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Intangible Assets | 12 Months Ended
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Dec. 31, 2022
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, 2022 | December 31, 2021
Definite: |  |  |  |  |  |  |
Trade names and trademarks | 15-25 years |  | $ | 68,797 |  |  |  | $ | 68,321 |  |
Customer and dealer relationships | 8-15 years |  | 129,338 |  |  |  | 126,104 |  |
Patents and developed technologies | 3-12 years |  | 28,437 |  |  |  | 29,338 |  |
Favorable leasehold interests | 7 years |  | 4,200 |  |  |  | 4,200 |  |
Total at cost |  |  | 230,772 |  |  |  | 227,963 |  |
Less accumulated amortization |  |  | (64,931) |  |  |  | (49,997) |  |
Total net |  |  | 165,841 |  |  |  | 177,966 |  |
Indefinite: |  |  |  |  |  |  |
Trade names and trademarks |  |  | 5,500 |  |  |  | 5,500 |  |
Total Intangible Assets |  |  | $ | 171,341 |  |  |  | $ | 183,466 |  |
The Company's net carrying value at December 31, 2022 of intangible assets with definite useful lives consists of trade names and trademarks at $54.9 million, customer and dealer relationships at $90.2 million, patents and drawings at $18.5 million, and favorable leasehold interests at $2.3 million. As of December 31, 2022, the related accumulated amortization balance for the definite-lived assets were $13.9 million for trade names and trademarks, $39.2 million for customer and dealer relationships, $9.9 million for patents and drawings, and $1.9 million for favorable leasehold interests. The Company estimates amortization expense to be $15.3 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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