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Property, Plant And Equipment, Intangible Assets And Goodwill | 6 Months Ended
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Jun. 30, 2012
Property, Plant And Equipment, Intangible Assets And Goodwill [Abstract] |
Property, Plant And Equipment, Intangible Assets And Goodwill | NOTE 2 – PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Property, Plant and Equipment The Company's property, plant and equipment consisted of the following classes of assets at June 30, 2012 and December 31, 2011, respectively
(In thousands) |  | June 30, |  |  | December 31,
|  | 2012 |  |  | 2011
Land, buildings and improvements | $ | 670,122 |  | $ | 657,346
Structures |  | 2,858,625 |  |  | 2,783,434
Towers, transmitters and studio equipment |  | 411,577 |  |  | 400,832
Furniture and other equipment |  | 387,204 |  |  | 365,137
Construction in progress |  | 75,128 |  |  | 68,658
|  | 4,402,656 |  |  | 4,275,407
Less: accumulated depreciation |  | 1,381,108 |  |  | 1,212,080
Property, plant and equipment, net | $ | 3,021,548 |  | $ | 3,063,327
Definite-lived Intangible Assets The Company has definite-lived intangible assets which consist primarily of transit and street furniture contracts, tale nt and representation contracts and customer a nd advertiser relationships, all of which are amortized over the respective lives of the agreements, or over the period of time the assets are expected to contribute directly or indirectly to the Company's future cash flows. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at cost. The following table presents the gross carrying amount and accumulated amortization for each major class of definite-lived intangible assets at June 30, 2012 and December 31, 2011, respectively:
(In thousands) |  | June 30, 2012 |  | December 31, 2011
|  |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Transit, street furniture and other outdoor contractual rights | $ | 779,418 | $ | (365,941) | $ | 773,238 | $ | (329,563)
Customer / advertiser relationships |  | 1,210,245 |  | (466,635) |  | 1,210,269 |  | (409,794)
Talent contracts |  | 349,046 |  | (161,833) |  | 347,489 |  | (139,154)
Representation contracts |  | 243,936 |  | (154,478) |  | 237,451 |  | (137,058)
Other |  | 561,619 |  | (112,472) |  | 560,978 |  | (96,096)
| Total | $ | 3,144,264 | $ | (1,261,359) | $ | 3,129,425 | $ | (1,111,665)
Total amortization expense related to definite-lived intangible assets was $76.2 million and $80.4 million for the three months ended June 30, 2012 and 2011, respectively, and $151.5 million and $159.5 million for the six months ended June 30, 2012 and 2011, respectively. The following table presents the Company's estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:
(In thousands) |  |
2013 | $ | 283,193
2014 |  | 263,354
2015 |  | 237,112
2016 |  | 222,565
2017 |  | 194,814
Indefinite-lived Intangible Assets The Company's indefinite-lived intangible assets consist of Federal Communications Commission (“FCC”) broadcast licenses in its Media and Entertainment (“CCME”) segment and billboard permits in its Americas outdoor advertising (“Americas outdoor”) segment. Due to significant differences in both business practices and regulations, billboards in the International outdoor segment are subject to long-term, finite contracts unlike the Company's permits in the United States and Canada. Accordingly, there are no indefinite-lived assets in the International outdoor segment. The Company's indefinite-lived intangible assets are as follows:
(In thousands) |  | June 30, |  |  | December 31,
|  | 2012 |  |  | 2011
FCC broadcast licenses | $ | 2,409,401 |  | $ | 2,411,367
Billboard permits |  | 1,106,265 |  |  | 1,105,704
Total indefinite-lived intangible assets | $ | 3,515,666 |  | $ | 3,517,071
Goodwill The following table presents the changes in the carrying amount of goodwill in each of the Company's reportable segments.
(In thousands) |  | CCME |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Consolidated
Balance as of December 31, 2010 | $ | 3,140,198 | $ | 571,932 | $ | 290,310 | $ | 116,886 | $ | 4,119,326
| Impairment |  | - |  | - |  | (1,146) |  | - |  | (1,146)
| Acquisitions |  | 82,844 |  | - |  | 2,995 |  | 212 |  | 86,051
| Dispositions |  | (10,542) |  | - |  | - |  | - |  | (10,542)
| Foreign currency |  | - |  | - |  | (6,898) |  | - |  | (6,898)
| Other |  | (73) |  | - |  | - |  | - |  | (73)
Balance as of December 31, 2011 | $ | 3,212,427 | $ | 571,932 | $ | 285,261 | $ | 117,098 | $ | 4,186,718
| Acquisitions |  | 188 |  | - |  | - |  | 51 |  | 239
| Dispositions |  | (445) |  | - |  | - |  | - |  | (445)
| Foreign currency |  | - |  | - |  | (3,325) |  | - |  | (3,325)
| Other |  | (31) |  | - |  | - |  | - |  | (31)
Balance as of June 30, 2012 | $ | 3,212,139 | $ | 571,932 | $ | 281,936 | $ | 117,149 | $ | 4,183,156

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