Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

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Amortizable Intangible Assets
9 Months Ended
Sep. 30, 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:

 

     September 30, 2018  
            Accumulated         
     Cost      Amortization      Net  
     (Dollars in thousands)  

Customer lists and contracts

   $ 24,673      $ (21,498    $ 3,175  

Domain and brand names

     21,358        (16,218      5,140  

Favorable and assigned leases

     2,256        (1,944      312  

Subscriber base and lists

     9,672        (6,548      3,124  

Author relationships

     2,771        (2,416      355  

Non-compete agreements

     2,048        (1,571      477  

Other amortizable intangible assets

     1,666        (1,350      316  
  

 

 

    

 

 

    

 

 

 
   $ 64,444      $ (51,545    $ 12,899  
  

 

 

    

 

 

    

 

 

 

 

     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 $1.6 million and $1.1 million for each of the three month periods ended September 30, 2018 and 2017, respectively, and $4.6 million and $3.4 million for each of the nine month periods ended September 30, 2018 and 2017, respectively. Based on the amortizable intangible assets as of September 30, 2018, we estimate amortization expense for the next five years to be as follows:

 


Year Ended December 31,

   Amortization Expense  
     (Dollars in thousands)  

2018 (Oct – Dec)

   $ 1,635  

2019

     4,699  

2020

     3,275  

2021

     1,654  

2022

     969  

Thereafter

     667  
  

 

 

 

Total

   $ 12,899