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GOODWILL | 9 Months Ended
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Sep. 30, 2013
GOODWILL [Abstract] |
Goodwill Disclosure [Text Block] | GOODWILL AND INTANGIBLE ASSETS Changes in goodwill consisted of the following (amounts in thousands):
| 2013 |  | 2012
|  |  | Earthmoving/ |  |  |  |  |  | Earthmoving/ |  |
| Agricultural |  | Construction |  |  |  | Agricultural |  | Construction |  |
| Segment |  | Segment |  | Total |  | Segment |  | Segment |  | Total
Goodwill balance, January 1 | $ | 11,522 |  |  | $ | 13,419 |  |  | $ | 24,941 |  |  | $ | 19,841 |  |  | $ | — |  |  | $ | 19,841 |
Acquisitions | — |  |  | — |  |  | — |  |  | — |  |  | 13,982 |  |  | 13,982 |
Acquisition adjustment | — |  |  | — |  |  | — |  |  | (7,289 | ) |  | — |  |  | (7,289 | )
Foreign currency translation | (1,040 | ) |  | (1,367 | ) |  | (2,407 | ) |  | (957 | ) |  | (193 | ) |  | (1,150 | )
Goodwill balance, September 30 | $ | 10,482 |  |  | $ | 12,052 |  |  | $ | 22,534 |  |  | $ | 11,595 |  |  | $ | 13,789 |  |  | $ | 25,384 |
The Company's agricultural segment goodwill balance is related to the acquisition of Goodyear's Latin American farm tire business which included the Sao Paulo, Brazil manufacturing facility. The Company's earthmoving/construction goodwill balance is related to the acquisition of Planet Group in August 2012. The Company reviews goodwill for impairment during the fourth quarter of each annual reporting period, and whenever events and circumstances indicate that the carrying values may not be recoverable. The Company's consumer segment does not have any recorded goodwill. The components of intangible assets consisted of the following (amounts in thousands):
| Weighted- Average Useful Lives (in Years) |  | September 30, 2013 |  | December 31, 2012
Amortizable intangible assets: |  |  |  |  |
Customer relationships | 13.8 |  | 17,457 |  |  | 19,357 |
Patents, trademarks and other | 2.0 |  | 3,466 |  |  | 3,658 |
Total at cost |  |  | 20,923 |  |  | 23,015 |
Less accumulated amortization |  |  | (3,470 | ) |  | (1,807 | )
|  |  | 17,453 |  |  | 21,208 |
Amortization related to intangible assets for the nine months ended September 30, 2013 and 2012, totaled $1.7 million and $0.5 million, respectively. Intangible assets are included as a component of other assets in the consolidated condensed balance sheet. The estimated aggregate amortization expense at September 30, 2013, is as follows (amounts in thousands):
October 1 - December 31, 2013 | $ | 534 |
2014 | 2,143 |
2015 | 1,764 |
2016 | 1,180 |
2017 | 1,118 |
Thereafter | 10,714 |
| $ | 17,453 |

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- Definition The entire disclosure for goodwill. + References No definition available. + Details
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