Annual report pursuant to Section 13 and 15(d)

INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)

v3.20.4
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets Amortization of all intangible assets is calculated using the straight-line method based on the following estimated useful lives:
Trade name 30 years
Management contracts
2 - 26 years
Internally-developed software
3 - 5 years
Membership base 7 years
Liquor licenses Nonamortizable
The following table summarizes the Company's intangible assets:
December 31, 2020 December 31, 2019
Gross Carrying Amount Accumulated Amortization Net Carrying Value Gross Carrying Amount Accumulated Amortization Net Carrying Value
Trade name
 $ 700  $ (163) $ 537  $ 700  $ (140) $ 560 
Management contracts
 31,043  (18,427) 12,616  32,331  (17,342) 14,989 
Internally-developed software
 314  (79) 235  252  (27) 225 
Membership base
 5,944  (5,236) 708  5,236  (4,488) 748 
Nonamortizable liquor licenses
 1,028  —  1,028  1,043  —  1,043 
Total intangibles
 $ 39,029  $ (23,905) $ 15,124  $ 39,562  $ (21,997) $ 17,565 
Schedule of future amortization expense
The unamortized balance of intangible assets at December 31, 2020 is expected to be amortized as follows:
2021 $ 1,756 
2022 1,562 
2023 1,556 
2024 1,167 
2025 1,042 
Thereafter 7,013 
Total amortizable intangible assets 14,096 
Nonamortizable liquor and other licenses 1,028 
Total intangible assets $ 15,124