Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v3.20.4
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets  
Goodwill and Intangible Assets

(8)  Goodwill and Intangible Assets

Goodwill and Indefinite Lived Assets

Changes in the carrying amount of goodwill are as follows:

    

    

Corporate and 

    

GCI Holdings

Skyhook

other

Total

 

amounts in thousands

Balance at December 31, 2018

$

6,497

6,497

Balance at December 31, 2019

6,497

 

6,497

Acquisitions

739,080

739,080

Balance at December 31, 2020

$

739,080

6,497

 

 

745,577

As of December 31, 2020, the Company’s accumulated goodwill impairment loss was $39.1 million.  As presented in the accompanying consolidated balance sheets, cable certificates are the majority of the other significant indefinite lived intangible assets.

Intangible Assets Subject to Amortization, net

    

December 31, 2020

    

December 31, 2019

Gross

Net

Gross

Net

carrying

Accumulated

carrying

carrying

Accumulated

carrying

    

amount

    

amortization

    

amount

    

amount

    

amortization

    

amount

amounts in thousands

Customer relationships

$

560,212

(13,687)

546,525

10,212

(9,530)

682

Other amortizable intangibles

 

137,315

(9,791)

127,524

 

8,228

(8,022)

206

Total

$

697,527

(23,478)

674,049

18,440

(17,552)

888

Amortization expense for intangible assets with finite useful lives was $5.9 million, $1.8 million and $2.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. Amortization expense for amortizable intangible assets for each of the five succeeding fiscal years is estimated to be (amounts in thousands):

Years ending December 31, 

    

  

2021

$

79,116

2022

$

69,727

2023

$

61,307

2024

$

55,055

2025

$

52,082

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