| 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, 2017:
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Revenue-
generating
contracts
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|
Client /
vendor
relationships
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|
Trademarks
and
naming
rights
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Non-compete
agreements
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|
Technology |
|
Venue
management
and
leaseholds
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Other |
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Total |
|
(in thousands) |
Balance as of December 31, 2016: |
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|
|
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|
|
Gross carrying amount |
$ |
760,398 |
|
|
$ |
402,009 |
|
|
$ |
94,338 |
|
|
$ |
65,992 |
|
|
$ |
53,078 |
|
|
$ |
54,001 |
|
|
$ |
4,014 |
|
|
$ |
1,433,830 |
|
Accumulated amortization |
(316,800 |
) |
|
(213,785 |
) |
|
(23,724 |
) |
|
(22,099 |
) |
|
(13,637 |
) |
|
(29,664 |
) |
|
(2,090 |
) |
|
(621,799 |
) |
Net |
443,598 |
|
|
188,224 |
|
|
70,614 |
|
|
43,893 |
|
|
39,441 |
|
|
24,337 |
|
|
1,924 |
|
|
812,031 |
|
Gross carrying amount: |
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|
|
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|
|
|
|
Acquisitions— current year |
— |
|
|
21,186 |
|
|
— |
|
|
— |
|
|
9,060 |
|
|
— |
|
|
— |
|
|
30,246 |
|
Acquisitions— prior year |
(6,724 |
) |
|
— |
|
|
35,464 |
|
|
— |
|
|
1,120 |
|
|
— |
|
|
— |
|
|
29,860 |
|
Foreign exchange |
14,747 |
|
|
6,639 |
|
|
892 |
|
|
1,394 |
|
|
1,309 |
|
|
1,686 |
|
|
10 |
|
|
26,677 |
|
Other(1)
|
— |
|
|
— |
|
|
2 |
|
|
5 |
|
|
(145 |
) |
|
— |
|
|
(253 |
) |
|
(391 |
) |
Net change |
8,023 |
|
|
27,825 |
|
|
36,358 |
|
|
1,399 |
|
|
11,344 |
|
|
1,686 |
|
|
(243 |
) |
|
86,392 |
|
Accumulated amortization: |
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|
|
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|
|
|
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|
|
|
Amortization |
(38,627 |
) |
|
(29,800 |
) |
|
(6,699 |
) |
|
(6,708 |
) |
|
(5,530 |
) |
|
(2,301 |
) |
|
(320 |
) |
|
(89,985 |
) |
Foreign exchange |
(5,843 |
) |
|
(2,785 |
) |
|
(328 |
) |
|
(586 |
) |
|
(391 |
) |
|
(817 |
) |
|
(2 |
) |
|
(10,752 |
) |
Other(1)
|
19 |
|
|
(19 |
) |
|
— |
|
|
8 |
|
|
151 |
|
|
— |
|
|
252 |
|
|
411 |
|
Net change |
(44,451 |
) |
|
(32,604 |
) |
|
(7,027 |
) |
|
(7,286 |
) |
|
(5,770 |
) |
|
(3,118 |
) |
|
(70 |
) |
|
(100,326 |
) |
Balance as of June 30, 2017: |
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|
|
|
|
|
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|
|
Gross carrying amount |
768,421 |
|
|
429,834 |
|
|
130,696 |
|
|
67,391 |
|
|
64,422 |
|
|
55,687 |
|
|
3,771 |
|
|
1,520,222 |
|
Accumulated amortization |
(361,251 |
) |
|
(246,389 |
) |
|
(30,751 |
) |
|
(29,385 |
) |
|
(19,407 |
) |
|
(32,782 |
) |
|
(2,160 |
) |
|
(722,125 |
) |
Net |
$ |
407,170 |
|
|
$ |
183,445 |
|
|
$ |
99,945 |
|
|
$ |
38,006 |
|
|
$ |
45,015 |
|
|
$ |
22,905 |
|
|
$ |
1,611 |
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|
$ |
798,097 |
|
______________
(1) Other includes netdowns of fully amortized 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, 2017:
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|
|
Concerts |
|
Sponsorship
& Advertising
|
|
Ticketing |
|
Total |
|
(in thousands) |
Balance as of December 31, 2016: |
|
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|
|
|
|
|
Goodwill |
$ |
1,017,020 |
|
|
$ |
395,826 |
|
|
$ |
739,105 |
|
|
$ |
2,151,951 |
|
Accumulated impairment losses |
(404,863 |
) |
|
— |
|
|
— |
|
|
(404,863 |
) |
Net |
612,157 |
|
|
395,826 |
|
|
739,105 |
|
|
1,747,088 |
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
7,470 |
|
|
— |
|
|
11,215 |
|
|
18,685 |
|
Acquisitions—prior year |
(21,465 |
) |
|
(9,821 |
) |
|
883 |
|
|
(30,403 |
) |
Foreign exchange |
7,293 |
|
|
5,854 |
|
|
6,457 |
|
|
19,604 |
|
|
|
|
|
|
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|
Balance as of June 30, 2017: |
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|
|
|
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|
Goodwill |
1,010,318 |
|
|
391,859 |
|
|
757,660 |
|
|
2,159,837 |
|
Accumulated impairment losses |
(404,863 |
) |
|
— |
|
|
— |
|
|
(404,863 |
) |
Net |
$ |
605,455 |
|
|
$ |
391,859 |
|
|
$ |
757,660 |
|
|
$ |
1,754,974 |
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|