Annual report pursuant to Section 13 and 15(d)

Other Intangible Assets

v3.22.0.1
Other Intangible Assets
12 Months Ended
Dec. 31, 2021
Other Intangible Assets  
Other Intangible Assets

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

December 31, 2021

Indefinite-lived intangibles:

Trademark and tradenames

$

77,600

$

-

$

77,600

Amortizable intangibles:

Dealer network

80,000

71,000

9,000

Customer relationships

80,920

32,366

48,554

Patents

21,136

15,739

5,397

Noncompete agreements

8,640

8,640

-

Trademarks

5,459

3,901

1,558

Amortizable intangibles, net

196,155

131,646

64,509

Total

$

273,755

$

131,646

$

142,109

Gross

Less

Net

Carrying

Accumulated

Carrying

Amount

Amortization

Amount

December 31, 2020

Indefinite-lived intangibles:

Trademark and tradenames

$

77,600

$

-

$

77,600

Amortizable intangibles:

Dealer network

80,000

67,000

13,000

Customer relationships

80,920

27,196

53,724

Patents

21,136

14,484

6,652

Noncompete agreements

8,640

8,477

163

Trademarks

5,459

3,807

1,652

Amortizable intangibles, net

196,155

120,964

75,191

Total

$

273,755

$

120,964

$

152,791

Amortization expense for intangible assets was $10,682, $10,931 and $10,956 for the years ended December 31, 2021, 2020 and 2019, respectively. Estimated amortization expense for the next five years is as follows:

2022

    

$

10,520

2023

10,520

2024

7,520

2025

6,075

2026

5,450

The weighted average remaining life for intangible assets is 8.2 years at December 31, 2021.