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Intangible Assets
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
7. 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 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 2017 indicated no impairment.

As of both March 31, 2018 and December 31, 2017, our goodwill balance, all of which related to our BA segment, was $0.6 million.

Our intangible assets, other than goodwill, as of March 31, 2018 and December 31, 2017 were as follows (in thousands, except for weighted average remaining useful life):

 

     Weighted                                          
     Average      As of March 31, 2018      As of December 31, 2017  
     Remaining      Gross            Net      Gross            Net  
     Useful Life      Carrying      Accumulated     Carrying      Carrying      Accumulated     Carrying  
     (in years)      Amount      Amortization     Amount      Amount      Amortization     Amount  

Amortized intangible assets:

                  

Software

     2.1      $ 148,172      $ (98,916   $ 49,256      $ 145,063      $ (93,523   $ 51,540  

Service customer relationship

     2.0        8,081        (6,042     2,039        8,081        (5,788     2,293  

Other intangible assets

     1.4        1,500        (1,200     300        1,500        (1,103     397  

OEM and dealer relationships

        6,724        (6,724     —          6,724        (6,724     —    
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total amortized intangible assets

        164,477        (112,882     51,595        161,368        (107,138     54,230  

Unamortized intangible assets:

                  

FCC Licenses

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

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total intangible assets

      $ 196,760      $ (112,882   $ 83,878      $ 193,651      $ (107,138   $ 86,513  
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Amortization expense was $7.6 million and $5.8 million, respectively, for the three month periods ended March 31, 2018 and 2017.

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

 

     Amortization  
Years ending December 31,    Expense  

2018 (period from April 1 to December 31)

   $ 19,725  

2019

   $ 17,093  

2020

   $ 9,236  

2021

   $ 3,337  

2022

   $ 1,706  

Thereafter

   $ 498  

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