7. INTANGIBLE ASSETS, GOODWILL AND LONG-LIVED ASSETS

The components of amortizable intangible assets are as follows:


		July 31, 2018				July 31, 2017
	Weighted-Average Remaining Life in Years at July 31, 2018	Cost		Accumulated Amortization		Cost		Accumulated Amortization
Dealer networks/customer relationships	16	$	404,960	$	147,077	$	404,960	$	101,795
Trademarks	17		146,117		24,364		147,617		17,570
Design technology and other intangibles	7		18,200		9,555		19,300		9,203
Non-compete agreements	1		450		383		450		293

Total amortizable intangible assets		$	569,727	$	181,379	$	572,327	$	128,861

The dealer networks and customer relationships are being amortized on an accelerated basis. Trademarks, design technology and other intangibles and non-compete agreements are amortized on a straight-line basis.

Estimated amortization expense for future years is as follows:


For the fiscal year ending July 31, 2019	$	50,043
For the fiscal year ending July 31, 2020		46,194
For the fiscal year ending July 31, 2021		42,860
For the fiscal year ending July 31, 2022		37,753
For the fiscal year ending July 31, 2023		30,291
For the fiscal year ending July 31, 2024 and thereafter		181,207

	$	388,348

During the second quarter of fiscal 2016, the Company determined that sufficient evidence existed to warrant an interim goodwill impairment analysis for one of its reporting units. As a result of this analysis, the Company recorded a pre-tax, non-cash goodwill impairment charge of $9,113 in the second quarter of fiscal 2016 related to this reporting unit within the towables reportable segment. For the purpose of this goodwill test, the fair value of the reporting unit was determined by employing a discounted cash flow model, which utilized Level 3 inputs as defined by ASC 820 and discussed in Note 10 to the Consolidated Financial Statements. The $9,113 charge represents the full impairment of the goodwill related to this reporting unit.

The Company’s reporting units are generally the same as its operating segments, which are identified in Note 4 to the Consolidated Financial Statements. Fair values are determined by a discounted cash flow model. These estimates are subject to significant management judgment, including the determination of many factors such as sales growth rates, gross margin patterns, cost growth rates, terminal value assumptions and discount rates, and therefore largely represent Level 3 inputs as defined by ASC 820 and discussed in Note 10 to the Consolidated Financial Statements. Changes in these estimates can have a significant impact on the determination of cash flows and fair value and could potentially result in future material impairments.

The Company completed its annual impairment review as of May 31, 2018, and no impairment was identified.

Changes in the carrying amount of goodwill by reportable segment as of July 31, 2018 and 2017 are summarized as follows:


	Towables			Motorized			Other		Total
Net balance as of July 31, 2016	$	334,822		$	–		$	42,871	$	377,693

Fiscal year 2017 activity:
No activity		–			–			–		–
Net balance as of July 31, 2017	$	334,822		$	–		$	42,871	$	377,693


Fiscal year 2018 activity:
No activity		–			–			–		–

Net balance as of July 31, 2018	$	334,822		$	–		$	42,871	$	377,693


The components of the net balance as of July 31, 2018 are summarized as follows:

	Towables			Motorized			Other		Total
Goodwill	$	343,935		$	17,252		$	42,871	$	404,058
Accumulated impairment charges		(9,113	)		(17,252	)		–		(26,365	)

Net balance as of July 31, 2018	$	334,822		$	–		$	42,871	$	377,693