Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.8.0.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of indefinite-lived intangible assets
Our intangible assets include the following:
 
 
 
December 31, 2017
 
December 31, 2016
 
Weighted
Average
Useful Lives
 
Gross
Carrying
Value
 
Accumulated Amortization
 
Net Carrying
Value
 
Gross
Carrying
Value
 
Accumulated Amortization
 
Net Carrying
Value
Indefinite life intangible assets:
 
 
 

 
 

 
 

 
 

 
 

 
 

FCC licenses
Indefinite
 
$
2,083,654

 
$

 
$
2,083,654

 
$
2,083,654

 
$

 
$
2,083,654

Trademarks
Indefinite
 
250,800

 

 
250,800

 
250,000

 

 
250,000

Definite life intangible assets:
 
 
 

 
 

 
 

 
 

 
 

 
 

Subscriber relationships
9 years
 
380,000

 
(380,000
)
 

 
380,000

 
(364,893
)
 
15,107

OEM relationships
15 years
 
220,000

 
(61,111
)
 
158,889

 
220,000

 
(46,444
)
 
173,556

Licensing agreements
12 years
 
45,289

 
(34,350
)
 
10,939

 
45,289

 
(30,664
)
 
14,625

Software and technology
7 years
 
43,915

 
(25,351
)
 
18,564

 
29,215

 
(21,356
)
 
7,859

Total intangible assets
 
 
$
3,023,658

 
$
(500,812
)
 
$
2,522,846

 
$
3,008,158

 
$
(463,357
)
 
$
2,544,801

Schedule of finite-lived intangible assets
Our intangible assets include the following:
 
 
 
December 31, 2017
 
December 31, 2016
 
Weighted
Average
Useful Lives
 
Gross
Carrying
Value
 
Accumulated Amortization
 
Net Carrying
Value
 
Gross
Carrying
Value
 
Accumulated Amortization
 
Net Carrying
Value
Indefinite life intangible assets:
 
 
 

 
 

 
 

 
 

 
 

 
 

FCC licenses
Indefinite
 
$
2,083,654

 
$

 
$
2,083,654

 
$
2,083,654

 
$

 
$
2,083,654

Trademarks
Indefinite
 
250,800

 

 
250,800

 
250,000

 

 
250,000

Definite life intangible assets:
 
 
 

 
 

 
 

 
 

 
 

 
 

Subscriber relationships
9 years
 
380,000

 
(380,000
)
 

 
380,000

 
(364,893
)
 
15,107

OEM relationships
15 years
 
220,000

 
(61,111
)
 
158,889

 
220,000

 
(46,444
)
 
173,556

Licensing agreements
12 years
 
45,289

 
(34,350
)
 
10,939

 
45,289

 
(30,664
)
 
14,625

Software and technology
7 years
 
43,915

 
(25,351
)
 
18,564

 
29,215

 
(21,356
)
 
7,859

Total intangible assets
 
 
$
3,023,658

 
$
(500,812
)
 
$
2,522,846

 
$
3,008,158

 
$
(463,357
)
 
$
2,544,801

Years in which satellite licenses expire
The following table outlines the years in which each of our satellite licenses expires:
FCC satellite licenses
 
Expiration year
SIRIUS FM-5
 
2025
SIRIUS FM-6
 
2022
XM-3
 
2021
XM-4
 
2022
XM-5
 
2018

Expected future amortization expense
Expected amortization expense for the each of the fiscal years 2018 through 2022 and for periods thereafter is as follows:
Years ending December 31,
 
Amount
2018
 
$
23,138

2019
 
22,701

2020
 
22,121

2021
 
16,678

2022
 
15,542

Thereafter
 
88,212

Total definite life intangible assets, net
 
$
188,392