Annual report pursuant to Section 13 and 15(d)

INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)

v3.6.0.2
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
The following table summarizes Drive Shack Inc.'s intangibles related to Traditional Golf:
 
December 31, 2016
 
December 31, 2015
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
Trade name
$
700

 
$
(70
)
 
$
630

 
$
700

 
$
(47
)
 
$
653

Leasehold intangibles (A)
48,107

 
(12,550
)
 
35,557

 
49,962

 
(9,817
)
 
40,145

Management contracts
35,207

 
(10,434
)
 
24,773

 
36,500

 
(7,911
)
 
28,589

Internally-developed software
800

 
(480
)
 
320

 
800

 
(320
)
 
480

Membership base
5,236

 
(2,244
)
 
2,992

 
5,236

 
(1,496
)
 
3,740

Nonamortizable liquor licenses
840

 
—

 
840

 
865

 
—

 
865

Total intangibles
$
90,890

 
$
(25,778
)
 
$
65,112

 
$
94,063

 
$
(19,591
)
 
$
74,472

(A)
The amortization expense for leasehold intangibles is reported in operating expenses in the Consolidated Statements of Operations.
Schedule of future amortization expense
The unamortized balance of intangible assets at December 31, 2016 is expected to be amortized as follows:
2017
$
8,244

2018
8,066

2019
7,258

2020
6,714

2021
4,920

Thereafter
29,070

 
$
64,272