Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.21.2
Amortizable Intangible Assets
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets
NOTE 10. AMORTIZABLE INTANGIBLE ASSETS
The following tables provide a summary of our significant classes of amortizable intangible assets:
 
    
September 30, 2021
  
            Accumulated         
     Cost      Amortization      Net  
                      
    
(Dollars in thousands)
  
Customer lists and contracts
   
$
23,700
 
   
$
(21,987
) 
   
$
1,713
 
Domain and brand names
   
 
19,875
 
   
 
(19,340
) 
   
 
535
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,955
) 
   
 
233
 
Subscriber base and lists
   
 
8,647
 
   
 
(8,343
) 
   
 
304
 
Author relationships
   
 
2,771
 
   
 
(2,771
) 
   
 
—  
 
Non-compete
agreements
   
 
2,041
 
   
 
(2,041
) 
   
 
—  
 
Other amortizable intangible assets
   
 
1,332
 
   
 
(1,332
) 
   
 
—  
 
    
 
 
     
 
 
     
 
 
  
    
$
60,554
 
   
$
(57,769
) 
   
$
2,785
 
    
 
 
     
 
 
     
 
 
  
 
    
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  
    
 
 
     
 
 
     
 
 
  
Amortization expense was approximately $0.4 million and $0.8 million for the three-month periods ended September 30, 2021 and 2020, respectively and $1.5 million and $2.6 million for the nine-month periods ended September 30, 2021 and 2020, respectively. Based on the amortizable intangible assets as of September 30, 2021, we estimate amortization expense for the next five years to be as follows:
 

Year Ended December 31,
   
Amortization Expense
  
    
(Dollars in thousands)
  
2021 (Oct – Dec)
    $ 341  
2022
      1,219  
2023
      796  
2024
      205  
2025
      21  
Thereafter
      203  
    
 
 
  
Total
    $ 2,785