XML 26 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 9 - Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
9
.      Goodwill and Intangible Assets
 
As of
March 31, 2018
and
December 31, 2017,
our intangible assets and related accumulated amortization consisted of the following (in thousands):
 
   
As of March 31, 2018
   
As of December 31, 2017
 
   
 
 
 
 
Accumulated
   
 
 
 
 
 
 
 
 
Accumulated
   
 
 
 
   
Gross
   
Amortization
   
Net
   
Gross
   
Amortization
   
Net
 
Intangible assets not currently subject to amortization:
                                               
Broadcast licenses
  $
1,584,402
    $
(53,699
)   $
1,530,703
    $
1,584,402
    $
(53,699
)   $
1,530,703
 
Goodwill
   
611,100
     
-
     
611,100
     
611,100
     
-
     
611,100
 
    $
2,195,502
    $
(53,699
)   $
2,141,803
    $
2,195,502
    $
(53,699
)   $
2,141,803
 
                                                 
Intangible assets subject to amortization:
                                               
Network affiliation agreements
  $
6,134
    $
(4,196
)   $
1,938
     
6,134
    $
(3,551
)   $
2,583
 
Other finite-lived intangible assets
   
143,446
     
(77,036
)    
66,410
     
143,446
     
(72,245
)    
71,201
 
    $
149,580
    $
(81,232
)   $
68,348
    $
149,580
    $
(75,796
)   $
73,784
 
                                                 
Total intangibles
  $
2,345,082
    $
(134,931
)   $
2,210,151
    $
2,345,082
    $
(129,495
)   $
2,215,587
 
 
Amortization expense for the
three
-months ended
March 31, 2018
and
2017
was
$5.4
million and
$5.6
million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the remainder of
2018
will be approximately
$9.7
million, and, for the succeeding
five
years, amortization expense will be approximately as follows:
2019,
$15.4
million;
2020,
$12.4
million;
2021,
$8.3
million;
2022,
$4.8
million; and
2023,
$2.9
million. If and when acquisitions and dispositions occur in the future, actual amounts
may
vary from these estimates.
 
Impairment of goodwill and broadcast license
s
 
Our intangible assets are primarily comprised of broadcast licenses. There were
no
triggering events that required a test of our goodwill or intangible assets for impairment during the
three
-months ended
March 31, 2018
or
2017.