Cablevision 2013 Annual Report Download - page 148
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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-39
The minimum future annual payments for all operating leases for continuing operations (with initial or
remaining terms in excess of one year) during the next five years and thereafter, including pole rentals
from January 1, 2014 through December 31, 2018, at rates now in force are as follows:
2014 ................................................................................................................................................ $63,405
2015 ................................................................................................................................................ 63,049
2016 ................................................................................................................................................ 57,825
2017 ................................................................................................................................................ 46,353
2018 ................................................................................................................................................ 35,091
Thereafter........................................................................................................................................ 85,710
NOTE 8. INTANGIBLE ASSETS
The following table summarizes information relating to the Company's acquired intangible assets at
December 31, 2013 and 2012:
December 31, Estimated
2013
2012
Useful Lives
Gross carrying amount of amortizable intangible assets
Customer relationships ...................................................... $ 46,258
$ 46,258
7 to 18 years
Advertiser relationships..................................................... -
33,294
4 to 10 years
Other amortizable intangibles ............................................ 81,741
77,901
3 to 28 years
127,999
157,453
Accumulated amortization
Customer relationships ...................................................... (28,099)
(24,170)
Advertiser relationships..................................................... -
(18,497)
Other amortizable intangibles ............................................ (49,948)
(43,526)
(78,047)
(86,193)
Amortizable intangible assets, net of accumulated
amortization ...................................................................... $ 49,952
$ 71,260
Amortizable intangible assets, net of accumulated
amortization ...................................................................... $ 49,952
$ 71,260
Indefinite-lived cable television franchises ............................ 731,848
731,848
Trademarks and other indefinite-lived intangible assets ......... 7,450
32,550
Goodwill .............................................................................. 264,690
264,690
Total intangible assets, net .................................................... $1,053,940
$1,100,348
Aggregate amortization expense
Years ended December 31, 2013 and 2012 (excluding
impairment charges of $37,458 and $13,000,
respectively) .................................................................. $ 12,790
$ 15,533
Estimated amortization expense
Year ending December 31, 2014 ........................................... $ 8,162
Year ending December 31, 2015 ........................................... 7,237
Year ending December 31, 2016 ........................................... 6,439
Year ending December 31, 2017 ........................................... 5,995
Year ending December 31, 2018 ........................................... 4,966