| AMORTIZABLE INTANGIBLE ASSETS |
NOTE 11. AMORTIZABLE INTANGIBLE ASSETS
The following tables provide details, by major category, of the
significant classes of amortizable intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of June 30, 2014 |
|
| |
|
Cost |
|
|
Accumulated
Amortization |
|
|
Net |
|
| |
|
(Dollars in
thousands) |
|
|
Customer lists and contracts
|
|
$ |
19,910 |
|
|
$ |
(15,213 |
) |
|
$ |
4,697 |
|
|
Domain and brand names
|
|
|
15,429 |
|
|
|
(8,920 |
) |
|
|
6,509 |
|
|
Favorable and assigned leases
|
|
|
2,358 |
|
|
|
(1,749 |
) |
|
|
609 |
|
|
Subscriber base and lists
|
|
|
4,302 |
|
|
|
(2,263 |
) |
|
|
2,039 |
|
|
Author relationships
|
|
|
2,245 |
|
|
|
(971 |
) |
|
|
1,274 |
|
|
Non-compete agreements
|
|
|
888 |
|
|
|
(618 |
) |
|
|
270 |
|
|
Other amortizable intangible assets
|
|
|
1,336 |
|
|
|
(1,336 |
) |
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
46,468 |
|
|
$ |
(31,070 |
) |
|
$ |
15,398 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31,
2013 |
|
| |
|
Cost |
|
|
Accumulated
Amortization |
|
|
Net |
|
| |
|
(Dollars in
thousands) |
|
|
Customer lists and contracts
|
|
$ |
17,170 |
|
|
$ |
(13,830 |
) |
|
$ |
3,340 |
|
|
Domain and brand names
|
|
|
12,700 |
|
|
|
(8,124 |
) |
|
|
4,576 |
|
|
Favorable and assigned leases
|
|
|
2,358 |
|
|
|
(1,701 |
) |
|
|
657 |
|
|
Subscriber base and lists
|
|
|
1,856 |
|
|
|
(1,856 |
) |
|
|
— |
|
|
Author relationships
|
|
|
563 |
|
|
|
(563 |
) |
|
|
— |
|
|
Non-compete agreements
|
|
|
743 |
|
|
|
(550 |
) |
|
|
193 |
|
|
Other amortizable intangible assets
|
|
|
1,336 |
|
|
|
(1,309 |
) |
|
|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
36,726 |
|
|
$ |
(27,933 |
) |
|
$ |
8,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on the amortizable intangible assets as of June 30,
2014, we estimate amortization expense for the next five years to
be as follows:
|
|
|
|
|
|
Year Ending December 31,
|
|
Amortization Expense |
|
| |
|
(Dollars in
thousands) |
|
|
2014 (July – Dec)
|
|
$ |
3,055 |
|
|
2015
|
|
|
4,844 |
|
|
2016
|
|
|
2,927 |
|
|
2017
|
|
|
1,525 |
|
|
2018
|
|
|
1,311 |
|
|
Thereafter
|
|
|
1,736 |
|
|
|
|
|
|
|
Total
|
|
$ |
15,398 |
|
|
|
|
|
|