Annual report pursuant to Section 13 and 15(d)

INTANGIBLES, NET OF ACCUMULATED AMORTIZATION

v3.19.1
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION

The following table summarizes the Company's intangible assets:
 
December 31, 2018
 
December 31, 2017
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
Trade name
$
700

 
$
(117
)
 
$
583

 
$
700

 
$
(93
)
 
$
607

Leasehold intangibles (A)
46,581

 
(20,270
)
 
26,311

 
48,107

 
(16,716
)
 
31,391

Management contracts
32,932

 
(15,174
)
 
17,758

 
35,111

 
(13,468
)
 
21,643

Internally-developed software
2,314

 
(967
)
 
1,347

 
800

 
(640
)
 
160

Membership base
5,236

 
(3,740
)
 
1,496

 
5,236

 
(2,992
)
 
2,244

Nonamortizable liquor licenses
893

 
—

 
893

 
1,231

 
—

 
1,231

Total intangibles
$
88,656

 
$
(40,268
)
 
$
48,388

 
$
91,185

 
$
(33,909
)
 
$
57,276

(A)
The amortization expense for leasehold intangibles is reported in operating expenses in the Consolidated Statements of Operations.
Amortization expense for the years ended December 31, 2018, 2017, and 2016 was $8.0 million, $8.2 million and $8.9 million, respectively.
The unamortized balance of intangible assets at December 31, 2018 is expected to be amortized as follows:
2019
$
7,412

2020
6,869

2021
4,929

2022
3,743

2023
3,573

Thereafter
20,969

Total amortizable intangible assets
47,495

Nonamortizable liquor licenses
893

Total intangible assets
$
48,388