Other Intangible Assets

6 Months Ended

Jun. 30, 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
June 30, 2020
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		65,000		15,000
Customer relationships		80,920		24,566		56,354
Patents		21,136		13,857		7,279
Noncompete agreements		8,640		8,327		313
Trademarks		5,459		3,760		1,699
Backlog		1,900		1,900		-
License		20		20		-
Amortizable intangibles, net		198,075		117,430		80,645
Total	$	275,675	$	117,430	$	158,245
		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 $2,739 and $2,739 for the three months ended June 30, 2020 and 2019, respectively. Amortization expense for intangible assets was $5,477 and $5,480 for the six months ended June 30, 2020 and 2019, respectively. Estimated amortization expense for the remainder of 2020 and each of the succeeding five years is as follows:

2020	$	5,466
2021		10,670
2022		10,520
2023		10,520
2024		7,520
2025		6,075