

(Dollars in thousands)	Cinema		Real Estate		Total
Balance at January 1, 2021	$	22,892	$	5,224	$	28,116
Foreign currency translation adjustment		(1,358)		—		(1,358)
Balance at December 31, 2021	$	21,534	$	5,224	$	26,758
Foreign currency translation adjustment		(1,254)		—		(1,254)
Balance at December 31, 2022	$	20,280	$	5,224	$	25,504

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. 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. The most recent annual assessment occurred in the fourth quarter of 2022. The assessment results, as described at Note 3 – Impact of COVID-19 Pandemic and Liquidity, indicated that there is no impairment to our goodwill as of December 31, 2022.



	December 31, 2022
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,216	$	9,058	$	4,915	$	26,189
Less: accumulated amortization		(11,964)		(7,838)		(3,956)		(23,758)
Less: impairment charges		—		—		(40)		(40)
Net intangible assets other than goodwill	$	252	$	1,220	$	919	$	2,391



	December 31, 2021
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,335	$	9,058	$	4,996	$	26,389
Less: accumulated amortization		(12,002)		(7,660)		(3,452)		(23,114)
Less: impairment charges		—		—		(17)		(17)
Net intangible assets other than goodwill	$	333	$	1,398	$	1,527	$	3,258

Beneficial leases relate to our operations as lessor. Trade names are amortized using an accelerated amortization method over an estimated useful life of 30 years, and other intangible assets over their estimated useful life of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets, with a balance of $741,000 and $757,000 as of December 31, 2022 and 2021).

For the years ended December 31, 2022, 2021, and 2020, our amortization expense was $0.6 million, $0.7 million, and $0.9 million, respectively.

As of December 31, 2022, the estimated amortization expense for our amortizable intangibles, in the five succeeding years and thereafter is as follows:



(Dollars in thousands)	Estimated ‎Future ‎Amortization ‎Expense
2023	$	384
2024		219
2025		140
2026		127
2027		116
Thereafter		664
Total future amortization expense	$	1,650