Other Intangible Assets

12 Months Ended

Dec. 31, 2016

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, 2016
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		51,000		29,000
Customer relationships		78,220		6,075		72,145
Patents		21,136		9,466		11,670
Noncompete agreements		8,640		6,232		2,408
Trademarks		5,459		3,431		2,028
Backlog		1,900		1,900		-
License		20		20		-
Amortizable intangibles, net		195,375		78,124		117,251
Total	$	272,975	$	78,124	$	194,851

		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

Amortization expense for intangible assets was $10,596, $7,362 and $5,803 for the years ended December 31, 2016, 2015 and 2014 respectively. Estimated amortization expense for the next five years is as follows:



2017	$	11,251
2018		11,251
2019		10,729
2020		10,707
2021		10,458

The weighted average remaining life for intangible assets is 12.1 years at December 31, 2016.

The Company relies on a combination of patents, trade secrets and trademarks to protect certain of the proprietary aspects of its business and technology. In the year ended December 31, 2016, the Company received a settlement resulting from an ongoing lawsuit with one of its competitors. Previously under the same lawsuit the competitor was required to stop using the Company’s intellectual property. Under the settlement agreement the Company received $10,050 as part of defending its intellectual property. The proceeds of the lawsuit are included on the Consolidated Statements of Operations and Comprehensive Income as Litigation proceeds.