Goodwill and Definite and Indefinite-lived Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following is the summary of changes to the Company's Goodwill for the nine months ended September 30, 2018:

	Industrial			Agricultural			European			Consolidated
(in thousands)
Balance at December 31, 2017		$	61,682		$	6,357		$	16,722		$	84,761
Translation adjustment		(220)			(1,122)			(561)			(1,903)
Goodwill adjustment		84			774			—			858
Balance at September 30, 2018		$	61,546		$	6,009		$	16,161		$	83,716

Schedule of Definite and Indefinite Lived Intangible Assets

The following is a summary of the Company's definite and indefinite-lived intangible assets net of the accumulated amortization:

(in thousands)	Estimated Useful Lives	September 30, 2018			December 31, 2017
Definite:
Trade names and trademarks	25 years		$	23,966		$	24,276
Customer and dealer relationships	10-14 years		32,435			32,654
Patents and drawings	3-12 years		1,971			1,982
Total at cost			58,372			58,912
Less accumulated amortization			(14,109)			(11,540)
Total net			44,263			47,372
Indefinite:
Trade names and trademarks			5,500			5,500
Total Intangible Assets			$	49,763		$	52,872