Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.19.2
Amortizable Intangible Assets
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets
NOTE 12. AMORTIZABLE INTANGIBLE ASSETS
The following tables provide a summary of our significant classes of amortizable intangible assets:
 
   
As of June 30, 2019
  
          Accumulated        
    Cost     Amortization     Net  
 
 
 
 
 
 
 
 
 
 
   
(Dollars in thousands)
  
Customer lists and contracts
  
$
23,641
    
$
(21,197
) 
  
$
2,444
  
Domain and brand names
    
20,280
      
(16,891
) 
    
3,389
  
Favorable and assigned leases
    
2,188
      
(1,903
) 
    
285
  
Subscriber base and lists
    
9,886
      
(7,727
) 
    
2,159
  
Author relationships
    
2,771
      
(2,532
) 
    
239
  
Non-compete
agreements
    
2,031
      
(1,718
) 
    
313
  
Other amortizable intangible assets
    
1,666
      
(1,434
) 
    
232
  
   
 
 
    
 
 
    
 
 
  
   
$
62,463
    
$
(53,402
) 
  
$
9,061
  
   
 
 
    
 
 
    
 
 
  
   
   
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 $1.1 million and $1.5 million for the three month periods ended June 30, 2019 and 2018, respectively, and $2.4 million and $3.0 million for the six month periods ended June 30, 2019 and 2018, respectively. Based on the amortizable intangible assets as of June 30, 2019, we estimate amortization expense for the next five years to be as follows:
 
Year Ended December 31,
  
Amortization Expense
  
   
(Dollars in thousands)
  
2019 (July – Dec)
   $ 2,190  
2020
     3,203  
2021
     1,723  
2022
     1,098  
2023
     588  
Thereafter
     259  
   
 
 
  
Total
   $ 9,061