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The following table summarizes Newcastle’s intangible assets related to its Golf business:
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June 30, 2015
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December 31, 2014
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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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Trade name
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$
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700
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$
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(35
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)
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$
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665
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$
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700
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$
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(23
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)
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$
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677
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Leasehold intangibles (1)
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49,962
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(7,356
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)
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42,606
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50,275
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(5,206
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)
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45,069
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Management contracts
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37,114
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(6,222
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)
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30,892
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37,650
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(4,666
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)
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32,984
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Internally-developed software
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800
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(240
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)
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560
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800
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(160
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)
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640
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Membership base
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5,236
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(1,122
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)
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4,114
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5,214
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(748
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)
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4,466
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Nonamortizable liquor license
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865
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—
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865
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850
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—
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850
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Total Intangibles
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$
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94,677
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$
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(14,975
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)
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$
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79,702
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$
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95,489
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$
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(10,803
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)
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$
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84,686
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(1) The amortization expense for leasehold intangibles is reported in operating expense - golf on the consolidated statements of operations.
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