Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.20.1
Amortizable Intangible Assets
 3 Months Ended
Mar. 31, 2020
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 March 31, 2020
  
            Accumulated         
     Cost      Amortization      Net  
    
(Dollars in thousands)
  
Customer lists and contracts
   
$
23,833
 
   
$
(22,076
) 
   
$
1,757
 
Domain and brand names
   
 
20,332
 
   
 
(18,101
) 
   
 
2,231
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,929
) 
   
 
259
 
Subscriber base and lists
   
 
9,886
 
   
 
(8,494
) 
   
 
1,392
 
Author relationships
   
 
2,771
 
   
 
(2,648
) 
   
 
123
 
Non-compete
agreements
   
 
2,041
 
   
 
(1,838
) 
   
 
203
 
Other amortizable intangible assets
   
 
1,666
 
   
 
(1,518
) 
   
 
148
 
  
 
 
     
 
 
     
 
 
  
  
$
62,717
 
   
$
(56,604
) 
   
$
6,113
 
  
 
 
     
 
 
     
 
 
  
 
    
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  
  
 
 
     
 
 
     
 
 
  
Amortization expense was approximately $1.0 million and $1.3 million for the three month periods ended March 31, 2020 and 2019, respectively. Based on the amortizable intangible assets as of March 31, 2020, we estimate amortization expense for the next five years to be as follows:
 
Year Ended December 31,
   
Amortization Expense
  
    
(Dollars in thousands)
  
2020 (Apr – Dec)
    $ 2,278  
2021
      1,782  
2022
      1,146  
2023
      627  
2024
      78  
Thereafter
      202  
  
 
 
  
Total
    $ 6,113