| Schedule of Intangibles from Continuing Operations |
The following table summarizes Newcastle’s intangibles from continuing
operations related to its senior housing real estate and golf business:
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December 31, 2013
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December 31, 2012
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Gross
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Gross
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Carrying
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Accumulated
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Net Carrying
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Carrying
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Accumulated
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Net Carrying
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Amount
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Amortization
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Value
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Amount
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Amortization
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Value
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Amortizable intangible assets:
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In-place resident lease intangibles
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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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$
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22,711
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$
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(4,205
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)
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$
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18,506
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Non-compete intangibles
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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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600
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(20
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)
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580
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Land lease intangibles
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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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—
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—
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—
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PILOT intangible
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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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—
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—
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—
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Other intangibles
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2,046
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(2
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2,044
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—
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—
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—
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Total Senior Housing
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123,111
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(22,252
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100,859
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23,311
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(4,225
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)
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19,086
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Trade name
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700
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—
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700
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—
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—
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—
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Leasehold intangibles
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52,066
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—
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52,066
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—
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—
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—
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Management contracts
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39,000
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—
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39,000
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—
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—
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—
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Internally-developed software
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800
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—
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800
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—
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—
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—
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Membership base
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5,400
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—
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5,400
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—
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—
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—
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Total Golf
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97,966
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—
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97,966
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—
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—
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—
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Total
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$
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221,077
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$
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(22,252
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)
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$
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198,825
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$
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23,311
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$
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(4,225
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)
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$
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19,086
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Nonamortizable intangible assets:
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Liquor license-Golf
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900
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—
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900
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Total
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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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| Schedule of Intangible Assets from Continuing Operations |
The unamortized balance of intangible assets from continuing operations at
December 31, 2013 are expected to be charged to amortization expense as
follows:
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2014
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$
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55,143
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2015
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42,830
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2016
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26,970
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2017
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10,012
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2018
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9,251
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Thereafter
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54,619
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$
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198,825
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| Schedule of Goodwill and Intangibles from Discontinued Operations |
The following table summarizes Newcastle’s goodwill and intangibles from
discontinued operations related to its media business:
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December 31, 2013
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December 31, 2012
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Gross
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Gross
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Carrying
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Accumulated
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Net Carrying
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Carrying
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Accumulated
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Net Carrying
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Amount
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Amortization
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Value
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Amount
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Amortization
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Value
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Amortizable intangible assets:
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Advertiser relationships
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58,269
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(359
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)
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57,910
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—
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—
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—
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Customer relationships
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5,666
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(35
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)
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5,631
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—
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—
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—
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Subscriber relationships
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35,966
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(221
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35,745
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—
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—
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—
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Trade name
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268
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(3
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)
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265
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—
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—
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—
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Total
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$
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100,169
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$
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(618
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)
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$
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99,551
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$
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$
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$
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Nonamortizable intangible assets:
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Mastheads-Media
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45,849
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—
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45,849
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Goodwill
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126,686
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—
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126,686
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Total Media
|
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$
|
272,704
|
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$
|
(618
|
)
|
$
|
272,086
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| Schedule of change in carrying amount of goodwill |
The changes in the carrying amount of goodwill, included in discontinued
operations, for the year ended December 31, 2013 are as follows:
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Gross balance at January 1, 2013
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$
|
—
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Business combination
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|
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126,686
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|
|
Net balance at December 31, 2013
|
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$
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126,686
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