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Note 7 - Other Intangible Assets
12 Months Ended
Dec. 31, 2025
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, 2025

            

Indefinite lived intangibles:

            

Trademark and tradenames

 $79,550  $-  $79,550 

Amortizable intangibles:

            

Dealer network

  80,000   80,000   - 

Customer relationships

  87,470   53,115   34,355 

Patents

  21,136   20,316   820 

Noncompete agreements

  8,940   8,657   283 

Trademarks

  5,459   4,281   1,178 

Backlog

  100   17   83 

Amortizable intangibles, net

  203,105   166,386   36,719 

Total

 $282,655  $166,386  $116,269 

 

 

  

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 

 

Amortization expense for intangible assets was $6,181, $7,520 and $10,520 for the years ended December 31, 2025, 2024 and 2023, respectively. Estimated amortization expense for the next five years is as follows:

 

2026

  6,070 

2027

  5,986 

2028

  5,970 

2029

  5,736 

2030

  5,003 

 

The weighted average remaining life for intangible assets is 7.4 years at December 31, 2025.