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Assets Held for Sale and Discontinued Operations | 3 Months Ended
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Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Assets Held for Sale and Discontinued Operations | Assets Held for Sale and Discontinued Operations Radio Divestiture In the fourth quarter of 2017, we began the process to divest our radio business. We have classified the radio segment as held for sale in our Condensed Consolidated Balance Sheets and reported its results as discontinued operations in our Condensed Consolidated Statements of Operations. Operating results of our discontinued radio operations were as follows:
|  | Three Months Ended March 31,
(in thousands) |  | 2018 |  | 2017
Operating revenues |  | $ | 13,299 |  |  | $ | 14,429 |
Total costs and expenses |  | (11,516 | ) |  | (12,190 | )
Depreciation and amortization of intangibles |  | — |  |  | (863 | )
Impairment of goodwill |  | (20,000 | ) |  | — |
Other, net |  | (148 | ) |  | (40 | )
Income (loss) from discontinued operations before income taxes |  | (18,365 | ) |  | 1,336 |
Provision (benefit) for income taxes |  | 139 |  |  | 542 |
Net income (loss) from discontinued operations |  | $ | (18,504 | ) |  | $ | 794 |
During the first quarter of 2018, we recorded a $20 million non-cash impairment charge to write-down the goodwill of our radio business to fair value. The following table presents a summary of the radio assets held for sale included in our Condensed Consolidated Balance Sheets.
(in thousands) |  | As of March 31, 2018 |  | As of December 31, 2017
Assets: |  |  |  |
Total current assets |  | $ | 10,437 |  |  | $ | 12,891 |
Property and equipment |  | 35,699 |  |  | 35,470 |
Goodwill and intangible assets |  | 67,462 |  |  | 87,462 |
Other assets |  | 181 |  |  | 181 |
Total assets included in the disposal group |  | 113,779 |  |  | 136,004 |
Liabilities: |  |  |  |
Total current liabilities |  | 2,525 |  |  | 3,248 |
Deferred income taxes |  | 16,592 |  |  | 16,288 |
Other liabilities |  | — |  |  | — |
Total liabilities included in the disposal group |  | 19,117 |  |  | 19,536 |
Net assets included in the disposal group |  | $ | 94,662 |  |  | $ | 116,468 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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