Douglas Dynamics, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 8 - Other Intangible Assets

Note 8 - Other Intangible Assets

3 Months Ended

Mar. 31, 2025

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, 2025
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		80,000		-
Customer relationships		80,920		49,170		31,750
Patents		21,136		19,709		1,427
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		4,236		1,223
Amortizable intangibles, net		196,155		161,755		34,400
Total	$	273,755	$	161,755	$	112,000

	*Gross*		*Less*		*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
December 31, 2024
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		80,000		-
Customer relationships		80,920		47,876		33,044
Patents		21,136		19,506		1,630
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		4,183		1,276
Amortizable intangibles, net		196,155		160,205		35,950
Total	$	273,755	$	160,205	$	113,550

Amortization expense for intangible assets was $1,550 and $2,630 for the three months ended March 31, 2025 and 2024, respectively. Estimated amortization expense for the remainder of 2025 and each of the succeeding five years is as follows:

2025	$	4,526
2026		5,450
2027		5,450
2028		5,450
2029		5,300
2030		4,566