Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Other Intangible Assets

Other Intangible Assets

8. 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, 2019
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		63,000		17,000
Customer relationships		80,920		21,914		59,006
Patents		21,136		13,229		7,907
Noncompete agreements		8,640		8,177		463
Trademarks		5,459		3,713		1,746
Backlog		1,900		1,900		-
License		20		20		-
Amortizable intangibles, net		198,075		111,953		86,122
Total	$	275,675	$	111,953	$	163,722
		Gross	Less		Net
		Carrying	Accumulated		Carrying
		Amount	Amortization		Amount
December 31, 2018
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		59,000		21,000
Customer relationships		80,920		16,607		64,313
Patents		21,136		11,974		9,162
Noncompete agreements		8,640		7,877		763
Trademarks		5,459		3,619		1,840
Backlog		1,900		1,900		-
License		20		20		-
Amortizable intangibles, net		198,075		100,997		97,078
Total	$	275,675	$	100,997	$	174,678

Amortization expense for intangible assets was $10,956, $11,472 and $11,401 for the years ended December 31, 2019, 2018 and 2017, respectively. Estimated amortization expense for the next five years is as follows:

2020	$	10,932
2021		10,670
2022		10,520
2023		10,520
2024		7,520

The weighted average remaining life for intangible assets is 9.7 years at December 31, 2019.

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, 2019, the Company received a settlement resulting from an ongoing lawsuit with one of its competitors of $200 as part of defending its intellectual property. In the year ended December 31, 2017, the Company received a settlement resulting from an ongoing lawsuit with one of its competitors that had been ordered to stop using the Company’s intellectual property.  Under the settlement agreement the Company received $1,275 as part of defending its intellectual property.  The proceeds of these lawsuits are included on the Consolidated Statements of Operations and Comprehensive Income as Litigation proceeds.