Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2014

Goodwill and Other Intangible Assets [Abstract]

8. Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:


( in thousands )	As of
	March 31,			December 31,
	2014			2013
Goodwill	$	619,235		$	618,968
Accumulated impairments		(44,386	)		(44,386	)

Goodwill, net	$	574,849		$	574,582

Other intangible assets:
Amortizable intangible assets:
Carrying amount:
Acquired network distribution rights		591,009			590,460
Customer lists		94,904			94,868
Copyrights and other trade names		67,084			67,037
Acquired rights and other		120,227			120,227

Total carrying amount		873,224			872,592

Accumulated amortization:
Acquired network distribution rights		(135,477	)		(128,038	)
Customer lists		(61,014	)		(57,281	)
Copyrights and other trade names		(17,238	)		(16,241	)
Acquired rights and other		(17,676	)		(16,023	)

Total accumulated amortization		(231,405	)		(217,583	)

Total other intangible assets, net		641,819			655,009

Total goodwill and other intangible assets, net	$	1,216,668		$	1,229,591

During the first quarter of 2014 and 2013, we made cash payments totaling $0.2 million and $19.8 million, respectively, that relate to intangible assets acquired in 2012. These cash payments are reported as an investing activity in the “Other, net” caption of our condensed consolidated statement of cash flows. Estimated amortization expense of intangible assets for each of the next five years is as follows: $43.1 million for the remainder of 2014, $48.1 million in 2015, $46.9 million in 2016, $43.8 million in 2017, $43.8 million in 2018 and $416.1 million in later years.

Activity related to goodwill by business segment was as follows:


( in thousands )	Lifestyle		Corporate
	Media		and other		Total
Goodwill:
Balance as of December 31, 2013	$	510,484	$	64,098	$	574,582
Foreign currency translation adjustment				267		267

Balance as of March 31, 2014	$	510,484	$	64,365	$	574,849

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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