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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016 is as follows (in thousands):  

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2015

 

 

Acquisition

 

 

Impairment

 

 

2016

 

 

Acquisition

 

 

Impairment

 

 

2017

 

Television

 

$

35,912

 

 

 

 

 

 

 

 

$

35,912

 

 

 

4,637

 

 

 

 

 

$

40,549

 

Radio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Digital

 

 

14,169

 

 

 

 

 

 

 

 

 

14,169

 

 

 

15,839

 

 

 

 

 

 

30,008

 

Consolidated

 

$

50,081

 

 

$

 

 

$

 

 

$

50,081

 

 

$

20,476

 

 

$

 

 

$

70,557

 

 

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, 2017 and 2016 is as follows (in thousands):

 

 

 

 

 

 

 

2017

 

 

2016

 

 

 

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

 

 

9

 

 

$

67,489

 

 

$

55,560

 

 

$

11,929

 

 

$

65,089

 

 

$

53,492

 

 

$

11,597

 

Customer base

 

 

5

 

 

 

9,146

 

 

 

3,839

 

 

 

5,307

 

 

 

3,146

 

 

 

2,664

 

 

 

482

 

Pre-sold advertising contracts and other

 

 

6

 

 

 

37,755

 

 

 

28,233

 

 

 

9,522

 

 

 

26,655

 

 

 

25,614

 

 

 

1,041

 

Total assets subject to amortization:

 

 

 

 

 

$

114,390

 

 

$

87,632

 

 

$

26,758

 

 

$

94,890

 

 

$

81,770

 

 

$

13,120

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FCC licenses and spectrum usage rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

251,163

 

 

 

 

 

 

 

 

 

 

 

220,701

 

Total intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

$

277,921

 

 

 

 

 

 

 

 

 

 

$

233,821

 

 

Estimated Amortization Expense

Estimated amortization expense for each of the years ended December 31, 2018 through 2022 is as follows (in thousands):

Estimated Amortization Expense

 

 

Amount

 

2018

 

$

 

5,800

 

2019

 

 

 

5,300

 

2020

 

 

 

3,900

 

2021

 

 

 

3,300

 

2022

 

 

 

1,900