Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.22.2
Amortizable Intangible Assets
 6 Months Ended
Jun. 30, 2022
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:
 
    
As of June 30, 2022
  
            Accumulated         
     Cost      Amortization     
Net
  
    
(Dollars in thousands)
  
Customer lists and contracts
    $ 23,700     
$
(22,609
) 
   
$
1,091
 
Domain and brand names
      19,886     
 
(19,581
) 
   
 
305
 
Favorable and assigned leases
      2,188     
 
(1,968
) 
   
 
220
 
Subscriber base and lists
      8,647     
 
(8,474
) 
   
 
173
 
Author relationships
      2,771     
 
(2,771
) 
      —    
Non-compete
agreements
      2,052     
 
(2,042
) 
   
 
10
 
Other amortizable intangible assets
      1,332     
 
(1,332
) 
      —    
    
 
 
     
 
 
     
 
 
  
     $ 60,576     
$
(58,777
) 
   
$
1,799
 
    
 
 
     
 
 
     
 
 
  
 
    
As of December 31, 2021
  
            Accumulated         
     Cost      Amortization      Net  
    
(Dollars in thousands)
  
Customer lists and contracts
    $ 23,700      $ (22,198 )     $ 1,502  
Domain and brand names
      19,875        (19,421 )       454  
Favorable and assigned leases
      2,188        (1,960 )       228  
Subscriber base and lists
      8,647        (8,387 )       260  
Author relationships
      2,771        (2,771 )       —    
Non-compete
agreements
      2,041        (2,041 )       —    
Other amortizable intangible assets
      1,332        (1,332 )       —    
    
 
 
     
 
 
     
 
 
  
     $60,554      $(58,110)      $2,444  
    
 
 
     
 
 
     
 
 
  
Amortization expense was approximately $0.3 million and $0.5 million for the three-month periods ended June 30, 2022 and 2021, respectively and $0.7 million and $1.1 million for the
six-month
periods ended June 30, 2022 and 2021, respectively. Based on the amortizable intangible assets held at of June 30, 2022, we estimate amortization expense for the next five years to be as follows:
 
Year Ended December 31,
   
Amortization Expense
  
    
(Dollars in thousands)
  
2022 (July – Dec)
    $ 557  
2023
      803  
2024
      209  
2025
      24  
2026
      14  
Thereafter
      192  
    
 
 
  
Total
    $ 1,799