Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.19.2
Amortizable Intangible Assets
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets
NOTE 12. AMORTIZABLE INTANGIBLE ASSETS
The following tables provide a summary of our significant classes of amortizable intangible assets:
 
   
As of June 30, 2019
 
          Accumulated        
    Cost     Amortization     Net  
 
 
 
 
 
 
 
 
 
 
   
(Dollars in thousands)
 
Customer lists and contracts
 
$
23,641
   
$
(21,197
 
$
2,444
 
Domain and brand names
   
20,280
     
(16,891
   
3,389
 
Favorable and assigned leases
   
2,188
     
(1,903
   
285
 
Subscriber base and lists
   
9,886
     
(7,727
   
2,159
 
Author relationships
   
2,771
     
(2,532
   
239
 
Non-compete
agreements
   
2,031
     
(1,718
   
313
 
Other amortizable intangible assets
   
1,666
     
(1,434
   
232
 
   
 
 
   
 
 
   
 
 
 
   
$
62,463
   
$
(53,402
 
$
9,061
 
   
 
 
   
 
 
   
 
 
 
   
   
As of December 31, 2018
 
          Accumulated        
    Cost     Amortization     Net  
 
 
 
 
 
 
 
 
 
 
   
(Dollars in thousands)
 
Customer lists and contracts
  $ 24,673     $ (21,798   $ 2,875  
Domain and brand names
    21,358       (16,758     4,600  
Favorable and assigned leases
    2,256       (1,953     303  
Subscriber base and lists
    9,672       (7,198     2,474  
Author relationships
    2,771       (2,454     317  
Non-compete
agreements
    2,048       (1,641     407  
Other amortizable intangible assets
    1,666       (1,378     288  
   
 
 
   
 
 
   
 
 
 
    $ 64,444     $ (53,180   $ 11,264  
   
 
 
   
 
 
   
 
 
 
Amortization expense was approximately $1.1 million and $1.5 million for the three month periods ended June 30, 2019 and 2018, respectively, and $2.4 million and $3.0 million for the six month periods ended June 30, 2019 and 2018, respectively. Based on the amortizable intangible assets as of June 30, 2019, we estimate amortization expense for the next five years to be as follows:
 
Year Ended December 31,
 
Amortization Expense
 
   
(Dollars in thousands)
 
2019 (July – Dec)
  $ 2,190  
2020
    3,203  
2021
    1,723  
2022
    1,098  
2023
    588  
Thereafter
    259  
   
 
 
 
Total
  $ 9,061