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Goodwill and intangible assets (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill and intangible assets  
Schedule of goodwill and intangible assets

 

Goodwill and intangible assets consist of the following at March 31, 2017 and December 31, 2016 (amounts in thousands):

 

 

 

March 31,

 

December 31,

 

 

 

2017

 

2016

 

Broadcast license

 

$

41,356

 

$

41,356

 

Goodwill

 

164,887

 

164,887

 

Other intangibles

 

61,499

 

64,849

 

 

 

 

 

 

 

Total intangible assets

 

$

267,742

 

$

271,092

 

 

 

 

 

 

 

 

 

 

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 three months ended March 31, 2017 is as follows (amounts in thousands):

 

 

 

Net Balance at
December 31, 2016

 

Additions

 

Impairment

 

Net Balance at
March 31, 2017

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the changes in other amortizable intangible assets

 

A summary of the changes in the Company’s other amortizable intangible assets for each of the three months ended March 31, 2017 is as follows (amounts in thousands):

 

 

 

Net Balance at
December 31, 2016

 

Additions

 

Amortization

 

Net Balance at
March 31, 2017

 

Affiliate relationships

 

$

44,468

 

$

 

$

(3,075

)

$

41,393

 

Advertiser relationships

 

1,792

 

 

(138

)

1,654

 

Non-compete agreement

 

1,784

 

 

(137

)

1,647

 

Other intangibles

 

119

 

9

 

(9

)

119

 

 

 

 

 

 

 

 

 

 

 

Total finite-lived intangibles

 

$

48,163

 

$

9

 

$

(3,359

)

$

44,813

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of future estimated amortization expense

 

Future estimated amortization expense is as follows (amounts in thousands):

 

Year Ending December 31,

 

Amount

 

Remainder of 2017

 

$

9,924

 

2018

 

13,208

 

2019

 

8,458

 

2020

 

6,033

 

2021 and thereafter

 

7,190

 

 

 

 

 

 

 

$

44,813