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Other Intangible Assets
12 Months Ended
Dec. 31, 2014
Other Intangible Assets  
Other Intangible Assets

 

6. 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, 2014:

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles:

 

 

 

 

 

 

 

 

 

Trademark and tradenames

 

$

63,600 

 

$

—

 

$

63,600 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

Dealer network

 

 

80,000 

 

 

43,000 

 

 

37,000 

Customer relationships

 

 

19,120 

 

 

1,990 

 

 

17,130 

Patents

 

 

19,636 

 

 

7,121 

 

 

12,515 

Noncompete agreements

 

 

7,140 

 

 

5,050 

 

 

2,090 

Trademarks

 

 

5,459 

 

 

2,985 

 

 

2,474 

Backlog

 

 

200 

 

 

 -

 

 

200 

License

 

 

20 

 

 

20 

 

 

 -

 

 

 

 

 

 

 

 

Amortizable intangibles, net

 

 

131,575 

 

 

60,166 

 

 

71,409 

 

 

 

 

 

 

 

 

Total

 

$

195,175 

 

$

60,166 

 

$

135,009 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Less

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Amount

 

Amortization

 

Amount

December 31, 2013:

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles:

 

 

 

 

 

 

 

 

 

Trademark and tradenames

 

$

60,000 

 

$

—

 

$

60,000 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

Dealer network

 

 

80,000 

 

 

39,000 

 

 

41,000 

Customer relationships

 

 

10,820 

 

 

1,404 

 

 

9,416 

Patents

 

 

16,436 

 

 

6,293 

 

 

10,143 

Noncompete agreements

 

 

5,050 

 

 

5,050 

 

 

—

Trademarks

 

 

5,459 

 

 

2,596 

 

 

2,863 

License

 

 

20 

 

 

20 

 

 

—

 

 

 

 

 

 

 

 

Amortizable intangibles, net

 

 

117,785 

 

 

54,363 

 

 

63,422 

 

 

 

 

 

 

 

 

Total

 

$

177,785 

 

$

54,363 

 

$

123,422 

 

 

 

 

 

 

 

 

 

 

Amortization expense for intangible assets was $5,803, $5,625 and $5,199 for the years ended December 31, 2014, 2013 and 2012, respectively. Estimated amortization expense for the next five years is as follows:

 

 

 

 

 

 

 

 

 

 

 

2015

       

$

7,361 

2016

 

 

6,903 

2017

 

 

6,903 

2018

 

 

6,903 

2019

 

 

6,381 

The weighted average remaining life for intangible assets is 11.5 years at December 31, 2014.