XML 27 R16.htm IDEA: XBRL DOCUMENT v3.4.0.3
Property, Plant and Equipment, Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2016
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 March 31, 2016 and December 31, 2015, respectively:
(In thousands)March 31,December 31,
20162015
Land, buildings and improvements$600,582$603,234
Structures2,799,6992,824,794
Towers, transmitters and studio equipment345,240347,877
Furniture and other equipment600,067591,149
Construction in progress66,11069,042
4,411,6984,436,096
Less: accumulated depreciation2,267,2582,223,540
Property, plant and equipment, net$2,144,440$2,212,556
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 March 31, 2016 and December 31, 2015, respectively:
(In thousands)March 31, 2016December 31, 2015
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Transit, street furniture and other outdoor contractual rights$631,943$(458,829)$635,772$(457,060)
Customer / advertiser relationships1,222,518(921,759)1,222,518(891,488)
Talent contracts319,384(259,674)319,384(252,526)
Representation contracts239,142(220,109)239,142(217,770)
Permanent easements157,314-156,349-
Other390,379(201,191)394,983(195,644)
Total$2,960,680$(2,061,562)$2,968,148$(2,014,488)
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)
2017$197,498
2018127,246
201943,476
202036,735
202133,333
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)iHMAmericas Outdoor AdvertisingInternational Outdoor AdvertisingOtherConsolidated
Balance as of December 31, 2014$3,288,481$584,574$232,538$81,831$4,187,424
Acquisitions--10,998-10,998
Foreign currency-(709)(19,644)-(20,353)
Assets held for sale-(49,182)--(49,182)
Balance as of December 31, 2015$3,288,481$534,683$223,892$81,831$4,128,887
Dispositions-(6,934)--(6,934)
Foreign currency-(1,210)9,834-8,624
Assets held for sale-(10,337)--(10,337)
Balance as of March 31, 2016$3,288,481$516,202$233,726$81,831$4,120,240