Annual report pursuant to Section 13 and 15(d)

INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)

v2.4.1.9
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

The following table summarizes Newcastle's intangibles related to its Golf business:
 
December 31, 2014
 
December 31, 2013
 
Gross Carrying
 
Accumulated
 
Net Carrying
 
Gross Carrying
 
Accumulated
 
Net Carrying
 
Amount
 
Amortization
 
Value
 
Amount
 
Amortization
 
Value
Trade name
$
700

 
$
(23
)
 
$
677

 
$
700

 
$
—

 
$
700

Leasehold intangibles (1)
50,275

 
(5,206
)
 
45,069

 
50,275

 
—

 
50,275

Management contracts
37,650

 
(4,666
)
 
32,984

 
37,659

 
—

 
37,659

Internally-developed software
800

 
(160
)
 
640

 
800

 
—

 
800

Membership base
5,214

 
(748
)
 
4,466

 
5,214

 
—

 
5,214

Nonamortizable liquor licenses
850

 
—

 
850

 
900

 
—

 
900

Total intangibles
$
95,489

 
$
(10,803
)
 
$
84,686

 
$
95,548

 
$
—

 
$
95,548

(1) The amortization expense for leasehold intangibles is reported in operating expense - golf on the consolidated statements of income.
Schedule of future amortization expense
The unamortized balance of intangible assets at December 31, 2014 are expected to be charged to amortization expense as follows:
2015
$
10,803

2016
9,937

2017
8,959

2018
8,414

2019
7,765

Thereafter
37,958

 
$
83,836