| Other Intangible Assets |
6. 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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December 31, 2015
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Indefinite-lived intangibles:
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Trademark and tradenames
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$
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63,600
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$
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-
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$
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63,600
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Amortizable intangibles:
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Dealer network
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80,000
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47,000
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33,000
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Customer relationships
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19,120
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3,129
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15,991
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Patents
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19,636
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8,269
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11,367
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Noncompete agreements
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7,140
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5,573
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1,567
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Trademarks
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5,459
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3,337
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2,122
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Backlog
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200
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200
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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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131,575
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67,528
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64,047
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Total
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$
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195,175
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$
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67,528
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$
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127,647
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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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December 31, 2014
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Indefinite-lived intangibles:
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Trademark and tradenames
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$
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63,600
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$
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—
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$
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63,600
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Amortizable intangibles:
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Dealer network
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80,000
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43,000
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37,000
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Customer relationships
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19,120
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1,990
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17,130
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Patents
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19,636
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7,121
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12,515
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Noncompete agreements
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7,140
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5,050
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2,090
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Trademarks
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5,459
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2,985
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2,474
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Backlog
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200
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-
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200
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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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131,575
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60,166
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71,409
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Total
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$
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195,175
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$
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60,166
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$
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135,009
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Amortization expense for intangible assets was $7,362, $5,803 and $5,625 for the years ended December 31, 2015, 2014 and 2013, respectively. Estimated amortization expense for the next five years is as follows:
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2016
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$
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6,903
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2017
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6,903
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2018
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6,903
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2019
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6,382
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2020
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6,360
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The weighted average remaining life for intangible assets is 10.7 years at December 31, 2015.
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