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INTANGIBLE ASSETS AND GOODWILL (Tables)
6 Months Ended
Jun. 26, 2016
INTANGIBLE ASSETS AND GOODWILL  
Schedule of intangible assets (primarily advertiser lists, subscriber lists and developed technology), mastheads and goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

December 27,

 

Amortization

 

June 26,

 

(in thousands)

    

2015

    

Expense

    

2016

 

Intangible assets subject to amortization

 

$

833,254

 

$

 —

 

$

833,254

 

Accumulated amortization

 

 

(663,735)

 

 

(23,994)

 

 

(687,729)

 

 

 

 

169,519

 

 

(23,994)

 

 

145,525

 

Mastheads

 

 

179,132

 

 

 —

 

 

179,132

 

Goodwill

 

 

705,174

 

 

 —

 

 

705,174

 

Total

 

$

1,053,825

 

$

(23,994)

 

$

1,029,831

 

 

Summary of amortization expense with respect to intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

Six Months Ended

 

 

    

June 26,

    

June 28,

 

June 26,

 

June 28,

 

(in thousands)

 

2016

 

2015

 

2016

 

2015

 

Amortization expense

 

 $

11,996

 

 $

12,075

 

 $

23,994

 

 $

24,215

 

 

Amortization expense for the five succeeding fiscal years

The estimated amortization expense for the remainder of fiscal year 2016 and the five succeeding fiscal years is as follows: 

 

 

 

 

 

 

 

Amortization

 

 

Expense

Year

 

(in thousands)

2016 (Remainder)

 

 $

23,992

2017

 

 

48,907

2018

 

 

47,275

2019

 

 

23,769

2020

 

 

418

2021

 

 

296