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, 2014

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, 2014								Fair Value Measurements at December 31, 2013
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
			(in thousands)								(in thousands)
Assets:
Cash equivalents	$	111	$	—	$	—	$	111	$	26,627	$	—	$	—	$	26,627
Forward currency contracts	—		1,910		—		1,910		—		297		—		297
Stock options	—		—		445		445		—		—		469		469
Total	$	111	$	1,910	$	445	$	2,466	$	26,627	$	297	$	469	$	27,393
Liabilities:
Interest rate swaps	$	—	$	1,004	$	—	$	1,004	$	—	$	1,491	$	—	$	1,491
Forward currency contracts	—		5		—		5		—		1,543		—		1,543
Put option	—		—		—		—		—		—		435		435
Contingent consideration	—		—		8,927		8,927		—		—		5,934		5,934
Total	$	—	$	1,009	$	8,927	$	9,936	$	—	$	3,034	$	6,369	$	9,403

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, 2014 and 2013:



	Fair Value		Fair Value Measurements Using						Loss
Description	Measurement		Level 1		Level 2		Level 3		(Gain)
	(in thousands)
2014
Definite-lived intangible assets, net	$	627	$	—	$	—	$	627	$	11,107
Indefinite-lived intangible assets, net	$	—	$	—	$	—	$	—	$	5,963
Goodwill	$	142,719	$	—	$	—	$	142,719	$	134,961
Investments in nonconsolidated affiliates	$	—	$	—	$	—	$	—	$	(16,356	)

2013
Definite-lived intangible assets, net	$	660	$	—	$	—	$	660	$	10,625
Investments in nonconsolidated affiliates	$	—	$	—	$	—	$	—	$	9,174