| Schedule of intangible assets |
The following table summarizes the Company’s intangible assets:
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June 30, 2019 |
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December 31, 2018 |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Carrying Value |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Carrying Value |
Trade name |
$ |
700 |
|
|
$ |
(128 |
) |
|
$ |
572 |
|
|
$ |
700 |
|
|
$ |
(117 |
) |
|
$ |
583 |
|
Leasehold intangibles (A) (B) |
— |
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|
— |
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|
— |
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|
46,581 |
|
|
(20,270 |
) |
|
26,311 |
|
Management contracts |
32,331 |
|
|
(16,240 |
) |
|
16,091 |
|
|
32,932 |
|
|
(15,174 |
) |
|
17,758 |
|
Internally-developed software |
1,607 |
|
|
(329 |
) |
|
1,278 |
|
|
2,314 |
|
|
(967 |
) |
|
1,347 |
|
Membership base |
5,236 |
|
|
(4,114 |
) |
|
1,122 |
|
|
5,236 |
|
|
(3,740 |
) |
|
1,496 |
|
Nonamortizable liquor licenses |
1,052 |
|
|
— |
|
|
1,052 |
|
|
893 |
|
|
— |
|
|
893 |
|
Total Intangibles |
$ |
40,926 |
|
|
$ |
(20,811 |
) |
|
$ |
20,115 |
|
|
$ |
88,656 |
|
|
$ |
(40,268 |
) |
|
$ |
48,388 |
|
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(A) |
The amortization expense for leasehold intangibles is reported in operating expenses in the Consolidated Statements of Operations. |
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(B) |
As of January 1, 2019, leasehold intangibles were reclassified from "Intangibles, net of accumulated amortization" to "Operating lease right-of-use assets" in the Consolidated Balance Sheet as part of the adoption of ASU 2016-02. |
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