INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes information relating to the Company's acquired amortizable intangible assets:


	As of September 30, 2021						As of December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Estimated Useful Lives
Customer relationships	$	6,113,669	$	(3,885,700)	$	2,227,969	$	6,052,598	$	(3,478,742)	$	2,573,856	3 to 18 years
Trade names	1,081,083		(964,996)		116,087		1,081,083		(894,189)		186,894		2 to 5 years
Other amortizable intangibles	58,398		(40,947)		17,451		56,747		(36,381)		20,366		1 to 15 years
	$	7,253,150	$	(4,891,643)	$	2,361,507	$	7,190,428	$	(4,409,312)	$	2,781,116


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Amortization expense related to amortizable intangible assets	$	155,223	$	172,589	$	482,331	$	556,719

The carrying amount of indefinite-lived cable television franchises and goodwill is presented below:










	Indefinite-lived Cable Television Franchises		Goodwill
Balance as of December 31, 2020	$	13,068,017	$	8,160,566
Indefinite-lived cable television franchises and goodwill recorded in connection with acquisitions	148,338		45,799
Balance as of September 30, 2021	$	13,216,355	$	8,206,365

In April 2021, the Company completed its acquisition of the cable assets of Morris Broadband, LLC in North Carolina for cash of approximately $312,184. In connection with the acquisition, the Company recorded indefinite-lived cable television franchise rights of $148,338, customer relationships of $58,777, and goodwill of $33,497 based on a preliminary allocation of the purchase price. In addition, the Company recorded property, plant and equipment of $71,586.

In June 2021, Lightpath completed an acquisition for an aggregate net cash purchase price of approximately $28,260, subject to certain closing adjustments as set forth in the asset purchase agreement, and recorded customer relationships of $2,294, goodwill of $12,302, and property, plant and equipment of $14,649.