Broadcast Licenses, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Broadcast License, Goodwill and Other Intangible Assets

Changes to broadcast licenses

We have recorded the changes to broadcast licenses for the years ended December 31, 2020 and 2019 as follows:

	Total
	(in thousands)
Balance at January 1, 2019	$	95,250
Acquisitions		61
Balance at December 31, 2019	$	95,311
Acquisitions		46
Impairment charge		(5,149)
Balance at December 31, 2020	$	90,208

Key estimates and assumptions used in the impairment test

	Year		Fourth		Fourth
	Ended		Quarter		Quarter
	2020		2019		2018
Discount rates	12.6% - 13.0	%	12.2% - 12.2	%	12.0% - 12.0	%
Operating profit margin ranges	17.8% - 36.4	%	19.0% - 36.4	%	19.0% - 36.4	%
Market long-term revenue growth rates	0.2% - 2.9	%	0.0% - 2.9	%	0.5% - 2.9	%

Changes to Goodwill

We have recorded the changes to goodwill for each of the years ended December 31, 2020 and 2019 as follows:

	Total
	(in thousands)
Balance at January 1, 2019	$	18,839
Acquisitions		124
Balance at December 31, 2019	$	18,963
Acquisitions		143
Balance at December 31, 2020	$	19,106

Amortizable intangible assets

We have recorded amortizable intangible assets at December 31, 2020 as follows:

	Gross
	Carrying		Accumulated		Net
	Amount		Amortization		Amount
	(In thousands)
Non-competition agreements	$	3,861	$	3,861	$	—
Favorable lease agreements		5,965		5,570		395
Customer relationships		4,660		4,322		338
Other intangibles		1,834		1,771		63
Total amortizable intangible assets	$	16,320	$	15,524	$	796

We have recorded amortizable intangible assets at December 31, 2019 as follows:

	Gross
	Carrying		Accumulated		Net
	Amount		Amortization		Amount
	(In thousands)
Non-competition agreements	$	3,861	$	3,861	$	—
Favorable lease agreements		5,965		5,539		426
Customer relationships		4,660		3,584		1,076
Other intangibles		1,834		1,727		107
Total amortizable intangible assets	$	16,320	$	14,711	$	1,609