Intangible and Other Non-Current Assets

9 Months Ended

Sep. 30, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

INTANGIBLE AND OTHER NON-CURRENT ASSETS

Intangible and other non-current assets are as follows (in thousands):


	December 31, 2020		September 30, 2021
Tradenames	$	23,565	$	23,565
Prepaid agreements not-to-compete, net of accumulated amortization of $3,193 and $3,463, respectively	2,785		2,364
Capitalized commissions on preneed contracts, net of accumulated amortization of $1,594 and $2,164, respectively	3,141		3,505

Other	51		3
Intangible and other non-current assets, net	$	29,542	$	29,437

Tradenames

Our tradenames have indefinite lives and therefore are not amortized.

See Note 1 to the Consolidated Financial Statements included herein for a discussion of the methodology used for our indefinite-lived intangible asset impairment test.

Prepaid Agreements

Prepaid agreements not-to-compete are amortized over the term of the respective agreements, ranging generally from one to ten years. Amortization expense was $175,000 and $158,000 for the three months ended September 30, 2020 and 2021, respectively and $551,000 and $495,000 for the nine months ended September 30, 2020 and 2021, respectively.

Capitalized Commissions

We capitalize our selling costs related to preneed cemetery merchandise and services and preneed funeral trust contracts. These costs are amortized on a straight-line basis over the average maturity period for our preneed cemetery merchandise and services contracts and preneed funeral trust contracts, of eight and ten years, respectively. Amortization expense was $145,000 and $165,000 for the three months ended September 30, 2020 and 2021, respectively and $430,000 and $473,000 for the nine months ended September 30, 2020 and 2021, respectively.

The aggregate amortization expense for our non-compete agreements and capitalized commissions as of September 30, 2021 is as follows (in thousands):


	Prepaid Agreements		Capitalized Commissions
Years ending December 31,
Remainder of 2021	$	147	$	167
2022	519		641
2023	446		585
2024	380		523
2025	373		457
Thereafter	499		1,132
Total amortization expense	$	2,364	$	3,505