| INTANGIBLES, NET OF ACCUMULATED AMORTIZATION |
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION
The following table summarizes the Company’s intangible assets:
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September 30, 2019 |
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December 31, 2018 |
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Gross Carrying Amount |
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Accumulated Amortization |
|
Net Carrying Value |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Carrying Value |
Trade name |
$ |
700 |
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$ |
(134 |
) |
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$ |
566 |
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$ |
700 |
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$ |
(117 |
) |
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$ |
583 |
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Leasehold intangibles (A) (B) |
— |
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— |
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— |
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46,581 |
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(20,270 |
) |
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26,311 |
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Management contracts |
32,330 |
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(16,812 |
) |
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15,518 |
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32,932 |
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(15,174 |
) |
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17,758 |
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Internally-developed software |
161 |
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(15 |
) |
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146 |
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2,314 |
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(967 |
) |
|
1,347 |
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Membership base |
5,236 |
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(4,301 |
) |
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935 |
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5,236 |
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(3,740 |
) |
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1,496 |
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Nonamortizable liquor licenses |
1,043 |
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— |
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1,043 |
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|
893 |
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— |
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893 |
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Total Intangibles |
$ |
39,470 |
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$ |
(21,262 |
) |
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$ |
18,208 |
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$ |
88,656 |
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$ |
(40,268 |
) |
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$ |
48,388 |
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(A) |
The amortization expense for leasehold intangibles is reported in operating expenses in the Consolidated Statements of Operations. |
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(B) |
As of January 1, 2019, leasehold intangibles were reclassified from "Intangibles, net of accumulated amortization" to "Operating lease right-of-use assets" in the Consolidated Balance Sheet as part of the adoption of ASU 2016-02. |
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