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GOODWILL
12 Months Ended
Dec. 31, 2014
GOODWILL  
GOODWILL

 

9.     GOODWILL

        Goodwill as of December 31, 2012, 2013 and 2014 comprises the following:

                                                                                                                                                                                    

 

 

Balance
December 31,
2012

 

Impairment
loss
(Note 10)

 

Foreign
currency
translation
adjustment

 

Balance
December 31,
2013

 

CTC Channel

 

$

55,551

 

 

 

 

(4,000

)

$

51,551

 

Domashny Channel

 

 

28,039

 

 

 

 

(2,022

)

 

26,017

 

Peretz Channel

 

 

62,075

 

 

 

 

(4,466

)

 

57,609

 

Channel 31

 

 

99

 

 

 

 

 

 

99

 

Production Group

 

 

32,186

 

 

(29,869

)

 

(2,317

)

 

—  

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

177,950

 

$

(29,869

)

$

(12,805

)

$

135,276

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Balance
December 31,
2013

 

Goodwill
acquired

 

Impairment
loss
(Note 10)

 

Foreign
currency
translation
adjustment

 

Balance
December 31,
2014

 

CTC Channel

 

$

51,551

 

 

 

 

 

$

(21,557

)

$

29,994

 

Domashny Channel

 

 

26,017

 

 

 

 

 

 

(10,884

)

 

15,133

 

Peretz Channel

 

 

57,609

 

 

 

 

(29,356

)

 

(24,095

)

 

4,158

 

Channel 31

 

 

99

 

 

 

 

 

 

 

 

99

 

New Media

 

 

 

 

4,243

 

 

 

 

 

 

4,243

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

135,276

 

$

4,243

 

$

(29,356

)

$

(56,536

)

$

53,627

 

​  

​  

​  

​  

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​  

​  

 

        The Company has accumulated impairment losses against goodwill totaling $58,189 at each balance sheet date presented related to the Channel 31. These impairment losses were recorded in 2008 as a result of annual impairment tests. In addition, in 2013 and 2014, the Company recorded a noncash impairment loss of $29,869 and $29,356, respectively, related to the impairment of goodwill of in-house production unit and Peretz channel. See Notes 2 and 10.