| Summary of Significant Classes of Amortizable Intangible Assets |
The following tables provide a summary of our significant classes of amortizable intangible assets:
|
|
|
As of September 30, 2019
|
|
|
|
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
|
|
Cost
|
|
|
Amortization
|
|
|
Net
|
|
|
|
|
(Dollars in thousands)
|
|
|
Customer lists and contracts
|
|
$
|
23,833
|
|
|
$
|
(21,510
|
)
|
|
$
|
2,323
|
|
|
Domain and brand names
|
|
|
20,332
|
|
|
|
(17,347
|
)
|
|
|
2,985
|
|
|
Favorable and assigned leases
|
|
|
2,188
|
|
|
|
(1,911
|
)
|
|
|
277
|
|
|
Subscriber base and lists
|
|
|
9,886
|
|
|
|
(7,988
|
)
|
|
|
1,898
|
|
|
Author relationships
|
|
|
2,771
|
|
|
|
(2,571
|
)
|
|
|
200
|
|
|
Non-compete agreements
|
|
|
2,041
|
|
|
|
(1,758
|
)
|
|
|
283
|
|
|
Other amortizable intangible assets
|
|
|
1,666
|
|
|
|
(1,462
|
)
|
|
|
204
|
|
|
|
|
$
|
62,717
|
|
|
$
|
(54,547
|
)
|
|
$
|
8,170
|
|
|
|
|
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
|
|
|
| Amortizable Intangible Assets, Estimate Amortization Expense |
Based on the amortizable intangible assets as of September 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 (Oct – Dec)
|
|
$
|
1,069
|
|
|
2020
|
|
|
3,265
|
|
|
2021
|
|
|
1,783
|
|
|
2022
|
|
|
1,146
|
|
|
2023
|
|
|
627
|
|
|
Thereafter
|
|
|
280
|
|
|
Total
|
|
$
|
8,170
|
|
|