NOTE 7. BROADCAST LICENSES

 

The following table presents the changes in broadcasting licenses that include acquisitions of radio stations and FM translators as discussed in Note 4 of our Condensed Consolidated Financial Statements.

 

Broadcast Licenses		Twelve Months Ended December 31, 2017			Three Months Ended March 31, 2018
		(Dollars in thousands)
Balance, beginning of period before cumulative loss on impairment		$	494,058		$	486,455
Accumulated loss on impairment			(105,541)			(105,541)
Balance, beginning of period after cumulative loss on impairment			388,517			380,914
Acquisitions of radio stations			191			—
Acquisitions of FM translators and construction permits			198			—
Capital projects to improve broadcast signal and strength			5			—
Dispositions of radio stations			(7,997)			(221)
Balance, end of period before cumulative loss on impairment			486,455			486,234
Accumulated loss on impairment			(105,541)			(105,541)
Balance, end of period after cumulative loss on impairment		$	380,914		$	380,693