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GOODWILL
 9 Months Ended
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