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Goodwill And Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill And Intangible Assets [Abstract] |
Goodwill And Intangible Assets | NOTE 10 – GOODWILL AND INTANGIBLE ASSETS The table below summarizes goodwill by business segment:
(Dollars in thousands) |  | Cinema |  | Real Estate |  | Total
Balance at January 1, 2023 |  | $ | 20,280 |  | $ | 5,224 |  | $ | 25,504
Foreign currency translation adjustment |  |  | 31 |  |  | — |  |  | 31
Balance at December 31, 2023 |  | $ | 20,311 |  | $ | 5,224 |  | $ | 25,535
Foreign currency translation adjustment |  |  | (1,823) |  |  | — |  |  | (1,823)
Balance at December 31, 2024 |  | $ | 18,488 |  | $ | 5,224 |  | $ | 23,712
The Company is required to test goodwill and other intangible assets for impairment on an annual basis and, if current events or circumstances require, on an interim basis. To test the impairment of goodwill, the Company compares the fair value of each reporting unit to its carrying amount, including the goodwill, to determine if there is potential goodwill impairment. A reporting unit is generally one level below the operating segment. The most recent annual assessment occurred in the fourth quarter of 2024. The assessment results, as described at Note 2, indicated that there is no impairment to our goodwill as of December 31, 2024. The tables below summarize intangible assets other than goodwill:
|  | December 31, 2024
(Dollars in thousands) |  | Beneficial ‎Leases |  | Trade ‎Name |  | Other ‎Intangible ‎Assets |  | Total
Gross carrying amount |  | $ | 10,458 |  | $ | 9,024 |  | $ | 4,349 |  | $ | 23,831
Less: accumulated amortization |  |  | (10,290) |  |  | (8,102) |  |  | (3,639) |  |  | (22,031)
Less: impairment charges |  |  | — |  |  | — |  |  | — |  |  | —
Net intangible assets other than goodwill |  | $ | 168 |  | $ | 922 |  | $ | 710 |  | $ | 1,800
|  | December 31, 2023
(Dollars in thousands) |  | Beneficial ‎Leases |  | Trade ‎Name |  | Other ‎Intangible ‎Assets |  | Total
Gross carrying amount |  | $ | 11,283 |  | $ | 9,024 |  | $ | 4,400 |  | $ | 24,707
Less: accumulated amortization |  |  | (11,089) |  |  | (7,961) |  |  | (3,611) |  |  | (22,661)
Less: impairment charges |  |  | — |  |  | — |  |  | (8) |  |  | (8)
Net intangible assets other than goodwill |  | $ | 194 |  | $ | 1,063 |  | $ | 781 |  | $ | 2,038
Beneficial leases relate to our operations as lessor. Trade names are amortized using an accelerated amortization method over an estimated useful life of 30 years, and other intangible assets over their estimated useful life of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets, with a balance of $745,000 and $741,000 as of December 31, 2024 and 2023). For the years ended December 31, 2024, 2023, and 2022, our amortization expense was $247,000, $297,000, and $588,000, respectively. As of December 31, 2024, the estimated amortization expense for our amortizable intangibles, in the five succeeding years and thereafter is as follows:
(Dollars in thousands) |  | Estimated ‎Future ‎Amortization ‎Expense
2025 |  | $ | 140
2026 |  |  | 127
2027 |  |  | 116
2028 |  |  | 106
2029 |  |  | 96
Thereafter |  |  | 470
Total future amortization expense |  | $ | 1,055

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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