Annual report pursuant to Section 13 and 15(d)

INTANGIBLES, NET OF ACCUMULATED AMORTIZATION

v3.3.1.900
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION

The following table summarizes Newcastle's intangibles related to its Golf business:
 
December 31, 2015
 
December 31, 2014
 
Gross Carrying
 
Accumulated
 
Net Carrying
 
Gross Carrying
 
Accumulated
 
Net Carrying
 
Amount
 
Amortization
 
Value
 
Amount
 
Amortization
 
Value
Trade name
$
700

 
$
(47
)
 
$
653

 
$
700

 
$
(23
)
 
$
677

Leasehold intangibles (A)
49,962

 
(9,817
)
 
40,145

 
50,275

 
(5,206
)
 
45,069

Management contracts
36,500

 
(7,911
)
 
28,589

 
37,650

 
(4,666
)
 
32,984

Internally-developed software
800

 
(320
)
 
480

 
800

 
(160
)
 
640

Membership base
5,236

 
(1,496
)
 
3,740

 
5,214

 
(748
)
 
4,466

Nonamortizable liquor licenses
865

 

 
865

 
850

 

 
850

Total intangibles
$
94,063

 
$
(19,591
)
 
$
74,472

 
$
95,489

 
$
(10,803
)
 
$
84,686

(A)
The amortization expense for leasehold intangibles is reported in operating expense - golf in the Consolidated Statements of Operations.
The unamortized balance of intangible assets at December 31, 2015 are expected to be amortized as follows:
2016
$
8,815

2017
8,246

2018
8,074

2019
7,442

2020
6,763

Thereafter
34,267

 
$
73,607