Annual report pursuant to Section 13 and 15(d)

Amortizable Intangible Assets

v3.19.1
Amortizable Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets

NOTE 10. AMORTIZABLE INTANGIBLE ASSETS

The following tables provide a summary of our significant classes of amortizable intangible assets:

 

     As of December 31, 2018  
     Cost      Accumulated
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  
  

 

 

    

 

 

    

 

 

 
     As of December 31, 2017  
     Cost      Accumulated
Amortization
     Net  
     (Dollars in thousands)  

Customer lists and contracts

   $ 22,865      $ (20,888    $ 1,977  

Domain and brand names

     20,109        (14,650      5,459  

Favorable and assigned leases

     2,379        (2,028      351  

Subscriber base and lists

     8,797        (4,701      4,096  

Author relationships

     2,771        (2,237      534  

Non-compete agreements

     2,029        (1,342      687  

Other amortizable intangible assets

     1,333        (1,333      —    
  

 

 

    

 

 

    

 

 

 
     $60,283      $(47,179)      $13,104  
  

 

 

    

 

 

    

 

 

 

Amortization expense was approximately $6.2 million and $4.6 million for the years ended December 31, 2018 and 2017. Based on the amortizable intangible assets as of December 31, 2018, we estimate amortization expense for the next five years to be as follows:

 

Year ended December 31,

  

Amortization Expense

 
     (Dollars in thousands)  

2019

   $ 4,699  

2020

     3,275  

2021

     1,654  

2022

     969  

2023

     459  

Thereafter

     208  
  

 

 

 

Total

   $ 11,264