| Schedule of Intangibles |
The following table summarizes Newcastle’s intangible assets related to its senior housing real estate and golf business:
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March 31, 2014
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December 31, 2013
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Gross Carrying Amount
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Accumulated Amortization
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Net Carrying Value
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Gross Carrying Amount
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Accumulated Amortization
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Net Carrying Value
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Senior Housing
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In-place resident lease intangibles
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$
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114,584
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$
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(33,810
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)
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$
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80,774
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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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Non-compete intangibles
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1,600
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(358
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)
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1,242
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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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Land lease intangibles
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3,442
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(12
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)
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3,430
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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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PILOT intangible
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3,700
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(202
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)
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3,498
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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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Other intangibles
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2,107
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(26
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)
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2,081
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2,046
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(2
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)
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2,044
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Total Senior Housing
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125,433
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(34,408
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)
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91,025
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123,111
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(22,252
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)
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100,859
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Golf
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Trade name
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700
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(6
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)
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694
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700
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—
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700
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Leasehold intangibles
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52,066
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(1,351
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)
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50,715
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52,066
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—
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52,066
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Management contracts
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39,000
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(1,200
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)
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37,800
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39,000
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—
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39,000
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Internally-developed software
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800
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(40
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)
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760
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800
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—
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800
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Membership base
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5,400
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(193
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)
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5,207
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5,400
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—
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5,400
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Nonamortizable liquor license
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900
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—
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900
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900
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—
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900
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Total Golf
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98,866
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(2,790
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)
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96,076
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98,866
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—
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98,866
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Total Intangibles
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$
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224,299
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$
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(37,198
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)
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$
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187,101
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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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