Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  


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 March 31, 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.



   Twelve Months Ended
December 31, 2018
     Three Months Ended
March 31, 2019
     (Dollars in thousands)  

Balance, beginning of period before cumulative loss on impairment

   $ 28,453      $ 28,818  

Accumulated loss on impairment

     (2,029      (2,029







Balance, beginning of period after cumulative loss on impairment

     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, end of period before cumulative loss on impairment

     28,818        28,474  







Accumulated loss on impairment

     (2,029      (2,029







Ending period balance

   $ 26,789      $ 26,445