Quarterly report pursuant to Section 13 or 15(d)

Other Long-Term Assets

v2.4.0.8
Other Long-Term Assets
9 Months Ended
Sep. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Long-Term Assets
Other Long-Term Assets
 

As of December 31, 2013
 
As of September 30, 2014
 
(in thousands)
Other long-term assets:
 

 
 

Patents, net of amortization
$
7,636

 
$
7,091

Long-term security deposits
4,736

 
4,956

Other
1,343

 
1,939

Total other long-term assets
$
13,715

 
$
13,986


 
Pending Acquisition
 
In June 2013, we entered into a local marketing agreement to program KXMZ-FM, a Rapid City, South Dakota-area terrestrial radio station. In addition, we entered into an agreement to purchase the assets of KXMZ-FM for a total purchase price of approximately $0.6 million in cash, subject to certain closing conditions. As of September 30, 2014, we have paid $0.4 million of the purchase price, which is included in the other long-term assets line item of our balance sheets.
 
The completion of the KXMZ-FM acquisition is subject to various closing conditions, which include, but are not limited to, regulatory approval by the Federal Communications Commission. Upon completion of these conditions, we expect to account for this acquisition as a business combination.