| 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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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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June 30, 2018
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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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Dealer network
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80,000
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57,000
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23,000
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Customer relationships
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80,920
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13,956
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66,964
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Patents
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21,136
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|
11,349
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9,787
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Noncompete agreements
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8,640
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7,465
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|
1,175
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Trademarks
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5,459
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|
|
3,572
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|
|
1,887
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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
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|
|
95,262
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|
102,813
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Total
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$
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275,675
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$
|
95,262
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|
$
|
180,413
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|
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Gross
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Less
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Net
|
|
|
|
|
Carrying
|
|
Accumulated
|
|
Carrying
|
|
|
|
|
Amount
|
|
Amortization
|
|
Amount
|
|
December 31, 2017
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|
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Indefinite-lived intangibles:
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|
|
|
|
|
|
|
|
|
|
Trademark and tradenames
|
|
$
|
77,600
|
|
$
|
-
|
|
$
|
77,600
|
|
Amortizable intangibles:
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|
|
|
|
|
|
|
|
|
|
Dealer network
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|
|
80,000
|
|
|
55,000
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|
|
25,000
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Customer relationships
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|
|
80,920
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|
|
11,304
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69,616
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Patents
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21,136
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|
|
10,721
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|
10,415
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Noncompete agreements
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|
|
8,640
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|
7,055
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|
1,585
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Trademarks
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5,459
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|
3,525
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|
1,934
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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
|
|
|
20
|
|
|
-
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Amortizable intangibles, net
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198,075
|
|
|
89,525
|
|
|
108,550
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Total
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$
|
275,675
|
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$
|
89,525
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|
$
|
186,150
|
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Amortization expense for intangible assets was $2,866 and $2,786 for the three months ended June 30, 2018 and 2017, respectively. Amortization expense for intangible assets was $5,737 and $5,535 for the six months ended June 30, 2018 and 2017, respectively. Estimated amortization expense for the remainder of 2018 and each of the succeeding five years is as follows:
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2018
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$
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5,738
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|
2019
|
|
|
10,954
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2020
|
|
|
10,932
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2021
|
|
|
10,670
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2022
|
|
|
10,520
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2023
|
|
|
10,520
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