Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.10.0.1
Intangible Assets
9 Months Ended
Sep. 30, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets

Intangible assets are as follows (in thousands): 

    September 30, 2018     December 31, 2017  
    Gross Carrying Amount     Accumulated Amortization     Total     Gross Carrying Amount     Accumulated Amortization     Total  
Subscriber acquisition costs   $ 135,321     $ (28,024 )   $ 107,297     $ 77,189     $ (20,918 )   $ 56,271  
Tradenames and trademarks     65,600       (10,079 )     55,521       13,146       (6,174 )     6,972  
Proprietary technology     15,320       (1,673 )     13,647       -       -       -  
Noncompete agreement     -                       3,000       (3,000 )     -  
Commissions     -                       7,683       (2,092 )     5,591  
Total acquired intangibles   $ 216,241     $ (39,776 )   $ 176,465     $ 101,018     $ (32,184 )   $ 68,834  

 

During the three months ended September 30, 2018 and 2017, the Company recorded no impairment charges. During the nine months ended September 30, 2018 and 2017, the Company recorded impairment charges on certain intangible assets of $2.3 million and $0, respectively.

 

For the three months ended September 30, 2018 and 2017, amortization expense was $7.1 million and $6.0 million, respectively. For the nine months ended September 30, 2018 and 2017, amortization expense was $18.0 million and $17.6 million, respectively. As of September 30, 2018, estimated future aggregate amortization expense is expected to be as follows (in thousands):

 

          remainder of 2018   $ 7,072  
2019     23,737  
2020     23,737  
2021     20,787  
2022     18,630  
Thereafter     82,502  
    $ 176,465