Live Nation Entertainment Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value of Assets and Liabilities Measured on a Recurring Basis

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis, which are classified on the balance sheets as cash and cash equivalents, other current assets, other long-term assets, other current liabilities and other long-term liabilities:



	Fair Value Measurements at December 31, 2015								Fair Value Measurements at December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
			(in thousands)								(in thousands)
Assets:
Cash equivalents	$	30,102	$	—	$	—	$	30,102	$	111	$	—	$	—	$	111
Forward currency contracts	—		979		—		979		—		1,910		—		1,910
Total	$	30,102	$	979	$	—	$	31,081	$	111	$	1,910	$	—	$	2,021
Liabilities:
Interest rate cap and swaps	$	—	$	—	$	1	$	1	$	—	$	1,004	$	—	$	1,004
Forward currency contracts	—		680		—		680		—		5		—		5
Put option	—		—		7,258		7,258		—		—		—		—
Contingent consideration	—		—		19,877		19,877		—		—		8,927		8,927
Total	$	—	$	680	$	27,136	$	27,816	$	—	$	1,009	$	8,927	$	9,936

Fair Value of Assets Measured on a Non-recurring Basis

The following table shows the fair value of the Company’s financial assets that have been adjusted to fair value on a non-recurring basis which had a significant impact on the Company’s results of operations for the years ended December 31, 2015 and 2014:



	Fair Value		Fair Value Measurements Using						Loss
Description	Measurement		Level 1		Level 2		Level 3		(Gain)
	(in thousands)
2015
Investment in nonconsolidated affiliates	$	—	$	—	$	—	$	—	$	(9,124	)

2014
Definite-lived intangible assets, net	$	627	$	—	$	—	$	627	$	11,107
Indefinite-lived intangible assets	$	—	$	—	$	—	$	—	$	5,963
Goodwill	$	142,719	$	—	$	—	$	142,719	$	134,961
Investments in nonconsolidated affiliates	$	—	$	—	$	—	$	—	$	(16,356	)