Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS (Long-Lived Assets) (Tables)

v3.21.2
LONG-LIVED ASSETS (Long-Lived Assets) (Tables)
 9 Months Ended
Sep. 30, 2021
LONG-LIVED ASSETS [Abstract]  
Property, Plant and Equipment Property, plant and equipment, net, consisted of the following:
September 30, 2021 December 31, 2020
(in thousands)
    Land, buildings and improvements $ 1,292,025  $ 1,239,696 
    Computer equipment and capitalized software 901,725  887,637 
    Furniture and other equipment 423,517  424,363 
    Construction in progress 149,184  151,830 
2,766,451  2,703,526 
    Less: accumulated depreciation 1,724,597  1,602,112 
$ 1,041,854  $ 1,101,414 
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, 2021:

Client /
vendor
relationships		 Revenue-
generating
contracts		 Venue management and leaseholds Trademarks
and
naming
rights		 Technology
Other (1)
Total
(in thousands)
Balance as of December 31, 2020:
Gross carrying amount
 $ 496,074  $ 578,664  $ 147,956  $ 150,344  $ 72,283  $ 17,413  $ 1,462,734 
Accumulated amortization
 (146,397) (277,710) (51,924) (73,604) (45,799) (11,700) (607,134)
Net 349,677  300,954  96,032  76,740  26,484  5,713  855,600 
Gross carrying amount:
Acquisitions—current year
 15,308  —  —  —  10,407  2,650  28,365 
Acquisitions—prior year
 5,558  —  —  —  —  —  5,558 
Foreign exchange (4,658) (10,249) (1,716) (1,448) 158  2  (17,911)
Other (2)
(31,454) (35,846) (19,954) (8,790) (29,272) (9,335) (134,651)
Net change (15,246) (46,095) (21,670) (10,238) (18,707) (6,683) (118,639)
Accumulated amortization:
Amortization
(55,420) (49,813) (11,444) (11,106) (15,357) (3,448) (146,588)
Foreign exchange 2,396  4,427  556  521  (189) (4) 7,707 
Other (2)
31,454  34,709  19,969  8,632  29,936  9,496  134,196 
Net change (21,570) (10,677) 9,081  (1,953) 14,390  6,044  (4,685)
Balance as of September 30, 2021:
Gross carrying amount
 480,828  532,569  126,286  140,106  53,576  10,730  1,344,095 
Accumulated amortization
 (167,967) (288,387) (42,843) (75,557) (31,409) (5,656) (611,819)
Net $ 312,861  $ 244,182  $ 83,443  $ 64,549  $ 22,167  $ 5,074  $ 732,276 

(1) Other primarily includes intangible assets for non-compete agreements.     
(2) Other primarily includes netdowns of fully amortized or impaired assets.
[1],[2]
Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The 2021 additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows:
Weighted-
Average
Life (years)
Client/vendor relationships 5
Non-compete agreements 2
All categories 4
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 nine months ended September 30, 2021:
Concerts Ticketing Sponsorship
& Advertising		 Total
(in thousands)
Balance as of December 31, 2020:
Goodwill $ 1,318,273  $ 782,559  $ 463,734  $ 2,564,566 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net 882,910  782,559  463,734  2,129,203 
Acquisitions—current year 5,947  —  —  5,947 
Acquisitions—prior year (1,817) (3,888) 419  (5,286)
Dispositions (150) —  —  (150)
Foreign exchange (9,541) (4,791) (5,663) (19,995)
Balance as of September 30, 2021:
Goodwill 1,312,712  773,880  458,490  2,545,082 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net $ 877,349  $ 773,880  $ 458,490  $ 2,109,719 
[1] Other primarily includes intangible assets for non-compete agreements.
[2] Other primarily includes netdowns of fully amortized or impaired assets.