| 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, 2015:
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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 |
10,486 |
|
|
15,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
25,486 |
|
Acquisitions— prior year |
6,424 |
|
|
(1,817 |
) |
|
— |
|
|
— |
|
|
10 |
|
|
— |
|
|
— |
|
|
4,617 |
|
Foreign exchange |
(15,499 |
) |
|
(6,069 |
) |
|
— |
|
|
(1,865 |
) |
|
(281 |
) |
|
(593 |
) |
|
— |
|
|
(24,307 |
) |
Other (1)
|
(5,100 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
628 |
|
|
— |
|
|
(4,472 |
) |
Net change |
(3,689 |
) |
|
7,114 |
|
|
— |
|
|
(1,865 |
) |
|
(271 |
) |
|
35 |
|
|
— |
|
|
1,324 |
|
Accumulated amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization |
(13,757 |
) |
|
(12,334 |
) |
|
(2,952 |
) |
|
(2,034 |
) |
|
(824 |
) |
|
(598 |
) |
|
(100 |
) |
|
(32,599 |
) |
Foreign exchange |
6,607 |
|
|
1,165 |
|
|
— |
|
|
1,047 |
|
|
7 |
|
|
331 |
|
|
— |
|
|
9,157 |
|
Other (1)
|
5,024 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(621 |
) |
|
— |
|
|
4,403 |
|
Net change |
(2,126 |
) |
|
(11,169 |
) |
|
(2,952 |
) |
|
(987 |
) |
|
(817 |
) |
|
(888 |
) |
|
(100 |
) |
|
(19,039 |
) |
Balance as of March 31, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
631,438 |
|
|
363,106 |
|
|
123,552 |
|
|
81,457 |
|
|
15,059 |
|
|
24,301 |
|
|
3,581 |
|
|
1,242,494 |
|
Accumulated amortization |
(274,197 |
) |
|
(134,364 |
) |
|
(101,464 |
) |
|
(51,477 |
) |
|
(5,063 |
) |
|
(9,589 |
) |
|
(1,342 |
) |
|
(577,496 |
) |
Net |
$ |
357,241 |
|
|
$ |
228,742 |
|
|
$ |
22,088 |
|
|
$ |
29,980 |
|
|
$ |
9,996 |
|
|
$ |
14,712 |
|
|
$ |
2,239 |
|
|
$ |
664,998 |
|
_________
|
|
(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 three months ended March 31, 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 |
5,465 |
|
|
— |
|
|
4,800 |
|
|
2,642 |
|
|
12,907 |
|
Acquisitions—prior year |
(42,759 |
) |
|
7,055 |
|
|
4,225 |
|
|
(6,856 |
) |
|
(38,335 |
) |
Foreign exchange |
(8,590 |
) |
|
(8,345 |
) |
|
(1,253 |
) |
|
(13,803 |
) |
|
(31,991 |
) |
|
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2015: |
|
|
|
|
|
|
|
|
|
Goodwill |
532,007 |
|
|
656,341 |
|
|
353,285 |
|
|
284,848 |
|
|
1,826,481 |
|
Accumulated impairment losses |
(386,915 |
) |
|
— |
|
|
(17,948 |
) |
|
— |
|
|
(404,863 |
) |
Net |
$ |
145,092 |
|
|
$ |
656,341 |
|
|
$ |
335,337 |
|
|
$ |
284,848 |
|
|
$ |
1,421,618 |
|
|