Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.19.1
Amortizable Intangible Assets
3 Months Ended
Mar. 31, 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 March 31, 2019  
            Accumulated         
     Cost      Amortization      Net  
     (Dollars in thousands)  

Customer lists and contracts

   $ 23,456      $ (20,896    $ 2,560  

Domain and brand names

     20,236        (16,434      3,802  

Favorable and assigned leases

     2,188        (1,894      294  

Subscriber base and lists

     9,570        (7,477      2,093  

Author relationships

     2,771        (2,493      278  

Non-compete agreements

     2,031        (1,679      352  

Other amortizable intangible assets

     1,666        (1,406      260  
  

 

 

    

 

 

    

 

 

 
   $ 61,918      $ (52,279    $ 9,639  
  

 

 

    

 

 

    

 

 

 
     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 $1.3 million and $1.5 million for the three month period ended March 31, 2019 and 2018, respectively. Based on the amortizable intangible assets as of March 31, 2019, we estimate amortization expense for the next five years to be as follows:

 

Year Ended December 31,

   Amortization Expense  
   (Dollars in thousands)  

2019 (Apr – Dec)

   $ 3,250  

2020

     3,094  

2021

     1,614  

2022

     989  

2023

     479  

Thereafter

     213  
  

 

 

 

Total

   $ 9,639