| Amortizable Intangible Assets |
NOTE 10. AMORTIZABLE INTANGIBLE ASSETS
The following tables provide a summary of our significant classes
of amortizable intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31,
2018 |
|
| |
|
Cost |
|
|
Accumulated
Amortization |
|
|
Net |
|
| |
|
(Dollars in
thousands) |
|
|
Customer lists and contracts
|
|
$ |
24,673 |
|
|
$ |
(21,798 |
) |
|
$ |
2,875 |
|
|
Domain and brand names
|
|
|
21,358 |
|
|
|
(16,758 |
) |
|
|
4,600 |
|
|
Favorable and assigned leases
|
|
|
2,256 |
|
|
|
(1,953 |
) |
|
|
303 |
|
|
Subscriber base and lists
|
|
|
9,672 |
|
|
|
(7,198 |
) |
|
|
2,474 |
|
|
Author relationships
|
|
|
2,771 |
|
|
|
(2,454 |
) |
|
|
317 |
|
|
Non-compete agreements
|
|
|
2,048 |
|
|
|
(1,641 |
) |
|
|
407 |
|
|
Other amortizable intangible assets
|
|
|
1,666 |
|
|
|
(1,378 |
) |
|
|
288 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
64,444 |
|
|
$ |
(53,180 |
) |
|
$ |
11,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31,
2017 |
|
| |
|
Cost |
|
|
Accumulated
Amortization |
|
|
Net |
|
| |
|
(Dollars in
thousands) |
|
|
Customer lists and contracts
|
|
$ |
22,865 |
|
|
$ |
(20,888 |
) |
|
$ |
1,977 |
|
|
Domain and brand names
|
|
|
20,109 |
|
|
|
(14,650 |
) |
|
|
5,459 |
|
|
Favorable and assigned leases
|
|
|
2,379 |
|
|
|
(2,028 |
) |
|
|
351 |
|
|
Subscriber base and lists
|
|
|
8,797 |
|
|
|
(4,701 |
) |
|
|
4,096 |
|
|
Author relationships
|
|
|
2,771 |
|
|
|
(2,237 |
) |
|
|
534 |
|
|
Non-compete agreements
|
|
|
2,029 |
|
|
|
(1,342 |
) |
|
|
687 |
|
|
Other amortizable intangible assets
|
|
|
1,333 |
|
|
|
(1,333 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$60,283 |
|
|
$(47,179) |
|
|
$13,104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization expense was approximately $6.2 million and
$4.6 million for the years ended December 31, 2018 and
2017. Based on the amortizable intangible assets as of
December 31, 2018, we estimate amortization expense for the
next five years to be as follows:
|
|
|
|
|
|
Year ended December 31,
|
|
Amortization Expense
|
|
| |
|
(Dollars in
thousands) |
|
|
2019
|
|
$ |
4,699 |
|
|
2020
|
|
|
3,275 |
|
|
2021
|
|
|
1,654 |
|
|
2022
|
|
|
969 |
|
|
2023
|
|
|
459 |
|
|
Thereafter
|
|
|
208 |
|
|
|
|
|
|
|
Total
|
|
$ |
11,264 |
|
|
|
|
|
|
|