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Property, Plant and Equipment, Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2015
Schedule of Property, Plant and Equipment
Property, Plant and Equipment
The Company’s property, plant and equipment consisted of the following classes of assets as of June 30, 2015 and December 31, 2014, respectively:
(In thousands)June 30,December 31,
20152014
Land, buildings and improvements$ 626,050 $ 731,925
Structures 3,005,159 2,999,582
Towers, transmitters and studio equipment 341,815 453,044
Furniture and other equipment 563,168 536,255
Construction in progress 70,953 95,671
4,607,145 4,816,477
Less: accumulated depreciation 2,202,219 2,117,413
Other property, plant and equipment, net$ 2,404,926 $ 2,699,064
Schedule Of Other Intangible Assets
The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of June 30, 2015 and December 31, 2014, respectively:
(In thousands)June 30, 2015December 31, 2014
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Transit, street furniture and other outdoor contractual rights$ 675,466 $ (465,228)$ 716,723 $ (476,523)
Customer / advertiser relationships 1,222,518 (831,137) 1,222,518 (765,596)
Talent contracts 319,384 (238,231) 319,384 (223,936)
Representation contracts 241,158 (215,977) 238,313 (206,338)
Permanent easements 171,641 - 171,271 -
Other 388,122 (183,737) 388,160 (177,249)
Total$ 3,018,289 $ (1,934,310)$ 3,056,369 $ (1,849,642)
Schedule Of Future Amortization Expenses
As acquisitions and dispositions occur in the future, amortization expense may vary. 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)
2016$ 220,130
2017 197,105
2018 130,993
2019 43,102
2020 36,115
Schedule Of Changes In Carrying Amount Of Goodwill
Goodwill
The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments:
(In thousands)iHMAmericas Outdoor AdvertisingInternational Outdoor AdvertisingOtherConsolidated
Balance as of December 31, 2013$ 3,234,807 $ 585,227 $ 264,907 $ 117,246 $ 4,202,187
Acquisitions 17,900 - - 299 18,199
Foreign currency - (653) (32,369) - (33,022)
Other 60 - - - 60
Balance as of December 31, 2014$ 3,252,767 $ 584,574 $ 232,538 $ 117,545 $ 4,187,424
Acquisitions - - - - -
Foreign currency - (312) (9,340) - (9,652)
Other - - - - -
Balance as of June 30, 2015$ 3,252,767 $ 584,262 $ 223,198 $ 117,545 $ 4,177,772