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AMORTIZING INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible assets and liabilities subject to amortization

Details regarding our intangible assets, all of which are subject to amortization, follow:

 

 

 

September 30, 2019

 

 

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net

 

 

 

(In thousands)

 

Favorable gas gathering contracts

 

$

24,195

 

 

$

(14,891

)

 

$

9,304

 

Contract intangibles

 

 

278,448

 

 

 

(163,152

)

 

 

115,296

 

Rights-of-way

 

 

160,460

 

 

 

(41,287

)

 

 

119,173

 

Total intangible assets

 

$

463,103

 

 

$

(219,330

)

 

$

243,773

 

 

 

 

December 31, 2018

 

 

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net

 

 

 

(In thousands)

 

Favorable gas gathering contracts

 

$

24,195

 

 

$

(13,905

)

 

$

10,290

 

Contract intangibles

 

 

278,448

 

 

 

(143,962

)

 

 

134,486

 

Rights-of-way

 

 

166,209

 

 

 

(37,569

)

 

 

128,640

 

Total intangible assets

 

$

468,852

 

 

$

(195,436

)

 

$

273,416

 

 

Recognized amortization expense in other revenues and cost and expenses

We recognized amortization expense in Other revenues as follows:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Amortization expense – favorable gas gathering contracts

 

$

(234

)

 

$

(389

)

 

$

(986

)

 

$

(1,166

)

We recognized amortization expense in costs and expenses as follows:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Amortization expense – contract intangibles

 

$

6,396

 

 

$

6,535

 

 

$

19,190

 

 

$

19,605

 

Amortization expense – rights-of-way

 

 

1,573

 

 

 

1,641

 

 

 

4,694

 

 

 

4,818

 

Estimated aggregate annual amortization expected to be recognized

The estimated aggregate annual amortization expected to be recognized for the remainder of 2019 and each of the four succeeding fiscal years follows.

 

 

 

Intangible assets

 

 

 

(In thousands)

 

2019

 

$

8,003

 

2020

 

 

32,073

 

2021

 

 

28,381

 

2022

 

 

25,314

 

2023

 

 

25,260