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Goodwill and Definite and Indefinite-lived Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes to The Company's Goodwill
The following is the summary of changes to the Company's Goodwill for the six months ended June 30, 2019:
IndustrialAgriculturalEuropeanConsolidated
(in thousands)
Balance at December 31, 2018$61,107 $6,230 $15,906 $83,243 
Translation adjustment326 46 (182)190 
Goodwill acquired— — 9,701 9,701 
Balance at June 30, 2019$61,433 $6,276 $25,425 $93,134 
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
June 30, 2019December 31, 2018
Definite:
Trade names and trademarks25 years$33,083 $23,938 
Customer and dealer relationships
10-14 years
34,466 32,260 
Patents and drawings
3-12 years
6,621 2,061 
Total at cost74,170 58,259 
Less accumulated amortization(16,945)(14,902)
Total net57,225 43,357 
Indefinite:
Trade names and trademarks5,500 5,500 
Total Intangible Assets
$62,725 $48,857