XML 32 R22.htm IDEA: XBRL DOCUMENT v3.23.3
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
The Company’s property, plant and equipment consisted of the following classes of assets as of September 30, 2023 and December 31, 2022, respectively:
(In thousands)September 30,
2023		December 31,
2022
Land, buildings and improvements$330,565 $340,692 
Towers, transmitters and studio equipment195,741 215,655 
Computer equipment and software653,171 617,794 
Furniture and other equipment48,977 41,924 
Construction in progress30,364 29,091 
1,258,818 1,245,156 
Less: accumulated depreciation677,970 550,314 
Property, plant and equipment, net$580,848 $694,842 
Schedule of Gross Carrying Amount and Accumulated Amortization for Other Intangible Assets
The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of September 30, 2023 and December 31, 2022, respectively:
(In thousands)September 30, 2023December 31, 2022
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer / advertiser relationships$1,652,455 $(758,798)$1,652,455 $(633,352)
Talent and other contracts338,900 (192,816)338,900 (160,500)
Trademarks and tradenames335,862 (147,972)335,862 (122,403)
Other18,443 (11,717)18,443 (9,735)
Total$2,345,660 $(1,111,303)$2,345,660 $(925,990)
Schedule of Future Amortization Expense 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)
2024$244,707 
2025213,514 
2026201,512 
2027176,171 
2028160,395 
Schedule of Changes in Carrying Amount of Goodwill
The following table presents the changes in the carrying amount of goodwill:
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupConsolidated
Balance as of January 1, 2023(1)
$1,462,022 $747,350 $104,031 2,313,403 
Impairment$(121,563)$(439,383)$(34,515)(595,461)
Acquisitions— 3,375 — 3,375 
Foreign currency— (62)(32)(94)
Balance as of September 30, 2023
$1,340,459 $311,280 $69,484 $1,721,223 
(1) Beginning goodwill balance is presented net of prior accumulated impairment losses of $1.2 billion related to the Multiplatform Group segment. Refer to the table above for impairments recorded in 2023.