| 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, 2017:
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Revenue-
generating
contracts
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|
Client /
vendor
relationships
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Trademarks
and
naming
rights
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Non-compete
agreements
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|
Technology |
|
Venue
management
and
leaseholds
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Other |
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Total |
|
(in thousands) |
Balance as of December 31, 2016: |
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|
|
Gross carrying amount |
$ |
760,398 |
|
|
$ |
402,009 |
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|
$ |
94,338 |
|
|
$ |
65,992 |
|
|
$ |
53,078 |
|
|
$ |
54,001 |
|
|
$ |
4,014 |
|
|
$ |
1,433,830 |
|
Accumulated amortization |
(316,800 |
) |
|
(213,785 |
) |
|
(23,724 |
) |
|
(22,099 |
) |
|
(13,637 |
) |
|
(29,664 |
) |
|
(2,090 |
) |
|
(621,799 |
) |
Net |
443,598 |
|
|
188,224 |
|
|
70,614 |
|
|
43,893 |
|
|
39,441 |
|
|
24,337 |
|
|
1,924 |
|
|
812,031 |
|
Gross carrying amount: |
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|
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Acquisitions— current year |
— |
|
|
22,635 |
|
|
— |
|
|
— |
|
|
12,037 |
|
|
820 |
|
|
— |
|
|
35,492 |
|
Acquisitions— prior year |
(6,724 |
) |
|
— |
|
|
35,464 |
|
|
— |
|
|
1,120 |
|
|
— |
|
|
— |
|
|
29,860 |
|
Foreign exchange |
21,823 |
|
|
9,069 |
|
|
1,402 |
|
|
2,229 |
|
|
2,170 |
|
|
2,513 |
|
|
22 |
|
|
39,228 |
|
Other(1)
|
(5,027 |
) |
|
(3,009 |
) |
|
— |
|
|
(1 |
) |
|
(305 |
) |
|
— |
|
|
(247 |
) |
|
(8,589 |
) |
Net change |
10,072 |
|
|
28,695 |
|
|
36,866 |
|
|
2,228 |
|
|
15,022 |
|
|
3,333 |
|
|
(225 |
) |
|
95,991 |
|
Accumulated amortization: |
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|
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Amortization |
(63,368 |
) |
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(45,688 |
) |
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(10,008 |
) |
|
(10,407 |
) |
|
(9,860 |
) |
|
(3,524 |
) |
|
(540 |
) |
|
(143,395 |
) |
Foreign exchange |
(8,966 |
) |
|
(3,868 |
) |
|
(499 |
) |
|
(984 |
) |
|
(718 |
) |
|
(1,385 |
) |
|
(6 |
) |
|
(16,426 |
) |
Other(1)
|
5,067 |
|
|
2,969 |
|
|
10 |
|
|
8 |
|
|
312 |
|
|
— |
|
|
342 |
|
|
8,708 |
|
Net change |
(67,267 |
) |
|
(46,587 |
) |
|
(10,497 |
) |
|
(11,383 |
) |
|
(10,266 |
) |
|
(4,909 |
) |
|
(204 |
) |
|
(151,113 |
) |
Balance as of September 30, 2017: |
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|
Gross carrying amount |
770,470 |
|
|
430,704 |
|
|
131,204 |
|
|
68,220 |
|
|
68,100 |
|
|
57,334 |
|
|
3,789 |
|
|
1,529,821 |
|
Accumulated amortization |
(384,067 |
) |
|
(260,372 |
) |
|
(34,221 |
) |
|
(33,482 |
) |
|
(23,903 |
) |
|
(34,573 |
) |
|
(2,294 |
) |
|
(772,912 |
) |
Net |
$ |
386,403 |
|
|
$ |
170,332 |
|
|
$ |
96,983 |
|
|
$ |
34,738 |
|
|
$ |
44,197 |
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|
$ |
22,761 |
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|
$ |
1,495 |
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|
$ |
756,909 |
|
______________
(1) Other includes netdowns of fully amortized assets.
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| 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, 2017:
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Concerts |
|
Sponsorship
& Advertising
|
|
Ticketing |
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Total |
|
(in thousands) |
Balance as of December 31, 2016: |
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Goodwill |
$ |
1,017,020 |
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|
$ |
395,826 |
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|
$ |
739,105 |
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|
$ |
2,151,951 |
|
Accumulated impairment losses |
(404,863 |
) |
|
— |
|
|
— |
|
|
(404,863 |
) |
Net |
612,157 |
|
|
395,826 |
|
|
739,105 |
|
|
1,747,088 |
|
Acquisitions—current year |
8,259 |
|
|
— |
|
|
11,239 |
|
|
19,498 |
|
Acquisitions—prior year |
(22,095 |
) |
|
(9,821 |
) |
|
882 |
|
|
(31,034 |
) |
Foreign exchange |
9,765 |
|
|
9,573 |
|
|
9,622 |
|
|
28,960 |
|
Balance as of September 30, 2017: |
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Goodwill |
1,012,949 |
|
|
395,578 |
|
|
760,848 |
|
|
2,169,375 |
|
Accumulated impairment losses |
(404,863 |
) |
|
— |
|
|
— |
|
|
(404,863 |
) |
Net |
$ |
608,086 |
|
|
$ |
395,578 |
|
|
$ |
760,848 |
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|
$ |
1,764,512 |
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