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, 2026

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, 2026
Indefinite-lived intangibles:
Trademark and tradenames	$	79,550	$	-	$	79,550
Amortizable intangibles:
Dealer network		80,000		80,000		-
Customer relationships		87,470		54,517		32,953
Patents		21,136		20,362		774
Noncompete agreements		8,940		8,682		258
Trademarks		5,459		4,305		1,154
Backlog		100		38		62
Amortizable intangibles, net		203,105		167,904		35,201
Total	$	282,655	$	167,904	$	114,751

	*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

Amortization expense for intangible assets was $1,517 and $1,550 for the three months ended March 31, 2026 and 2025, respectively. Estimated amortization expense for the remainder of 2026 and each of the succeeding five years is as follows:

2026	$	4,552
2027		5,986
2028		5,970
2029		5,736
2030		5,003
2031		2,953