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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Fair values of the assets acquired and liabilities assumed | The following table summarizes the final fair values of the Raycom, Cordillera and Nexstar-Tribune assets acquired and liabilities assumed at the closing dates.
(in thousands) |  | Raycom |  | Cordillera |  | Nexstar- Tribune |  | Total
Accounts receivable |  | $ | — |  |  | $ | 26,770 |  |  | $ | — |  |  | $ | 26,770 |
Current portion of programming |  | — |  |  | — |  |  | 11,997 |  |  | 11,997 |
Other current assets |  | — |  |  | 986 |  |  | 3,541 |  |  | 4,527 |
Property and equipment |  | 11,721 |  |  | 53,734 |  |  | 61,569 |  |  | 127,024 |
Operating lease right-of-use assets |  | 296 |  |  | 4,667 |  |  | 82,447 |  |  | 87,410 |
Programming (less current portion) |  | — |  |  | — |  |  | 9,830 |  |  | 9,830 |
Goodwill |  | 18,349 |  |  | 251,681 |  |  | 168,196 |  |  | 438,226 |
Indefinite-lived intangible assets - FCC licenses |  | 6,800 |  |  | 26,700 |  |  | 176,000 |  |  | 209,500 |
Amortizable intangible assets: |  |  |  |  |  |  |  |
Television network affiliation relationships |  | 17,400 |  |  | 169,400 |  |  | 181,000 |  |  | 367,800 |
Advertiser relationships |  | 700 |  |  | 5,900 |  |  | 7,100 |  |  | 13,700 |
Other intangible assets |  | — |  |  | 13,000 |  |  | — |  |  | 13,000 |
Accounts payable |  | — |  |  | (15) |  |  | — |  |  | (15) |
Accrued expenses |  | — |  |  | (5,750) |  |  | (4,586) |  |  | (10,336) |
Current portion of programming liabilities |  | — |  |  | — |  |  | (16,211) |  |  | (16,211) |
Other current liabilities |  | — |  |  | (280) |  |  | (3,185) |  |  | (3,465) |
Programming liabilities |  | — |  |  | — |  |  | (15,607) |  |  | (15,607) |
Operating lease liabilities |  | (296) |  |  | (4,387) |  |  | (79,766) |  |  | (84,449) |
Net purchase price |  | $ | 54,970 |  |  | $ | 542,406 |  |  | $ | 582,325 |  |  | $ | 1,179,701 |
The following table summarizes the final fair values of the Triton assets acquired and liabilities assumed at the closing date.
(in thousands) |  |
Cash |  | $ | 10,515 |
Accounts receivable |  | 8,879 |
Other current assets |  | 679 |
Property and equipment |  | 705 |
Goodwill |  | 80,656 |
Other intangible assets |  | 75,000 |
Accounts payable |  | (1,895) |
Accrued expenses |  | (3,332) |
Other current liabilities |  | (18) |
Deferred tax liability |  | (10,976) |
Total purchase price |  | $ | 160,213 |
Pro forma results of operations |
|  | For the years ended December 31,
(in thousands, except per share data) (unaudited) |  | 2019
Operating revenues |  | $ | 1,572,493 |
Income (loss) from continuing operations attributable to the shareholders of The E.W. Scripps Company |  | (18,657) |
Income (loss) per share from continuing operations attributable to the shareholders of The E.W. Scripps Company |  |
Basic |  | $ | (0.23) |
Diluted |  | (0.23) |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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