Definite and Indefinite Lived Intangible Assets

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Definite and Indefinite Lived Intangible Assets

Definite and Indefinite Lived Intangible Assets

The following is a summary of the Company's definite and indefinite lived intangible assets net of the accumulated amortization:

(in thousands)	Estimated Useful Lives	March 31, 2015			December 31, 2014
Definite:
Trade names and trademarks	25 years		$	21,986		22,104
Customer and dealer relationships	14 years		29,044			29,404
Patents and drawings	12 years		1,929			1,968
Total at cost			52,959			53,476
Less accumulated amortization			2,750			1,992
Total net			50,209			51,484
Indefinite:
Trade names and trademarks			5,500			5,500
Total Intangible Assets			$	55,709		$	56,984

For the three months ending March 31, 2015, the Company recognized $781,000 in amortization expense.