Facility consolidation and asset impairment charges

For each year presented, we recognized charges related to facility consolidations efforts, and in certain of these periods, we also recorded non-cash impairment charges to reduce the book value of goodwill, other intangible assets, long-lived assets, certain investments in which we hold a non-controlling interest which are accounted for under the equity method, and charges to write off certain publishing and broadcasting assets that were donated during 2014 and 2013.

A summary of these charges by year is presented below:



In thousands, except per share amounts
2014	Pre-Tax Amount		After-Tax Amount		Per Share Amount
Facility consolidation and asset impairment charges:
Goodwill:
Publishing	$	21,881	$	18,881	$	0.08
Digital	23,700		23,700		0.10
Total goodwill	45,581		42,581		0.18
Other intangible assets - Publishing	3,548		2,148		0.01
Property, plant and equipment - Publishing	19,467		13,467		0.06
Other:
Broadcasting	13,720		8,219		0.04
Publishing	14,048		8,049		0.03
Total other	27,768		16,268		0.07
Total facility consolidation and asset impairment charges against operations	96,364		74,464		0.32
Non-operating charges:
Equity method investments	3,063		2,163		0.01
Other - Broadcasting	16,108		6,508		0.03
Total charges	$	115,535	$	83,135	$	0.36



In thousands, except per share amounts
2013	Pre-Tax Amount ^(a)		After-Tax Amount^(a)		Per Share Amount^(a)
Facility consolidation and asset impairment charges:
Goodwill:
Publishing	$	8,430	$	4,930	$	0.02
Digital	11,614		6,914		0.03
Total goodwill	20,044		11,844		0.05
Other intangible assets - Publishing	12,952		7,852		0.03
Property, plant and equipment - Publishing	14,756		8,856		0.04
Other:
Broadcasting	1,033		533		—
Publishing	9,454		5,754		0.02
Total other	10,487		6,287		0.03
Total facility consolidation and asset impairment charges against operations	58,240		34,840		0.15
Non-operating charges:
Equity method investments	731		431		—
Other - Publishing	2,774		1,774		0.01
Total charges	$	61,745	$	37,045	$	0.16

(a) Total amounts may not sum due to rounding.



In thousands, except per share amounts
2012	Pre-Tax Amount		After-Tax Amount		Per Share Amount^(a)
Facility consolidation and asset impairment charges:
Goodwill - Digital	$	90,053	$	86,553	$	0.37
Property, plant and equipment - Publishing	29,520		17,920		0.08
Other - Publishing	2,556		1,656		0.01
Total facility consolidation and asset impairment charges against operations	122,129		106,129		0.45
Non-operating charges:
Equity method investments	7,036		4,336		0.02
Total charges	$	129,165	$	110,465	$	0.47

(a) Total amounts may not sum due to rounding.

In connection with the required annual impairment test of goodwill and indefinite-lived intangibles, potential impairments were indicated in certain of the years presented for certain reporting units in our Publishing and Digital Segments. The fair value of the reporting units was determined based on a multiple of earnings technique and/or a discounted cash flow technique. We then undertook the next step in the impairment testing process by determining the fair value of assets and liabilities within these reporting units. The implied value was less than the carrying value; and therefore impairment charges were taken.

During 2014 and 2013, we recorded non-cash impairment charges for certain intangible assets, principally trade names and a masthead, after the qualitative assessments indicated it was more likely than not that the carrying values exceeded the respective fair values. Accordingly, we prepared quantitative assessments in both years which also indicated that impairments existed. As a results of these assessments, we recorded non-cash impairment charges to reduce the carrying value of each asset to its respective fair value. Fair values were determined using a relief-from-royalty method. The impairments recorded were principally a result of revenue projections which were lower than expected. In 2014, the revised revenue projections were also coupled with a decrease in royalty rates of comparable arrangements thus negatively impacting our royalty assumptions.

Facility consolidation plans led us to recognize charges associated with revising the useful lives of certain assets over a shortened period as well as shutdown costs. Charges were recognized in each year presented. Certain assets classified as held-for-sale in accordance with ASC Topic 360 resulted in charges also being recognized as the carrying values were reduced to equal the fair value less cost to dispose. These fair values were based on estimates of prices for similar assets.

In each year presented, carrying values of certain investments in which we own noncontrolling interests were written down to fair value because the businesses underlying the investments had experienced significant and sustained operating losses, leading us to conclude that they were other than temporarily impaired.

We recorded non-operating charges to write off certain Publishing and Broadcasting Segment assets that were donated during 2014 and 2013.