Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets were comprised of the following as of December 31, 2016 and 2015:

 

 

 

2016

 

 

2015

 

 

Useful Lives

Patented and unpatented technology

 

$

25,409

 

 

$

25,559

 

 

10 years

Amortization

 

 

(12,630

)

 

 

(10,406

)

 

 

Customer relationships

 

 

38,444

 

 

 

38,786

 

 

5-20 years

Amortization

 

 

(10,851

)

 

 

(7,383

)

 

 

Trade names and trademarks

 

 

18,892

 

 

 

19,086

 

 

25 years - Indefinite

Amortization

 

 

(2,463

)

 

 

(1,979

)

 

 

Non-competition agreements

 

 

50

 

 

 

50

 

 

2-5 years

Amortization

 

 

(42

)

 

 

(38

)

 

 

Customer backlog

 

 

370

 

 

 

371

 

 

< 1 year

Amortization

 

 

(370

)

 

 

(371

)

 

 

Total Intangible assets

 

$

56,809

 

 

$

63,675

 

 

 

 
Schedule of Estimated Amortization Expense

Estimated amortization expense for the next five years and subsequent is as follows:

 

 

 

Amount

 

2017

 

 

6,268

 

2018

 

 

6,232

 

2019

 

 

6,060

 

2020

 

 

6,027

 

2021

 

 

4,059

 

And subsequent

 

 

21,100

 

Total intangibles currently to be amortized

 

$

49,746

 

 
Changes in Goodwill

Changes in the Company’s goodwill by business segment were as follows:

 

 

 

Equipment Lifting

Segment

 

 

Equipment Distribution

Segment

 

 

ASV

Segment

 

 

Total

 

Balance December 31, 2014

 

$

12,887

 

 

$

275

 

 

$

30,579

 

 

$

43,741

 

Goodwill for PM Group Acquisition

 

 

30,173

 

 

 

—

 

 

 

—

 

 

 

30,173

 

Effects of change in exchange rate

 

 

(2,577

)

 

 

—

 

 

 

—

 

 

 

(2,577

)

Balance December 31, 2015

 

$

40,483

 

 

$

275

 

 

$

30,579

 

 

$

71,337

 

Goodwill write-off

 

 

—

 

 

 

(275

)

 

 

—

 

 

 

(275

)

Effects of change in exchange rate

 

 

(814

)

 

 

—

 

 

 

—

 

 

 

(814

)

Balance December 31, 2016

 

$

39,669

 

 

$

—

 

 

$

30,579

 

 

$

70,248