Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

v2.4.0.6
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2011
DISCONTINUED OPERATIONS [Abstract]  
Summary Operating Results of Discontinued Operations
Summary operating results of discontinued operations are as follows:
 
 
  
2011
    
2010
    
2009
  
   
(in thousands)
  
Revenue
   $ -     $ -     $ 50,985  
Operating expenses
     -       -       38,229  
Gain on sale of operating assets
     -       -       (6,659 )
Other income-net
     -       -       (364 )
Income from discontinued operations before income taxes
     -       -       19,779  
Income tax benefit
     -       -       (1,903 )
Income from discontinued operations before loss (gain) on disposal
     -       -       21,682  
Loss (gain) on disposal, net of tax
     -       4,228       (54,595 )
Income (loss)  from discontinued operations, net of tax
     -       (4,228 )     76,277  
Income from discontinued operations attributable to noncontrolling interests
     -       -       -  
Income (loss) from discontinued operations attributable to Live Nation Entertainment, Inc.
   $ -     $ (4,228 )   $ 76,277  
 
Asset and Liability Values at Time of Disposal and the Resulting Gain or Loss Recorded
The table below summarizes the asset and liability values at the time of disposal and the resulting gain or loss recorded.
 
Divested Asset
  
 Segment
  
Gain on sale
    
Current
 Assets
    
Noncurrent
 Assets
    
Current
Liabilities
    
Noncurrent
Liabilities
    
Accumulated
OCI
  
 
      
(in thousands)
        
2009 Divestitures
                                        
U.K. theatrical business
  
 Other
   $ (56,599 )   $ 16,850     $ 103,173     $ 61,705     $ 111     $ 3,585  
Dominion Theatre
  
 Other
   $ (6,952 )   $ -     $ 4,672     $ -     $ -     $ (150 )