XML 161 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Schedule of Property, Plant and Equipment

The Company’s property, plant and equipment consisted of the following classes of assets at September 30, 2014 and December 31, 2013, respectively.

 

(In thousands)    September 30,
2014
     December 31,
2013
 

Structures

   $ 3,023,714      $ 3,021,152  

Less: accumulated depreciation

     1,380,187        1,255,642  
  

 

 

    

 

 

 

Structures, net

   $ 1,643,527      $ 1,765,510  
  

 

 

    

 

 

 

Land, buildings and improvements

   $ 739,845      $ 723,268  

Towers, transmitters and studio equipment

     451,651        440,612  

Furniture and other equipment

     525,245        473,995  

Construction in progress

     89,881        123,814  
  

 

 

    

 

 

 
     1,806,622        1,761,689  

Less: accumulated depreciation

     721,408        629,569  
  

 

 

    

 

 

 

Other property, plant and equipment, net

   $ 1,085,214      $ 1,132,120  
  

 

 

    

 

 

 

The Company’s property, plant and equipment consisted of the following classes of assets at December 31, 2013 and 2012, respectively.

 

 

(In thousands)        December 31,    
2013
         December 31,    
2012
 

Land, buildings and improvements

    $ 723,268        $ 685,431   

Structures

     3,021,152         2,949,458   

Towers, transmitters and studio equipment

     440,612         427,679   

Furniture and other equipment

     473,995         431,757   

Construction in progress

     123,814         105,394   
  

 

 

    

 

 

 
     4,782,841         4,599,719   

Less: accumulated depreciation

     1,885,211         1,562,865   
  

 

 

    

 

 

 

Property, plant and equipment, net

    $ 2,897,630        $ 3,036,854   
  

 

 

    

 

 

 
Schedule Of Other Intangible Assets

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets at September 30, 2014 and December 31, 2013, respectively:

 

(In thousands)    September 30, 2014      December 31, 2013  
     Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 

Transit, street furniture and other outdoor contractual rights

    $ 749,372       $ (490,255)       $ 777,521       $ (464,548)  

Customer / advertiser relationships

     1,212,349        (735,526)        1,212,745        (645,988)  

Talent contracts

     319,384        (216,788)        319,617        (195,403)  

Representation contracts

     238,107        (201,215)        252,961        (200,058)  

Permanent easements

     174,628                173,753          

Other

     387,847        (170,816)        387,405        (151,459)  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

    $ 3,081,687       $ (1,814,600)       $ 3,124,002       $ (1,657,456)  
  

 

 

    

 

 

    

 

 

    

 

 

 

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets at December 31, 2013 and 2012, respectively:

 

(In thousands)   December 31, 2013

 

    December 31, 2012

 

 
       Gross Carrying   
Amount
       Accumulated   
   Amortization   
       Gross Carrying   
Amount
       Accumulated   
Amortization
 

Transit, street furniture and other outdoor contractual rights

   $ 777,521       $ (464,548)       $ 785,303       $ (403,955)   

Customer / advertiser relationships

    1,212,745        (645,988)        1,210,245        (526,197)   

Talent contracts

    319,617        (195,403)        344,255        (177,527)   

Representation contracts

    252,961        (200,058)        243,970        (171,069)   

Permanent easements

    173,753        -        173,374        -   

Other

    387,405        (151,459)        387,973        (125,580)   
 

 

 

   

 

 

   

 

 

   

 

 

 

  Total

   $ 3,124,002       $ (1,657,456)       $ 3,145,120       $ (1,404,328)   
 

 

 

   

 

 

   

 

 

   

 

 

 
Schedule Of Future Amortization Expenses

The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:

 

(In thousands)

  

2015

   $         240,713  

2016

     222,207  

2017

     195,977  

2018

     126,664  

2019

     42,545  

The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:

 

(In thousands)       

2014

   $       261,125   

2015

     241,637   

2016

     223,146   

2017

     196,839   

2018

     127,275   
Schedule Of Changes In Carrying Amount Of Goodwill

The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments.

 

(In thousands)       iHM             Americas Outdoor    
Advertising
        International    
Outdoor
Advertising
        Other             Consolidated      

Balance as of December 31, 2012

   $ 3,236,688       $ 571,932       $ 290,316       $ 117,149       $ 4,216,085   

Impairment

    -           -           (10,684)       -           (10,684)  

Acquisitions

    -           -           -           97        97   

Dispositions

    -           -           (456)       -           (456)  

Foreign currency

    -           -           (974)       -           (974)  

Other

    (1,881)       -           -           -           (1,881)  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of December 31, 2013

   $ 3,234,807       $ 571,932       $ 278,202       $ 117,246       $ 4,202,187   

Acquisitions

    28,760        -           -           298        29,058   

Foreign currency

    -           -           (18,693)       -           (18,693)  

Other

    60        -           -           -           60   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of September 30, 2014

   $ 3,263,627       $ 571,932       $ 259,509       $ 117,544       $ 4,212,612   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments. The provisions of ASC 350-20-50-1 require the disclosure of cumulative impairment. As a result of the merger, a new basis in goodwill was recorded in accordance with ASC 805-10. All impairments shown in the table below have been recorded subsequent to the merger and, therefore, do not include any pre-merger impairment.

 

(In thousands)         iHM           Americas Outdoor
Advertising
         International     
Outdoor
Advertising
               Other                     Consolidated      

Balance as of December 31, 2011

  $ 3,212,427      $ 571,932      $ 285,261      $ 117,098       $ 4,186,718   

Acquisitions

    24,842        -        -        51         24,893   

Dispositions

    (489)        -        (2,729)        -         (3,218)   

Foreign currency

    -        -        7,784        -         7,784   

Other

    (92)        -        -        -         (92)   
 

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2012

  $ 3,236,688      $ 571,932      $ 290,316      $ 117,149       $ 4,216,085   

Impairment

    -        -        (10,684)        -         (10,684)   

Acquisitions

    -        -        -        97         97   

Dispositions

    -        -        (456)        -         (456)   

Foreign currency

    -        -        (974)        -         (974)   

Other

    (1,881)        -        -        -         (1,881)   
 

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2013

  $ 3,234,807      $ 571,932      $ 278,202      $ 117,246       $ 4,202,187