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Property, Plant and Equipment, Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of Property, Plant and Equipment
Property, Plant and Equipment
The Company’s property, plant and equipment consisted of the following classes of assets as of December 31, 2015 and 2014, respectively:
(In thousands)December 31,December 31,
20152014
Land, buildings and improvements$ 603,234 $ 731,925
Structures 2,824,794 2,999,582
Towers, transmitters and studio equipment 347,877 453,044
Furniture and other equipment 591,149 536,255
Construction in progress 69,042 95,671
4,436,096 4,816,477
Less: accumulated depreciation 2,223,540 2,117,413
Property, plant and equipment, net$ 2,212,556 $ 2,699,064
Schedule Of Other Intangible Assets
The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of December 31, 2015 and 2014, respectively:
(In thousands)December 31, 2015December 31, 2014
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Transit, street furniture and other outdoor contractual rights$ 635,772 $ (457,060)$ 716,723 $ (476,523)
Customer / advertiser relationships 1,222,518 (891,488) 1,222,518 (765,596)
Talent contracts 319,384 (252,526) 319,384 (223,936)
Representation contracts 239,142 (217,770) 238,313 (206,338)
Permanent easements 156,349 - 171,271 -
Other 394,983 (195,644) 388,160 (177,249)
Total$ 2,968,148 $ (2,014,488)$ 3,056,369 $ (1,849,642)
Schedule Of Future Amortization Expenses
As acquisitions and dispositions occur in the future, amortization expense may vary. 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)
2016$ 220,166
2017 197,444
2018 127,439
2019 44,030
2020 37,763
Schedule Of Changes In Carrying Amount Of Goodwill
The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments:
(In thousands)iHMAmericas Outdoor AdvertisingInternational Outdoor AdvertisingOtherConsolidated
Balance as of December 31, 2013$ 3,270,521 $ 585,227 $ 264,907 $ 81,532 $ 4,202,187
Acquisitions 17,900 - - 299 18,199
Foreign currency - (653) (32,369) - (33,022)
Other 60 - - - 60
Balance as of December 31, 2014$ 3,288,481 $ 584,574 $ 232,538 $ 81,831 $ 4,187,424
Acquisitions - - 10,998 - 10,998
Foreign currency - (709) (19,644) - (20,353)
Assets held for sale - (49,182) - - (49,182)
Balance as of December 31, 2015$ 3,288,481 $ 534,683 $ 223,892 $ 81,831 $ 4,128,887