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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Intangible Assets  
Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

Gross carrying

 

Accumulated

 

Net carrying

 

Weighted average

 

 

 

amount

 

amortization

 

amount

 

useful life (years)

 

Customer relationships

 

$

4,003

 

$

(3,074)

 

$

929

 

3.7

 

Artist relationships

 

 

12,230

 

 

(11,336)

 

 

894

 

4.1

 

Media content

 

 

91,491

 

 

(91,333)

 

 

158

 

5.1

 

Technology

 

 

6,204

 

 

(6,156)

 

 

48

 

4.6

 

Non-compete agreements

 

 

25

 

 

(25)

 

 

 —

 

3.0

 

Trade names

 

 

18,276

 

 

(7,716)

 

 

10,560

 

9.9

 

 

 

$

132,229

 

$

(119,640)

 

$

12,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

Gross carrying

 

Accumulated

 

Net carrying

 

Weighted average

 

 

 

amount

 

amortization

 

amount

 

useful life (years)

 

Customer relationships

 

$

4,003

 

$

(2,219)

 

$

1,784

 

3.7

 

Artist relationships

 

 

12,223

 

 

(11,007)

 

 

1,216

 

4.1

 

Media content

 

 

91,489

 

 

(91,215)

 

 

274

 

5.1

 

Technology

 

 

6,204

 

 

(5,682)

 

 

522

 

4.6

 

Non-compete agreements

 

 

25

 

 

(25)

 

 

 —

 

3.0

 

Trade names

 

 

16,257

 

 

(6,120)

 

 

10,137

 

9.9

 

 

 

$

130,201

 

$

(116,268)

 

$

13,933

 

 

 

 

Amortization Expense by Classification

Total amortization expense for the periods shown below includes (in thousands):

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

    

2019

    

2018

 

Service costs

 

$

118

 

$

1,035

 

Sales and marketing

 

 

1,177

 

 

948

 

Product development

 

 

474

 

 

931

 

General and administrative

 

 

1,584

 

 

1,157

 

Total amortization

 

$

3,353

 

$

4,071

 

 

Estimated future amortization expense

Based upon the current amount of intangible assets subject to amortization, the estimated amortization expense for the next five years as of December 31, 2019 is as follows (in thousands):

 

 

 

 

 

 

 

Estimated

 

 

    

Amortization

 

Year ending December 31,

 

 

 

 

2020

 

$

2,439

 

2021

 

$

2,012

 

2022

 

$

1,772

 

2023

 

$

1,502

 

2024

 

$

1,225

 

Thereafter

 

$

3,639