Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes to The Company's Goodwill

The following is the summary of changes to the Company's Goodwill for the nine months ended September 30, 2019:

	Industrial			Agricultural			European			Consolidated
(in thousands)
Balance at December 31, 2018		$	61,107		$	6,230		$	15,906		$	83,243
Translation adjustment		234			(397)			(1,298)			(1,461)
Goodwill acquired		—			—			11,686			11,686
Balance at September 30, 2019		$	61,341		$	5,833		$	26,294		$	93,468

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	September 30, 2019			December 31, 2018
Definite:
Trade names and trademarks	25 years		$	31,866		$	23,938
Customer and dealer relationships	10-14 years		34,150			32,260
Patents and drawings	3-12 years		5,689			2,061
Total at cost			71,705			58,259
Less accumulated amortization			(18,000)			(14,902)
Total net			53,705			43,357
Indefinite:
Trade names and trademarks			5,500			5,500
Total Intangible Assets			$	59,205		$	48,857