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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.