Annual report pursuant to Section 13 and 15(d)

Amortizable Intangible Assets

v3.20.4
Amortizable Intangible Assets
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets
NOTE 11. AMORTIZABLE INTANGIBLE ASSETS
The following tables provide a summary of our significant classes of amortizable intangible assets:
 
    
As of December 31, 2020
  
            Accumulated         
     Cost      Amortization     
Net
  
    
(Dollars in thousands)
  
Customer lists and contracts
   
$
24,012
 
   
$
(22,533
) 
   
$
1,479
 
Domain and brand names
   
 
20,350
 
   
 
(19,127
) 
   
 
1,223
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,943
) 
   
 
245
 
Subscriber base and lists
   
 
9,886
 
   
 
(8,974
) 
   
 
912
 
Author relationships
   
 
2,771
 
   
 
(2,765
) 
   
 
6
 
Non-compete
agreements
   
 
2,041
 
   
 
(1,954
) 
   
 
87
 
Other amortizable intangible assets
   
 
1,666
 
   
 
(1,601
) 
   
 
65
 
    
 
 
     
 
 
     
 
 
  
    
$
62,914
 
   
$
(58,897
) 
   
$
4,017
 
    
 
 
     
 
 
     
 
 
  
 
    
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 $3.3 million and $4.6 million for the years ended December 31, 2020 and 2019. Based on the amortizable intangible assets as of December 31, 2020, we estimate amortization expense for the next five years to be as follows:
 

Year ended December 31,
   
Amortization Expense
  
    
(Dollars in thousands)
  
2021
    $ 1,846  
2022
      1,209  
2023
      675  
2024
      82  
2025
      8  
Thereafter
      197  
    
 
 
  
Total
    $ 4,017