Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS Long-Lived Assets (Tables)

v3.5.0.2
LONG-LIVED ASSETS Long-Lived Assets (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 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
48,912

 
51,211

 
—

 
—

 
1,449

 
8,604

 
413

 
110,589

Acquisitions— prior year
11,404

 
782

 
3,618

 
1,500

 
1,174

 
—

 
—

 
18,478

Dispositions
—

 
(2,299
)
 
—

 
—

 
(1,225
)
 
—

 
—

 
(3,524
)
Foreign exchange
(12,950
)
 
(1
)
 
(522
)
 
(2,998
)
 
(2,345
)
 
(340
)
 
2

 
(19,154
)
Other(1)
(10,717
)
 
(3,089
)
 
(6
)
 
(117,152
)
 
(9,600
)
 
(627
)
 
53

 
(141,138
)
Net change
36,649

 
46,604

 
3,090

 
(118,650
)
 
(10,547
)
 
7,637

 
468

 
(34,749
)
Accumulated amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
(54,787
)
 
(47,129
)
 
(7,018
)
 
(15,190
)
 
(4,260
)
 
(4,276
)
 
(332
)
 
(132,992
)
Dispositions
—

 
599

 
—

 
—

 
22

 
—

 
—

 
621

Foreign exchange
4,991

 
(118
)
 
220

 
772

 
1,110

 
277

 
(22
)
 
7,230

Other(1)
10,772

 
3,089

 
—

 
117,227

 
9,600

 
627

 
22

 
141,337

Net change
(39,024
)
 
(43,559
)
 
(6,798
)
 
102,809

 
6,472

 
(3,372
)
 
(332
)
 
16,196

Balance as of September 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
737,444

 
425,886

 
89,646

 
57,704

 
55,504

 
37,902

 
4,066

 
1,408,152

Accumulated amortization
(352,767
)
 
(213,179
)
 
(21,376
)
 
(18,510
)
 
(29,173
)
 
(11,974
)
 
(1,963
)
 
(648,942
)
Net
$
384,677

 
$
212,707

 
$
68,270

 
$
39,194

 
$
26,331

 
$
25,928

 
$
2,103

 
$
759,210

______________
(1) Other includes netdowns of fully amortized or impaired assets.

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
7
Client/vendor relationships
5
Venue management and leaseholds
5
Technology
5
All categories
6
Estimate of Future Amortization Expense of Definite-Lived Intangible Assets
The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets that exist at September 30, 2016:
 
(in thousands)
October 1 - December 31, 2016
$
46,174

2017
$
163,937

2018
$
142,989

2019
$
119,495

2020
$
99,868

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, 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
32,562

 
27,254

 
3,862

 
24,036

 
87,714

Acquisitions—prior year
(18,906
)
 
18,302

 
(108
)
 
449

 
(263
)
Dispositions
—

 
—

 
—

 
(323
)
 
(323
)
Foreign exchange
(25,067
)
 
5,468

 
1,475

 
(1,690
)
 
(19,814
)
 
 
 
 
 
 
 
 
 
 
Balance as of September 30, 2016:
 
 
 
 
 
 
 
 
 
Goodwill
591,360

 
383,105

 
739,054

 
362,973

 
2,076,492

Accumulated impairment losses
(386,915
)
 
—

 
—

 
(17,948
)
 
(404,863
)
                 Net
$
204,445

 
$
383,105

 
$
739,054

 
$
345,025

 
$
1,671,629