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Note 9 - Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
9
.
    
Goodwill and Intangible Assets
 
As of
June 30, 2018
and
December 31, 2017,
our intangible assets and related accumulated amortization consisted of the following (in thousands):
 
   
As of June 30, 2018
   
As of December 31, 2017
 
   
 
 
 
 
Accumulated
   
 
 
 
 
 
 
 
 
Accumulated
   
 
 
 
   
Gross
   
Amortization
   
Net
   
Gross
   
Amortization
   
Net
 
Intangible assets not currently subject to amortization:
                                               
Broadcast licenses
  $
1,584,402
    $
(53,699
)   $
1,530,703
    $
1,584,402
    $
(53,699
)   $
1,530,703
 
Goodwill
   
611,100
     
-
     
611,100
     
611,100
     
-
     
611,100
 
    $
2,195,502
    $
(53,699
)   $
2,141,803
    $
2,195,502
    $
(53,699
)   $
2,141,803
 
                                                 
Intangible assets subject to amortization:
                                               
Network affiliation agreements
  $
6,134
    $
(4,842
)   $
1,292
     
6,134
    $
(3,551
)   $
2,583
 
Other definite lived intangible assets
   
143,446
     
(81,542
)    
61,904
     
143,446
     
(72,245
)    
71,201
 
    $
149,580
    $
(86,384
)   $
63,196
    $
149,580
    $
(75,796
)   $
73,784
 
                                                 
Total intangibles
  $
2,345,082
    $
(140,083
)   $
2,204,999
    $
2,345,082
    $
(129,495
)   $
2,215,587
 
 
Amortization expense for the
six
-months ended
June 30, 2018
and
2017
was
$10.6
million and
$12.2
million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the remainder of
2018
will be approximately
$10.0
million, and, for the succeeding
five
years, amortization expense will be approximately as follows:
2019,
$15.4
million;
2020,
$12.4
million;
2021,
$8.3
million;
2022,
$4.8
million; and
2023,
$2.9
million. If and when acquisitions and dispositions occur in the future, actual amounts
may
vary materially from these estimates.
 
Impairment of goodwill and broadcast licenses
 
Our intangible assets are primarily comprised of broadcast licenses. There were
no
triggering events that required a test of our goodwill or intangible assets for impairment during the
six
-month period ended
June 30, 2018.