Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2018
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)

 

2018

 

 

2017

 

Land

 

$

4,829

 

 

$

4,829

 

Buildings

 

 

23,064

 

 

 

17,664

 

 

 

 

27,893

 

 

 

22,493

 

Accumulated depreciation

 

 

(6,205

)

 

 

(5,465

)

 

 

$

21,688

 

 

$

17,028

 

 

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

 

(in thousands)

 

2018

 

 

2017

 

Website development costs and other software

 

$

12,063

 

 

$

8,236

 

Studio, computer and telephone equipment

 

 

1,267

 

 

 

1,097

 

Media library

 

 

27,134

 

 

 

18,807

 

 

 

 

40,464

 

 

 

28,140

 

Accumulated depreciation and amortization

 

 

(12,841

)

 

 

(7,753

)

 

 

$

27,623

 

 

$

20,387

 

 

Future depreciation and amortization consists of the following:

 

(in thousands)

 

 

 

 

2019

 

$

8,762

 

2020

 

 

7,286

 

2021

 

 

5,828

 

2022

 

 

4,545

 

2023

 

 

3,290

 

Thereafter

 

 

14,771

 

 

 

$

44,482