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GOODWILL
9 Months Ended
Sep. 30, 2011
GOODWILL; 
GOODWILL

7.     GOODWILL

        Goodwill as of December 31, 2010 and September 30, 2011 comprises the following:

 
  Balance
December 31,
2010
  Goodwill
acquired
  Finalization
of purchase
price
allocation
  Foreign
currency
translation
adjustment
  Balance
September 30,
2011
 

CTC Network

  $ 41,380   $ 3,038   $ 5,571   $ (1,890 ) $ 48,099  

Domashny Network

    17,002             (746 )   16,256  

DTV Network

    135,397         1,378     (5,939 )   130,836  

CTC Television Station Group

    2,089             (92 )   1,997  

Domashny Television Station Group

    9,832             (431 )   9,401  

CIS Group

    99                 99  

Production Group

    32,076             (2,108 )   29,968  
                       

Total

  $ 237,875   $ 3,038   $ 6,949   $ (11,206 ) $ 236,656  
                       

        The Company has accumulated impairment losses against goodwill totaling $58,189 at each balance sheet date presented related entirely to the CIS segment. These impairment losses were recorded in 2008 as a result of annual impairment tests. See also Note 11.

        In the third quarter ended September 30, 2011, the Company has finalized purchase price allocations for 2010 regional stations acquisitions. As a result, $6,949 was reallocated from broadcasting licenses of $8,686 and deferred tax liabilities of $1,737 to goodwill, attributable to synergies from acquisitions. Goodwill is not deductible for income tax purposes.