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Other Intangible Assets
12 Months Ended
Dec. 31, 2015
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, 2015

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles:

 

 

 

 

 

 

 

 

 

Trademark and tradenames

 

$

63,600

 

$

 -

 

$

63,600

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

Dealer network

 

 

80,000

 

 

47,000

 

 

33,000

Customer relationships

 

 

19,120

 

 

3,129

 

 

15,991

Patents

 

 

19,636

 

 

8,269

 

 

11,367

Noncompete agreements

 

 

7,140

 

 

5,573

 

 

1,567

Trademarks

 

 

5,459

 

 

3,337

 

 

2,122

Backlog

 

 

200

 

 

200

 

 

 -

License

 

 

20

 

 

20

 

 

 -

 

 

 

 

 

 

 

 

Amortizable intangibles, net

 

 

131,575

 

 

67,528

 

 

64,047

 

 

 

 

 

 

 

 

Total

 

$

195,175

 

$

67,528

 

$

127,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

Amortization expense for intangible assets was $7,362, $5,803 and $5,625 for the years ended December 31, 2015, 2014 and 2013, respectively. Estimated amortization expense for the next five years is as follows:

 

 

 

 

 

 

 

 

 

 

 

2016

       

$

6,903

2017

 

 

6,903

2018

 

 

6,903

2019

 

 

6,382

2020

 

 

6,360

The weighted average remaining life for intangible assets is 10.7 years at December 31, 2015.