Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes changes in the carrying amount of goodwill in the Motorcycles segment for the following years ended December 31 (in thousands):



	2017		2016			2015
Balance, beginning of period	$	53,391	$	54,182		$	27,752
Business acquisitions	—		—			28,567
Currency translation	2,556		(791		)	(2,137		)
Balance, end of period	$	55,947	$	53,391		$	54,182

The following table summarizes the Motorcycles segment intangible assets other than goodwill at December 31 (in thousands):



	2017
	Gross Carrying Amount		Accumulated Amortization			Net		Estimated useful life (years)
Intangible assets other than goodwill
Reacquired distribution rights	$	13,933	$	(13,933	)	$	—	2
Customer relationships	7,860		(950		)	6,910		20
Total other intangible assets	$	21,793	$	(14,883	)	$	6,910



	2016
	Gross Carrying Amount		Accumulated Amortization			Net		Estimated useful life (years)
Intangible assets other than goodwill
Reacquired distribution rights	$	12,928	$	(9,157	)	$	3,771	2
Customer relationships	7,293		(517		)	6,776		20
Total other intangible assets	$	20,221	$	(9,674	)	$	10,547

Intangible assets other than goodwill are included in other long-term assets on the Company's consolidated balance sheets. The gross carrying amounts at December 31 differ from the acquisition date amounts due to changes in foreign currency exchange rates.

Total amortization expense of other intangible assets was $4.2 million, $7.0 million and $2.8 million for 2017, 2016 and 2015, respectively. The Company estimates future amortization to be as follows (in thousands):



	Estimated Amortization
2018	$	384
2019	384
2020	384
2021	384
2022	384
Thereafter	4,990
Total	$	6,910

The Financial Services segment had no goodwill or intangible assets at December 31, 2017 and 2016.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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