Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

v3.22.2.2
Amortizable Intangible Assets
 9 Months Ended
Sep. 30, 2022
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, 2022
  
            Accumulated         
     Cost      Amortization     
Net
  
    
(Dollars in thousands)
  
Customer lists and contracts
   
$
23,700
 
   
$
(22,795
) 
   
$
905
 
Domain and brand names
   
 
19,886
 
   
 
(19,650
) 
   
 
236
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,972
) 
   
 
216
 
Subscriber base and lists
   
 
8,647
 
   
 
(8,511
) 
   
 
136
 
Author relationships
   
 
2,771
 
   
 
(2,771
) 
   
 
—  
 
Non-compete
agreements
   
 
2,052
 
   
 
(2,043
) 
   
 
9
 
Other amortizable intangible assets
   
 
1,332
 
   
 
(1,332
) 
   
 
—  
 
    
 
 
     
 
 
     
 
 
  
    
$
60,576
 
   
$
(59,074
) 
   
$
1,502
 
    
 
 
     
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
    
As of December 31, 2021
  
            Accumulated         
     Cost      Amortization      Net  
    
(Dollars in thousands)
  
Customer lists and contracts
   
$
23,700
 
   
$
(22,198
) 
   
$
1,502
 
Domain and brand names
   
 
19,875
 
   
 
(19,421
) 
   
 
454
 
Favorable and assigned leases
   
 
2,188
 
   
 
(1,960
) 
   
 
228
 
Subscriber base and lists
   
 
8,647
 
   
 
(8,387
) 
   
 
260
 
Author relationships
   
 
2,771
 
   
 
(2,771
) 
   
 
—  
 
Non-compete
agreements
   
 
2,041
 
   
 
(2,041
) 
   
 
—  
 
Other amortizable intangible assets
   
 
1,332
 
   
 
(1,332
) 
   
 
—  
 
    
 
 
     
 
 
     
 
 
  
    
$60,554
     
$(58,110)
     
$2,444
  
    
 
 
     
 
 
     
 
 
  
Amortization expense was approximately $0.3 million and $0.4 million for the three-month periods ended September 30, 2022 and 2021, respectively, and $1.0 million and $1.5 million for the nine-month periods ended September 30, 2022 and 2021, respectively. Based on the amortizable intangible assets as of September 30, 2022, we estimate amortization expense for the next five years to be as follows:
 
 
 
 
 
 
Year Ended December 31,
   
Amortization Expense
  
    
(Dollars in thousands)
  
2022 (Oct – Dec)
   
$
260
 
2023
   
 
803
 
2024
   
 
209
 
2025
   
 
24
 
2026
   
 
14
 
Thereafter
   
 
192
 
    
 
 
  
Total
   
$
1,502