Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Licenses and Franchise Rights

Licenses and Franchise Rights

Licenses
		U.S. Cellular		Wireline		Cable		Non-Reportable Segment		Total
(Dollars in thousands)
Balance December 31, 2013		$	1,405,759	$	2,800	$	-	$	15,220	$	1,423,779
	Acquisitions		41,707		-		2,703		-		44,410
	Transferred to Assets held for sale		(68,288)		-		-		-		(68,288)
	Exchanges, net		15,719		-		-		-		15,719
	Divestitures		-		-		-		(15,220)		(15,220)
	Other		408		-		-		-		408
Balance September 30, 2014		$	1,395,305	$	2,800	$	2,703	$	-	$	1,400,808

Franchise Rights
		Cable
(Dollars in thousands)
Balance December 31, 2013		$	123,668
	Acquisitions		115,629
	Divestitures		(347)
Balance September 30, 2014		$	238,950

Goodwill

Goodwill

Goodwill
					TDS Telecom
			U.S. Cellular		Wireline (1)		Cable		HMS		Non-Reportable Segment		Total
(Dollars in thousands)
Assigned value at time of acquisition			$	622,681	$	449,898	$	61,712	$	118,830	$	4,317	$	1,257,438
	Accumulated impairment losses in prior periods			(333,900)		(29,440)		-		-		(515)		(363,855)
	Other			(56,740)		-		-		-		-		(56,740)
Balance December 31, 2013				232,041		420,458		61,712		118,830		3,802		836,843
	Acquisitions			-				33,002		-		-		33,002
	Loss on impairment			-		-		-		(84,000)		-		(84,000)
	Divestitures			-		(2,565)		-		-		-		(2,565)
Balance September 30, 2014			$	232,041	$	417,893	$	94,714	$	34,830	$	3,802	$	783,280
(1)		On July 31, 2014, TDS Telecom sold certain Wireline markets.

Fair Value Inputs

Fair Value Key Assumptions

Key assumptions	HMS
Revenue growth rate	6.1	%
Terminal revenue growth rate	2.5	%
Discount rate	11.5	%
Capital expenditures as a percentage of revenue	8.6	%