Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying amount of goodwill is as follows (dollars in thousands):

	Total
Balance as of January 1, 2018 (Predecessor Company)
Goodwill		$	1,582,806
Accumulated impairment losses	(1,447,592			)
Balance as of January 1, 2018 (Predecessor Company)		$	135,214
Balance as of June 3, 2018 (Predecessor Company)
Goodwill		$	1,582,806
Accumulated impairment losses	(1,447,592			)
Balance as of June 3, 2018 (Predecessor Company)		$	135,214
Impact of fresh start accounting	(135,214			)
Balance as of June 4, 2018 (Successor Company)		$	—

Schedule of Indefinite-Lived Intangible Assets

The Company's intangible assets are as follows (dollars in thousands):

	Indefinite-Lived						Definite-Lived												Total
Gross Carrying Amount	FCC licenses			Trademarks			Affiliate and producer relationships			Broadcast advertising			Tower income contracts			Other
Balance as of January 1, 2018 (Predecessor Company)	$	1,203,809		$	—		$	—		$	—		$	—		$	82,994		$	1,286,803
Dispositions	—			—			—			—			—			—			—
Balance as of June 3, 2018 (Predecessor Company)	$	1,203,809		$	—		$	—		$	—		$	—		$	82,994		$	1,286,803
Impact of fresh start accounting	(285,309		)	21,200			130,000			32,000			15,000			(68,736		)	(155,845		)
Balance as of June 4, 2018 (Successor Company)	$	918,500		$	21,200		$	130,000		$	32,000		$	15,000		$	14,258		$	1,130,958
Dispositions	(324		)	(16		)	—			—			(17		)	(5		)	(362		)
Acquisitions (See Note 4)	17,476			—			—			—			—			—			17,476
Balance as of December 31, 2018 (Successor Company)	$	935,652		$	21,184		$	130,000		$	32,000		$	14,983		$	14,253		$	1,148,072
Accumulated Amortization
Balance as of June 3, 2018 (Predecessor Company)	$	—		$	—		$	—		$	—		$	—		$	(7,938	)	$	(7,938	)
Impact of fresh start accounting	—			—			—			—			—			7,938			7,938
Balance as of June 4, 2018 (Successor Company)	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Amortization expense	—			—			(6,894		)	(3,733		)	(971		)	(7,287		)	(18,885		)
Balance as of December 31, 2018 (Successor Company)	$	—		$	—		$	(6,894	)	$	(3,733	)	$	(971	)	$	(7,287	)	$	(18,885	)
Net Book Value as of December 31, 2018 (Successor Company)	$	935,652		$	21,184		$	123,106		$	28,267		$	14,012		$	6,966		$	1,129,187

	Indefinite-Lived						Definite-Lived												Total
Gross Carrying Amount	FCC licenses			Trademarks			Affiliate and producer relationships			Broadcast advertising			Tower income contracts			Other
Balance as of December 31, 2018 (Successor Company)	$	935,652		$	21,184		$	130,000		$	32,000		$	14,983		$	14,253		$	1,148,072
Acquisitions (See Note 4)	24,111			—			—			—			—			—			24,111
Dispositions	(107,973		)	(1,065		)	—			—			(1,065		)	(710		)	(110,813		)
Assets held for sale (See Note 7)	(5,737		)	(198		)	—			—			(197		)	(132		)	(6,264		)
Impairment charges	(15,563		)	—			—			—			—			—			(15,563		)
Other (a)	—			—			—			—			—			(2,220		)	(2,220		)
Balance as of December 31, 2019 (Successor Company)	$	830,490		$	19,921		$	130,000		$	32,000		$	13,721		$	11,191		$	1,037,323
Accumulated Amortization
Balance as of December 31, 2018 (Successor Company)	$	—		$	—		$	(6,894	)	$	(3,733	)	$	(971	)	$	(7,287	)	$	(18,885	)
Amortization Expense	—			—			(11,818		)	(6,400		)	(1,558		)	(4,881		)	(24,657		)
Dispositions							—			—			115			691			806
Other (a)	—			—			—			—			—			286			286
Balance as of December 31, 2019 (Successor Company)	$	—		$	—		$	(18,712	)	$	(10,133	)	$	(2,414	)	$	(11,191	)	$	(42,450	)
Net Book Value as of December 31, 2019 (Successor Company)	$	830,490		$	19,921		$	111,288		$	21,867		$	11,307		$	—		$	994,873

(a) Reclassification of leasehold intangibles to right of use assets related to the adoption of ASC 842.

Schedule of Finite-Lived Intangible Assets

The Company's intangible assets are as follows (dollars in thousands):

	Indefinite-Lived						Definite-Lived												Total
Gross Carrying Amount	FCC licenses			Trademarks			Affiliate and producer relationships			Broadcast advertising			Tower income contracts			Other
Balance as of January 1, 2018 (Predecessor Company)	$	1,203,809		$	—		$	—		$	—		$	—		$	82,994		$	1,286,803
Dispositions	—			—			—			—			—			—			—
Balance as of June 3, 2018 (Predecessor Company)	$	1,203,809		$	—		$	—		$	—		$	—		$	82,994		$	1,286,803
Impact of fresh start accounting	(285,309		)	21,200			130,000			32,000			15,000			(68,736		)	(155,845		)
Balance as of June 4, 2018 (Successor Company)	$	918,500		$	21,200		$	130,000		$	32,000		$	15,000		$	14,258		$	1,130,958
Dispositions	(324		)	(16		)	—			—			(17		)	(5		)	(362		)
Acquisitions (See Note 4)	17,476			—			—			—			—			—			17,476
Balance as of December 31, 2018 (Successor Company)	$	935,652		$	21,184		$	130,000		$	32,000		$	14,983		$	14,253		$	1,148,072
Accumulated Amortization
Balance as of June 3, 2018 (Predecessor Company)	$	—		$	—		$	—		$	—		$	—		$	(7,938	)	$	(7,938	)
Impact of fresh start accounting	—			—			—			—			—			7,938			7,938
Balance as of June 4, 2018 (Successor Company)	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Amortization expense	—			—			(6,894		)	(3,733		)	(971		)	(7,287		)	(18,885		)
Balance as of December 31, 2018 (Successor Company)	$	—		$	—		$	(6,894	)	$	(3,733	)	$	(971	)	$	(7,287	)	$	(18,885	)
Net Book Value as of December 31, 2018 (Successor Company)	$	935,652		$	21,184		$	123,106		$	28,267		$	14,012		$	6,966		$	1,129,187

	Indefinite-Lived						Definite-Lived												Total
Gross Carrying Amount	FCC licenses			Trademarks			Affiliate and producer relationships			Broadcast advertising			Tower income contracts			Other
Balance as of December 31, 2018 (Successor Company)	$	935,652		$	21,184		$	130,000		$	32,000		$	14,983		$	14,253		$	1,148,072
Acquisitions (See Note 4)	24,111			—			—			—			—			—			24,111
Dispositions	(107,973		)	(1,065		)	—			—			(1,065		)	(710		)	(110,813		)
Assets held for sale (See Note 7)	(5,737		)	(198		)	—			—			(197		)	(132		)	(6,264		)
Impairment charges	(15,563		)	—			—			—			—			—			(15,563		)
Other (a)	—			—			—			—			—			(2,220		)	(2,220		)
Balance as of December 31, 2019 (Successor Company)	$	830,490		$	19,921		$	130,000		$	32,000		$	13,721		$	11,191		$	1,037,323
Accumulated Amortization
Balance as of December 31, 2018 (Successor Company)	$	—		$	—		$	(6,894	)	$	(3,733	)	$	(971	)	$	(7,287	)	$	(18,885	)
Amortization Expense	—			—			(11,818		)	(6,400		)	(1,558		)	(4,881		)	(24,657		)
Dispositions							—			—			115			691			806
Other (a)	—			—			—			—			—			286			286
Balance as of December 31, 2019 (Successor Company)	$	—		$	—		$	(18,712	)	$	(10,133	)	$	(2,414	)	$	(11,191	)	$	(42,450	)
Net Book Value as of December 31, 2019 (Successor Company)	$	830,490		$	19,921		$	111,288		$	21,867		$	11,307		$	—		$	994,873

(a) Reclassification of leasehold intangibles to right of use assets related to the adoption of ASC 842.

Estimated Future Amortization Expense

As of December 31, 2019, future amortization expense related to the Company's definite-lived intangible assets was estimated as follows (dollars in thousands):

2020	$	19,743
2021	19,743
2022	19,743
2023	16,009
2024	13,343
Thereafter	55,881
Total definite-lived intangibles, net	$	144,462

Schedule of Valuation Assumptions For Impairment Assessments [Table Text Block]

Below are the key assumptions used in our annual impairment assessments:

	December 31, 2019		December 31, 2018
Discount rate	8.0	%	9.0	%
Long-term revenue growth rate	(0.75	)%	(0.75	)%
Mature operating profit margin for average stations in the markets where the Company operates	20% – 30%		26% – 28%