Intangible and Other Non-Current Assets

9 Months Ended

Sep. 30, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Intangible and Other Non-Current Assets

INTANGIBLE AND OTHER NON-CURRENT ASSETS

Intangible and other non-current assets at December 31, 2019 and September 30, 2020 are as follows (in thousands):

	December 31, 2019		September 30, 2020
Tradenames	$	25,233	$	23,565
Prepaid agreements not-to-compete, net of accumulated amortization of $7,195 and $7,528, respectively	3,915		2,915
Capitalized commissions on preneed contracts, net of accumulated amortization of $1,127 and $1,144, respectively	2,818		3,085
Other	150		69
Intangible and other non-current assets, net	$	32,116	$	29,634

During the three months ended September 30, 2020, we divested four funeral homes that had a carrying value of Tradenames of $1.0 million, which was included in the gain or loss on the sale of divestitures and recorded in Net loss on divestitures and impairment charges on our Consolidated Statements of Operations. See Notes 1, 3 and 5 to the Consolidated

Financial Statements included herein, for a discussion of the methodology used for our indefinite-lived intangible asset impairment test and discussion of our acquisitions and divestitures, respectively.

Prepaid agreements not-to-compete are amortized over the term of the respective agreements, ranging generally from one to ten years. Amortization expense was $177,000 and $175,000 for the three months ended September 30, 2019 and 2020, respectively and $513,000 and $551,000 for the nine months ended September 30, 2019 and 2020, respectively. During the three months ended September 30, 2020, we divested three funeral homes that had a carrying value of Prepaid agreements not-to-compete of $0.5 million, which was included in the gain or loss on the sale of divestitures and recorded in Net loss on divestitures and impairment charges on our Consolidated Statements of Operations. See Note 5 to the Consolidated Financial Statements included herein, for a discussion of our divestitures.

Amortization expense related to capitalized commissions totaled $140,000 and $145,000 for the three months ended September 30, 2019 and 2020, respectively and $417,000 and $430,000 for the nine months ended September 30, 2019 and 2020, respectively.

The aggregate amortization expense for our intangible assets subject to amortization as of September 30, 2020 is as follows (in thousands):

	Non-Compete Agreements		Capitalized Commissions
Years ending December 31,
Remainder of 2020	$	160	$	149
2021	588		565
2022	481		519
2023	434		464
2024	380		401
Thereafter	872		987
Total amortization expense	$	2,915	$	3,085