Intangible Assets (Tables)
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3 Months Ended |
Mar. 31, 2018 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of indefinite-lived intangible assets |
Our intangible assets include the following:
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March 31, 2018 |
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December 31, 2017 |
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Weighted
Average
Useful Lives |
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Gross
Carrying
Value |
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Accumulated Amortization |
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Net Carrying
Value |
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Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
Indefinite life intangible assets: |
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FCC licenses |
Indefinite |
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$ |
2,083,654 |
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$ |
— |
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$ |
2,083,654 |
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$ |
2,083,654 |
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$ |
— |
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$ |
2,083,654 |
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Trademarks |
Indefinite |
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250,800 |
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— |
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250,800 |
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250,800 |
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— |
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250,800 |
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Definite life intangible assets: |
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Subscriber relationships |
9 years |
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— |
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— |
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— |
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380,000 |
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(380,000 |
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— |
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OEM relationships |
15 years |
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220,000 |
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(64,778 |
) |
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155,222 |
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220,000 |
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(61,111 |
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158,889 |
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Licensing agreements |
12 years |
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45,289 |
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(35,271 |
) |
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10,018 |
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45,289 |
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(34,350 |
) |
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10,939 |
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Software and technology |
7 years |
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33,872 |
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(16,582 |
) |
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17,290 |
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43,915 |
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(25,351 |
) |
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18,564 |
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Total intangible assets |
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$ |
2,633,615 |
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$ |
(116,631 |
) |
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$ |
2,516,984 |
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$ |
3,023,658 |
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$ |
(500,812 |
) |
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$ |
2,522,846 |
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| Schedule of finite-lived intangible assets |
Our intangible assets include the following:
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March 31, 2018 |
|
December 31, 2017 |
|
Weighted
Average
Useful Lives |
|
Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
|
Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
Indefinite life intangible assets: |
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FCC licenses |
Indefinite |
|
$ |
2,083,654 |
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|
$ |
— |
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$ |
2,083,654 |
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$ |
2,083,654 |
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$ |
— |
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$ |
2,083,654 |
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Trademarks |
Indefinite |
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250,800 |
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— |
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250,800 |
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250,800 |
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— |
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250,800 |
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Definite life intangible assets: |
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Subscriber relationships |
9 years |
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— |
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— |
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— |
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380,000 |
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(380,000 |
) |
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— |
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OEM relationships |
15 years |
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220,000 |
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(64,778 |
) |
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155,222 |
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220,000 |
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(61,111 |
) |
|
158,889 |
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Licensing agreements |
12 years |
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45,289 |
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(35,271 |
) |
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10,018 |
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45,289 |
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(34,350 |
) |
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10,939 |
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Software and technology |
7 years |
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33,872 |
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(16,582 |
) |
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17,290 |
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|
43,915 |
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(25,351 |
) |
|
18,564 |
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Total intangible assets |
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$ |
2,633,615 |
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|
$ |
(116,631 |
) |
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$ |
2,516,984 |
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$ |
3,023,658 |
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$ |
(500,812 |
) |
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$ |
2,522,846 |
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| Years in which satellite licenses expire |
The following table outlines the years in which each of our satellite licenses expires:
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FCC satellite licenses |
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Expiration year |
SIRIUS FM-5 |
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2025 |
SIRIUS FM-6 |
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2022 |
XM-3 |
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2021 |
XM-4 |
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2022 |
XM-5 |
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2018 |
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| Expected future amortization expense |
Expected amortization expense for the remaining period in 2018, each of the fiscal years 2019 through 2022 and for periods thereafter is as follows:
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Years ending December 31, |
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Amount |
2018 (remaining) |
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$ |
17,276 |
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2019 |
|
22,701 |
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2020 |
|
22,121 |
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2021 |
|
16,678 |
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2022 |
|
15,542 |
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Thereafter |
|
88,212 |
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Total definite life intangible assets, net |
|
$ |
182,530 |
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