Other Intangible Assets

3 Months Ended

Mar. 31, 2022

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, 2022
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		72,000		8,000
Customer relationships		80,920		33,659		47,261
Patents		21,136		16,053		5,083
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		3,924		1,535
Amortizable intangibles, net		196,155		134,276		61,879
Total	$	273,755	$	134,276	$	139,479
		Gross	Less		Net
		Carrying	Accumulated		Carrying
		Amount	Amortization		Amount
December 31, 2021
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		71,000		9,000
Customer relationships		80,920		32,366		48,554
Patents		21,136		15,739		5,397
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		3,901		1,558
Amortizable intangibles, net		196,155		131,646		64,509
Total	$	273,755	$	131,646	$	142,109

Amortization expense for intangible assets was $2,630 and $2,705 for the three months ended March 31, 2022 and 2021 respectively. Estimated amortization expense for the remainder of 2022 and each of the succeeding five years is as follows:

2022	$	7,890
2023		10,520
2024		7,520
2025		6,075
2026		5,450
2027		5,450