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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill

The carrying amount of goodwill for each of the Company’s operating segments for the years ended December 31, 2016 and 2015 is as follows (in thousands):  

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2014

 

 

Acquisition

 

 

Impairment

 

 

2015

 

 

Acquisition

 

 

Impairment

 

 

2016

 

Television

 

$

35,912

 

 

 

-

 

 

 

-

 

 

$

35,912

 

 

 

-

 

 

 

-

 

 

$

35,912

 

Radio

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Digital

 

 

14,169

 

 

 

-

 

 

 

-

 

 

 

14,169

 

 

 

-

 

 

 

-

 

 

 

14,169

 

Consolidated

 

$

50,081

 

 

$

-

 

 

$

-

 

 

$

50,081

 

 

$

-

 

 

$

-

 

 

$

50,081

 

 

Composition of Company's Acquired Intangible Assets and Associated Accumulated Amortization

The composition of the Company’s acquired intangible assets and the associated accumulated amortization as of December 31, 2016 and 2015 is as follows (in thousands):

 

 

 

 

 

 

 

2016

 

 

2015

 

 

 

Weighted average remaining life in years

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television network affiliation agreements

 

 

5

 

 

$

65,089

 

 

$

53,492

 

 

$

11,597

 

 

$

65,089

 

 

$

51,172

 

 

$

13,917

 

Customer base

 

 

1

 

 

 

3,146

 

 

 

2,664

 

 

 

482

 

 

 

3,146

 

 

 

1,789

 

 

 

1,357

 

Other

 

 

14

 

 

 

26,655

 

 

 

25,614

 

 

 

1,041

 

 

 

26,655

 

 

 

25,273

 

 

 

1,382

 

Total assets subject to amortization:

 

 

 

 

 

$

94,890

 

 

$

81,770

 

 

$

13,120

 

 

$

94,890

 

 

$

78,234

 

 

$

16,656

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FCC licenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

220,701

 

 

 

 

 

 

 

 

 

 

 

220,701

 

Total intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

$

233,821

 

 

 

 

 

 

 

 

 

 

$

237,357

 

 

Estimated Amortization Expense

Estimated amortization expense for each of the years ended December 31, 2017 through 2021 is as follows (in thousands):

Estimated Amortization Expense

  

Amount

 

2017

  

$

3,100

  

2018

  

 

2,500

  

2019

  

 

2,400

  

2020

  

 

2,300

  

2021

  

 

2,300