,205	(40,457)	1,748
Trademarks	6 - 30 years	21,574	(9,834)	11,740
Patents	4 - 25 years	20,810	(2,682)	18,128
Other intangibles	15 years	1,047	(421)	626
Total intangible assets		$152,823	$(53,394)	$99,429

Amortization expense was $5.3 million, $6.9 million, and $6.4 million, for 2023, 2022, and 2021, respectively. Amortization expense related to intangible assets is expected to be $3.8 million for 2024, $3.7 million for 2025, $2.9 million for 2026, $2.4 million for 2027, and $2.0 million for 2028.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.