| Schedule of intangible assets |
The following table summarizes
Newcastle’s intangible assets related to its senior housing real estate and golf business:
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June 30, 2014
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December 31, 2013
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Gross Carrying Amount
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Accumulated Amortization
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Net Carrying Value
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Gross Carrying Amount
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Accumulated Amortization
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Net Carrying Value
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Senior Housing
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In-place resident lease intangibles
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$
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134,772
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$
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(45,895
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)
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$
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88,877
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$
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112,267
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$
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(21,902
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)
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$
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90,365
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Non-compete intangibles
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1,600
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(383
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)
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1,217
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1,600
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(223
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)
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1,377
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Land lease intangibles
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3,442
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(24
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)
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3,418
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3,498
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(1
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)
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3,497
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PILOT intangible
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3,700
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(276
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)
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3,424
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3,700
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(124
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)
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3,576
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Other intangibles
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6,955
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(49
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)
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6,906
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2,046
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(2
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)
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2,044
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Total Senior Housing
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150,469
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(46,627
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)
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103,842
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123,111
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(22,252
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)
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100,859
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Golf
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Trade name
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700
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(12
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)
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688
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700
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—
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700
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Leasehold intangibles
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52,066
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(2,702
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)
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49,364
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52,066
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—
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52,066
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Management contracts
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39,000
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(2,399
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)
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36,601
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39,000
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—
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39,000
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Internally-developed software
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800
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(80
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)
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720
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800
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—
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|
800
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Membership base
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5,400
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(386
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)
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5,014
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5,400
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—
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5,400
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Nonamortizable liquor license
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900
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—
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900
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900
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—
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900
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Total Golf
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98,866
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(5,579
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)
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93,287
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98,866
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—
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98,866
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Total Intangibles
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$
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249,335
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$
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(52,206
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)
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$
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197,129
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$
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221,977
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$
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(22,252
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)
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$
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199,725
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