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Intangible Assets
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
5.

Intangible Assets

The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:

 

                                                 
    June 30,
2018
    December 31,
2017
 

Database

  $     35,877,000     $     33,538,000  

Accumulated amortization

    (25,840,000     (23,705,000
 

 

 

   

 

 

 

Database, net

    10,037,000       9,833,000  
 

 

 

   

 

 

 

Customer relationships

    14,100,000       14,100,000  

Accumulated amortization

    (10,634,000     (10,182,000
 

 

 

   

 

 

 

Customer relationships, net

    3,466,000       3,918,000  
 

 

 

   

 

 

 

Website

    22,215,000       20,729,000  

Accumulated amortization

    (16,433,000     (15,006,000
 

 

 

   

 

 

 

Website, net

    5,782,000       5,723,000  
 

 

 

   

 

 

 

Intangibles, net

  $ 19,285,000     $ 19,474,000  
 

 

 

   

 

 

 

The Company capitalized approximately $1,141,000 and $1,529,000 during the three months ended June 30, 2018 and 2017, respectively, and approximately $2,339,000 and $2,777,000 during the six months ended June 30, 2018 and 2017, respectively, to the database intangible asset. The Company capitalized approximately $735,000 and $871,000 during the three months ended June 30, 2018 and 2017, respectively, and $1,486,000 and $1,751,000 during the six months ended June 30, 2018 and 2017, respectively, to the website intangible asset.

Amortization expense for intangible assets aggregated approximately $2,008,000 and $4,014,000 for the three and six months ended June 30, 2018, of which approximately $1,085,000 and $2,135,000 related to the database, which is charged to cost of sales, approximately $225,000 and $452,000 related to customer relationships, which is charged to sales and marketing expense and approximately $698,000 and $1,427,000 related to website development, which is charged to product development expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $1,696,000 and $3,369,000 for the three and six months ended June 30, 2017, of which approximately $917,000 and $1,789,000 related to the database, approximately $231,000 and $462,000 related to customer relationships and approximately $548,000 and $1,118,000 related to website development.