Definite and Indefinite Lived Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

DEFINITE AND INDEFINITE LIVED INTANGIBLE ASSETS

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



(in thousands)	Estimated Useful Lives	December 31, 2015			December 31, 2014
Definite:
Trade names and trademarks	25 years		$	21,878		$	22,104
Customer and dealer relationships	14 years		28,715			29,404
Patents and drawings	12 years		1,893			1,968
Total at cost			52,486			53,476
Less accumulated amortization			5,036			1,992
Total net			47,450			51,484
Indefinite:
Trade names and trademarks			5,500			5,500
Total Intangible Assets			$	52,950		$	56,984

The Company's net carrying value at December 31, 2015 of intangible assets with definite useful lives consists of trade names and trademarks at $20,452,000, customer and dealer relationships at $25,360,000 and patents and drawings at $1,638,000. As of December 31, 2015, the related accumulated amortization balance for the definite lived assets were $1,427,000 for trade names and trademarks, $3,354,000 for customer and dealer relationships, and $255,000 for Patents and drawings. The Company estimates amortization expense to be $3,176,000 for each of the next five years.