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Intangible Assets
6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

6. Intangible Assets

Our intangible assets are comprised of both indefinite-lived and finite-lived intangible assets. Intangible assets with indefinite lives and goodwill are not amortized, but are reviewed for impairment at least annually or whenever events or circumstances indicate the carrying value of the asset may not be recoverable. We perform our annual impairment tests of our indefinite-lived intangible assets and goodwill during the fourth quarter of each fiscal year. We also reevaluate the useful life of the indefinite-lived intangible assets each reporting period to determine whether events and circumstances continue to support an indefinite useful life. The results of our annual indefinite-lived intangible assets and goodwill impairment assessments in the fourth quarter of 2016 indicated no impairment.

As of June 30, 2017 and December 31, 2016, our goodwill balance, all of which related to our BA segment, was $0.6 million.

Our intangible assets, other than goodwill, as of June 30, 2017 and December 31, 2016 were as follows (in thousands, except for weighted average remaining useful life):

 

     Weighted
Average
     As of June 30, 2017      As of December 31, 2016  
     Remaining
Useful Life
(in years)
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Amortized intangible assets:

                  

Software

     2.3      $ 135,596      $ (80,992   $ 54,604      $ 118,836      $ (70,127   $ 48,709  

Service customer relationship

     2.8        8,081        (5,280     2,801        8,081        (4,773     3,308  

Other intangible assets

     1.5        1,500        (892     608        1,500        (682     818  

OEM and dealer relationships

        6,724        (6,724     —          6,724        (6,667     57  
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total amortized intangible assets

        151,901        (93,888     58,013        135,141        (82,249     52,892  

Unamortized intangible assets:

                  

FCC Licenses

        32,283        —         32,283        32,283        —         32,283  
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total intangible assets

      $ 184,184      $ (93,888   $ 90,296      $ 167,424      $ (82,249   $ 85,175  
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Amortization expense was $5.8 million and $11.6 million, respectively, for the three and six month periods ended June 30, 2017, and $5.1 million and $9.7 million, respectively, for the prior year periods.

 

Amortization expense for each of the next five years and thereafter is estimated to be as follows (in thousands):

 

Years ending December 31,    Amortization
Expense
 

2017 (period from July 1 to December 31)

   $ 13,151  

2018

   $ 21,843  

2019

   $ 12,837  

2020

   $ 6,252  

2021

   $ 2,277  

Thereafter

   $ 1,653  

Actual future amortization expense could differ from the estimated amount as a result of future investments and other factors.