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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

As of December 31, 2020 and March 31, 2021, intangible assets consisted of the following:

 

 

 

As of December 31, 2020

 

 

As of March 31, 2021

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

   FCC Licenses

 

$

63,266

 

 

$

63,266

 

   Trade Name

 

 

733

 

 

 

733

 

   Goodwill

 

 

13,102

 

 

 

13,102

 

Definite-lived intangible assets

 

 

 

 

 

 

 

 

   Programming contract

 

 

220

 

 

 

147

 

   Customer list

 

 

1,896

 

 

 

1,655

 

Total

 

$

79,217

 

 

$

78,903

 

 

Schedule of Definite-Lived Intangible Assets

The following table presents the weighted-average useful life at March 31, 2021, and the gross carrying amount and accumulated amortization for our definite-lived intangible assets at December 31, 2020, and March 31, 2021:

 

 

 

As of December 31, 2020

 

 

As of March 31, 2021

 

 

(in 000's, except years)

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

Weighted

Average

Remaining

Useful Life

(in years)

Programming agreement

 

$

2,154

 

 

$

1,934

 

 

$

220

 

 

$

2,154

 

 

$

2,007

 

 

$

147

 

0.5

Customer list

 

 

2,906

 

 

 

1,010

 

 

 

1,896

 

 

 

2,906

 

 

 

1,251

 

 

 

1,655

 

1.7

Schedule of Estimation of Future Amortization Expense The following table presents the Company's estimate of future amortization expense for definite-lived intangibles:

 

Year ending December 31,

 

Expected Amortization Expense

 

Remainder of 2021

 

$

874

 

2022

 

 

928