3. Programming Rights

Programming rights are comprised of the following:

	As of December 31,			As of September 30,
	2014			2015
	(In thousands)
Programming rights—non-affiliates
Acquired programming
Licensed for less than 12 years	$	298,731		$	283,874
Original programming
Licensed for less than 12 years	200,760			234,414
Licensed for 12 years or longer	62,585			99,459
Owned	43,271			61,033
Programming rights—Hallmark Cards affiliates
Licensed for less than 12 years	25,694			26,354

Programming rights, at cost	631,041			705,134
Accumulated amortization	(325,046		)	(397,751		)

Programming rights available for broadcast	305,995			307,383
Owned programming in development	1,619			16,260

Programming rights, net	$	307,614		$	323,643

In the regular course of evaluating the remaining usefulness of its various program rights, the Company may determine that certain rights may be of little future value. In such instances, the Company shortens the estimated remaining life of the asset, often to zero, thereby accelerating amortization of the remaining net book value. During both the three months ended September 30, 2014 and 2015, no such changes in estimates resulted in additional amortization of programming rights. During the nine months ended September 30, 2014 and 2015, such changes in estimates resulted in additional amortization of programming rights of $7,000 and $30,000, respectively.

At December 31, 2014 and September 30, 2015, $39.8 million and $39.7 million, respectively, of programming rights were included in prepaid programming rights in the accompanying unaudited condensed consolidated balance sheets. The various license periods associated with such amounts had not commenced as of the respective balance sheet dates.

Programming rights payable are comprised of the following:

	As of December 31,			As of September 30,
	2014			2015
	(In thousands)
Programming rights payable—non-affiliates
Acquired programming	$	88,856		$	70,148
Original programming	9,923			13,219
Programming rights payable—Hallmark Cards affiliates	13,623			12,398

Total programming rights payable	112,402			95,765
Less current maturities	(66,726		)	(61,543		)

Long-term programming rights payable	$	45,676		$	34,222