Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
12 Months Ended
Dec. 31, 2019
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)

 

2019

 

 

2018

 

Land

 

$

4,829

 

 

$

4,829

 

Buildings

 

 

23,907

 

 

 

23,064

 

 

 

 

28,736

 

 

 

27,893

 

Accumulated depreciation

 

 

(6,055

)

 

 

(6,205

)

 

 

$

22,681

 

 

$

21,688

 

 

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

 

(in thousands)

 

2019

 

 

2018

 

Website development costs and other software

 

$

13,942

 

 

$

12,063

 

Studio, computer and telephone equipment

 

 

2,282

 

 

 

1,267

 

Media library

 

 

38,233

 

 

 

27,134

 

 

 

 

54,457

 

 

 

40,464

 

Accumulated depreciation and amortization

 

 

(17,536

)

 

 

(12,841

)

 

 

$

36,921

 

 

$

27,623

 

 

Future depreciation and amortization consist of the following:

(in thousands)

 

 

 

 

2020

 

$

10,696

 

2021

 

 

9,181

 

2022

 

 

6,971

 

2023

 

 

5,444

 

2024

 

 

4,713

 

Thereafter

 

 

17,768

 

 

 

$

54,773