Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2012

Goodwill and Intangible Assets Disclosure

Goodwill and Intangible Assets

Goodwill of $76.9 million was recorded in connection with the WCP acquisition, of which $62.9 million is not expected to be deductible for tax purposes.

The following is a summary of the Company's intangible assets.



	As of March 31, 2012							As of December 31, 2011
	Gross Carrying Value		Accumulated Amortization			Net Book Value		Gross Carrying Value		Accumulated Amortization			Net Book Value
Site rental contracts and customer relationships	$	2,929,569	$	(785,754	)	$	2,143,815	$	2,823,832	$	(748,850	)	$	2,074,982
Other intangible assets	152,235		(52,661		)	99,574		152,375		(49,175		)	103,200
Total	$	3,081,804	$	(838,415	)	$	2,243,389	$	2,976,207	$	(798,025	)	$	2,178,182

The components of the additions to intangible assets during the three months ended March 31, 2012 are as follows:



	Three Months Ended March 31,
	2012
	Amount		Weighted-Average Amortization Period
			(In years)
Site rental contracts and customer relationships(a)	$	105,502	29.5
Other intangible assets	573		10.8
Total	$	106,075	29.4

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(a)	Predominately related to the WCP acquisition.

Amortization expense related to intangible assets is classified as follows on the Company's consolidated statement of operations and comprehensive income (loss):



	Three Months Ended March 31,
Classification	2012		2011
Depreciation, amortization and accretion	$	40,172	$	39,571
Site rental costs of operations	808		1,120
Total amortization expense	$	40,980	$	40,691

The estimated annual amortization expense related to intangible assets (inclusive of those recorded to "site rental costs of operations") for the nine months ended December 31, 2012 and years ended December 31, 2013 to 2016 is as follows:



	Nine Months Ended December 31,		Years Ending December 31,
	2012		2013		2014		2015		2016
Estimated annual amortization	$	119,473	$	156,673	$	154,383	$	145,473	$	145,466

See note 14.

- 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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