| Amortizable Intangible Assets |
NOTE 10. AMORTIZABLE INTANGIBLE ASSETS
The following tables provide a summary of our significant classes
of amortizable intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30, 2018 |
|
| |
|
|
|
|
Accumulated |
|
|
|
|
| |
|
Cost |
|
|
Amortization |
|
|
Net |
|
| |
|
(Dollars in
thousands) |
|
|
Customer lists and contracts
|
|
$ |
24,673 |
|
|
$ |
(21,498 |
) |
|
$ |
3,175 |
|
|
Domain and brand names
|
|
|
21,358 |
|
|
|
(16,218 |
) |
|
|
5,140 |
|
|
Favorable and assigned leases
|
|
|
2,256 |
|
|
|
(1,944 |
) |
|
|
312 |
|
|
Subscriber base and lists
|
|
|
9,672 |
|
|
|
(6,548 |
) |
|
|
3,124 |
|
|
Author relationships
|
|
|
2,771 |
|
|
|
(2,416 |
) |
|
|
355 |
|
|
Non-compete agreements
|
|
|
2,048 |
|
|
|
(1,571 |
) |
|
|
477 |
|
|
Other amortizable intangible assets
|
|
|
1,666 |
|
|
|
(1,350 |
) |
|
|
316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
64,444 |
|
|
$ |
(51,545 |
) |
|
$ |
12,899 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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 $1.6 million and
$1.1 million for each of the three month periods ended
September 30, 2018 and 2017, respectively, and
$4.6 million and $3.4 million for each of the nine month
periods ended September 30, 2018 and 2017, respectively. Based
on the amortizable intangible assets as of September 30, 2018,
we estimate amortization expense for the next five years to be as
follows:
|
|
|
|
|
|
Year Ended December 31,
|
|
Amortization Expense |
|
| |
|
(Dollars in
thousands) |
|
|
2018 (Oct – Dec)
|
|
$ |
1,635 |
|
|
2019
|
|
|
4,699 |
|
|
2020
|
|
|
3,275 |
|
|
2021
|
|
|
1,654 |
|
|
2022
|
|
|
969 |
|
|
Thereafter
|
|
|
667 |
|
|
|
|
|
|
|
Total
|
|
$ |
12,899 |
|
|
|
|
|
|
|