Note 8 - Other Intangible Assets

9 Months Ended

Sep. 30, 2024

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, 2024
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		80,000		-
Customer relationships		80,920		46,585		34,335
Patents		21,136		19,190		1,946
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		4,160		1,299
Amortizable intangibles, net		196,155		158,575		37,580
Total	$	273,755	$	158,575	$	115,180

	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 $1,630 and $2,630 for the three months ended September 30, 2024 and 2023, respectively. Amortization expense for intangible assets was $5,890 and $7,890 for the nine months ended September 30, 2024 and 2023, respectively. Estimated amortization expense for the remainder of 2024 and each of the succeeding five years is as follows:

2024	$	1,630
2025		6,075
2026		5,450
2027		5,450
2028		5,450
2029		5,300