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INTANGIBLE ASSETS AND GOODWILL (Tables)
6 Months Ended
Jun. 25, 2017
INTANGIBLE ASSETS AND GOODWILL  
Schedule of intangible assets (primarily advertiser lists, subscriber lists and developed technology), mastheads and goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 25,

 

Acquisition

 

Amortization

 

June 25,

 

(in thousands)

    

2016

    

Adjustments

 

Expense

    

2017

 

Intangible assets subject to amortization

 

$

839,273

 

$

11

 

$

 —

 

$

839,284

 

Accumulated amortization

 

 

(711,723)

 

 

 —

 

 

(24,176)

 

 

(735,899)

 

 

 

 

127,550

 

 

11

 

 

(24,176)

 

 

103,385

 

Mastheads

 

 

171,436

 

 

 —

 

 

 —

 

 

171,436

 

Goodwill

 

 

705,174

 

 

 —

 

 

 —

 

 

705,174

 

Total

 

$

1,004,160

 

$

11

 

$

(24,176)

 

$

979,995

 

 

Summary of amortization expense with respect to intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

Six Months Ended

 

 

    

June 25,

    

June 26,

 

June 25,

 

June 26,

 

(in thousands)

 

2017

 

2016

 

2017

 

2016

 

Amortization expense

 

 $

12,093

 

 $

11,996

 

 $

24,176

 

 $

23,994

 

 

Amortization expense for the five succeeding fiscal years

The estimated amortization expense for the remainder of fiscal year 2017 and the five succeeding fiscal years is as follows: 

 

 

 

 

 

 

 

Amortization

 

 

Expense

Year

 

(in thousands)

2017 (Remainder)

 

 $

25,114

2018

 

 

47,660

2019

 

 

24,154

2020

 

 

803

2021

 

 

680

2022

 

 

655