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Property, Plant and Equipment, Intangible Assets and Goodwill (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Schedule of Property, Plant and Equipment

The Company’s property, plant and equipment consisted of the following classes of assets at March 31, 2015 and December 31, 2014, respectively:

 

(In thousands) March 31,
2015
  December 31,
2014
 

Land, buildings and improvements

$ 698,642    $ 731,925   

Structures

  2,961,735      2,999,582   

Towers, transmitters and studio equipment

  457,517      453,044   

Furniture and other equipment

  544,002      536,255   

Construction in progress

  68,030      95,671   
  

 

 

    

 

 

 
  4,729,926      4,816,477   

Less: accumulated depreciation

  2,144,136      2,117,413   
  

 

 

    

 

 

 

Other property, plant and equipment, net

$ 2,585,790    $ 2,699,064   
  

 

 

    

 

 

 

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

 

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

Land, buildings and improvements

$ 731,925    $ 723,268   

Structures

  2,999,582      3,021,152   

Towers, transmitters and studio equipment

  453,044      440,612   

Furniture and other equipment

  536,255      473,995   

Construction in progress

  95,671      123,814   
  

 

 

    

 

 

 
  4,816,477      4,782,841   

Less: accumulated depreciation

  2,117,413      1,885,211   
  

 

 

    

 

 

 

Property, plant and equipment, net

$ 2,699,064    $ 2,897,630   
  

 

 

    

 

 

 
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 March 31, 2015 and December 31, 2014, respectively:

 

(In thousands)    March 31, 2015     December 31, 2014  
     Gross Carrying
Amount
     Accumulated
Amortization
    Gross Carrying
Amount
     Accumulated
Amortization
 

Transit, street furniture and other outdoor contractual rights

    $ 666,821        $ (445,797    $ 716,723        $ (476,523

Customer / advertiser relationships

     1,222,518         (800,930     1,222,518         (765,596

Talent contracts

     319,384         (231,083     319,384         (223,936

Representation contracts

     240,017         (211,229     238,313         (206,338

Permanent easements

     171,238         —          171,271           

Other

     388,247         (177,705     388,160         (177,249
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

 $ 3,008,225     $ (1,866,744  $ 3,056,369     $ (1,849,642
  

 

 

    

 

 

   

 

 

    

 

 

 

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

 

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

Transit, street furniture and other outdoor contractual rights

 $ 716,723       $(476,523)     $ 777,521       $(464,548)   

Customer / advertiser relationships

  1,222,518      (765,596)      1,212,745      (645,988)   

Talent contracts

  319,384      (223,936)      319,617      (195,403)   

Representation contracts

  238,313      (206,338)      252,961      (200,058)   

Permanent easements

  171,271           173,753        

Other

  388,160      (177,249)      387,405      (151,459)   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

 $ 3,056,369       $(1,849,642)     $ 3,124,002       $(1,657,456)   
  

 

 

    

 

 

    

 

 

    

 

 

 
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)       

2016

   $         222,529   

2017

     199,136   

2018

     126,019   

2019

     41,451   

2020

     35,217   

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

$         236,019   

2016

  219,485   

2017

  197,061   

2018

  127,730   

2019

  42,274   
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, 2013

$ 3,234,807     $ 585,227     $ 264,907     $ 117,246    $ 4,202,187    

Acquisitions

  17,900                 299      18,199    

Foreign currency

       (653)      (32,369)      -      (33,022)   

Other

  60                 -      60    
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of December 31, 2014

$ 3,252,767     $ 584,574     $ 232,538     $ 117,545    $ 4,187,424    

Acquisitions

                 -        

Foreign currency

       (167)      (16,625)      -      (16,792)   

Other

                 -        
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of March 31, 2015

$ 3,252,767     $ 584,407     $ 215,913     $ 117,545    $ 4,170,632    
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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     $ 585,307     $ 276,941     $ 117,149    $ 4,216,085    

Impairment

            (10,684)      -      (10,684)   

Acquisitions

                 97      97    

Dispositions

            (456)      -      (456)   

Foreign currency

       (80)      (894)      -      (974)   

Other

  (1,881)                -      (1,881)   
 

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2013

$ 3,234,807     $ 585,227     $ 264,907     $ 117,246    $ 4,202,187    

Acquisitions

  17,900                 299      18,199    

Foreign currency

       (653)      (32,369)      -      (33,022)   

Other

  60                 -      60    
 

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2014

$ 3,252,767     $ 584,574     $ 232,538     $ 117,545    $ 4,187,424