Intangible and Other Non-Current Assets

3 Months Ended

Mar. 31, 2022

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, 2021		March 31, 2022
Tradenames	$	23,565	$	23,565
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,464, respectively	2,247		2,156
Capitalized commissions on preneed contracts, net of accumulated amortization of $2,278 and $2,448, respectively	3,560		3,665

Other	6		231
Intangible and other non-current assets, net	$	29,378	$	29,617

Tradenames

Our tradenames have indefinite lives and therefore are not amortized.

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 $168,000 and $148,000 for the three months ended March 31, 2021 and 2022, 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 $152,000 and $170,000 for the three months ended March 31, 2021 and 2022, respectively.

The aggregate amortization expense for our non-compete agreements and capitalized commissions as of March 31, 2022 is as follows (in thousands):


	Prepaid Agreements		Capitalized Commissions
Years ending December 31,
Remainder of 2022	$	407	$	648
2023	496		636
2024	381		575
2025	372		511
2026	257		444
Thereafter	243		851
Total amortization expense	$	2,156	$	3,665