Douglas Dynamics, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Note 7 - Other Intangible Assets

Note 7 - Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

7. Other Intangible Assets

The following is a summary of the Company’s other intangible assets:

	*Gross*		*Less*		*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
December 31, 2025
Indefinite lived intangibles:
Trademark and tradenames	$	79,550	$	-	$	79,550
Amortizable intangibles:
Dealer network		80,000		80,000		-
Customer relationships		87,470		53,115		34,355
Patents		21,136		20,316		820
Noncompete agreements		8,940		8,657		283
Trademarks		5,459		4,281		1,178
Backlog		100		17		83
Amortizable intangibles, net		203,105		166,386		36,719
Total	$	282,655	$	166,386	$	116,269

	*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 $6,181, $7,520 and $10,520 for the years ended December 31, 2025, 2024 and 2023, respectively. Estimated amortization expense for the next five years is as follows:

2026			6,070
2027			5,986
2028			5,970
2029			5,736
2030			5,003

The weighted average remaining life for intangible assets is 7.4 years at December 31, 2025.