| 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 three months ended March 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue-
generating
contracts
|
|
Client /
vendor
relationships
|
|
Trademarks
and
naming
rights
|
|
Technology |
|
Other (1)
|
|
Total |
|
(in thousands) |
Balance as of December 31, 2018: |
|
|
|
|
|
|
|
|
Gross carrying amount |
$ |
692,963 |
|
|
$ |
393,772 |
|
|
$ |
123,707 |
|
|
$ |
85,411 |
|
|
$ |
120,163 |
|
|
$ |
1,416,016 |
|
Accumulated amortization |
(391,002 |
) |
|
(213,599 |
) |
|
(41,808 |
) |
|
(38,826 |
) |
|
(69,330 |
) |
|
(754,565 |
) |
Net |
301,961 |
|
|
180,173 |
|
|
81,899 |
|
|
46,585 |
|
|
50,833 |
|
|
661,451 |
|
Gross carrying amount: |
|
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
13,432 |
|
|
7,801 |
|
|
1,632 |
|
|
1,466 |
|
|
16,120 |
|
|
40,451 |
|
Foreign exchange |
516 |
|
|
(271 |
) |
|
241 |
|
|
425 |
|
|
299 |
|
|
1,210 |
|
Other (2)
|
(13,109 |
) |
|
(13,000 |
) |
|
— |
|
|
(605 |
) |
|
— |
|
|
(26,714 |
) |
Net change |
839 |
|
|
(5,470 |
) |
|
1,873 |
|
|
1,286 |
|
|
16,419 |
|
|
14,947 |
|
Accumulated amortization: |
|
|
|
|
|
|
|
|
|
|
Amortization |
(17,909 |
) |
|
(15,237 |
) |
|
(3,406 |
) |
|
(5,867 |
) |
|
(4,821 |
) |
|
(47,240 |
) |
Foreign exchange |
(478 |
) |
|
(7 |
) |
|
(37 |
) |
|
(239 |
) |
|
(233 |
) |
|
(994 |
) |
Other (2)
|
13,064 |
|
|
13,000 |
|
|
(51 |
) |
|
606 |
|
|
29 |
|
|
26,648 |
|
Net change |
(5,323 |
) |
|
(2,244 |
) |
|
(3,494 |
) |
|
(5,500 |
) |
|
(5,025 |
) |
|
(21,586 |
) |
Balance as of March 31, 2019: |
|
|
|
|
|
|
|
|
Gross carrying amount |
693,802 |
|
|
388,302 |
|
|
125,580 |
|
|
86,697 |
|
|
136,582 |
|
|
1,430,963 |
|
Accumulated amortization |
(396,325 |
) |
|
(215,843 |
) |
|
(45,302 |
) |
|
(44,326 |
) |
|
(74,355 |
) |
|
(776,151 |
) |
Net |
$ |
297,477 |
|
|
$ |
172,459 |
|
|
$ |
80,278 |
|
|
$ |
42,371 |
|
|
$ |
62,227 |
|
|
$ |
654,812 |
|
______________
(1) Other primarily includes intangible assets for non-compete, venue management and leasehold agreements.
(2) Other primarily 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 our reportable segments for the three months ended March 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Concerts |
|
Ticketing |
|
Sponsorship
& Advertising
|
|
Total |
|
(in thousands) |
Balance as of December 31, 2018: |
|
|
|
|
|
|
|
Goodwill |
$ |
1,094,604 |
|
|
$ |
762,953 |
|
|
$ |
400,749 |
|
|
$ |
2,258,306 |
|
Accumulated impairment losses |
(435,363 |
) |
|
— |
|
|
— |
|
|
(435,363 |
) |
Net |
659,241 |
|
|
762,953 |
|
|
400,749 |
|
|
1,822,943 |
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
10,895 |
|
|
3,810 |
|
|
— |
|
|
14,705 |
|
Acquisitions—prior year |
2,914 |
|
|
— |
|
|
— |
|
|
2,914 |
|
Foreign exchange |
(81 |
) |
|
(1,030 |
) |
|
1,783 |
|
|
672 |
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2019: |
|
|
|
|
|
|
|
Goodwill |
1,108,332 |
|
|
765,733 |
|
|
402,532 |
|
|
2,276,597 |
|
Accumulated impairment losses |
(435,363 |
) |
|
— |
|
|
— |
|
|
(435,363 |
) |
Net |
$ |
672,969 |
|
|
$ |
765,733 |
|
|
$ |
402,532 |
|
|
$ |
1,841,234 |
|
|