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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
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, 2024December 31, 2023
Definite:
   Trade names and trademarks
15-25 years
$72,040 $72,834 
   Customer and dealer relationships
8-15 years
137,086 137,744 
   Patents and developed technologies
3-12 years
28,529 28,558 
   Favorable leasehold interests
7 years
4,200 4,200 
   Noncompetition agreements
5 years
200 200 
      Total at cost242,055 243,536 
   Less accumulated amortization(96,195)(80,740)
       Total net145,860 162,796 
Indefinite:
   Trade names and trademarks5,500 5,500 
          Total Intangible Assets$151,360 $168,296 

The Company's net carrying value at December 31, 2024 of intangible assets with definite useful lives consists of trade names and trademarks at $52.2 million, customer and dealer relationships at $79.4 million, patents and drawings at $13.1 million, and favorable leasehold interests at $1.1 million. As of December 31, 2024, the related accumulated amortization balance for the definite-lived assets were $19.8 million for trade names and trademarks, $57.7 million for customer and dealer relationships, $15.5 million for patents and drawings, and $3.1 million for favorable leasehold interests. The Company estimates amortization expense to be $16.2 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.