Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.21.2
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

 

 

 

 

September 30, 2021

 

 

December 31, 2020

 

 

 

Amortization
period
(years)

 

Gross
amount

 

 

Accumulated
amortization

 

 

Net
amount

 

 

Gross
amount

 

 

Accumulated
amortization

 

 

Net
amount

 

Trademarks

 

10

 

$

2,820

 

 

$

(549

)

 

$

2,271

 

 

$

1,420

 

 

$

(373

)

 

$

1,047

 

Franchise agreements

 

7.5 – 10

 

 

45,400

 

 

 

(15,224

)

 

 

30,176

 

 

 

34,500

 

 

 

(11,498

)

 

 

23,002

 

Reacquired franchise rights

 

5 – 8

 

 

 

 

 

 

 

 

 

 

 

158

 

 

 

(15

)

 

 

143

 

Customer relationships

 

1

 

 

 

 

 

 

 

 

 

 

 

33

 

 

 

(26

)

 

 

7

 

Non-compete agreement

 

5

 

 

1,400

 

 

 

(1,212

)

 

 

188

 

 

 

1,400

 

 

 

(1,002

)

 

 

398

 

Web design and domain

 

3 – 10

 

 

130

 

 

 

(61

)

 

 

69

 

 

 

130

 

 

 

(44

)

 

 

86

 

Deferred video production costs

 

3

 

 

2,018

 

 

 

(827

)

 

 

1,191

 

 

 

1,150

 

 

 

(316

)

 

 

834

 

Total definite-lived intangible assets

 

 

 

 

51,768

 

 

 

(17,873

)

 

 

33,895

 

 

 

38,791

 

 

 

(13,274

)

 

 

25,517

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

N/A

 

 

72,607

 

 

 

 

 

 

72,607

 

 

 

72,607

 

 

 

 

 

 

72,607

 

Total intangible assets

 

 

 

$

124,375

 

 

$

(17,873

)

 

$

106,502

 

 

$

111,398

 

 

$

(13,274

)

 

$

98,124

 

Schedule of Anticipated Future Amortization Expense of Intangible Assets

The anticipated future amortization expense of intangible assets is as follows:

 

Remainder of 2021

 

$

1,670

 

2022

 

 

6,305

 

2023

 

 

5,972

 

2024

 

 

5,711

 

2025

 

 

5,541

 

Thereafter

 

 

8,696

 

Total

 

$

33,895