XML 85 R35.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Other Intangibles (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Other Intangibles Acquired | Other intangibles as of December 31, 2019 are comprised of the following:
|  | Asset |  |  | Accumulated amortization |  |  | Net asset |  |  | Amortization period (years)
Advertiser relationships |  | $ | 2,819,879 |  |  | $ | (1,495,465 | ) |  | $ | 1,324,414 |  |  | 6-11
Assembled workforce |  |  | 176,295 |  |  |  | (58,765 | ) |  |  | 117,530 |  |  | 1
Franchise rights |  |  | 25,149,300 |  |  |  | (42,993 | ) |  |  | 25,106,307 |  |  | 10
Sponsorship base |  |  | 1,164,600 |  |  |  | (79,292 | ) |  |  | 1,085,308 |  |  | 2
Sports program rights |  |  | 267,400 |  |  |  | (179,216 | ) |  |  | 88,184 |  |  | 3
|  |  | 29,577,474 |  |  |  | (1,855,731 | ) |  |  | 27,721,743 |  |  |
Brands |  |  | 1,582,663 |  |  |  | — |  |  |  | 1,582,663 |  |  |
Other intangibles with indefinite lives |  |  | 28,824 |  |  |  | — |  |  |  | 28,824 |  |  |
|  | $ | 31,188,961 |  |  | $ | (1,855,731 | ) |  | $ | 29,333,230 |  |  |
Other intangibles as of December 31, 2018 are comprised of the following:
|  | Asset |  |  | Accumulated amortization |  |  | Net asset |  |  | Amortization period (years)
Advertiser relationships |  | $ | 2,819,879 |  |  | $ | (1,292,300 | ) |  | $ | 1,527,579 |  |  | 6-11
Advertiser lists |  |  | 16,251 |  |  |  | (11,732 | ) |  |  | 4,519 |  |  | 3
Sports program rights |  |  | 267,400 |  |  |  | (91,032 | ) |  |  | 176,368 |  |  | 3
|  |  | 3,103,530 |  |  |  | (1,395,064 | ) |  |  | 1,708,466 |  |  |
Brands |  |  | 1,085,888 |  |  |  | — |  |  |  | 1,085,888 |  |  |
Other intangibles with indefinite lives |  |  | 28,824 |  |  |  | — |  |  |  | 28,824 |  |  |
|  | $ | 4,218,242 |  |  | $ | (1,395,064 | ) |  | $ | 2,823,178 |  |  |
Summary of Estimated Future Amortization Expense Related to Intangible Assets | The Company recorded amortization expense of $0.5 million for each of the years ended December 31, 2018 and 2019. Estimated future amortization expense related to intangible assets subject to amortization for the next five years and thereafter is as follows:
2020 |  | $ | 3,474,036 |
2021 |  |  | 3,161,987 |
2022 |  |  | 2,648,020 |
2023 |  |  | 2,648,020 |
2024 |  |  | 2,648,020 |
Thereafter |  |  | 13,141,660 |
Total |  | $ | 27,721,743 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration