Note 7 – Goodwill and Intangible Assets

The table below summarizes goodwill by business segment as of September 30, 2018 and December 31, 2017.



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at, December 31, 2017	$	15,052	$	5,224	$	20,276
Foreign currency translation adjustment		(832)		—		(832)
Balance at, September 30, 2018	$	14,220	$	5,224	$	19,444

The Company is required to test goodwill and other intangible assets for impairment on an annual basis and, if current events or circumstances require, on an interim basis. Our next annual evaluation of goodwill and other intangible assets is scheduled during the fourth quarter of 2018. To test the impairment of goodwill, the Company compares the fair value of each reporting unit to its carrying amount, including the goodwill, to determine if there is potential goodwill impairment. A reporting unit is generally one level below the operating segment. As of September 30, 2018, we were not aware that any events indicating potential impairment of goodwill had occurred.

The tables below summarize intangible assets other than goodwill as of September 30, 2018 and December 31, 2017, respectively.



	As of September 30, 2018
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,642	$	7,255	$	1,210	$	37,107
Less: Accumulated amortization		(23,990)		(5,141)		(492)		(29,623)
Net intangible assets other than goodwill	$	4,652	$	2,114	$	718	$	7,484



	As of December 31, 2017
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,860	$	7,254	$	1,139	$	37,253
Less: Accumulated amortization		(23,292)		(4,936)		(483)		(28,711)
Net intangible assets other than goodwill	$	5,568	$	2,318	$	656	$	8,542

Beneficial leases are amortized over the life of the lease up to 30 years, trade names are amortized based on the accelerated amortization method over their estimated useful life of 45 years, and other intangible assets are amortized over their estimated useful lives of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets). The table below summarizes the amortization expense of intangible assets for the quarter and nine months ended September 30, 2018.



	Quarter Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2018		2017		2018		2017
Beneficial lease amortization	$	284	$	278	$	783	$	935
Other amortization		380		104		285		311
Total intangible assets amortization	$	664	$	382	$	1,068	$	1,246