Broadcast Licenses, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Broadcast Licenses, Goodwill and Other Intangible Assets

Changes to broadcast licenses

We have recorded the changes to broadcast licenses for the years ended December 31, 2022 and 2021 as follows:

	Total
	(in thousands)
Balance at January 1, 2021	$	90,208
Acquisitions		69
Balance at December 31, 2021	$	90,277
Acquisitions		30
Balance at December 31, 2022	$	90,307

Key estimates and assumptions used in the impairment test

	Fourth		Fourth		Year
	Quarter		Quarter		Ended
	2022		2021		2020
Discount rates	9.5	%	12.3% - 12.6	%	12.6% - 13.0	%
Operating profit margin ranges	17.8% - 36.4	%	17.8% - 36.4	%	17.8% - 36.4	%
Market long-term revenue growth rates	1.0% - 2.0	%	0.2% - 2.6	%	0.2% - 2.9	%

Changes to Goodwill

We have recorded the changes to goodwill for each of the years ended December 31, 2022 and 2021 as follows:

	Total
	(in thousands)
Balance at January 1, 2021	$	19,106
Acquisitions		103
Balance at December 31, 2021	$	19,209
Acquisitions		27
Balance at December 31, 2022	$	19,236

Amortizable intangible assets

We have recorded amortizable intangible assets at December 31, 2022 as follows:

	Gross
	Carrying		Accumulated		Net
	Amount		Amortization		Amount
	(In thousands)
Non-competition agreements	$	3,861	$	3,861	$	—
Favorable lease agreements		5,965		5,624		341
Customer relationships		4,660		4,660		—
Other intangibles		1,829		1,799		30
Total amortizable intangible assets	$	16,315	$	15,944	$	371

We have recorded amortizable intangible assets at December 31, 2021 as follows:

	Gross
	Carrying		Accumulated		Net
	Amount		Amortization		Amount
	(In thousands)
Non-competition agreements	$	3,861	$	3,861	$	—
Favorable lease agreements		5,965		5,597		368
Customer relationships		4,660		4,660		—
Other intangibles		1,829		1,788		41
Total amortizable intangible assets	$	16,315	$	15,906	$	409