Annual report pursuant to Section 13 and 15(d)

Amortizable Intangible Assets

v3.20.1
Amortizable Intangible Assets
 12 Months Ended
Dec. 31, 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 December 31, 2019
  
            Accumulated         
     Cost      Amortization     
Net
  
    
(Dollars
 in
 thousands)
  
Customer lists and contracts
   
$
23,833
     
$
(21,823
)
 		   
$
2,010
  
Domain and brand names
   
 
20,332
 
   
 
(17,727
) 
   
 
2,605
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,920
) 
   
 
268
 
Subscriber base and lists
   
 
9,886
 
   
 
(8,251
) 
   
 
1,635
 
Author relationships
   
 
2,771
 
   
 
(2,609
) 
   
 
162
 
Non-compete agreements
   
 
2,041
 
   
 
(1,798
) 
   
 
243
 
Other amortizable intangible assets
   
 
1,666
 
   
 
(1,489
) 
   
 
177
 
  
 
 
     
 
 
     
 
 
  
  
$
62,717
     
$
(55,617
)
 		   
$
7,100
  
  
 
 
     
 
 
     
 
 
  
 
    
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 $4.6
 
million and $6.2 million for the years ended December 31, 2019 and 2018. Based on the amortizable intangible assets as of December 31, 2019, we estimate amortization expense for the next five years to be as follows:
 
Year ended December 31,
 
Amortization Expense
 
 
    
(Dollars in thousands)
  
2020
    $ 3,265  
2021
      1,782  
2022
      1,146  
2023
      627  
2024
      78  
Thereafter
      202  
  
 
 
  
Total
    $ 7,100