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, 2017

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 current liabilities and other long-term liabilities:



	Fair Value Measurements at December 31, 2017								Fair Value Measurements at December 31, 2016
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
			(in thousands)								(in thousands)
Assets:
Cash equivalents	$	58,063	$	—	$	—	$	58,063	$	55,081	$	—	$	—	$	55,081
Forward currency contracts	—		114		—		114		—		2,957		—		2,957
Total	$	58,063	$	114	$	—	$	58,177	$	55,081	$	2,957	$	—	$	58,038
Liabilities:
Forward currency contracts	—		1,276		—		1,276		—		363		—		363
Put option	—		—		5,768		5,768		—		—		5,147		5,147
Contingent consideration	—		—		70,039		70,039		—		—		44,195		44,195
Total	$	—	$	1,276	$	75,807	$	77,083	$	—	$	363	$	49,342	$	49,705

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, 2017 and 2016:



	Fair Value		Fair Value Measurements Using						Loss
Description	Measurement		Level 1		Level 2		Level 3		(Gain)
	(in thousands)
2017
Goodwill	$	30,832	$	—	$	—	$	30,832	$	20,000
2016
Investment in nonconsolidated affiliates	$	—	$	—	$	—	$	—	$	16,455