Salem Media Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

AMORTIZABLE INTANGIBLE ASSETS

AMORTIZABLE INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2016

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 December 31, 2016
			Accumulated
	Cost		Amortization		Net
	(Dollars in thousands)
Customer lists and contracts	$	22,599	$	(20,070)	$	2,529
Domain and brand names		19,821		(12,970)		6,851
Favorable and assigned leases		2,379		(1,972)		407
Subscriber base and lists		7,972		(5,304)		2,668
Author relationships		2,771		(1,824)		947
Non-compete agreements		2,018		(1,012)		1,006
Other amortizable intangible assets		1,336		(1,336)
	$	58,896	$	(44,488)	$	14,408

	As of December 31, 2015
			Accumulated
	Cost		Amortization		Net
	(Dollars in thousands)
Customer lists and contracts	$	20,009	$	(18,914)	$	1,095
Domain and brand names		16,619		(11,200)		5,419
Favorable and assigned leases		2,379		(1,887)		492
Subscriber base and lists		7,313		(3,808)		3,505
Author relationships		2,245		(1,523)		722
Non-compete agreements		1,034		(786)		248
Other amortizable intangible assets		1,336		(1,336)
	$	50,935	$	(39,454)	$	11,481

Amortization expense was approximately $5.1 million, $5.3 million and $6.2 million for the years ended December 31, 2016, 2015, and 2014, respectively. Based on the amortizable intangible assets as of December 31, 2016, we estimate amortization expense for the next five years to be as follows:

Year ended December 31,	Amortization Expense
	(Dollars in thousands)
2017	$	4,356
2018		3,917
2019		3,347
2020		2,056
2021		503
Thereafter		229
Total	$	14,408