Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.20.2
Amortizable Intangible Assets
9 Months Ended
Sep. 30, 2020
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, 2020
 
     Cost      Accumulated
Amortization
     Net  
    
(Dollars in thousands)
 
Customer lists and contracts
   $
24,012
 
   $
(22,371
   $
1,641
 
Domain and brand names
  
 
20,350
 
  
 
(18,806
  
 
1,544
 
Favorable and assigned leases
  
 
2,188
 
  
 
(1,939
  
 
249
 
Subscriber base and lists
  
 
9,886
 
  
 
(8,863
  
 
1,023
 
Author relationships
  
 
2,771
 
  
 
(2,726
  
 
45
 
Non-compete
agreements
  
 
2,041
 
  
 
(1,917
  
 
124
 
Other amortizable intangible assets
  
 
1,666
 
  
 
(1,573
  
 
93
 
  
 
 
    
 
 
    
 
 
 
   $
62,914
 
   $
(58,195
   $
4,719
 
  
 
 
    
 
 
    
 
 
 
 
    
As of December 31, 2019
 
     Cost      Accumulated
Amortization
     Net  
    
(Dollars in thousands)
 
Customer lists and contracts
   $ 23,833      $ (21,823    $ 2,010  
Domain and brand names
     20,332        (17,727      2,605  
Favorable and assigned leases
     2,188        (1,920      268  
Subscriber base and lists
     9,886        (8,251      1,635  
Author relationships
     2,771        (2,609      162  
Non-compete
agreements
     2,041        (1,798      243  
Other amortizable intangible assets
     1,666        (1,489      177  
  
 
 
    
 
 
    
 
 
 
     $62,717      $ (55,617      $7,100  
  
 
 
    
 
 
    
 
 
 
Amortization expense was approximately $0.8 million and $1.1 million for
the
 
three
months ended September 
30, 2020 and 2019, respectively and $2.6 million and $3.5 million for the
nine months ended September 
30, 2020 and 2019, respectively. Based on the amortizable intangible assets as of September 30, 2020, we estimate amortization expense for the next five years to be as follows:
 
Year Ended December 31,
 
Amortization Expense
 
    
(Dollars in thousands)
 
2020 (Oct – Dec)
   $ 702  
2021
     1,846  
2022
     1,209  
2023
     675  
2024
     82  
Thereafter
     205  
  
 
 
 
Total
   $ 4,719