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

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following is the summary of changes to the Company's Goodwill for the three months ended March 31, 2019:

			Industrial															Agricultural															European															Consolidated
(in thousands)
Balance at December 31, 2018						$	61,107								$	6,230								$	15,906								$	83,243
Translation adjustment						170									(53)									(190)									(73)
Goodwill acquired						—									—									5,651									5,651
Balance at March 31, 2019						$	61,277								$	6,177								$	21,367								$	88,821

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			March 31, 2019															December 31, 2018
Definite:
Trade names and trademarks			25 years						$	32,940								$	23,938
Customer and dealer relationships			10-14 years						34,354									32,260
Patents and drawings			3-12 years						6,562									2,061
Total at cost									73,856									58,259
Less accumulated amortization									(15,788)									(14,902)
Total net									58,068									43,357
Indefinite:
Trade names and trademarks									5,500									5,500
Total Intangible Assets									$	63,568								$	48,857

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

+ References

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267

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