Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Note 5. Goodwill and Intangible Assets

Goodwill and intangible assets consist of the following as of June 30, 2022 and December 31, 2021 (amounts in thousands):

	June 30,			December 31,
	2022		2021
Broadcast license	$	41,356	$	41,356
Goodwill		165,597		231,710
Other intangibles		17,319		115,110
Total intangible assets	$	224,272	$	388,176

A summary of changes in the Company’s goodwill and other indefinite-lived intangible assets, on a net basis, for the six months ended June 30, 2022 is as follows (amounts in thousands):

	Net Balance at				Held for Sale		Net Balance at
	December 31, 2021		Additions		Reclassification		June 30, 2022
Broadcast license	$	41,356	$	—	$	—	$	41,356
Goodwill		231,710		—		(66,113)		165,597
Brands		15,986		—		—		15,986
Other intangibles		700		—		—		700
Total indefinite-lived intangibles	$	289,752	$	—	$	(66,113)	$	223,639

A summary of the changes in the Company’s other amortizable intangible assets for the six months ended June 30,2022 is as follows (amounts in thousands):

	Net Balance at				Held for Sale				Net Balance at
	December 31, 2021		Additions		Reclassification		Amortization		June 30, 2022
Affiliate and customer relationships	$	50,681	$	—	$	(45,262)	$	(5,339)	$	80
Programming contracts		24,981		—		(22,380)		(2,308)		293
Brands		22,762		260		(21,888)		(874)		260
Total finite-lived intangibles	$	98,424	$	260	$	(89,530)	$	(8,521)	$	633

The aggregate amortization expense of the Company’s amortizable intangible assets was $2.1 million and $3.2 million for the three months ended June 30, 2022 and 2021, respectively, and $8.5 million and $4.8 million for the six months ended June 30, 2022 and 2021, respectively. The weighted average remaining amortization period is 3.1 years at June 30, 2022.

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

Year Ending December 31,	Amount
Remainder of 2022	$	100
2023		199
2024		199
2025		135
2026 and thereafter		—
Total	$	633