Douglas Dynamics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Other Intangible Assets

Note 8 - Other Intangible Assets

3 Months Ended

Mar. 31, 2024

Intangible Assets Disclosure [Text Block]

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*
March 31, 2024
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		80,000		-
Customer relationships		80,920		44,000		36,920
Patents		21,136		18,563		2,573
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		4,112		1,347
Amortizable intangibles, net		196,155		155,315		40,840
Total	$	273,755	$	155,315	$	118,440

	*Gross*		*Less*		*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
December 31, 2023
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		79,000		1,000
Customer relationships		80,920		42,707		38,213
Patents		21,136		18,249		2,887
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		4,089		1,370
Amortizable intangibles, net		196,155		152,685		43,470
Total	$	273,755	$	152,685	$	121,070

Amortization expense for intangible assets was $2,630 and $2,630 for the three months ended March 31, 2024 and 2023, respectively. Estimated amortization expense for the remainder of 2024 and each of the succeeding five years is as follows:

2024	$	4,890
2025		6,075
2026		5,450
2027		5,450
2028		5,450
2029		5,300