| Schedule of intangible assets |
The following table summarizes Newcastle’s intangible assets related to its senior housing real estate and golf business:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2014
|
|
December 31, 2013
|
|
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
|
Net Carrying Value
|
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
|
Net Carrying Value
|
|
Senior Housing
|
|
|
|
|
|
|
|
|
|
|
|
|
In-place resident lease intangibles
|
$
|
165,651
|
|
|
$
|
(62,003
|
)
|
|
$
|
103,648
|
|
|
$
|
112,267
|
|
|
$
|
(21,902
|
)
|
|
$
|
90,365
|
|
|
Above market lease intangibles
|
2,567
|
|
|
(87
|
)
|
|
2,480
|
|
|
1,546
|
|
|
(2
|
)
|
|
1,544
|
|
|
Other intangibles
|
9,242
|
|
|
(848
|
)
|
|
8,394
|
|
|
9,298
|
|
|
(348
|
)
|
|
8,950
|
|
|
Total Senior Housing
|
177,460
|
|
|
(62,938
|
)
|
|
114,522
|
|
|
123,111
|
|
|
(22,252
|
)
|
|
100,859
|
|
|
Golf
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade name
|
700
|
|
|
(17
|
)
|
|
683
|
|
|
700
|
|
|
—
|
|
|
700
|
|
|
Leasehold intangibles
|
50,275
|
|
|
(3,903
|
)
|
|
46,372
|
|
|
50,275
|
|
|
—
|
|
|
50,275
|
|
|
Management contracts
|
37,650
|
|
|
(3,500
|
)
|
|
34,150
|
|
|
37,659
|
|
|
—
|
|
|
37,659
|
|
|
Internally-developed software
|
800
|
|
|
(120
|
)
|
|
680
|
|
|
800
|
|
|
—
|
|
|
800
|
|
|
Membership base
|
5,214
|
|
|
(562
|
)
|
|
4,652
|
|
|
5,214
|
|
|
—
|
|
|
5,214
|
|
|
Nonamortizable liquor license
|
850
|
|
|
|
|
850
|
|
|
900
|
|
|
—
|
|
|
900
|
|
|
Total Golf
|
95,489
|
|
|
(8,102
|
)
|
|
87,387
|
|
|
95,548
|
|
|
—
|
|
|
95,548
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Intangibles
|
$
|
272,949
|
|
|
$
|
(71,040
|
)
|
|
$
|
201,909
|
|
|
$
|
218,659
|
|
|
$
|
(22,252
|
)
|
|
$
|
196,407
|
|
|