Goodwill and Definite- and Indefinite-lived Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following is the summary of changes to the Company's Goodwill for the three months ended March 31, 2018:

	Industrial				Agricultural			European			Consolidated
(in thousands)
Balance at December 31, 2017		$	61,682			$	6,357		$	16,722		$	84,761
Translation adjustment		(213		)		2			483			272
Balance at March 31, 2018		$	61,469			$	6,359		$	17,205		$	85,033

Schedule of 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, 2018				December 31, 2017
Definite:
Trade names and trademarks	25 years		$	24,245			$	24,276
Customer and dealer relationships	14 years		32,556				32,654
Patents and drawings	3-12 years		1,972				1,982
Total at cost			58,773				58,912
Less accumulated amortization			(12,385		)		(11,540		)
Total net			46,388				47,372
Indefinite:
Trade names and trademarks			5,500				5,500
Total Intangible Assets			$	51,888			$	52,872