Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets

v3.19.3
Other Intangible Assets
9 Months Ended
Sep. 30, 2019
Other Intangible Assets  
Other Intangible Assets

7. Other Intangible Assets

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

Gross

Less

Net

Carrying

Accumulated

Carrying

Amount

Amortization

Amount

September 30, 2019

Indefinite-lived intangibles:

Trademark and tradenames

$

77,600

$

-

$

77,600

Amortizable intangibles:

Dealer network

80,000

62,000

18,000

Customer relationships

80,920

20,587

60,333

Patents

21,136

12,915

8,221

Noncompete agreements

8,640

8,102

538

Trademarks

5,459

3,690

1,769

Backlog

1,900

1,900

-

License

20

20

-

Amortizable intangibles, net

198,075

109,214

88,861

Total

$

275,675

$

109,214

$

166,461

Gross

Less

Net

Carrying

Accumulated

Carrying

Amount

Amortization

Amount

December 31, 2018

Indefinite-lived intangibles:

Trademark and tradenames

$

77,600

$

-

$

77,600

Amortizable intangibles:

Dealer network

80,000

59,000

21,000

Customer relationships

80,920

16,607

64,313

Patents

21,136

11,974

9,162

Noncompete agreements

8,640

7,877

763

Trademarks

5,459

3,619

1,840

Backlog

1,900

1,900

-

License

20

20

-

Amortizable intangibles, net

198,075

100,997

97,078

Total

$

275,675

$

100,997

$

174,678

Amortization expense for intangible assets was $2,737 and $2,868 for the three months ended September 30, 2019 and 2018, respectively. Amortization expense for intangible assets was $8,217 and $8,605 for the nine months ended September 30, 2019 and 2018, respectively. Estimated amortization expense for the remainder of 2019 and each of the succeeding five years is as follows:

2019

    

$

2,739

2020

10,932

2021

10,670

2022

10,520

2023

10,520

2024

7,520