Other Intangible Assets

3 Months Ended

Mar. 31, 2020

Other Intangible Assets

Other Intangible Assets

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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
March 31, 2020
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		64,000		16,000
Customer relationships		80,920		23,239		57,681
Patents		21,136		13,543		7,593
Noncompete agreements		8,640		8,252		388
Trademarks		5,459		3,737		1,722
Backlog		1,900		1,900		-
License		20		20		-
Amortizable intangibles, net		198,075		114,691		83,384
Total	$	275,675	$	114,691	$	160,984
		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

Amortization expense for intangible assets was $2,738 and $2,741 for the three months ended March 31, 2020 and 2019, respectively. Estimated amortization expense for the remainder of 2020 and each of the succeeding five years is as follows:

2020	$	8,199
2021		10,670
2022		10,520
2023		10,520
2024		7,520
2025		6,075