Broadcast Licenses, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022 as follows:

	Total
	(in thousands)
Balance at January 1, 2022	$	90,277
Acquisitions		30
Balance at December 31, 2022	$	90,307
Disposals		(67)
Balance at December 31, 2023	$	90,240

Key estimates and assumptions used in the impairment test

	Fourth		Fourth		Fourth
	Quarter		Quarter		Quarter
	2023		2022		2021
Discount rates	10.0	%	9.5	%	12.3% - 12.6	%
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	%	1.0% - 2.0	%	0.2% - 2.6	%

Changes to Goodwill

We have recorded the changes to goodwill for each of the years ended December 31, 2023 and 2022 as follows:

	Total
	(in thousands)
Balance at January 1, 2022	$	19,209
Acquisitions		27
Balance at December 31, 2022	$	19,236
Acquisitions		—
Balance at December 31, 2023	$	19,236

Amortizable intangible assets

We have recorded amortizable intangible assets at December 31, 2023 as follows:

	Gross
	Carrying		Accumulated		Net
	Amount		Amortization		Amount
	(In thousands)
Non-competition agreements	$	3,861	$	3,861	$	—
Favorable lease agreements		5,965		5,652		313
Customer relationships		4,660		4,660		—
Other intangibles		1,844		1,811		33
Total amortizable intangible assets	$	16,330	$	15,984	$	346

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