Quarterly report pursuant to Section 13 or 15(d)

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

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LONG-LIVED ASSETS (Long-Lived Assets) (Tables)
 3 Months Ended
Mar. 31, 2024
LONG-LIVED ASSETS [Abstract]  
Property, Plant and Equipment
Property, plant and equipment, net, consisted of the following:
March 31, 2024 December 31, 2023
(in thousands)
    Land, buildings and improvements $ 2,085,796  $ 2,043,595 
    Computer equipment and capitalized software 903,837  888,065 
    Furniture and other equipment 651,519  646,966 
    Construction in progress 318,633  317,028 
Property, plant and equipment, gross 3,959,785  3,895,654 
    Less: accumulated depreciation 1,843,153  1,794,191 
Property, plant and equipment, net $ 2,116,632  $ 2,101,463 
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 three months ended March 31, 2024:
Revenue-
generating
contracts		 Client /
vendor
relationships		 Venue management and leaseholds Trademarks
and
naming
rights
Technology and Other (1)
Total
(in thousands)
Balance as of December 31, 2023:
Gross carrying amount
 $ 925,257  $ 583,436  $ 226,788  $ 183,493  $ 20,220  $ 1,939,194 
Accumulated amortization
 (336,625) (251,649) (79,218) (104,036) (6,045) (777,573)
Net 588,632  331,787  147,570  79,457  14,175  1,161,621 
Gross carrying amount:
Acquisitions and additions—current year
 57,447  —  —  —  129  57,576 
Acquisitions and additions—prior year
 (2,479) 3,894  (237) (63) —  1,115 
Foreign exchange 4,938  (2,807) (946) 842  (41) 1,986 
Other (2)
(596) (1,145) (4,202) (869) 47  (6,765)
Net change 59,310  (58) (5,385) (90) 135  53,912 
Accumulated amortization:
Amortization
(27,378) (21,851) (6,450) (4,520) (1,806) (62,005)
Foreign exchange 311  2,113  569  279  (346) 2,926 
Other (2)
596  1,145  4,222  47  319  6,329 
Net change (26,471) (18,593) (1,659) (4,194) (1,833) (52,750)
Balance as of March 31, 2024:
Gross carrying amount
 984,567  583,378  221,403  183,403  20,355  1,993,106 
Accumulated amortization
 (363,096) (270,242) (80,877) (108,230) (7,878) (830,323)
Net $ 621,471  $ 313,136  $ 140,526  $ 75,173  $ 12,477  $ 1,162,783 

(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 2024 acquisitions and additions to definite-lived intangible assets had weighted-average lives as follows:
Weighted-
Average
Life (years)
Revenue-generating contracts 10
Technology 3
All categories 10
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 three months ended March 31, 2024:
Concerts Ticketing Sponsorship
& Advertising		 Total
(in thousands)
Balance as of December 31, 2023:
Goodwill $ 1,439,579  $ 1,012,530  $ 674,720  $ 3,126,829 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net 1,004,216  1,012,530  674,720  2,691,466 
Acquisitions—current year 2,334  —  —  2,334 
Acquisitions—prior year 8,772  —  —  8,772 
Dispositions 88  —  —  88 
Foreign exchange (10,091) 3,082  3,829  (3,180)
Balance as of March 31, 2024:
Goodwill 1,440,682  1,015,612  678,549  3,134,843 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net $ 1,005,319  $ 1,015,612  $ 678,549  $ 2,699,480 
[1] Other primarily includes intangible assets for non-compete agreements.
[2] Other primarily includes netdowns of fully amortized or impaired assets.