GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

4. GOODWILL AND INTANGIBLE ASSETS

Goodwill:

Goodwill by reporting unit as at December 31, 2017 and December 31, 2016 is summarized as follows:



	Bulgaria			Czech Republic			Romania			Slovak Republic			Total
Gross Balance, December 31, 2015	$	172,365		$	759,491		$	85,443		$	47,605		$	1,064,904
Accumulated impairment losses	(144,639		)	(287,545		)	(11,028		)	—			(443,212		)
Balance, December 31, 2015	27,726			471,946			74,415			47,605			621,692
Foreign currency	(976		)	(15,008		)	(2,657		)	(1,516		)	(20,157		)
Balance, December 31, 2016	26,750			456,938			71,758			46,089			601,535
Accumulated impairment losses	(144,639		)	(287,545		)	(11,028		)	—			(443,212		)
Gross Balance, December 31, 2016	$	171,389		$	744,483		$	82,786		$	46,089		$	1,044,747



	Bulgaria			Czech Republic			Romania			Slovak Republic		Total
Gross Balance, December 31, 2016	$	171,389		$	744,483		$	82,786		$	46,089	$	1,044,747
Accumulated impairment losses	(144,639		)	(287,545		)	(11,028		)	—		(443,212		)
Balance, December 31, 2016	26,750			456,938			71,758			46,089		601,535
Foreign currency	3,682			93,249			7,519			6,374		110,824
Balance, December 31, 2017	30,432			550,187			79,277			52,463		712,359
Accumulated impairment losses	(144,639		)	(287,545		)	(11,028		)	—		(443,212		)
Gross Balance, December 31, 2017	$	175,071		$	837,732		$	90,305		$	52,463	$	1,155,571

Other intangible assets:

Changes in the net book value of our other intangible assets as at December 31, 2017 and December 31, 2016 is summarized as follows:



	December 31, 2017							December 31, 2016
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Indefinite-lived:
Trademarks	$	87,900	$	—		$	87,900	$	76,731	$	—		$	76,731
Amortized:
Broadcast licenses	220,194		(161,820		)	58,374		184,195		(128,876		)	55,319
Trademarks	421		(421		)	—		380		(380		)	—
Customer relationships	58,771		(56,996		)	1,775		51,338		(48,997		)	2,341
Other	1,753		(1,567		)	186		1,522		(1,208		)	314
Total	$	369,039	$	(220,804	)	$	148,235	$	314,166	$	(179,461	)	$	134,705

Broadcast licenses consist of our TV NOVA license in the Czech Republic, which is amortized on a straight-line basis through the expiration date of the license in 2025. Our customer relationships are deemed to have an economic useful life of, and are amortized on a straight-line basis, over five years to fifteen years.

The estimated amortization expense for the succeeding five years for our intangible assets with finite lives as of December 31, 2017 is as follows:



2018	$	9,273
2019	8,725
2020	8,455
2021	8,405
2022	8,261

Impairment of goodwill and other intangible assets:

Our annual assessment of impairment includes the allocation of corporate debt to individual reporting units based on their relative fair values. This allocation resulted in negative carrying values for the Romania and the Slovak Republic segments for the purpose of the assessment, however, neither segment was determined to be impaired.

Upon conclusion of our annual impairment assessment, we determined that the fair value of our goodwill and other intangible assets were substantially in excess of their respective carrying values. We did not recognize any impairment charges in respect of goodwill and other intangible assets during the years ended December 31, 2017, 2016 or 2015. See Note 2, "Basis of Presentation and Summary of Significant Accounting Policies" for further information.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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