| Other Intangible Assets |
l
8. Other Intangible Assets
The following is a summary of the Company’s other intangible assets:
|
|
|
|
|
|
|
|
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|
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Gross |
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Less |
|
Net |
|
|
|
Carrying |
|
Accumulated |
|
Carrying |
|
|
|
Amount |
|
Amortization |
|
Amount |
June 30, 2021 |
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|
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|
|
|
|
Indefinite-lived intangibles: |
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|
|
|
|
|
|
|
|
Trademark and tradenames |
|
$ |
77,600 |
|
$ |
- |
|
$ |
77,600 |
Amortizable intangibles: |
|
|
|
|
|
|
|
|
|
Dealer network |
|
|
80,000 |
|
|
69,000 |
|
|
11,000 |
Customer relationships |
|
|
80,920 |
|
|
29,767 |
|
|
51,153 |
Patents |
|
|
21,136 |
|
|
15,112 |
|
|
6,024 |
Noncompete agreements |
|
|
8,640 |
|
|
8,640 |
|
|
- |
Trademarks |
|
|
5,459 |
|
|
3,854 |
|
|
1,605 |
Amortizable intangibles, net |
|
|
196,155 |
|
|
126,373 |
|
|
69,782 |
Total |
|
$ |
273,755 |
|
$ |
126,373 |
|
$ |
147,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
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|
Amortization expense for intangible assets was $2,705 and $2,739 for the three months ended June 30, 2021 and 2020, respectively. Amortization expense for intangible assets was $5,410 and $5,477 for the six months ended June 30, 2021 and 2020, respectively. Estimated amortization expense for the remainder of 2021 and each of the succeeding five years is as follows:
|
|
|
|
2021 |
|
$ |
5,335 |
2022 |
|
|
10,520 |
2023 |
|
|
10,520 |
2024 |
|
|
7,520 |
2025 |
|
|
6,075 |
2026 |
|
|
5,450 |
|