Annual report pursuant to Section 13 and 15(d)

INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)

v3.3.1.900
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
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.
Schedule of future amortization expense
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