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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018 is as follows (in thousands):  

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2017

 

 

Acquisition

 

 

Impairment

 

 

2018

 

 

Acquisition

 

 

Currency

 

 

Impairment

 

 

2019

 

Television

 

$

40,549

 

 

 

 

 

 

 

 

$

40,549

 

 

 

 

 

 

 

 

 

 

 

$

40,549

 

Radio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Digital

 

 

30,180

 

 

 

3,563

 

 

 

 

 

 

33,743

 

 

 

 

 

 

(67

)

 

 

(27,714

)

 

 

5,962

 

Consolidated

 

$

70,729

 

 

$

3,563

 

 

$

 

 

$

74,292

 

 

$

 

 

$

(67

)

 

$

(27,714

)

 

$

46,511

 

 

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, 2019 and 2018 is as follows (in thousands):

 

 

 

 

 

 

 

2019

 

 

2018

 

 

 

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

 

 

7

 

 

$

67,489

 

 

$

58,338

 

 

$

9,151

 

 

$

67,489

 

 

$

56,950

 

 

$

10,539

 

Customer base

 

 

4

 

 

 

10,045

 

 

 

6,414

 

 

 

3,631

 

 

 

10,045

 

 

 

5,044

 

 

 

5,001

 

Pre-sold advertising contracts and other

 

 

5

 

 

 

39,057

 

 

 

35,067

 

 

 

3,990

 

 

 

38,857

 

 

 

31,799

 

 

 

7,058

 

Total assets subject to amortization:

 

 

 

 

 

$

116,591

 

 

$

99,819

 

 

$

16,772

 

 

$

116,391

 

 

$

93,793

 

 

$

22,598

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FCC licenses and spectrum usage rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

252,544

 

 

 

 

 

 

 

 

 

 

 

254,598

 

Total intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

$

269,316

 

 

 

 

 

 

 

 

 

 

$

277,196

 

Estimated Amortization Expense Estimated amortization expense for the next five years and thereafter is as follows (in thousands):

Estimated Amortization Expense

 

Amount

 

2020

 

$

4,351

 

2021

 

 

3,519

 

2022

 

 

2,378

 

2023

 

 

1,506

 

2024

 

 

1,333

 

Thereafter

 

 

3,685

 

Total

 

$

16,772