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, 2024

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, 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

	*Gross*		*Less*		*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
December 31, 2023
Indefinite lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		79,000		1,000
Customer relationships		80,920		42,707		38,213
Patents		21,136		18,249		2,887
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		4,089		1,370
Amortizable intangibles, net		196,155		152,685		43,470
Total	$	273,755	$	152,685	$	121,070

Amortization expense for intangible assets was $7,520, $10,520 and $10,520 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated amortization expense for the next five years is as follows:

2025			6,075
2026			5,450
2027			5,450
2028			5,450
2029			5,300

The weighted average remaining life for intangible assets is 6.4 years at December 31, 2024.