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PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Schedule Of Property, Plant And Equipment

The Company’s property, plant and equipment consisted of the following classes of assets at March 31, 2014 and December 31, 2013, respectively.

 

(In thousands)    March 31, 2014      December 31, 2013  

Structures

   $ 3,028,086      $ 3,021,152  

Less: accumulated depreciation

     1,298,271        1,255,642  
  

 

 

    

 

 

 

Structures, net

   $ 1,729,815      $ 1,765,510  
  

 

 

    

 

 

 

Land, buildings and improvements

   $ 748,722      $ 723,268  

Towers, transmitters and studio equipment

     442,105        440,612  

Furniture and other equipment

     496,039        473,995  

Construction in progress

     101,836        123,814  
  

 

 

    

 

 

 
     1,788,702        1,761,689  

Less: accumulated depreciation

     663,131        629,569  
  

 

 

    

 

 

 

Other property, plant and equipment, net

   $ 1,125,571      $ 1,132,120  
  

 

 

    

 

 

 

The Company’s property, plant and equipment consisted of the following classes of assets at December 31, 2013 and 2012, respectively.

 

     December 31,      December 31,  
(In thousands)    2013      2012  

Land, buildings and improvements

   $ 723,268       $ 685,431   

Structures

     3,021,152         2,949,458   

Towers, transmitters and studio equipment

     440,612         427,679   

Furniture and other equipment

     473,995         431,757   

Construction in progress

     123,814         105,394   
  

 

 

    

 

 

 
     4,782,841         4,599,719   

Less: accumulated depreciation

     1,885,211         1,562,865   
  

 

 

    

 

 

 

Property, plant and equipment, net

   $ 2,897,630       $ 3,036,854   
  

 

 

    

 

 

 
Schedule Of Other Intangible Assets

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets at March 31, 2014 and December 31, 2013, respectively:

 

(In thousands)    March 31, 2014     December 31, 2013  
     Gross Carrying
Amount
     Accumulated
Amortization
    Gross Carrying
Amount
     Accumulated
Amortization
 

Transit, street furniture and other outdoor contractual rights

   $ 778,815      $ (482,518   $ 777,521      $ (464,548

Customer / advertiser relationships

     1,212,745        (675,838     1,212,745        (645,988

Talent contracts

     319,384        (202,393     319,617        (195,403

Representation contracts

     253,090        (206,282     252,961        (200,058

Permanent easements

     173,882        —         173,753        —    

Other

     387,425        (157,987     387,405        (151,459
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 3,125,341      $ (1,725,018   $ 3,124,002      $ (1,657,456
  

 

 

    

 

 

   

 

 

    

 

 

 

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets at December 31, 2013 and 2012, respectively:

 

(In thousands)    December 31, 2013     December 31, 2012  
     Gross Carrying
Amount
     Accumulated
Amortization
    Gross Carrying
Amount
     Accumulated
Amortization
 

Transit, street furniture and other outdoor contractual rights

   $ 777,521       $ (464,548   $ 785,303       $ (403,955

Customer / advertiser relationships

     1,212,745         (645,988     1,210,245         (526,197

Talent contracts

     319,617         (195,403     344,255         (177,527

Representation contracts

     252,961         (200,058     243,970         (171,069

Permanent easements

     173,753         —          173,374         —     

Other

     387,405         (151,459     387,973         (125,580
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 3,124,002       $ (1,657,456   $ 3,145,120       $ (1,404,328
  

 

 

    

 

 

   

 

 

    

 

 

 
Schedule Of Future Amortization Expenses

The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:

 

(In thousands)       

2015

   $ 239,645  

2016

     225,219  

2017

     200,878  

2018

     131,246  

2019

     44,106  

The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:

 

(In thousands)       

2014

   $ 261,125   

2015

     241,637   

2016

     223,146   

2017

     196,839   

2018

     127,275   
Schedule Of Changes In Carrying Amount Of Goodwill

The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments.

 

(In thousands)    CCME     Americas Outdoor
Advertising
     International
Outdoor
Advertising
    Other      Consolidated  

Balance as of December 31, 2012

   $ 3,236,688     $ 571,932      $ 290,316     $ 117,149      $ 4,216,085  

Impairment

     —         —          (10,684     —          (10,684

Acquisitions

     —         —          —         97        97  

Dispositions

     —         —          (456     —          (456

Foreign currency

     —         —          (974     —          (974

Other

     (1,881     —          —         —          (1,881
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2013

   $ 3,234,807     $ 571,932      $ 278,202     $ 117,246      $ 4,202,187  

Acquisitions

     —         —          —         299        299  

Foreign currency

     —         —          2,346       —          2,346  

Other

     65       —          —         —          65  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Balance as of March 31, 2014

   $ 3,234,872     $ 571,932      $ 280,548     $ 117,545      $ 4,204,897  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments. The provisions of ASC 350-20-50-1 require the disclosure of cumulative impairment. As a result of the merger, a new basis in goodwill was recorded in accordance with ASC 805-10. All impairments shown in the table below have been recorded subsequent to the merger and, therefore, do not include any pre-merger impairment.

 

(In thousands)    CCME     Americas Outdoor
Advertising
     International
Outdoor
Advertising
    Other      Consolidated  

Balance as of December 31, 2011

   $ 3,212,427      $ 571,932       $ 285,261      $ 117,098       $ 4,186,718   

Acquisitions

     24,842        —           —          51         24,893   

Dispositions

     (489     —           (2,729     —           (3,218

Foreign currency

     —          —           7,784        —           7,784   

Other

     (92     —           —          —           (92
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2012

   $ 3,236,688      $ 571,932       $ 290,316      $ 117,149       $ 4,216,085   

Impairment

     —          —           (10,684     —           (10,684

Acquisitions

     —          —           —          97         97   

Dispositions

     —          —           (456     —           (456

Foreign currency

     —          —           (974     —           (974

Other

     (1,881     —           —          —           (1,881
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2013

   $ 3,234,807      $ 571,932       $ 278,202      $ 117,246       $ 4,202,187