Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The Company's intangible assets consisted of the following:


	December 31, 2021						December 31, 2020
(in thousands)	Gross Carrying Amount		Accumulated Amortization and Other		Net		Gross Carrying Amount		Accumulated Amortization and Other		Net
Goodwill - Broadband	$	3,244	$	—	$	3,244	$	3,244	$	—	$	3,244
Indefinite-lived intangibles:
Cable franchise rights	$	64,334	$	—	$	64,334	$	64,334	$	—	$	64,334
FCC spectrum licenses	13,839		—		13,839		29,958		—		29,958
Railroad crossing rights	141		—		141		141		—		141
Total indefinite-lived intangibles	78,314		—		78,314		94,433		—		94,433

Finite-lived intangibles:
FCC spectrum licenses	6,811		(672)		6,139		6,811		(340)		6,471
Subscriber relationships	28,425		(26,451)		1,974		28,425		(26,000)		2,425
Other intangibles	463		(303)		160		463		(277)		186
Total finite-lived intangibles	35,699		(27,426)		8,273		35,699		(26,617)		9,082
Total goodwill and intangible assets	$	117,257	$	(27,426)	$	89,831	$	133,376	$	(26,617)	$	106,759

During the third quarter of 2020, the Company was awarded certain indefinite-lived Citizens Broadband Radio Service ("CBRS") spectrum licenses to be used within the Broadband segment. The Company paid an aggregate deposit of $16.1 million with the licenses subject to final approval and issuance by the Federal Communications Commission (“FCC”). The licenses will provide us priority access rights over general access users other than incumbents, in that specific band, in accordance with the FCC’s three-tier CBRS band spectrum sharing framework to utilize designated radio frequency spectrum within specific geographic service areas to provide wireless communication services. The FCC has delayed the issuance of the licenses because the allowable spectrum ownership levels for certain of our investors would be exceeded should the licenses be issued. The Company is currently in discussions with the FCC and is considering to forego the issuance of certain licenses included in this transaction covering 15 markets with a cost basis of approximately $4.5 million in exchange for a refund and expects resolution in early 2022. The entire deposit of $16.1 million is classified within prepaid expenses and other in the Company's consolidated balance sheet as of December 31, 2021.

For the years ended December 31, 2021, 2020 and 2019, amortization expense was approximately $0.8 million, $0.7 million and $0.5 million, respectively.

Our finite-lived intangible assets are amortized over the following estimated useful lives:


						Estimated Useful Life
FCC spectrum licenses						18 - 30 years
Subscriber relationships						3 - 10 years
Other intangibles						15 - 20 years

The following table summarizes expected amortization of intangible assets at December 31, 2021:


(in thousands)	Amortization of Intangible Assets

2022	$	772
2023	772
2024	772
2025	768
2026	427
Thereafter	4,762
Total	$	8,273