Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v3.21.1
Goodwill
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
NOTE 9. 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 three months ended March 31, 2021.
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, 2020		     
Three Months Ended
March 31, 2021
  
    
(Dollars in thousands)
  
Balance, beginning of period before cumulative loss on impairment,
    $ 28,454     
$
28,520
  
Accumulated loss on impairment
      (4,456 )      
(4,763
)
 
    
 
 
     
 
 
  
Balance, beginning of period after cumulative loss on impairment
      23,998       
23,757
  
    
 
 
     
 
 
  
Acquisitions of radio stations
      66     
 
—  
 
Impairments based on the estimated fair value goodwill
      (307 )    
 
—  
 
    
 
 
     
 
 
  
Ending period balance
    $ 23,757     
$
23,757
  
    
 
 
     
 
 
  
Balance, end of period before cumulative loss on impairment
      28,520       
28,520
  
Accumulated loss on impairment
      (4,763 )      
(4,763
)
 
    
 
 
     
 
 
  
Ending period balance
    $ 23,757     
$
23,757