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, 2016

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, 2016								Fair Value Measurements at December 31, 2015
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
			(in thousands)								(in thousands)
Assets:
Cash equivalents	$	55,081	$	—	$	—	$	55,081	$	30,102	$	—	$	—	$	30,102
Forward currency contracts	—		2,957		—		2,957		—		979		—		979
Total	$	55,081	$	2,957	$	—	$	58,038	$	30,102	$	979	$	—	$	31,081
Liabilities:
Interest rate cap	$	—	$	—	$	—	$	—	$	—	$	—	$	1	$	1
Forward currency contracts	—		363		—		363		—		680		—		680
Put option	—		—		5,147		5,147		—		—		7,258		7,258
Contingent consideration	—		—		44,195		44,195		—		—		19,877		19,877
Total	$	—	$	363	$	49,342	$	49,705	$	—	$	680	$	27,136	$	27,816

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, 2016 and 2015:



	Fair Value		Fair Value Measurements Using						Loss
Description	Measurement		Level 1		Level 2		Level 3		(Gain)
	(in thousands)
2016
Investment in nonconsolidated affiliates	$	—	$	—	$	—	$	—	$	16,455

2015
Investments in nonconsolidated affiliates	$	—	$	—	$	—	$	—	$	(9,124	)