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Intangible Assets, Net
9 Months Ended
Sep. 30, 2018
Intangible Assets, Net [Abstract]  
Intangible Assets, Net

9.INTANGIBLE ASSETS, NET

Intangible assets, exclusive of goodwill, consisted of the following at September 30, 2018: 



 

 

 

 

 

 

 

 

 

 

 



Gross Carrying Amount

 

Accumulated Amortization

 

 

Accumulated Impairment Loss

 

Net Carrying Amount

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Long-term franchise agreements and contracts

$

483,749 

 

$

(150,691)

 

$

-

 

$

333,058 

Customer lists

 

429,801 

 

 

(219,104)

 

 

-

 

 

210,697 

Permits and other

 

349,207 

 

 

(46,120)

 

 

-

 

 

303,087 



 

1,262,757 

 

 

(415,915)

 

 

-

 

 

846,842 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Solid waste collection and transportation permits

 

158,591 

 

 

-

 

 

-

 

 

158,591 

Material recycling facility permits

 

42,283 

 

 

-

 

 

-

 

 

42,283 

E&P facility permits

 

59,855 

 

 

-

 

 

(38,507)

 

 

21,348 



 

260,729 

 

 

-

 

 

(38,507)

 

 

222,222 

Intangible assets, exclusive of goodwill

$

1,523,486 

 

$

(415,915)

 

$

(38,507)

 

$

1,069,064 



 

 

 

 

 

 

 

 

 

 

 



The weighted-average amortization period of long-term franchise agreements and contracts acquired during the nine months ended September 30, 2018 was 16.3 years.  The weighted-average amortization period of customer lists acquired during the nine months ended September 30, 2018 was 10.0 years.  The weighted-average amortization period of finite-lived permits and other intangibles acquired during the nine months ended September 30, 2018 was 40.0 years.

Intangible assets, exclusive of goodwill, consisted of the following at December 31, 2017: 



 

 

 

 

 

 

 

 

 

 

 



Gross Carrying Amount

 

Accumulated Amortization

 

 

Accumulated Impairment Loss

 

Net Carrying Amount

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Long-term franchise agreements and contracts

$

481,293 

 

$

(123,591)

 

$

-

 

$

357,702 

Customer lists

 

405,683 

 

 

(180,440)

 

 

-

 

 

225,243 

Permits and other

 

317,984 

 

 

(35,715)

 

 

-

 

 

282,269 



 

1,204,960 

 

 

(339,746)

 

 

-

 

 

865,214 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Solid waste collection and transportation permits

 

158,591 

 

 

-

 

 

-

 

 

158,591 

Material recycling facility permits

 

42,283 

 

 

-

 

 

-

 

 

42,283 

E&P facility permits

 

59,855 

 

 

-

 

 

(38,507)

 

 

21,348 



 

260,729 

 

 

-

 

 

(38,507)

 

 

222,222 

Intangible assets, exclusive of goodwill

$

1,465,689 

 

$

(339,746)

 

$

(38,507)

 

$

1,087,436 



 

 

 

 

 

 

 

 

 

 

 



Estimated future amortization expense for the next five years relating to finite-lived intangible assets is as follows: 

 



 

 

 

For the year ending December 31, 2018

 

$

105,991 

For the year ending December 31, 2019

 

$

95,653 

For the year ending December 31, 2020

 

$

85,751 

For the year ending December 31, 2021

 

$

75,561 

For the year ending December 31, 2022

 

$

65,904