Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.19.3
Amortizable Intangible Assets
9 Months Ended
Sep. 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 September 30, 2019

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

Cost

 

 

Amortization

 

 

Net

 

 

 

(Dollars in thousands)

 

Customer lists and contracts

 

$

23,833

 

 

$

(21,510

)

 

$

2,323

 

Domain and brand names

 

 

20,332

 

 

 

(17,347

)

 

 

2,985

 

Favorable and assigned leases

 

 

2,188

 

 

 

(1,911

)

 

 

277

 

Subscriber base and lists

 

 

9,886

 

 

 

(7,988

)

 

 

1,898

 

Author relationships

 

 

2,771

 

 

 

(2,571

)

 

 

200

 

Non-compete agreements

 

 

2,041

 

 

 

(1,758

)

 

 

283

 

Other amortizable intangible assets

 

 

1,666

 

 

 

(1,462

)

 

 

204

 

 

 

$

62,717

 

 

$

(54,547

)

 

$

8,170

 

 

 

 

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 $1.6 million for the three month periods ended September 30, 2019 and 2018, respectively, and $3.5 million and $4.6 million for the nine month periods ended September 30, 2019 and 2018, respectively.

Based on the amortizable intangible assets as of September 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 (Oct – Dec)

 

$

1,069

 

2020

 

 

3,265

 

2021

 

 

1,783

 

2022

 

 

1,146

 

2023

 

 

627

 

Thereafter

 

 

280

 

Total

 

$

8,170