Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v3.19.2
Goodwill
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
NOTE 10. GOODWILL
We account for goodwill in accordance with FASB ASC Topic 350
Intangibles—Goodwill and Other
. We do not amortize goodwill, but rather test for impairment annually or more frequently if events or circumstances indicate that an asset may be impaired. We perform our annual impairment testing during the fourth quarter of each year, which coincides with our budget and planning process for the upcoming year. There were no indications of impairment during the period ended June 30, 2019.
The following table presents the changes in goodwill including business acquisitions and dispositions as discussed in Note 3 of our Condensed Consolidated Financial Statements.
 
Goodwill
   Twelve Months Ended
December 31, 2018		    
Six Months Ended
June 30, 2019
  
 
 
 
 
 
 
 
   
(Dollars in thousands)
  
Balance before cumulative loss on impairment, beginning of period
   $ 28,453    
$
28,818
  
Accumulated loss on impairment, beginning of period
     (2,029 )     
(2,029
) 
   
 
 
    
 
 
  
Balance after cumulative loss on impairment, beginning of period
     26,424      
26,789
  
   
 
 
    
 
 
  
Acquisitions of radio stations
     7      
—  
  
Acquisitions of digital media entities
     986      
—  
  
Dispositions of radio stations
     (628 )     
(3
) 
Dispositions of digital media entities
     —        
(341
) 
   
 
 
    
 
 
  
Balance before cumulative loss on impairment, end of period
     28,818      
28,474
  
   
 
 
    
 
 
  
Accumulated loss on impairment, end of period
     (2,029 )     
(2,029
) 
   
 
 
    
 
 
  
Balance after cumulative loss on impairment, end of period
   $ 26,789    
$
26,445