Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.23.1
Amortizable Intangible Assets
 3 Months Ended
Mar. 31, 2023
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 March 31, 2023
  
            Accumulated         
     Cost      Amortization      Net  
                      
    
(Dollars in thousands)
  
Customer lists and contracts
   
$
24,186
 
   
$
(23,216
) 
   
$
970
 
Domain and brand names
   
 
20,696
 
   
 
(19,782
) 
   
 
914
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,976
) 
   
 
212
 
Subscriber base and lists
   
 
10,416
 
   
 
(8,650
) 
   
 
1,766
 
Author relationships
   
 
3,070
 
   
 
(2,796
) 
   
 
274
 
Non-compete
agreements
   
 
3,653
 
   
 
(2,135
) 
   
 
1,518
 
Other amortizable intangible assets
   
 
1,411
 
   
 
(1,371
) 
   
 
40
 
    
 
 
     
 
 
     
 
 
  
    
$
65,620
 
   
$
(59,926
) 
   
$
5,694
 
    
 
 
     
 
 
     
 
 
  
 
    
As of December 31, 2022
  
            Accumulated         
     Cost      Amortization      Net  
    
(Dollars in thousands)
  
Customer lists and contracts
   
$
24,186
 
   
$
(23,006
) 
   
$
1,180
 
Domain and brand names
   
 
19,978
 
   
 
(19,704
) 
   
 
274
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,975
) 
   
 
213
 
Subscriber base and lists
   
 
8,647
 
   
 
(8,531
) 
   
 
116
 
Author relationships
   
 
3,070
 
   
 
(2,771
) 
   
 
299
 
Non-compete
agreements
   
 
2,052
 
   
 
(2,044
) 
   
 
8
 
Other amortizable intangible assets
   
 
1,411
 
   
 
(1,352
) 
   
 
59
 
    
 
 
     
 
 
     
 
 
  
    
$61,532
     
$(59,383)
     
$2,149
  
    
 
 
     
 
 
     
 
 
  
Amortization expense was approximately $0.5 million and $0.3 million for the three-month periods ended March 31, 2023 and 2022, respectively. Based on the amortizable intangible assets held at of March 31, 2023, we estimate amortization expense for the next five years to be as follows:
 

Year Ended December 31,
   
Amortization Expense
  
    
(Dollars in thousands)
  
2023 (Apr – Dec)
   
$
1,695
 
2024
   
 
1,692
 
2025
   
 
1,506
 
2026
   
 
367
 
2027
   
 
237
 
Thereafter
   
 
197
 
    
 
 
  
Total
   
$
5,694