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, 2013

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, 2013								Fair Value Measurements at December 31, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
			(in thousands)								(in thousands)
Assets:
Cash equivalents	$	26,627	$	—	$	—	$	26,627	$	61,996	$	—	$	—	$	61,996
Forward currency contracts	—		297		—		297		—		81		—		81
Stock options	—		—		469		469		—		—		204		204
Total	$	26,627	$	297	$	469	$	27,393	$	61,996	$	81	$	204	$	62,281
Liabilities:
Interest rate swaps	$	—	$	1,491	$	—	$	1,491	$	—	$	2,811	$	—	$	2,811
Forward currency contracts	—		1,543		—		1,543		—		625		—		625
Put option	—		—		435		435		—		—		—		—
Contingent consideration	—		—		5,934		5,934		—		—		6,718		6,718
Total	$	—	$	3,034	$	6,369	$	9,403	$	—	$	3,436	$	6,718	$	10,154

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, 2013 and 2012:



	Fair Value Measurement
	at		Fair Value Measurements Using						Total
Description	December 31		Level 1		Level 2		Level 3		Losses
	(in thousands)
2013 Impairments
Definite-lived intangible assets, net	$	660	$	—	$	—	$	660	$	10,625
Investments in nonconsolidated affiliates	$	—	$	—	$	—	$	—	$	9,174
2013 Total									$	19,799

2012 Impairments
Property, plant and equipment	$	5,983	$	—	$	5,983	$	—	$	4,266
Definite-lived intangible assets, net	$	90,176	$	—	$	—	$	90,176	$	89,584
2012 Total									$	93,850