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Assets Held for Sale and Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Summary of discontinued operations and assets held for sale
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

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