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Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following is a summary of the Company's intangible assets net of the accumulated amortization:
(in thousands)Estimated Useful LivesDecember 31, 2022December 31, 2021
Definite:
   Trade names and trademarks
15-25 years
$68,797 $68,321 
   Customer and dealer relationships
8-15 years
129,338 126,104 
   Patents and developed technologies
3-12 years
28,437 29,338 
   Favorable leasehold interests
7 years
4,200 4,200 
      Total at cost230,772 227,963 
   Less accumulated amortization(64,931)(49,997)
       Total net165,841 177,966 
Indefinite:
   Trade names and trademarks5,500 5,500 
          Total Intangible Assets$171,341 $183,466 

The Company's net carrying value at December 31, 2022 of intangible assets with definite useful lives consists of trade names and trademarks at $54.9 million, customer and dealer relationships at $90.2 million, patents and drawings at $18.5 million, and favorable leasehold interests at $2.3 million. As of December 31, 2022, the related accumulated amortization balance for the definite-lived assets were $13.9 million for trade names and trademarks, $39.2 million for customer and dealer relationships, $9.9 million for patents and drawings, and $1.9 million for favorable leasehold interests. The Company estimates amortization expense to be $15.3 million for each of the next five years.
Indefinite-lived trade names and trademarks consisted of the Gradall trade name with a carrying value of $3.6 million and the Bush Hog trade name with a carrying value of $1.9 million.