| 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 three months ended March 31, 2016:
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|
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|
|
|
|
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|
|
|
|
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|
|
|
Revenue-
generating
contracts
|
|
Client /
vendor
relationships
|
|
Trademarks
and
naming
rights
|
|
Non-compete
agreements
|
|
Venue
management
and
leaseholds
|
|
Technology |
|
Other |
|
Total |
|
(in thousands) |
Balance as of December 31, 2015: |
|
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|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
$ |
700,795 |
|
|
$ |
379,282 |
|
|
$ |
86,556 |
|
|
$ |
176,354 |
|
|
$ |
66,051 |
|
|
$ |
30,265 |
|
|
$ |
3,598 |
|
|
$ |
1,442,901 |
|
Accumulated amortization |
(313,743 |
) |
|
(169,620 |
) |
|
(14,578 |
) |
|
(121,319 |
) |
|
(35,645 |
) |
|
(8,602 |
) |
|
(1,631 |
) |
|
(665,138 |
) |
Net |
387,052 |
|
|
209,662 |
|
|
71,978 |
|
|
55,035 |
|
|
30,406 |
|
|
21,663 |
|
|
1,967 |
|
|
777,763 |
|
Gross carrying amount: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisitions— current year |
19,460 |
|
|
9,511 |
|
|
259 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
29,230 |
|
Acquisitions— prior year |
11,990 |
|
|
— |
|
|
5,280 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
17,270 |
|
Foreign exchange |
976 |
|
|
2,443 |
|
|
(71 |
) |
|
(499 |
) |
|
(859 |
) |
|
365 |
|
|
— |
|
|
2,355 |
|
Other |
(63 |
) |
|
— |
|
|
(5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(68 |
) |
Net change |
32,363 |
|
|
11,954 |
|
|
5,463 |
|
|
(499 |
) |
|
(859 |
) |
|
365 |
|
|
— |
|
|
48,787 |
|
Accumulated amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization |
(15,557 |
) |
|
(13,566 |
) |
|
(2,763 |
) |
|
(5,273 |
) |
|
(1,276 |
) |
|
(1,326 |
) |
|
24 |
|
|
(39,737 |
) |
Foreign exchange |
(620 |
) |
|
(941 |
) |
|
90 |
|
|
110 |
|
|
(6 |
) |
|
19 |
|
|
— |
|
|
(1,348 |
) |
Other |
— |
|
|
— |
|
|
(31 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(133 |
) |
|
(164 |
) |
Net change |
(16,177 |
) |
|
(14,507 |
) |
|
(2,704 |
) |
|
(5,163 |
) |
|
(1,282 |
) |
|
(1,307 |
) |
|
(109 |
) |
|
(41,249 |
) |
Balance as of March 31, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
733,158 |
|
|
391,236 |
|
|
92,019 |
|
|
175,855 |
|
|
65,192 |
|
|
30,630 |
|
|
3,598 |
|
|
1,491,688 |
|
Accumulated amortization |
(329,920 |
) |
|
(184,127 |
) |
|
(17,282 |
) |
|
(126,482 |
) |
|
(36,927 |
) |
|
(9,909 |
) |
|
(1,740 |
) |
|
(706,387 |
) |
Net |
$ |
403,238 |
|
|
$ |
207,109 |
|
|
$ |
74,737 |
|
|
$ |
49,373 |
|
|
$ |
28,265 |
|
|
$ |
20,721 |
|
|
$ |
1,858 |
|
|
$ |
785,301 |
|
|
| 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 three months ended March 31, 2016:
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|
|
|
|
|
|
|
|
Concerts |
|
Sponsorship
& Advertising
|
|
Ticketing |
|
Artist
Nation
|
|
Total |
|
(in thousands) |
Balance as of December 31, 2015: |
|
|
|
|
|
|
|
|
|
Goodwill |
$ |
602,771 |
|
|
$ |
332,081 |
|
|
$ |
733,825 |
|
|
$ |
340,501 |
|
|
$ |
2,009,178 |
|
Accumulated impairment losses |
(386,915 |
) |
|
— |
|
|
— |
|
|
(17,948 |
) |
|
(404,863 |
) |
Net |
215,856 |
|
|
332,081 |
|
|
733,825 |
|
|
322,553 |
|
|
1,604,315 |
|
|
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
18,120 |
|
|
10,135 |
|
|
— |
|
|
— |
|
|
28,255 |
|
Acquisitions—prior year |
(27,180 |
) |
|
12,571 |
|
|
— |
|
|
400 |
|
|
(14,209 |
) |
Foreign exchange |
(5,343 |
) |
|
3,717 |
|
|
3,208 |
|
|
(391 |
) |
|
1,191 |
|
|
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2016: |
|
|
|
|
|
|
|
|
|
Goodwill |
588,368 |
|
|
358,504 |
|
|
737,033 |
|
|
340,510 |
|
|
2,024,415 |
|
Accumulated impairment losses |
(386,915 |
) |
|
— |
|
|
— |
|
|
(17,948 |
) |
|
(404,863 |
) |
Net |
$ |
201,453 |
|
|
$ |
358,504 |
|
|
$ |
737,033 |
|
|
$ |
322,562 |
|
|
$ |
1,619,552 |
|
|