Salem Media Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

AMORTIZABLE INTANGIBLE ASSETS

AMORTIZABLE INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2017

Intangible Assets Disclosure [Abstract]

AMORTIZABLE INTANGIBLE ASSETS

NOTE 10. AMORTIZABLE INTANGIBLE ASSETS

The following tables provide details, by major category, of the significant classes of amortizable intangible assets:

	As of March 31, 2017
			Accumulated
	Cost		Amortization		Net
	(Dollars in thousands)
Customer lists and contracts	$	22,577	$	(20,240)	$	2,337
Domain and brand names		19,517		(13,120)		6,397
Favorable and assigned leases		2,379		(1,990)		389
Subscriber base and lists		6,481		(3,996)		2,485
Author relationships		2,771		(1,954)		817
Non-compete agreements		2,018		(1,095)		923
Other amortizable intangible assets		1,333		(1,333)
	$	57,076	$	(43,728)	$	13,348

	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

Amortization expense was approximately $1.1 million for each of the three month periods ending March 31, 2017 and 2016. Based on the amortizable intangible assets as of March 31, 2017, we estimate amortization expense for the next five years to be as follows:

Year Ended December 31,	Amortization Expense
	(Dollars in thousands)
2017 (April Dec)	$	3,227
2018		3,933
2019		3,364
2020		2,072
2021		520
Thereafter		232
Total	$	13,348