Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS Long-Lived Assets (Tables)

v3.4.0.3
LONG-LIVED ASSETS Long-Lived Assets (Tables)
3 Months Ended
Mar. 31, 2016
LONG-LIVED ASSETS [Abstract]  
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:
 
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:
 
 
 
 
 
 
 
 
 
 
 
 
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


Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The 2016 additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows:
  
Weighted-
Average
Life (years)
 
 
Revenue-generating contracts
4
Client/vendor relationships
4
Trademarks and naming rights
5
All categories
4
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:
 
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