Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS Long-Lived Assets (Tables)

v3.8.0.1
LONG-LIVED ASSETS Long-Lived Assets (Tables)
9 Months Ended
Sep. 30, 2017
LONG-LIVED ASSETS [Abstract]  
Changes in 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 nine months ended September 30, 2017:
 
Revenue-
generating
contracts
 
Client /
vendor
relationships
 
Trademarks
and
naming
rights
 
Non-compete
agreements
 
Technology
 
Venue
management
and
leaseholds
 
Other
 
Total
 
(in thousands)
Balance as of December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
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:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisitions— current year

 
22,635

 

 

 
12,037

 
820

 

 
35,492

Acquisitions— prior year
(6,724
)
 

 
35,464

 

 
1,120

 

 

 
29,860

Foreign exchange
21,823

 
9,069

 
1,402

 
2,229

 
2,170

 
2,513

 
22

 
39,228

Other(1)
(5,027
)
 
(3,009
)
 

 
(1
)
 
(305
)
 

 
(247
)
 
(8,589
)
Net change
10,072

 
28,695

 
36,866

 
2,228

 
15,022

 
3,333

 
(225
)
 
95,991

Accumulated amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
(63,368
)
 
(45,688
)
 
(10,008
)
 
(10,407
)
 
(9,860
)
 
(3,524
)
 
(540
)
 
(143,395
)
Foreign exchange
(8,966
)
 
(3,868
)
 
(499
)
 
(984
)
 
(718
)
 
(1,385
)
 
(6
)
 
(16,426
)
Other(1)
5,067

 
2,969

 
10

 
8

 
312

 

 
342

 
8,708

Net change
(67,267
)
 
(46,587
)
 
(10,497
)
 
(11,383
)
 
(10,266
)
 
(4,909
)
 
(204
)
 
(151,113
)
Balance as of September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
770,470

 
430,704

 
131,204

 
68,220

 
68,100

 
57,334

 
3,789

 
1,529,821

Accumulated amortization
(384,067
)
 
(260,372
)
 
(34,221
)
 
(33,482
)
 
(23,903
)
 
(34,573
)
 
(2,294
)
 
(772,912
)
Net
$
386,403

 
$
170,332

 
$
96,983

 
$
34,738

 
$
44,197

 
$
22,761

 
$
1,495

 
$
756,909

______________
(1) Other includes netdowns of fully amortized assets.
Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The 2017 additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows:
 
Weighted-
Average
Life (years)
Client/vendor relationships
6
Technology
4
Venue management and leaseholds
3
All categories
5
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 nine months ended September 30, 2017:
 
Concerts
 
Sponsorship
& Advertising
 
Ticketing
 
Total
 
(in thousands)
Balance as of December 31, 2016:
 
 
 
 
 
 
 
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
8,259

 

 
11,239

 
19,498

Acquisitions—prior year
(22,095
)
 
(9,821
)
 
882

 
(31,034
)
Foreign exchange
9,765

 
9,573

 
9,622

 
28,960

Balance as of September 30, 2017:
 
 
 
 
 
 
 
Goodwill
1,012,949

 
395,578

 
760,848

 
2,169,375

Accumulated impairment losses
(404,863
)
 

 

 
(404,863
)
                 Net
$
608,086

 
$
395,578

 
$
760,848

 
$
1,764,512