XML 31 R17.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Note 10 - Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2015
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
1 0 . | Goodwill and Intangible Assets
During the years ended December 31, 2015 and 2014, we acquired various television broadcast stations and broadcast licenses. As a result of these acquisitions, our goodwill and intangible balances increased during each of these years. See Note 2 “Acquisitions and Dispositions” for more information regarding these transactions. A summary of changes in our goodwill and other intangible assets, on a net basis, for the years ended December 31, 2015 and 2014 is as follows (in thousands):
|  | Net Balance at December 31, 2014 |  |  | Additions |  |  | Dispositions |  |  | Impairment |  |  | Amortization |  |  | Net Balance at December 31, 2015 |
Goodwill |  | $ | 374,390 |  |  | $ | 48,916 |  |  | $ | (70 | ) |  | $ | - |  |  | $ | - |  |  | $ | 423,236 |
Broadcast licenses |  |  | 1,023,580 |  |  |  | 91,192 |  |  |  | (146 | ) |  |  | - |  |  |  | - |  |  |  | 1,114,626 |
Definite-lived intangible assets |  |  | 47,802 |  |  |  | 17,845 |  |  |  | (385 | ) |  |  | - |  |  |  | (11,982 | ) |  |  | 53,280 |
Total intangible assets net of accumulated amortization |  | $ | 1,445,772 |  |  | $ | 157,953 |  |  | $ | (601 | ) |  | $ | - |  |  | $ | (11,982 | ) |  | $ | 1,591,142 |
|  | Net Balance at December 31, 2013 |  |  | Additions |  |  | Dispositions |  |  | Impairment |  |  | Amortization |  |  | Net Balance at December 31, 2014 |
Goodwill |  | $ | 184,409 |  |  | $ | 189,981 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 374,390 |
Broadcast licenses |  |  | 838,982 |  |  |  | 184,598 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,023,580 |
Definite-lived intangible assets |  |  | 2,644 |  |  |  | 53,455 |  |  |  | - |  |  |  | - |  |  |  | (8,297 | ) |  |  | 47,802 |
Total intangible assets net of accumulated amortization |  | $ | 1,026,035 |  |  | $ | 428,034 |  |  | $ | - |  |  | $ | - |  |  | $ | (8,297 | ) |  | $ | 1,445,772 |
A summary of changes in our goodwill, on a gross basis, for the years ended December 31, 2015 and 2014 is as follows (in thousands):
|  | As of December 31, 2014 |  |  | Additions |  |  | Dispositions |  |  | Impairment |  |  | As of December 31, 2015 |
Goodwill, gross |  | $ | 472,986 |  |  | $ | 48,916 |  |  | $ | (70 | ) |  | $ | - |  |  | $ | 521,832 |
Accumulated goodwill impairment |  |  | (98,596 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (98,596 | )
Goodwill, net |  | $ | 374,390 |  |  | $ | 48,916 |  |  | $ | (70 | ) |  | $ | - |  |  | $ | 423,236 |
|  | As of December 31, 2013 |  |  | Additions |  |  | Dispositions |  |  | Impairment |  |  | As of December 31, 2014 |
Goodwill, gross |  | $ | 283,005 |  |  | $ | 189,981 |  |  | $ | - |  |  | $ | - |  |  | $ | 472,986 |
Accumulated goodwill impairment |  |  | (98,596 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (98,596 | )
Goodwill, net |  | $ | 184,409 |  |  | $ | 189,981 |  |  | $ | - |  |  | $ | - |  |  | $ | 374,390 |
As of December 31, 2015 and 2014, our intangible assets and related accumulated amortization consisted of the following (in thousands):
|  | As of December 31, 2015 |  |  | As of December 31, 2014 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Intangible assets not currently subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Broadcast licenses |  | $ | 1,168,325 |  |  | $ | (53,699 | ) |  | $ | 1,114,626 |  |  | $ | 1,077,279 |  |  | $ | (53,699 | ) |  | $ | 1,023,580 |
Goodwill |  |  | 423,236 |  |  |  | - |  |  |  | 423,236 |  |  |  | 374,390 |  |  |  | - |  |  |  | 374,390 |
|  | $ | 1,591,561 |  |  | $ | (53,699 | ) |  | $ | 1,537,862 |  |  | $ | 1,451,669 |  |  | $ | (53,699 | ) |  | $ | 1,397,970 |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Network affiliation agreements |  | $ | 1,264 |  |  | $ | (1,264 | ) |  | $ | - |  |  | $ | 1,264 |  |  | $ | (1,264 | ) |  | $ | - |
Other definite-lived intangible assets |  |  | 86,696 |  |  |  | (33,416 | ) |  |  | 53,280 |  |  |  | 69,281 |  |  |  | (21,479 | ) |  |  | 47,802 |
|  | $ | 87,960 |  |  | $ | (34,680 | ) |  | $ | 53,280 |  |  | $ | 70,545 |  |  | $ | (22,743 | ) |  | $ | 47,802 |
Total intangibles |  | $ | 1,679,521 |  |  | $ | (88,379 | ) |  | $ | 1,591,142 |  |  | $ | 1,522,214 |  |  | $ | (76,442 | ) |  | $ | 1,445,772 |
Amortization expense for the years ended December 31, 2015, 2014 and 2013 was $12.0 million, $8.3 million and $0.3 million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the succeeding five years will be as follows: 2016, $12.9 million; 2017, $12.3 million; 2018, $7.7 million; 2019, $5.8 million; and 2020, $3.4 million. If and when acquisitions and dispositions occur in the future, actual amounts may vary from these estimates. Impairment of goodwill and broadcast license As of December 31, 2015 and 2014, we tested our goodwill, broadcast licenses and other intangible asset recorded values for potential impairment and concluded that the balances were reasonably stated. As a result, we did not record an impairment expense for our goodwill, broadcast licenses or other intangible assets during 2015, 2014 or 2013. See Note 1 “Description of Business and Summary of Significant Accounting Policies” for further discussion of our accounting policies regarding goodwill, broadcast licenses and other intangible assets.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: 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 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 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration