| Amortizable Intangible Assets |
NOTE 12. AMORTIZABLE INTANGIBLE ASSETS
The following tables provide a summary of our significant classes
of amortizable intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of March 31, 2019 |
|
| |
|
|
|
|
Accumulated |
|
|
|
|
| |
|
Cost |
|
|
Amortization |
|
|
Net |
|
| |
|
(Dollars in
thousands) |
|
|
Customer lists and contracts
|
|
$ |
23,456 |
|
|
$ |
(20,896 |
) |
|
$ |
2,560 |
|
|
Domain and brand names
|
|
|
20,236 |
|
|
|
(16,434 |
) |
|
|
3,802 |
|
|
Favorable and assigned leases
|
|
|
2,188 |
|
|
|
(1,894 |
) |
|
|
294 |
|
|
Subscriber base and lists
|
|
|
9,570 |
|
|
|
(7,477 |
) |
|
|
2,093 |
|
|
Author relationships
|
|
|
2,771 |
|
|
|
(2,493 |
) |
|
|
278 |
|
|
Non-compete agreements
|
|
|
2,031 |
|
|
|
(1,679 |
) |
|
|
352 |
|
|
Other amortizable intangible assets
|
|
|
1,666 |
|
|
|
(1,406 |
) |
|
|
260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
61,918 |
|
|
$ |
(52,279 |
) |
|
$ |
9,639 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31,
2018 |
|
| |
|
|
|
|
Accumulated |
|
|
|
|
| |
|
Cost |
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization expense was approximately $1.3 million and
$1.5 million for the three month period ended March 31,
2019 and 2018, respectively. Based on the amortizable intangible
assets as of March 31, 2019, we estimate amortization expense
for the next five years to be as follows:
|
|
|
|
|
|
Year Ended December 31,
|
|
Amortization Expense |
|
| |
(Dollars in
thousands) |
|
|
2019 (Apr – Dec)
|
|
$ |
3,250 |
|
|
2020
|
|
|
3,094 |
|
|
2021
|
|
|
1,614 |
|
|
2022
|
|
|
989 |
|
|
2023
|
|
|
479 |
|
|
Thereafter
|
|
|
213 |
|
|
|
|
|
|
|
Total
|
|
$ |
9,639 |
|
|
|
|
|
|
|