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

6 Months Ended

Jun. 30, 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 June 30, 2017
			Accumulated
	Cost		Amortization		Net
	(Dollars in thousands)
Customer lists and contracts	$	22,577	$	(20,460)	$	2,117
Domain and brand names		19,517		(13,629)		5,888
Favorable and assigned leases		2,379		(2,007)		372
Subscriber base and lists		6,481		(4,180)		2,301
Author relationships		2,771		(2,084)		687
Non-compete agreements		2,018		(1,179)		839
Other amortizable intangible assets		1,333		(1,333)
	$	57,076	$	(44,872)	$	12,204

	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 $1.2 million for each of the three month periods ended June 30, 2017 and 2016, and $2.3 million for each of the six month periods ended June 30, 2017 and 2016. Based on the amortizable intangible assets as of June 30, 2017, we estimate amortization expense for the next five years to be as follows:

Year Ended December 31,	Amortization Expense
	(Dollars in thousands)
2017 (July Dec)	$	2,084
2018		3,933
2019		3,363
2020		2,072
2021		520
Thereafter		232
Total	$	12,204