| Changes in 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, 2018:
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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
|
|
Technology |
|
Other (1)
|
|
Total |
|
(in thousands) |
Balance as of December 31, 2017: |
|
|
|
|
|
|
|
|
Gross carrying amount |
$ |
789,363 |
|
|
$ |
341,449 |
|
|
$ |
126,331 |
|
|
$ |
63,666 |
|
|
$ |
135,231 |
|
|
$ |
1,456,040 |
|
Accumulated amortization |
(410,011 |
) |
|
(186,357 |
) |
|
(32,681 |
) |
|
(22,745 |
) |
|
(74,981 |
) |
|
(726,775 |
) |
Net |
379,352 |
|
|
155,092 |
|
|
93,650 |
|
|
40,921 |
|
|
60,250 |
|
|
729,265 |
|
Gross carrying amount: |
|
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
6,128 |
|
|
49,162 |
|
|
— |
|
|
27,551 |
|
|
12,902 |
|
|
95,743 |
|
Acquisitions—prior year |
4,447 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,900 |
|
|
6,347 |
|
Dispositions |
— |
|
|
(11,812 |
) |
|
— |
|
|
— |
|
|
(18,754 |
) |
|
(30,566 |
) |
Foreign exchange |
(10,165 |
) |
|
(5,646 |
) |
|
(1,302 |
) |
|
(828 |
) |
|
(2,523 |
) |
|
(20,464 |
) |
Other (2)
|
(89,145 |
) |
|
(6,160 |
) |
|
— |
|
|
(3,156 |
) |
|
(4,353 |
) |
|
(102,814 |
) |
Net change |
(88,735 |
) |
|
25,544 |
|
|
(1,302 |
) |
|
23,567 |
|
|
(10,828 |
) |
|
(51,754 |
) |
Accumulated amortization: |
|
|
|
|
|
|
|
|
|
|
Amortization |
(62,974 |
) |
|
(38,938 |
) |
|
(9,365 |
) |
|
(16,886 |
) |
|
(15,381 |
) |
|
(143,544 |
) |
Dispositions |
— |
|
|
8,146 |
|
|
— |
|
|
— |
|
|
13,238 |
|
|
21,384 |
|
Foreign exchange |
5,037 |
|
|
3,694 |
|
|
363 |
|
|
447 |
|
|
1,487 |
|
|
11,028 |
|
Other (2)
|
89,376 |
|
|
6,178 |
|
|
23 |
|
|
3,178 |
|
|
4,434 |
|
|
103,189 |
|
Net change |
31,439 |
|
|
(20,920 |
) |
|
(8,979 |
) |
|
(13,261 |
) |
|
3,778 |
|
|
(7,943 |
) |
Balance as of September 30, 2018: |
|
|
|
|
|
|
|
|
Gross carrying amount |
700,628 |
|
|
366,993 |
|
|
125,029 |
|
|
87,233 |
|
|
124,403 |
|
|
1,404,286 |
|
Accumulated amortization |
(378,572 |
) |
|
(207,277 |
) |
|
(41,660 |
) |
|
(36,006 |
) |
|
(71,203 |
) |
|
(734,718 |
) |
Net |
$ |
322,056 |
|
|
$ |
159,716 |
|
|
$ |
83,369 |
|
|
$ |
51,227 |
|
|
$ |
53,200 |
|
|
$ |
669,568 |
|
______________
(1) Other includes intangible assets for non-compete, venue management and leasehold agreements.
(2) Other includes netdowns of fully amortized 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, 2018:
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|
|
|
|
|
|
|
Concerts |
|
Sponsorship
& Advertising
|
|
Ticketing |
|
Total |
|
(in thousands) |
Balance as of December 31, 2017: |
|
|
|
|
|
|
|
Goodwill |
$ |
1,015,913 |
|
|
$ |
401,753 |
|
|
$ |
761,786 |
|
|
$ |
2,179,452 |
|
Accumulated impairment losses |
(424,863 |
) |
|
— |
|
|
— |
|
|
(424,863 |
) |
Net |
591,050 |
|
|
401,753 |
|
|
761,786 |
|
|
1,754,589 |
|
Acquisitions—current year |
37,723 |
|
|
3,890 |
|
|
5,875 |
|
|
47,488 |
|
Acquisitions—prior year |
53,578 |
|
|
1,693 |
|
|
— |
|
|
55,271 |
|
Dispositions |
(7,053 |
) |
|
— |
|
|
— |
|
|
(7,053 |
) |
Foreign exchange |
(7,706 |
) |
|
(4,313 |
) |
|
(2,923 |
) |
|
(14,942 |
) |
Balance as of September 30, 2018: |
|
|
|
|
|
|
|
Goodwill |
1,092,455 |
|
|
403,023 |
|
|
764,738 |
|
|
2,260,216 |
|
Accumulated impairment losses |
(424,863 |
) |
|
— |
|
|
— |
|
|
(424,863 |
) |
Net |
$ |
667,592 |
|
|
$ |
403,023 |
|
|
$ |
764,738 |
|
|
$ |
1,835,353 |
|
|