XML 64 R12.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Intangible Assets | Intangible Assets Our identifiable intangible assets primarily consist of acquired permits and leasehold agreements and franchise agreements which grant us the right to operate out-of-home structures in specified locations and the right to provide advertising space on railroad and municipal transit properties. Identifiable intangible assets are amortized on a straight-line basis over their estimated useful life, which is the respective life of the agreement that in some cases includes historical experience of renewals. Our identifiable intangible assets consist of the following:
(in millions) |  | Gross |  | Accumulated Amortization |  | Net
As of March 31, 2015: |  |  |  |  |  |
Permits and leasehold agreements |  | $ | 1,121.8 |  |  | $ | (685.3 | ) |  | $ | 436.5 |
Franchise agreements |  | 473.7 |  |  | (325.7 | ) |  | 148.0 |
Other intangible assets |  | 39.9 |  |  | (4.0 | ) |  | 35.9 |
Total intangible assets |  | $ | 1,635.4 |  |  | $ | (1,015.0 | ) |  | $ | 620.4 |
As of December 31, 2014: |  |  |  |  |  |
Permits and leasehold agreements |  | $ | 1,119.2 |  |  | $ | (677.2 | ) |  | $ | 442.0 |
Franchise agreements |  | 474.7 |  |  | (321.1 | ) |  | 153.6 |
Other intangible assets |  | 39.9 |  |  | (2.3 | ) |  | 37.6 |
Total intangible assets |  | $ | 1,633.8 |  |  | $ | (1,000.6 | ) |  | $ | 633.2 |
All of our identifiable intangible assets, except goodwill, are subject to amortization. Amortization expense was $27.8 million for the three months ended March 31, 2015, and $21.9 million for the three months ended March 31, 2014, which includes the amortization of direct lease acquisition costs of $7.5 million for the three months ended March 31, 2015, and $7.0 million for the three months ended March 31, 2014. Direct lease acquisition costs are amortized on a straight-line basis over the related customer lease term, which generally ranges from four weeks to one year.

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_IntangibleAssetsNetExcludingGoodwillAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration