Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.20.2
Amortizable Intangible Assets
 9 Months Ended
Sep. 30, 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 September 30, 2020
  
     Cost      Accumulated
Amortization		      Net  
    
(Dollars in thousands)
  
Customer lists and contracts
    $
24,012
 
    $
(22,371
) 
    $
1,641
 
Domain and brand names
   
 
20,350
 
   
 
(18,806
) 
   
 
1,544
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,939
) 
   
 
249
 
Subscriber base and lists
   
 
9,886
 
   
 
(8,863
) 
   
 
1,023
 
Author relationships
   
 
2,771
 
   
 
(2,726
) 
   
 
45
 
Non-compete
agreements
   
 
2,041
 
   
 
(1,917
) 
   
 
124
 
Other amortizable intangible assets
   
 
1,666
 
   
 
(1,573
) 
   
 
93
 
  
 
 
     
 
 
     
 
 
  
   $
62,914
 
    $
(58,195
) 
    $
4,719
 
  
 
 
     
 
 
     
 
 
  
 
    
As of December 31, 2019
  
     Cost      Accumulated
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 $0.8 million and $1.1 million for
the
 
three
months ended September 
30, 2020 and 2019, respectively and $2.6 million and $3.5 million for the
nine months ended September 
30, 2020 and 2019, respectively. Based on the amortizable intangible assets as of September 30, 2020, we estimate amortization expense for the next five years to be as follows:
 
Year Ended December 31,
 
Amortization Expense
 
    
(Dollars in thousands)
  
2020 (Oct – Dec)
    $ 702  
2021
      1,846  
2022
      1,209  
2023
      675  
2024
      82  
Thereafter
      205  
  
 
 
  
Total
    $ 4,719