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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and other intangible assets

Goodwill and other intangible assets consisted of the following:

 

 

 

As of December 31,

 

( in thousands )

 

2015

 

 

2014

 

Goodwill, net (1)

 

$

1,804,748

 

 

$

573,119

 

Other intangible assets:

 

 

 

 

 

 

 

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

 

 

 

Acquired network distribution rights

 

$

744,962

 

 

$

586,687

 

Customer and advertiser lists

 

 

223,726

 

 

 

94,669

 

Copyrights and other tradenames

 

 

390,111

 

 

 

66,782

 

Broadcast licenses

 

 

124,030

 

 

 

-

 

Acquired rights and other

 

 

120,267

 

 

 

120,227

 

Total carrying amount

 

 

1,603,096

 

 

 

868,365

 

Accumulated amortization:

 

 

 

 

 

 

 

 

Acquired network distribution rights

 

 

(195,678

)

 

 

(157,847

)

Customer and advertiser lists

 

 

(81,892

)

 

 

(71,870

)

Copyrights and other tradenames

 

 

(30,875

)

 

 

(20,046

)

Broadcast licenses

 

 

(2,524

)

 

 

-

 

Acquired rights and other

 

 

(29,463

)

 

 

(22,721

)

Total accumulated amortization

 

 

(340,432

)

 

 

(272,484

)

Total other intangible assets, net

 

$

1,262,664

 

 

$

595,881

 

 

 

 

 

 

 

 

 

 

(1) Includes accumulated impairments of $44,386 in 2015 and 2014

 

 

Activity related to goodwill and amortizable intangible assets by business segment

Activity related to goodwill and amortizable intangible assets by segment is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

U.S. Networks

 

 

International Networks

 

 

Corporate and Other

 

 

Total

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2013

 

$

 

510,484

 

 

$

 

64,098

 

 

$

 

-

 

 

$

 

574,582

 

Additions - business acquisitions

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Foreign currency translation adjustment

 

 

 

-

 

 

 

 

(1,463

)

 

 

 

-

 

 

 

 

(1,463

)

Balance as of December 31, 2014

 

 

 

510,484

 

 

 

 

62,635

 

 

 

 

 

 

 

 

 

573,119

 

Additions - business acquisitions

 

 

 

-

 

 

 

 

1,259,447

 

 

 

 

-

 

 

 

 

1,259,447

 

Foreign currency translation adjustment

 

 

 

-

 

 

 

 

(27,818

)

 

 

 

-

 

 

 

 

(27,818

)

Balance as of December 31, 2015

 

$

 

510,484

 

 

$

 

1,294,264

 

 

$

 

-

 

 

$

 

1,804,748

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortizable Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2013

 

$

 

573,083

 

 

$

 

81,926

 

 

$

 

-

 

 

$

 

655,009

 

Additions - business acquisitions

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Foreign currency translation adjustment

 

 

 

-

 

 

 

 

(3,525

)

 

 

 

-

 

 

 

 

(3,525

)

Amortization

 

 

 

(48,318

)

 

 

 

(7,285

)

 

 

 

-

 

 

 

 

(55,603

)

Balance as of December 31, 2014

 

 

 

524,765

 

 

 

 

71,116

 

 

 

 

-

 

 

 

 

595,881

 

Additions - business acquisitions

 

 

 

-

 

 

 

 

761,362

 

 

 

 

-

 

 

 

 

761,362

 

Foreign currency translation adjustment

 

 

 

-

 

 

 

 

(25,932

)

 

 

 

 

 

 

 

 

(25,932

)

Amortization

 

 

 

(40,166

)

 

 

 

(28,481

)

 

 

 

-

 

 

 

 

(68,647

)

Balance as of December 31, 2015

 

$

 

484,599

 

 

$

 

778,065

 

 

$

 

-

 

 

$

 

1,262,664

 

 

Summary of amortization expense associated with intangible assets

Amortization expense associated with intangible assets for each of the next five years is expected to be as follows:

 

( in thousands )

 

Estimated Amortization **

 

2016

 

$

86,310

 

2017

 

$

85,247

 

2018

 

$

84,951

 

2019

 

$

85,828

 

2020

 

$

77,570

 

Thereafter

 

$

842,758

 

 

 

 

 

 

** The functional currency of certain foreign subsidiaries differs from the U.S. Dollar, so these amounts are subject to change as rates fluctuate.