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Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets
The Company's intangible assets are as follows (dollars in thousands):
Indefinite-LivedDefinite-LivedTotal
Gross Carrying Amount
FCC licenses		TrademarksAffiliate and producer relationshipsBroadcast advertisingTower income contractsOther
Balance as of December 31, 2018$935,652 $21,184 $130,000 $32,000 $14,983 $14,253 $1,148,072 
Acquisitions (See Note 2)24,111 — — — — — 24,111 
Dispositions(107,973)(1,065)— — (1,065)(710)(110,813)
Assets held for sale (See Note 4)(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$830,490 $19,921 $130,000 $32,000 $13,721 $11,191 $1,037,323 
Accumulated Amortization
Balance as of December 31, 2018$— $— $(6,894)$(3,733)$(971)$(7,287)$(18,885)
Amortization Expense— — (11,818)(6,400)(1,558)(4,881)(24,657)
Dispositions— — — — 115 691 806 
Other (a)
— — — — — 286 286 
Balance as of December 31, 2019$— $— $(18,712)$(10,133)$(2,414)$(11,191)$(42,450)
Net Book Value as of December 31, 2019$830,490 $19,921 $111,288 $21,867 $11,307 $— $994,873 
Indefinite-LivedDefinite-LivedTotal
Gross Carrying AmountFCC licensesTrademarksAffiliate and producer relationshipsBroadcast advertisingTower income contractsOther
Balance as of December 31, 2019$830,490 $19,921 $130,000 $32,000 $13,721 $11,191 $1,037,323 
Impairment charges(4,509)— — — — — (4,509)
Dispositions(391)(161)— — (129)(131)(812)
Balance as of December 31, 2020$825,590 $19,760 $130,000 $32,000 $13,592 $11,060 $1,032,002 
Accumulated Amortization
Balance as of December 31, 2019$— $— $(18,712)$(10,133)$(2,414)$(11,191)$(42,450)
Amortization Expense— — (11,818)(6,400)(1,520)— (19,738)
Dispositions— — — — 32 131 163 
Balance as of December 31, 2020$— $— $(30,530)$(16,533)$(3,902)$(11,060)$(62,025)
Net Book Value as of December 31, 2020$825,590 $19,760 $99,470 $15,467 $9,690 $— $969,977 

(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-LivedDefinite-LivedTotal
Gross Carrying Amount
FCC licenses		TrademarksAffiliate and producer relationshipsBroadcast advertisingTower income contractsOther
Balance as of December 31, 2018$935,652 $21,184 $130,000 $32,000 $14,983 $14,253 $1,148,072 
Acquisitions (See Note 2)24,111 — — — — — 24,111 
Dispositions(107,973)(1,065)— — (1,065)(710)(110,813)
Assets held for sale (See Note 4)(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$830,490 $19,921 $130,000 $32,000 $13,721 $11,191 $1,037,323 
Accumulated Amortization
Balance as of December 31, 2018$— $— $(6,894)$(3,733)$(971)$(7,287)$(18,885)
Amortization Expense— — (11,818)(6,400)(1,558)(4,881)(24,657)
Dispositions— — — — 115 691 806 
Other (a)
— — — — — 286 286 
Balance as of December 31, 2019$— $— $(18,712)$(10,133)$(2,414)$(11,191)$(42,450)
Net Book Value as of December 31, 2019$830,490 $19,921 $111,288 $21,867 $11,307 $— $994,873 
Indefinite-LivedDefinite-LivedTotal
Gross Carrying AmountFCC licensesTrademarksAffiliate and producer relationshipsBroadcast advertisingTower income contractsOther
Balance as of December 31, 2019$830,490 $19,921 $130,000 $32,000 $13,721 $11,191 $1,037,323 
Impairment charges(4,509)— — — — — (4,509)
Dispositions(391)(161)— — (129)(131)(812)
Balance as of December 31, 2020$825,590 $19,760 $130,000 $32,000 $13,592 $11,060 $1,032,002 
Accumulated Amortization
Balance as of December 31, 2019$— $— $(18,712)$(10,133)$(2,414)$(11,191)$(42,450)
Amortization Expense— — (11,818)(6,400)(1,520)— (19,738)
Dispositions— — — — 32 131 163 
Balance as of December 31, 2020$— $— $(30,530)$(16,533)$(3,902)$(11,060)$(62,025)
Net Book Value as of December 31, 2020$825,590 $19,760 $99,470 $15,467 $9,690 $— $969,977 

(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, 2020, future amortization expense related to the Company's definite-lived intangible assets was estimated as follows (dollars in thousands):
2021$19,728 
202219,728 
202315,995 
202413,328 
202513,328 
Thereafter42,520 
Total definite-lived intangibles, net$124,627 
Schedule of Valuation Assumptions For Impairment Assessments
Below are the key assumptions used in our annual impairment assessments:
December 31, 2020December 31, 2019
Discount rate7.3 %8.0 %
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%
20% – 30%
Below are the key assumptions used in the interim impairment assessment:
June 30, 2020
Discount rate8.0 %
Long-term revenue growth rate(0.75)%
Mature operating profit margin for average stations in the markets where the Company operates
20% – 30%