| Other Intangible Assets |
7. Other Intangible Assets
The following is a summary of the Company’s other intangible assets:
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Gross
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Less
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Net
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|
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Carrying
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Accumulated
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Carrying
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Amount
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Amortization
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Amount
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March 31, 2019
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Indefinite-lived intangibles:
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Trademark and tradenames
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$
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77,600
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$
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-
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$
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77,600
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Amortizable intangibles:
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|
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|
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|
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Dealer network
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80,000
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|
60,000
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|
20,000
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Customer relationships
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80,920
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|
17,935
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|
|
62,985
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Patents
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21,136
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|
12,288
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|
|
8,848
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Noncompete agreements
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|
8,640
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|
7,952
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|
|
688
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Trademarks
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|
|
5,459
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|
|
3,643
|
|
|
1,816
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Backlog
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|
|
1,900
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|
|
1,900
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|
-
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License
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|
20
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20
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|
-
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Amortizable intangibles, net
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198,075
|
|
|
103,738
|
|
|
94,337
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Total
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$
|
275,675
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|
$
|
103,738
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|
$
|
171,937
|
|
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|
|
|
|
|
|
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|
|
|
|
|
|
Gross
|
|
Less
|
|
Net
|
|
|
|
|
Carrying
|
|
Accumulated
|
|
Carrying
|
|
|
|
|
Amount
|
|
Amortization
|
|
Amount
|
|
December 31, 2018
|
|
|
|
|
|
|
|
|
|
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Indefinite-lived intangibles:
|
|
|
|
|
|
|
|
|
|
|
Trademark and tradenames
|
|
$
|
77,600
|
|
$
|
-
|
|
$
|
77,600
|
|
Amortizable intangibles:
|
|
|
|
|
|
|
|
|
|
|
Dealer network
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|
|
80,000
|
|
|
59,000
|
|
|
21,000
|
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Customer relationships
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|
|
80,920
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|
|
16,607
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|
|
64,313
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Patents
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|
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21,136
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|
|
11,974
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|
|
9,162
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|
Noncompete agreements
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|
|
8,640
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|
|
7,877
|
|
|
763
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Trademarks
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|
5,459
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|
|
3,619
|
|
|
1,840
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Backlog
|
|
|
1,900
|
|
|
1,900
|
|
|
-
|
|
License
|
|
|
20
|
|
|
20
|
|
|
-
|
|
Amortizable intangibles, net
|
|
|
198,075
|
|
|
100,997
|
|
|
97,078
|
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Total
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|
$
|
275,675
|
|
$
|
100,997
|
|
$
|
174,678
|
|
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Amortization expense for intangible assets was $2,741 and $2,871 for the three months ended March 31, 2019 and 2018, respectively. Estimated amortization expense for the remainder of 2019 and each of the succeeding five years is as follows:
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2019
|
|
$
|
8,216
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|
2020
|
|
|
10,932
|
|
2021
|
|
|
10,670
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|
2022
|
|
|
10,520
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2023
|
|
|
10,520
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2024
|
|
|
7,520
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