Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment

3. Property and Equipment

Building and Land, stated at lower of cost or estimated fair value, consists of the following as of December 31:

 

(in thousands)

 

2017

 

 

2016

 

Land

 

$

4,829

 

 

$

4,829

 

Buildings

 

 

17,664

 

 

 

16,874

 

 

 

 

22,493

 

 

 

21,703

 

Accumulated depreciation

 

 

(5,465

)

 

 

(4,807

)

 

 

$

17,028

 

 

$

16,896

 

 

Software, equipment and media library stated at lower of cost or estimated fair value, consists of the following as of December 31:

 

(in thousands)

 

2017

 

 

2016

 

Website development costs and other software

 

$

8,236

 

 

$

4,421

 

Studio, computer and telephone equipment

 

 

1,097

 

 

 

693

 

Media library

 

 

18,807

 

 

 

11,486

 

 

 

 

28,140

 

 

 

16,600

 

Accumulated depreciation and amortization

 

 

(7,753

)

 

 

(3,739

)

 

 

$

20,387

 

 

$

12,861

 

 

Future depreciation and amortization consists of the following:

 

(in thousands)

 

 

 

 

2018

 

$

6,100

 

2019

 

 

5,273

 

2020

 

 

3,831

 

2021

 

 

2,988

 

2022

 

 

2,376

 

Thereafter

 

 

12,018

 

 

 

$

32,586