XML 47 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets  
Schedule of goodwill and intangible assets

 

 

        Goodwill and intangible assets consist of the following at December 31, 2015 and 2014 (amounts in thousands):

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2015

 

2014

 

Broadcast license

 

$

41,356 

 

$

41,356 

 

Goodwill

 

 

164,887 

 

 

164,887 

 

Other intangibles

 

 

78,185 

 

 

91,611 

 

​  

​  

​  

​  

Total intangible assets

 

$

284,428 

 

$

297,854 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of the changes in goodwill and other indefinite lived intangible assets

 

        A summary of changes in the Company's goodwill and other indefinite lived intangible assets, on a net basis, for the years ended December 31, 2015 and 2014 is as follows (amounts in thousands):

                                                                                                                                                                                    

 

 

Net Balance at
December 31, 2014

 

Additions

 

Impairment

 

Net Balance at
December 31, 2015

 

Broadcast license

 

$

41,356 

 

$

 

$

 

$

41,356 

 

Goodwill

 

 

164,887 

 

 

 

 

 

 

164,887 

 

Brands

 

 

15,986 

 

 

 

 

 

 

15,986 

 

Other intangibles

 

 

700 

 

 

 

 

 

 

700 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total indefinite-lived intangibles

 

$

222,929 

 

$

 

$

 

$

222,929 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Net Balance at
December 31, 2013

 

Additions

 

Impairment

 

Net Balance at
December 31, 2014

 

Broadcast licenses

 

$

41,356 

 

$

 

$

 

$

41,356 

 

Goodwill

 

 

130,794 

 

 

34,093 

 

 

 

 

164,887 

 

Brands

 

 

 

 

15,986 

 

 

 

 

15,986 

 

Other intangibles

 

 

700 

 

 

 

 

 

 

700 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total indefinite-lived intangible

 

$

172,850 

 

$

50,079 

 

$

 

$

222,929 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

Summary of the changes in other amortizable intangible assets

 

 

        A summary of the changes in the Company's other amortizable intangible assets for the years ended December 31, 2015 and 2014 is as follows (amounts in thousands):

                                                                                                                                                                                    

 

 

Net Balance at
December 31, 2014

 

Additions

 

Amortization

 

Net Balance at
December 31, 2015

 

Affiliate relationships

 

$

69,064

 

$

 

$

(12,298

)

$

56,766

 

Advertiser relationships

 

 

2,896

 

 

 

 

(552

)

 

2,344

 

Non-compete agreement

 

 

2,882

 

 

 

 

(549

)

 

2,333

 

Other intangibles

 

 

83

 

 

65

 

 

(92

)

 

56

 

​  

​  

​  

​  

​  

​  

​  

​  

Total Finite-lived intangibles

 

$

74,925

 

$

65

 

$

(13,491

)

$

61,499

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Net Balance at
December 31, 2013

 

Additions

 

Amortization

 

Net Balance at
December 31, 2014

 

Affiliate relationships

 

$

33,910

 

$

46,014

 

$

(10,860

)

$

69,064

 

Advertiser relationships

 

 

 

 

3,310

 

 

(414

)

 

2,896

 

Non-compete agreement

 

 

 

 

3,294

 

 

(412

)

 

2,882

 

Other intangibles

 

 

 

 

1,140

 

 

(1,057

)

 

83

 

​  

​  

​  

​  

​  

​  

​  

​  

Total finite-lived intangibles

 

$

33,910

 

$

53,758

 

$

(12,743

)

$

74,925

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of future estimated amortization expense

 

 

        The weighted average remaining amortization period is 5.1 years at December 31, 2015. Future estimated amortization expense is as follows (amounts in thousands):

                                                                                                                                                                                    

 

                                                                                                                                                                                    

Year Ending December 31,

 

Amount

 

2016

 

$

13,421 

 

2017

 

 

13,248 

 

2018

 

 

13,182 

 

2019

 

 

8,432 

 

2020 and thereafter

 

 

13,216 

 

​  

​  

 

 

$

61,499 

 

​  

​  

​  

​