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Note 7 - Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
7.
GOODWILL AND INTANGIBLE ASSETS
 
The carrying amount of goodwill at both
March 31, 2018
and
December 31, 2017
was
$172.1
million and reflected
$87.2
million of goodwill associated with the NewWave acquisition. The Company has
not
historically recorded any impairment of goodwill.
 
 
Intangible assets (excluding goodwill) consisted of the following (dollars in thousands):   
 
   
 
   
 
 
 
March 31, 2018
 
   
Useful
   
Gross
   
 
 
 
 
Net
 
   
Life
   
Carrying
   
Accumulated
   
Carrying
 
   
Range (years)
   
Amount
   
Amortization
   
Amount
 
Finite-Lived
Intangible Assets
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cable franchise renewals and access rights
   
1
-
25
    $
3,828
    $
3,643
    $
185
 
Customer relationships
   
 
14
 
    $
160,000
    $
10,476
    $
149,524
 
Trademarks and trade names
   
 
2.7
 
    $
1,300
    $
447
    $
853
 
Indefinite-Lived Intangible Assets
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Franchise agreements
   
 
 
 
    $
812,371
     
 
     
 
 
 
   
 
   
 
 
 
December 31, 2017
 
   
Useful
   
Gross
   
 
 
 
 
Net
 
   
Life
   
Carrying
   
Accumulated
   
Carrying
 
   
Range (years)
   
Amount
   
Amortization
   
Amount
 
Finite-Lived
Intangible Assets
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cable franchise renewals and access rights
   
1
-
25
    $
4,138
    $
3,886
    $
252
 
Customer relationships
   
 
14
 
    $
160,000
    $
7,619
    $
152,381
 
Trademarks and trade names
   
 
2.7
 
    $
1,300
    $
325
    $
975
 
Indefinite-Lived Intangible Assets
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Franchise agreements
   
 
 
 
    $
812,137
     
 
     
 
 
 
Amortization expense was
$2.8
million and less than
$0.1
million for the
three
months ended
March 31, 2018
and
2017,
respectively.
 
As of
March 31, 2018,
the future amortization of intangible assets was as follows (in thousands):
 
Year Ending December 31,
 
Amount
 
2018 (remaining nine months)
  $
8,984
 
2019
   
11,994
 
2020
   
11,477
 
2021
   
11,448
 
2022
   
11,437
 
Thereafter
   
95,222
 
Total
  $
150,562
 
 
Actual amortization expense in future periods
may
differ from these estimates as a result of new intangible asset acquisitions or divestitures, changes in useful lives, impairments or other relevant factors.