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PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended
Sep. 30, 2024
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:
(In thousands)September 30,
2024
December 31,
2023
Land, buildings and improvements$328,606 $316,655 
Towers, transmitters and studio equipment205,035 195,609 
Computer equipment and software708,795 685,417 
Furniture and other equipment55,726 47,684 
Construction in progress27,849 16,473 
1,326,011 1,261,838 
Less: accumulated depreciation825,840 702,973 
Property, plant and equipment, net$500,171 $558,865 
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.
(In thousands)September 30, 2024December 31, 2023
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer / advertiser relationships$1,652,623 $(925,798)$1,652,623 $(800,377)
Talent and other contracts338,900 (235,320)338,900 (203,479)
Trademarks and tradenames335,912 (181,955)335,912 (156,468)
Other18,003 (13,565)18,003 (11,904)
Total$2,345,438 $(1,356,638)$2,345,438 $(1,172,228)
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)
2025$213,758 
2026201,512 
2027176,171 
2028160,395 
2029121,622 
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 December 31, 2023(1)
$1,340,459 $311,426 $69,598 $1,721,483 
Impairment(608,958)— (7,127)(616,085)
Foreign currency— (73)22 (51)
Balance as of September 30, 2024
$731,501 $311,353 $62,493 $1,105,347 
Cumulative Impairment$1,954,895 $439,383 $41,642 $2,435,920 
(1) Beginning goodwill balance is presented net of prior accumulated impairment losses of $1.3 billion related to our Multiplatform Group, $439.4 million related to our Digital Audio Group and $34.5 million related to our Audio & Media Services Group.