GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

4. GOODWILL AND INTANGIBLE ASSETS

Goodwill:

Goodwill by reporting unit as at March 31, 2018 and December 31, 2017 was as follows:



	Bulgaria			Czech Republic			Romania			Slovak Republic		Total
Gross Balance, December 31, 2017	$	175,071		$	837,732		$	90,305		$	52,463	$	1,155,571
Accumulated impairment losses	(144,639		)	(287,545		)	(11,028		)	—		(443,212		)
Balance, December 31, 2017	30,432			550,187			79,277			52,463		712,359
Foreign currency	832			17,321			2,271			1,439		21,863
Balance, March 31, 2018	31,264			567,508			81,548			53,902		734,222
Accumulated impairment losses	(144,639		)	(287,545		)	(11,028		)	—		(443,212		)
Gross Balance, March 31, 2018	$	175,903		$	855,053		$	92,576		$	53,902	$	1,177,434

Other intangible assets:

Changes in the net book value of our other intangible assets as at March 31, 2018 and December 31, 2017 are summarized as follows:



	March 31, 2018							December 31, 2017
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Indefinite-lived:
Trademarks	$	90,422	$	—		$	90,422	$	87,900	$	—		$	87,900
Amortized:
Broadcast licenses	227,013		(168,926		)	58,087		220,194		(161,820		)	58,374
Trademarks	433		(433		)	—		421		(421		)	—
Customer relationships	60,455		(58,849		)	1,606		58,771		(56,996		)	1,775
Other	1,802		(1,624		)	178		1,753		(1,567		)	186
Total	$	380,125	$	(229,832	)	$	150,293	$	369,039	$	(220,804	)	$	148,235

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.

- 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.

+ References + Details