Annual report pursuant to Section 13 and 15(d)

Other Intangible Assets

v3.3.1.900
Other Intangible Assets
12 Months Ended
Dec. 31, 2015
Other Intangible Assets  
Other Intangible Assets

 

6. 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, 2015

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles:

 

 

 

 

 

 

 

 

 

Trademark and tradenames

 

$

63,600

 

$

 -

 

$

63,600

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

Dealer network

 

 

80,000

 

 

47,000

 

 

33,000

Customer relationships

 

 

19,120

 

 

3,129

 

 

15,991

Patents

 

 

19,636

 

 

8,269

 

 

11,367

Noncompete agreements

 

 

7,140

 

 

5,573

 

 

1,567

Trademarks

 

 

5,459

 

 

3,337

 

 

2,122

Backlog

 

 

200

 

 

200

 

 

 -

License

 

 

20

 

 

20

 

 

 -

 

 

 

 

 

 

 

 

Amortizable intangibles, net

 

 

131,575

 

 

67,528

 

 

64,047

 

 

 

 

 

 

 

 

Total

 

$

195,175

 

$

67,528

 

$

127,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Less

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Amount

 

Amortization

 

Amount

December 31, 2014

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles:

 

 

 

 

 

 

 

 

 

Trademark and tradenames

 

$

63,600

 

$

 

$

63,600

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

Dealer network

 

 

80,000

 

 

43,000

 

 

37,000

Customer relationships

 

 

19,120

 

 

1,990

 

 

17,130

Patents

 

 

19,636

 

 

7,121

 

 

12,515

Noncompete agreements

 

 

7,140

 

 

5,050

 

 

2,090

Trademarks

 

 

5,459

 

 

2,985

 

 

2,474

Backlog

 

 

200

 

 

 -

 

 

200

License

 

 

20

 

 

20

 

 

 -

 

 

 

 

 

 

 

 

Amortizable intangibles, net

 

 

131,575

 

 

60,166

 

 

71,409

 

 

 

 

 

 

 

 

Total

 

$

195,175

 

$

60,166

 

$

135,009

 

 

 

 

 

 

 

 

 

 

Amortization expense for intangible assets was $7,362, $5,803 and $5,625 for the years ended December 31, 2015, 2014 and 2013, respectively. Estimated amortization expense for the next five years is as follows:

 

 

 

 

 

 

 

 

 

 

 

2016

       

$

6,903

2017

 

 

6,903

2018

 

 

6,903

2019

 

 

6,382

2020

 

 

6,360

The weighted average remaining life for intangible assets is 10.7 years at December 31, 2015.