Quarterly report pursuant to Section 13 or 15(d)

AMORTIZABLE INTANGIBLE ASSETS

v3.7.0.1
AMORTIZABLE INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2017
Intangible Assets Disclosure [Abstract]  
AMORTIZABLE INTANGIBLE ASSETS
NOTE 10. AMORTIZABLE INTANGIBLE ASSETS
 
The following tables provide details, by major category, of the significant classes of amortizable intangible assets:
 
 
 
As of June 30, 2017
 
 
 
 
 
Accumulated
 
 
 
 
 
Cost
 
Amortization
 
Net
 
 
 
(Dollars in thousands)
 
Customer lists and contracts
 
$
22,577
 
$
(20,460)
 
$
2,117
 
Domain and brand names
 
 
19,517
 
 
(13,629)
 
 
5,888
 
Favorable and assigned leases
 
 
2,379
 
 
(2,007)
 
 
372
 
Subscriber base and lists
 
 
6,481
 
 
(4,180)
 
 
2,301
 
Author relationships
 
 
2,771
 
 
(2,084)
 
 
687
 
Non-compete agreements
 
 
2,018
 
 
(1,179)
 
 
839
 
Other amortizable intangible assets
 
 
1,333
 
 
(1,333)
 
 
—
 
 
 
$
57,076
 
$
(44,872)
 
$
12,204
 
 
 
 
As of December 31, 2016
 
 
 
 
 
Accumulated
 
 
 
 
 
Cost
 
Amortization
 
Net
 
 
 
(Dollars in thousands)
 
Customer lists and contracts
 
$
22,599
 
$
(20,070)
 
$
2,529
 
Domain and brand names
 
 
19,821
 
 
(12,970)
 
 
6,851
 
Favorable and assigned leases
 
 
2,379
 
 
(1,972)
 
 
407
 
Subscriber base and lists
 
 
7,972
 
 
(5,304)
 
 
2,668
 
Author relationships
 
 
2,771
 
 
(1,824)
 
 
947
 
Non-compete agreements
 
 
2,018
 
 
(1,012)
 
 
1,006
 
Other amortizable intangible assets
 
 
1,336
 
 
(1,336)
 
 
—
 
 
 
$
58,896
 
$
(44,488)
 
$
14,408
 
 
Amortization expense was approximately $1.2 million for each of the three month periods ended June 30, 2017 and 2016, and $2.3 million for each of the six month periods ended June 30, 2017 and 2016. Based on the amortizable intangible assets as of June 30, 2017, we estimate amortization expense for the next five years to be as follows:
 
Year Ended December 31,
 
Amortization Expense
 
 
 
(Dollars in thousands)
 
2017 (July – Dec)
 
$
2,084
 
2018
 
 
3,933
 
2019
 
 
3,363
 
2020
 
 
2,072
 
2021
 
 
520
 
Thereafter
 
 
232
 
Total
 
$
12,204