Note 8 - Other Intangible Assets

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

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
September 30, 2022
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		74,000		6,000
Customer relationships		80,920		36,244		44,676
Patents		21,136		16,680		4,456
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		3,972		1,487
Amortizable intangibles, net		196,155		139,536		56,619
Total	$	273,755	$	139,536	$	134,219

	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

Amortization expense for intangible assets was $2,630 and $2,642 for the three months ended September 30, 2022 and 2021, respectively. Amortization expense for intangible assets was $7,890 and $8,052 for the nine months ended September 30, 2022 and 2021, respectively. Estimated amortization expense for the remainder of 2022 and each of the succeeding five years is as follows:

2022	$	2,630
2023		10,520
2024		7,520
2025		6,075
2026		5,450
2027		5,450