Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets

v3.21.2
Other Intangible Assets
9 Months Ended
Sep. 30, 2021
Other Intangible Assets  
Other Intangible Assets

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8. 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, 2021

Indefinite-lived intangibles:

Trademark and tradenames

$

77,600

$

-

$

77,600

Amortizable intangibles:

Dealer network

80,000

70,000

10,000

Customer relationships

80,920

31,073

49,847

Patents

21,136

15,425

5,711

Noncompete agreements

8,640

8,640

-

Trademarks

5,459

3,878

1,581

Amortizable intangibles, net

196,155

129,016

67,139

Total

$

273,755

$

129,016

$

144,739

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

Amortization expense for intangible assets was $2,642 and $2,737 for the three months ended September 30, 2021 and 2020, respectively. Amortization expense for intangible assets was $8,052 and $8,214 for the nine months ended September 30, 2021 and 2020, respectively. Estimated amortization expense for the remainder of 2021 and each of the succeeding five years is as follows:

2021

    

$

2,668

2022

10,520

2023

10,520

2024

7,520

2025

6,075

2026

5,450