Note 7 – Goodwill and Intangible Assets

The table below summarizes goodwill by business segment as of June 30, 2019 and December 31, 2018.



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2018	$	14,221	$	5,224	$	19,445
Change in goodwill due to a purchase of business combination		1,225		—		1,225
Foreign currency translation adjustment		(49)		—		(49)
Balance at June 30, 2019	$	15,397	$	5,224	$	20,621

The Company is required to test goodwill and other intangible assets for impairment on an annual basis and, if current events or circumstances require, on an interim basis. Our next annual evaluation of goodwill and other intangible assets is scheduled during the fourth quarter of 2019. To test the impairment of goodwill, the Company compares the fair value of each reporting unit to its carrying amount, including the goodwill, to determine if there is potential goodwill impairment. A reporting unit is generally one level below the operating segment. As of June 30, 2019, we were not aware that any events indicating potential impairment of goodwill had occurred.

The tables below summarize intangible assets other than goodwill as of June 30, 2019 and December 31, 2018, respectively.



	As of June 30, 2019
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	15,044	$	7,257	$	2,149	$	24,450
Less: Accumulated amortization		(14,351)		(5,329)		(1,111)		(20,791)
Net intangible assets other than goodwill	$	693	$	1,928	$	1,038	$	3,659



	As of December 31, 2018
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,592	$	7,254	$	1,951	$	37,797
Less: Accumulated amortization		(24,145)		(5,207)		(1,076)		(30,428)
Net intangible assets other than goodwill	$	4,447	$	2,047	$	875	$	7,369

Beneficial leases are amortized over the life of the lease up to 30 years up until January 1, 2019, when under ASC 842 they were incorporated into the relevant right-of-use asset. Trade names are amortized based on the accelerated amortization method over their estimated useful life of 30 years, and other intangible assets are amortized over their estimated useful lives of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets). The table below summarizes the amortization expense of intangible assets for the quarter and six months ended June 30, 2019.



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2019		2018		2019		2018
Beneficial lease amortization	$	85	$	292	$	164	$	499
Other amortization		104		94		205		189
Total intangible assets amortization	$	189	$	386	$	369	$	688