Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets

v3.21.1
Other Intangible Assets
3 Months Ended
Mar. 31, 2021
Other Intangible Assets  
Other Intangible Assets

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8. Other Intangible Assets

The following is a summary of the Company’s other intangible assets:

Gross

Less

Net

Carrying

Accumulated

Carrying

Amount

Amortization

Amount

March 31, 2021

Indefinite-lived intangibles:

Trademark and tradenames

$

77,600

$

-

$

77,600

Amortizable intangibles:

Dealer network

80,000

68,000

12,000

Customer relationships

80,920

28,481

52,439

Patents

21,136

14,798

6,338

Noncompete agreements

8,640

8,559

81

Trademarks

5,459

3,831

1,628

Amortizable intangibles, net

196,155

123,669

72,486

Total

$

273,755

$

123,669

$

150,086

Gross

Less

Net

Carrying

Accumulated

Carrying

Amount

Amortization

Amount

December 31, 2020

Indefinite-lived intangibles:

Trademark and tradenames

$

77,600

$

-

$

77,600

Amortizable intangibles:

Dealer network

80,000

67,000

13,000

Customer relationships

80,920

27,196

53,724

Patents

21,136

14,484

6,652

Noncompete agreements

8,640

8,477

163

Trademarks

5,459

3,807

1,652

Amortizable intangibles, net

196,155

120,964

75,191

Total

$

273,755

$

120,964

$

152,791

Amortization expense for intangible assets was $2,705 and $2,738 for the three months ended March 31, 2021 and 2020, respectively. Estimated amortization expense for the remainder of 2021 and each of the succeeding five years is as follows:

2021

    

$

8,003

2022

10,520

2023

10,520

2024

7,520

2025

6,075

2026

5,450