Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS (Long-Lived Assets) (Tables)

v3.21.2
LONG-LIVED ASSETS (Long-Lived Assets) (Tables)
 6 Months Ended
Jun. 30, 2021
LONG-LIVED ASSETS [Abstract]  
Property, Plant and Equipment Property, plant and equipment, net, consisted of the following:
June 30, December 31,
2021 2020
(in thousands)
    Land, buildings and improvements $ 1,261,289  $ 1,239,696 
    Computer equipment and capitalized software 912,608  887,637 
    Furniture and other equipment 421,932  424,363 
    Construction in progress 146,013  151,830 
2,741,842  2,703,526 
    Less: accumulated depreciation 1,695,364  1,602,112 
$ 1,046,478  $ 1,101,414 
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, 2021:
Client /
vendor
relationships		 Revenue-
generating
contracts		 Venue management and leaseholds Trademarks
and
naming
rights		 Technology
Other (1)
Total
(in thousands)
Balance as of December 31, 2020:
Gross carrying amount
 $ 496,074  $ 578,664  $ 147,956  $ 150,344  $ 72,283  $ 17,413  $ 1,462,734 
Accumulated amortization
 (146,397) (277,710) (51,924) (73,604) (45,799) (11,700) (607,134)
Net 349,677  300,954  96,032  76,740  26,484  5,713  855,600 
Gross carrying amount:
Acquisitions—current year
 2,086  —  —  —  10,296  2,650  15,032 
Acquisitions—prior year
 5,557  —  —  —  —  —  5,557 
Foreign exchange 1,613  (1,817) (440) 399  173  (4) (76)
Other (2)
(29,276) (24,497) (631) (2,166) (24,477) (8,234) (89,281)
Net change (20,020) (26,314) (1,071) (1,767) (14,008) (5,588) (68,768)
Accumulated amortization:
Amortization
(39,051) (33,546) (7,433) (6,968) (10,988) (2,471) (100,457)
Foreign exchange 536  1,247  (7) (110) (193) —  1,473 
Other (2)
29,276  24,487  642  2,214  24,579  8,456  89,654 
Net change (9,239) (7,812) (6,798) (4,864) 13,398  5,985  (9,330)
Balance as of June 30, 2021:
Gross carrying amount
 476,054  552,350  146,885  148,577  58,275  11,825  1,393,966 
Accumulated amortization
 (155,636) (285,522) (58,722) (78,468) (32,401) (5,715) (616,464)
Net $ 320,418  $ 266,828  $ 88,163  $ 70,109  $ 25,874  $ 6,110  $ 777,502 
______________

(1) Other primarily includes intangible assets for non-compete agreements.     
(2) Other primarily includes netdowns of fully amortized or impaired assets.
[1],[2]
Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The 2021 additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows:
Weighted-
Average
Life (years)
Client/vendor relationships 4
Non-compete agreements 2
All categories 3
Changes in Goodwill by Segment
The following table presents the changes in the carrying amount of goodwill in each of our reportable segments for the six months ended June 30, 2021:
Concerts Ticketing Sponsorship
& Advertising		 Total
(in thousands)
Balance as of December 31, 2020:
Goodwill $ 1,318,273  $ 782,559  $ 463,734  $ 2,564,566 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net 882,910  782,559  463,734  2,129,203 
Acquisitions—current year 1,336  —  —  1,336 
Acquisitions—prior year (1,815) (3,740) 419  (5,136)
Foreign exchange 369  (2,433) (635) (2,699)
Balance as of June 30, 2021:
Goodwill 1,318,163  776,386  463,518  2,558,067 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net $ 882,800  $ 776,386  $ 463,518  $ 2,122,704 
[1] Other primarily includes intangible assets for non-compete agreements.
[2] Other primarily includes netdowns of fully amortized or impaired assets.