Intangible and Other Non-Current Assets

6 Months Ended

Jun. 30, 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		June 30, 2022
Tradenames	$	23,565	$	23,565
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,232, respectively	2,247		2,019
Capitalized commissions on preneed contracts, net of accumulated amortization of $2,278 and $2,622, respectively	3,560		3,809

Other	6		260
Intangible and other non-current assets, net	$	29,378	$	29,653

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 $169,000 and $142,000 for the three months ended June 30, 2021 and 2022, respectively and $337,000 and $290,000 for the six months ended June 30, 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 $156,000 and $174,000 for the three months ended June 30, 2021 and 2022, respectively and $308,000 and $344,000 for the six months ended June 30, 2021 and 2022, respectively.

The aggregate amortization expense for our non-compete agreements and capitalized commissions as of June 30, 2022 is as follows (in thousands):


	Prepaid Agreements		Capitalized Commissions
Years ending December 31,
Remainder of 2022	$	270	$	644
2023	496		673
2024	381		612
2025	372		547
2026	257		481
Thereafter	243		852
Total amortization expense	$	2,019	$	3,809