| Gross Carrying Amount and Accumulated Amortization of Definite-Lived Intangible Assets |
The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the nine months ended September 30, 2015:
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Revenue-
generating
contracts
|
|
Client /
vendor
relationships
|
|
Non-compete
agreements
|
|
Venue
management
and
leaseholds
|
|
Technology |
|
Trademarks
and
naming
rights
|
|
Other |
|
Total |
|
(in thousands) |
Balance as of December 31, 2014: |
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|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
$ |
635,127 |
|
|
$ |
355,992 |
|
|
$ |
123,552 |
|
|
$ |
83,322 |
|
|
$ |
15,330 |
|
|
$ |
24,266 |
|
|
$ |
3,581 |
|
|
$ |
1,241,170 |
|
Accumulated amortization |
(272,071 |
) |
|
(123,195 |
) |
|
(98,512 |
) |
|
(50,490 |
) |
|
(4,246 |
) |
|
(8,701 |
) |
|
(1,242 |
) |
|
(558,457 |
) |
Net |
363,056 |
|
|
232,797 |
|
|
25,040 |
|
|
32,832 |
|
|
11,084 |
|
|
15,565 |
|
|
2,339 |
|
|
682,713 |
|
Gross carrying amount: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisitions— current year |
100,534 |
|
|
38,313 |
|
|
— |
|
|
13,195 |
|
|
15,450 |
|
|
48,273 |
|
|
— |
|
|
215,765 |
|
Acquisitions— prior year |
(4,566 |
) |
|
2,934 |
|
|
8,900 |
|
|
— |
|
|
11 |
|
|
— |
|
|
— |
|
|
7,279 |
|
Foreign exchange |
(10,740 |
) |
|
(9,150 |
) |
|
— |
|
|
(2,005 |
) |
|
(849 |
) |
|
(394 |
) |
|
— |
|
|
(23,138 |
) |
Other (1)
|
(16,473 |
) |
|
(2,655 |
) |
|
— |
|
|
(16,563 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(35,691 |
) |
Net change |
68,755 |
|
|
29,442 |
|
|
8,900 |
|
|
(5,373 |
) |
|
14,612 |
|
|
47,879 |
|
|
— |
|
|
164,215 |
|
Accumulated amortization: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization |
(53,226 |
) |
|
(39,696 |
) |
|
(10,582 |
) |
|
(7,832 |
) |
|
(3,196 |
) |
|
(3,577 |
) |
|
(292 |
) |
|
(118,401 |
) |
Foreign exchange |
4,487 |
|
|
2,488 |
|
|
— |
|
|
1,066 |
|
|
5 |
|
|
220 |
|
|
— |
|
|
8,266 |
|
Other (1)
|
16,473 |
|
|
2,655 |
|
|
— |
|
|
16,563 |
|
|
— |
|
|
12 |
|
|
— |
|
|
35,703 |
|
Net change |
(32,266 |
) |
|
(34,553 |
) |
|
(10,582 |
) |
|
9,797 |
|
|
(3,191 |
) |
|
(3,345 |
) |
|
(292 |
) |
|
(74,432 |
) |
Balance as of September 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
703,882 |
|
|
385,434 |
|
|
132,452 |
|
|
77,949 |
|
|
29,942 |
|
|
72,145 |
|
|
3,581 |
|
|
1,405,385 |
|
Accumulated amortization |
(304,337 |
) |
|
(157,748 |
) |
|
(109,094 |
) |
|
(40,693 |
) |
|
(7,437 |
) |
|
(12,046 |
) |
|
(1,534 |
) |
|
(632,889 |
) |
Net |
$ |
399,545 |
|
|
$ |
227,686 |
|
|
$ |
23,358 |
|
|
$ |
37,256 |
|
|
$ |
22,505 |
|
|
$ |
60,099 |
|
|
$ |
2,047 |
|
|
$ |
772,496 |
|
_________
|
|
(1) |
Other includes net downs of fully amortized or impaired assets. |
|
| Changes in Goodwill by Segment |
The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments for the nine months ended September 30, 2015:
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|
|
|
|
|
|
|
|
|
|
Concerts |
|
Ticketing |
|
Artist
Nation
|
|
Sponsorship
& Advertising
|
|
Total |
|
(in thousands) |
Balance as of December 31, 2014: |
|
|
|
|
|
|
|
|
|
Goodwill |
$ |
577,891 |
|
|
$ |
657,631 |
|
|
$ |
345,513 |
|
|
$ |
302,865 |
|
|
$ |
1,883,900 |
|
Accumulated impairment losses |
(386,915 |
) |
|
— |
|
|
(17,948 |
) |
|
— |
|
|
(404,863 |
) |
Net |
190,976 |
|
|
657,631 |
|
|
327,565 |
|
|
302,865 |
|
|
1,479,037 |
|
|
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
74,384 |
|
|
83,946 |
|
|
15,251 |
|
|
25,631 |
|
|
199,212 |
|
Acquisitions—prior year |
(25,022 |
) |
|
8,365 |
|
|
(3,551 |
) |
|
(9,776 |
) |
|
(29,984 |
) |
Foreign exchange |
(5,768 |
) |
|
(6,751 |
) |
|
(679 |
) |
|
(5,557 |
) |
|
(18,755 |
) |
|
|
|
|
|
|
|
|
|
|
Balance as of September 30, 2015: |
|
|
|
|
|
|
|
|
|
Goodwill |
621,485 |
|
|
743,191 |
|
|
356,534 |
|
|
313,163 |
|
|
2,034,373 |
|
Accumulated impairment losses |
(386,915 |
) |
|
— |
|
|
(17,948 |
) |
|
— |
|
|
(404,863 |
) |
Net |
$ |
234,570 |
|
|
$ |
743,191 |
|
|
$ |
338,586 |
|
|
$ |
313,163 |
|
|
$ |
1,629,510 |
|
|