Amortizable Intangible Assets |
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Dec. 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortizable Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortizable Intangible Assets | 5. Amortizable Intangible Assets Amortizable intangible assets included the following (in thousands):
We recognized amortization expense on our intangible assets of $1.2 million, $1.4 million and $1.3 million during the years ended December 31, 2019, 2018 and 2017, respectively. During the year ended December 31, 2019, we wrote off fully amortized intangible assets totaling $6.9 million and the related accumulated amortization. We did not write off any fully amortized intangible assets during the year ended December 31, 2018. On February 6, 2020, we announced a rebranding of Wade Jurney Homes to Century Complete. Accordingly, we recorded an impairment charge of $2.8 million for the net intangible asset associated with the Wade Jurney Homes trade name as of December 31, 2019. The impairment charge is reflected in inventory impairment and other on our consolidated statement of operations. During the year ended December 31, 2019, the Company also sold cell phone tower leases with a carrying value of $1.4 million and $0.5 million of associated accumulated amortization for $1.7 million, resulting in a gain of $0.8 million which is presented in other income (expense) on the consolidated statements of operations. |