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Property, Plant And Equipment, Intangible Assets And Goodwill | 9 Months Ended
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Sep. 30, 2013
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 September 30, 2013 and December 31, 2012, respectively.
(In thousands) | September 30, 2013 |  | December 31, 2012
Land, buildings and improvements | $ | 696,753 |  | $ | 685,431
Structures |  | 3,008,298 |  |  | 2,949,458
Towers, transmitters and studio equipment |  | 439,603 |  |  | 427,679
Furniture and other equipment |  | 456,260 |  |  | 431,757
Construction in progress |  | 112,640 |  |  | 105,394
|  | 4,713,554 |  |  | 4,599,719
Less: accumulated depreciation |  | 1,832,284 |  |  | 1,562,865
Property, plant and equipment, net | $ | 2,881,270 |  | $ | 3,036,854
Ind efinite-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 segment. Due to significant differences in both business practices and regulations, billboards in the International outdoor advertising 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 intangible assets in the International outdoor advertising segment. Other Intangible Assets Other intangible assets include definite-lived intangible assets and permanent easements. The Company's definite-lived intangible assets include primarily transit and street furniture contracts, talent and representation contracts, customer and advertiser relationships, and site-leases, 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. Permanent easements are indefinite-lived intangible assets which include certain rights to use real property not owned by the Company. 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 other intangible assets at September 30, 2013 and December 31, 2012, respectively:
(In thousands) | September 30, 2013 |  | December 31, 2012
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Transit, street furniture and other outdoor |  |  |  |  |  |  |  |  |  |  |
| contractual rights | $ | 775,701 |  | $ | (450,211) |  | $ | 785,303 |  | $ | (403,955)
Customer / advertiser relationships |  | 1,212,745 |  |  | (616,138) |  |  | 1,210,245 |  |  | (526,197)
Talent contracts |  | 342,816 |  |  | (203,873) |  |  | 344,255 |  |  | (177,527)
Representation contracts |  | 243,861 |  |  | (193,051) |  |  | 243,970 |  |  | (171,069)
Permanent easements |  | 173,757 |  |  | - |  |  | 173,374 |  |  | -
Other |  | 387,664 |  |  | (145,535) |  |  | 387,973 |  |  | (125,580)
| Total | $ | 3,136,544 |  | $ | (1,608,808) |  | $ | 3,145,120 |  | $ | (1,404,328)
Total amortization expense related to definite-lived intangible assets was $70.2 million and $7 4.3 million for the three months ended September 30, 2013 and 2012, respectively, and $213.2 million and $225.8 million for the nine months ended September 30, 2013 and 2012, 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) |  |
2014 | $ | 257,198
2015 |  | 238,328
2016 |  | 219,683
2017 |  | 193,684
2018 |  | 124,643
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, 2011 | $ | 3,212,427 |  | $ | 571,932 |  | $ | 285,261 |  | $ | 117,098 |  | $ | 4,186,718
| Acquisitions |  | 24,842 |  |  | - |  |  | - |  |  | 51 |  |  | 24,893
| Dispositions |  | (489) |  |  | - |  |  | (2,729) |  |  | - |  |  | (3,218)
| Foreign currency |  | - |  |  | - |  |  | 7,784 |  |  | - |  |  | 7,784
| Other |  | (92) |  |  | - |  |  | - |  |  | - |  |  | (92)
Balance as of December 31, 2012 | $ | 3,236,688 |  | $ | 571,932 |  | $ | 290,316 |  | $ | 117,149 |  | $ | 4,216,085
| Acquisitions |  | - |  |  | - |  |  | - |  |  | 97 |  |  | 97
| Foreign currency |  | - |  |  | - |  |  | (1,952) |  |  | - |  |  | (1,952)
| Other |  | (1,849) |  |  | - |  |  | - |  |  | - |  |  | (1,849)
Balance as of September 30, 2013 | $ | 3,234,839 |  | $ | 571,932 |  | $ | 288,364 |  | $ | 117,246 |  | $ | 4,212,381

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- Definition The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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