Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

7.	Goodwill and Intangible Assets

Goodwill consisted of the following:

	March 31, 2017
(in thousands)	Gross		Accumulated Impairments⁽¹⁾			Net
Goodwill	$	1,768,395	$	(102,264	)	$	1,666,131
(1) All accumulated impairments to goodwill are within International Networks.
	December 31, 2016
(in thousands)	Gross		Accumulated Impairments⁽¹⁾			Net
Goodwill	$	1,744,433	$	(102,264	)	$	1,642,169
(1) All accumulated impairments to goodwill are within International Networks.

Activity related to goodwill by business segment consisted of the following:

(in thousands) Goodwill	U.S. Networks		International Networks		Corporate and Other		Total
December 31, 2016	$	510,484	$	1,131,685	$	-	$	1,642,169
Foreign currency translation adjustment		-		23,962		-		23,962
March 31, 2017	$	510,484	$	1,155,647	$	-	$	1,666,131

Intangible assets consisted of the following:

(in thousands)	March 31, 2017
Intangible assets	Gross		Accumulated Amortization			Net
Acquired network distribution rights	$	726,611	$	(244,396	)	$	482,215
Customer and advertiser lists		215,811		(98,536	)		117,275
Copyrights and other tradenames		378,422		(69,750	)		308,672
Broadcast licenses		121,034		(9,741	)		111,293
Acquired rights and other		119,866		(37,871	)		81,995
Total	$	1,561,744	$	(460,294	)	$	1,101,450


(in thousands)	December 31, 2016
Intangible assets	Gross		Accumulated Amortization			Net
Acquired network distribution rights	$	717,834	$	(232,856	)	$	484,978
Customer and advertiser lists		209,314		(93,232	)		116,082
Copyrights and other tradenames		362,236		(61,286	)		300,950
Broadcast licenses		114,832		(7,861	)		106,971
Acquired rights and other		119,885		(36,184	)		83,701
Total	$	1,524,101	$	(431,419	)	$	1,092,682

Amortization expense associated with intangible assets for future periods is expected to be as follows:

( in thousands )	Estimated Amortization *
Remainder of 2017	$	66,551
2018	$	98,751
2019	$	100,877
2020	$	83,628
2021	$	80,833
Thereafter	$	670,810

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

- 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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