XML 53 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Intangible Assets
The following is a summary of our intangible assets as of December 31, 2018 (in thousands, except weighted average amortization period):
 
 
As of December 31, 2018
 
 
Remaining Weighted Average Amortization Period
(Years)
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
Finite-life intangible assets:
 
 
 
 
 
 
 
 
Customer relationships
 
14.8
 
$
97,400

 
$
1,082

 
$
96,318

Galapagos operating licenses
 
25.8
 
47,669

 
4,206

 
43,463

Other finite-life intangible assets
 
1.8
 
11,560

 
963

 
10,597

Total finite-life intangible assets
 
 
 
156,629

 
6,251

 
150,378

Indefinite-life intangible assets
 
 
 
351,725

 

 
351,725

Total intangible assets, net
 
 
 
$
508,354

 
$
6,251

 
$
502,103

Schedule of Acquired Intangible Assets
As of December 31, 2018, intangible assets, net include intangible assets acquired in the Silversea Cruises acquisition, which were recorded at fair value at acquisition date as follows:
 
 
Fair Value at Acquisition Date (in thousands)
 
Weighted Average Amortization Period (Years)
Silversea Cruises trade name
 
$
349,500

 
Indefinite-life
Customer relationships
 
97,400

 
15
Galapagos operating license
 
36,100

 
26
Other finite-life intangible assets
 
11,560

 
2
Total intangible assets
 
$
494,560

 
 
Schedule of Future Amortization Expense
The estimated future amortization for finite-life intangible assets for each of the next five years is as follows (in thousands):
Year
 
2019
$
13,959

2020
$
12,995

2021
$
8,179

2022
$
8,179

2023
$
8,179