XML 56 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and other intangible assets (Tables)
9 Months Ended
Sep. 28, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Line Items]
The following table displays goodwill, indefinite-lived intangible assets, and amortizable intangible assets at September 28, 2014 and December 29, 2013:
In thousands
Sept. 28, 2014
 
Dec. 29, 2013
 
Gross
 
Accumulated Amortization
 
Gross
 
Accumulated Amortization
 
 
 
 
 
 
 
 
Goodwill
$
3,836,940

 
$

 
$
3,790,472

 
$

Indefinite-lived intangibles:
 
 
 
 
 
 
 
Television station FCC licenses
1,195,093

 

 
1,091,204

 

Mastheads and trade names
82,427

 

 
82,570

 

Amortizable intangible assets:
 
 
 
 
 
 
 
Customer relationships
300,443

 
200,128

 
290,845

 
177,515

Other
242,208

 
46,998

 
213,790

 
23,663

Changes in the Company's net goodwill
The following table summarizes the changes in our net goodwill balance through September 28, 2014:
In thousands
Broadcasting
 
Publishing
 
Digital
 
Total
 
 
 
 
 
 
 
 
Balance at Dec. 29, 2013:
 
 
 
 
 
 
 
Goodwill
$
2,543,333

 
$
7,807,416

 
$
755,528

 
$
11,106,277

Accumulated impairment losses

 
(7,187,535
)
 
(128,270
)
 
(7,315,805
)
Net balance at Dec. 29, 2013
2,543,333

 
619,881

 
627,258

 
3,790,472

Activity during the period:
 
 
 
 
 
 
 
Acquisitions and adjustments
35,769

 
4,578

 
33,396

 
73,743

Impairment

 
(15,310
)
 

 
(15,310
)
Foreign currency exchange rate changes

 
(2,871
)
 
(9,094
)
 
(11,965
)
Total
35,769

 
(13,603
)
 
24,302

 
46,468

Balance at Sept. 28, 2014:
 
 
 
 
 
 
 
Goodwill
2,579,102

 
7,775,083

 
779,830

 
11,134,015

Accumulated impairment losses

 
(7,168,805
)
 
(128,270
)
 
(7,297,075
)
Net balance at Sept. 28, 2014
$
2,579,102

 
$
606,278

 
$
651,560

 
$
3,836,940

On December 23, 2013, we acquired Belo and on July 8, 2014 we acquired six London Broadcasting Company television stations. The initial purchase price allocations are preliminary based upon all information available to us at the present time and are subject to change. We continue to review underlying assumptions and valuation techniques utilized to calculate the fair value of primarily the indefinite-lived and amortizable intangible assets, property, plant and equipment, investments and deferred income taxes. Certain immaterial adjustments for the Belo acquisition have been made since the initial allocation in the fourth quarter of 2013.