Definite- and Indefinite-Lived Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

DEFINITE- AND INDEFINITE-LIVED INTANGIBLE ASSETS

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



(in thousands)	Estimated Useful Lives	December 31, 2016				December 31, 2015
Definite:
Trade names and trademarks	25 years		$	21,914			$	21,878
Customer and dealer relationships	14 years		28,822				28,715
Patents and drawings	12 years		1,954				1,893
Total at cost			52,690				52,486
Less accumulated amortization			(8,152		)		(5,036		)
Total net			44,538				47,450
Indefinite:
Trade names and trademarks			5,500				5,500
Total Intangible Assets			$	50,038			$	52,950

The Company's net carrying value at December 31, 2016 of intangible assets with definite useful lives consists of trade names and trademarks at $19,608,000, customer and dealer relationships at $23,396,000 and patents and drawings at $1,534,000. As of December 31, 2016, the related accumulated amortization balance for the definite- lived assets were $2,306,000 for trade names and trademarks, $5,426,000 for customer and dealer relationships, and $420,000 for Patents and drawings. The Company estimates amortization expense to be $3,104,000 for each of the next five years.

Indefinite-lived trade names and trademarks consisted of the Gradall trade name with a carrying value of $3,600,000 and the Bush Hog trade name with a carrying value of $1,900,000.