Assets Held for Sale and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Operating Results of Discontinued Operations and Net Assets Distributed

The following table presents a summary of the radio assets held for sale included in our Consolidated Balance Sheet as of December 31, 2017:

(in thousands)
Assets:
Total current assets	$	12,891
Property and equipment	35,470
Goodwill and intangible assets	87,462
Other assets	181
Total assets included in the disposal group	136,004
Liabilities:
Total current liabilities	3,248
Deferred income taxes	16,288
Other liabilities	—
Total liabilities included in the disposal group	19,536
Net assets included in the disposal group	$	116,468

Operating results of our radio operations included in discontinued operations were as follows:

	For the years ended December 31,
(in thousands)	2018			2017			2016
Operating revenues	$	49,243		$	68,630		$	73,069
Total costs and expenses	(42,694		)	(57,061		)	(56,852		)
Depreciation and amortization of intangible assets	—			(2,910		)	(3,377		)
Impairment of goodwill and intangible assets	(25,900		)	(8,000		)	—
Other, net	(179		)	(258		)	(63		)
Income (loss) from operations of discontinued operations	(19,530		)	401			12,777
Pretax loss on disposal of discontinued operations	(18,558		)	—			—
Income (loss) from discontinued operations before income taxes	(38,088		)	401			12,777
Income tax benefit (provision)	1,760			(2,996		)	(5,464		)
Income (loss) from discontinued operations, net of tax	$	(36,328	)	$	(2,595	)	7,313