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Intangible Assets | 12 Months Ended
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Dec. 31, 2021
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 Lives | December 31, 2021 | December 31, 2020
Definite: |  |  |  |  |  |  |
Trade names and trademarks | 15-25 years |  | $ | 68,321 |  |  |  | $ | 67,770 |  |
Customer and dealer relationships | 8-15 years |  | 126,104 |  |  |  | 122,470 |  |
Patents and developed technologies | 3-12 years |  | 29,338 |  |  |  | 28,764 |  |
Favorable leasehold interests | 7 years |  | 4,200 |  |  |  | 4,200 |  |
Total at cost |  |  | 227,963 |  |  |  | 223,204 |  |
Less accumulated amortization |  |  | (49,997) |  |  |  | (35,532) |  |
Total net |  |  | 177,966 |  |  |  | 187,672 |  |
Indefinite: |  |  |  |  |  |  |
Trade names and trademarks |  |  | 5,500 |  |  |  | 5,500 |  |
Total Intangible Assets |  |  | $ | 183,466 |  |  |  | $ | 193,172 |  |
The Company's net carrying value at December 31, 2021 of intangible assets with definite useful lives consists of trade names and trademarks at $57.2 million, customer and dealer relationships at $95.8 million, patents and drawings at $22.1 million, and favorable leasehold interests at $2.9 million. As of December 31, 2021, the related accumulated amortization balance for the definite-lived assets were $11.1 million for trade names and trademarks, $30.4 million for customer and dealer relationships, $7.2 million for patents and drawings, and $1.3 million for favorable leasehold interests. The Company estimates amortization expense to be $14.5 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.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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