| Gross Carrying Amount and Accumulated Amortization of Definite-Lived Intangible Assets |
The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the six months ended June 30, 2015:
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|
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|
|
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|
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Revenue-
generating
contracts
|
|
Client /
vendor
relationships
|
|
Non-compete
agreements
|
|
Venue
management
and
leaseholds
|
|
Technology |
|
Trademarks
and
naming
rights
|
|
Other |
|
Total |
|
(in thousands) |
Balance as of December 31, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
$ |
635,127 |
|
|
$ |
355,992 |
|
|
$ |
123,552 |
|
|
$ |
83,322 |
|
|
$ |
15,330 |
|
|
$ |
24,266 |
|
|
$ |
3,581 |
|
|
$ |
1,241,170 |
|
Accumulated amortization |
(272,071 |
) |
|
(123,195 |
) |
|
(98,512 |
) |
|
(50,490 |
) |
|
(4,246 |
) |
|
(8,701 |
) |
|
(1,242 |
) |
|
(558,457 |
) |
Net |
363,056 |
|
|
232,797 |
|
|
25,040 |
|
|
32,832 |
|
|
11,084 |
|
|
15,565 |
|
|
2,339 |
|
|
682,713 |
|
Gross carrying amount: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisitions— current year |
115,097 |
|
|
15,000 |
|
|
— |
|
|
— |
|
|
17,950 |
|
|
42,470 |
|
|
— |
|
|
190,517 |
|
Acquisitions— prior year |
(4,246 |
) |
|
(1,523 |
) |
|
1,500 |
|
|
— |
|
|
11 |
|
|
— |
|
|
— |
|
|
(4,258 |
) |
Foreign exchange |
(7,470 |
) |
|
(4,124 |
) |
|
— |
|
|
(341 |
) |
|
143 |
|
|
(203 |
) |
|
— |
|
|
(11,995 |
) |
Other (1)
|
(16,473 |
) |
|
(2,655 |
) |
|
— |
|
|
(6,212 |
) |
|
— |
|
|
(9 |
) |
|
— |
|
|
(25,349 |
) |
Net change |
86,908 |
|
|
6,698 |
|
|
1,500 |
|
|
(6,553 |
) |
|
18,104 |
|
|
42,258 |
|
|
— |
|
|
148,915 |
|
Accumulated amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization |
(36,676 |
) |
|
(25,371 |
) |
|
(5,904 |
) |
|
(4,506 |
) |
|
(1,761 |
) |
|
(1,718 |
) |
|
(194 |
) |
|
(76,130 |
) |
Foreign exchange |
2,839 |
|
|
961 |
|
|
— |
|
|
333 |
|
|
(39 |
) |
|
182 |
|
|
— |
|
|
4,276 |
|
Other (1)
|
16,473 |
|
|
2,655 |
|
|
— |
|
|
6,172 |
|
|
— |
|
|
12 |
|
|
— |
|
|
25,312 |
|
Net change |
(17,364 |
) |
|
(21,755 |
) |
|
(5,904 |
) |
|
1,999 |
|
|
(1,800 |
) |
|
(1,524 |
) |
|
(194 |
) |
|
(46,542 |
) |
Balance as of June 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
722,035 |
|
|
362,690 |
|
|
125,052 |
|
|
76,769 |
|
|
33,434 |
|
|
66,524 |
|
|
3,581 |
|
|
1,390,085 |
|
Accumulated amortization |
(289,435 |
) |
|
(144,950 |
) |
|
(104,416 |
) |
|
(48,491 |
) |
|
(6,046 |
) |
|
(10,225 |
) |
|
(1,436 |
) |
|
(604,999 |
) |
Net |
$ |
432,600 |
|
|
$ |
217,740 |
|
|
$ |
20,636 |
|
|
$ |
28,278 |
|
|
$ |
27,388 |
|
|
$ |
56,299 |
|
|
$ |
2,145 |
|
|
$ |
785,086 |
|
_________
|
|
(1) |
Other includes net downs of fully amortized or impaired assets. |
|
| Changes in Goodwill by Segment |
The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments for the six months ended June 30, 2015:
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|
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|
|
|
|
|
|
|
|
|
|
|
|
Concerts |
|
Ticketing |
|
Artist
Nation
|
|
Sponsorship
& Advertising
|
|
Total |
|
(in thousands) |
Balance as of December 31, 2014: |
|
|
|
|
|
|
|
|
|
Goodwill |
$ |
577,891 |
|
|
$ |
657,631 |
|
|
$ |
345,513 |
|
|
$ |
302,865 |
|
|
$ |
1,883,900 |
|
Accumulated impairment losses |
(386,915 |
) |
|
— |
|
|
(17,948 |
) |
|
— |
|
|
(404,863 |
) |
Net |
190,976 |
|
|
657,631 |
|
|
327,565 |
|
|
302,865 |
|
|
1,479,037 |
|
|
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
79,915 |
|
|
79,277 |
|
|
4,800 |
|
|
20,455 |
|
|
184,447 |
|
Acquisitions—prior year |
(35,844 |
) |
|
(4,245 |
) |
|
4,461 |
|
|
4,335 |
|
|
(31,293 |
) |
Foreign exchange |
(2,159 |
) |
|
(6,779 |
) |
|
343 |
|
|
(4,473 |
) |
|
(13,068 |
) |
|
|
|
|
|
|
|
|
|
|
Balance as of June 30, 2015: |
|
|
|
|
|
|
|
|
|
Goodwill |
619,803 |
|
|
725,884 |
|
|
355,117 |
|
|
323,182 |
|
|
2,023,986 |
|
Accumulated impairment losses |
(386,915 |
) |
|
— |
|
|
(17,948 |
) |
|
— |
|
|
(404,863 |
) |
Net |
$ |
232,888 |
|
|
$ |
725,884 |
|
|
$ |
337,169 |
|
|
$ |
323,182 |
|
|
$ |
1,619,123 |
|
|