Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)

v3.19.3
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
The following table summarizes the Company’s intangible assets:
 
September 30, 2019
 
December 31, 2018
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
Trade name
$
700

 
$
(134
)
 
$
566

 
$
700

 
$
(117
)
 
$
583

Leasehold intangibles (A) (B)

 

 

 
46,581

 
(20,270
)
 
26,311

Management contracts
32,330

 
(16,812
)
 
15,518

 
32,932

 
(15,174
)
 
17,758

Internally-developed software
161

 
(15
)
 
146

 
2,314

 
(967
)
 
1,347

Membership base
5,236

 
(4,301
)
 
935

 
5,236

 
(3,740
)
 
1,496

Nonamortizable liquor licenses
1,043

 

 
1,043

 
893

 

 
893

Total Intangibles
$
39,470

 
$
(21,262
)
 
$
18,208

 
$
88,656

 
$
(40,268
)
 
$
48,388

(A)
The amortization expense for leasehold intangibles is reported in operating expenses in the Consolidated Statements of Operations.
(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.