Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS (Tables)

v2.4.0.6
LONG-LIVED ASSETS (Tables)
 3 Months Ended
Mar. 31, 2012
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 three months ended March 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
Venue
 
 
 
 
 
Trademarks
 
 
 
 
 
 
 
 
Revenue-
 
 
Client /
 
 
 
 
 
management
 
 
 
 
 
and
 
 
 
 
 
 
 
 
generating
 
 
vendor
 
 
Non-compete
 
 
and
 
 
 
 
 
naming
 
 
 
 
 
 
 
 
contracts
 
 
relationships
 
 
agreements
 
 
leaseholds
 
 
Technology
 
 
rights
 
 
Other
 
 
Total
 
 
(in thousands)
 
Balance as of December 31, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
 
$
542,426
 
 
$
330,575
 
 
$
171,765
 
 
$
116,772
 
 
$
103,337
 
 
$
24,517
 
 
$
6,426
 
 
$
1,295,818
 
Accumulated amortization
 
 
(170,889
 )
 
 
(66,548
 )
 
 
(93,464
 )
 
 
(39,017
 )
 
 
(31,812
 )
 
 
(16,202
 )
 
 
(4,174
 )
 
 
(422,106
 )
Net
 
 
371,537
 
 
 
264,027
 
 
 
78,301
 
 
 
77,755
 
 
 
71,525
 
 
 
8,315
 
 
 
2,252
 
 
 
873,712
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisitions
 
 
8,688
 
 
 
1,837
 
 
 
-
 
 
 
-
 
 
 
(2,586
 )
 
 
-
 
 
 
-
 
 
 
7,939
 
Foreign exchange
 
 
4,976
 
 
 
11
 
 
 
171
 
 
 
1,281
 
 
 
596
 
 
 
306
 
 
 
25
 
 
 
7,366
 
 
 
13,664
 
 
 
1,848
 
 
 
171
 
 
 
1,281
 
 
 
(1,990
 )
 
 
306
 
 
 
25
 
 
 
15,305
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization expense
 
 
(14,569
 )
 
 
(10,607
 )
 
 
(6,614
 )
 
 
(2,192
 )
 
 
(5,260
 )
 
 
(579
 )
 
 
(112
 )
 
 
(39,933
 )
Foreign exchange
 
 
(2,396
 )
 
 
(7
 )
 
 
146
 
 
 
(312
 )
 
 
(176
 )
 
 
(177
 )
 
 
(15
 )
 
 
(2,937
 )
 
 
(16,965
 )
 
 
(10,614
 )
 
 
(6,468
 )
 
 
(2,504
 )
 
 
(5,436
 )
 
 
(756
 )
 
 
(127
 )
 
 
(42,870
 )
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of March 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
 
 
556,090
 
 
 
332,423
 
 
 
171,936
 
 
 
118,053
 
 
 
101,347
 
 
 
24,823
 
 
 
6,451
 
 
 
1,311,123
 
Accumulated amortization
 
 
(187,854
 )
 
 
(77,162
 )
 
 
(99,932
 )
 
 
(41,521
 )
 
 
(37,248
 )
 
 
(16,958
 )
 
 
(4,301
 )
 
 
(464,976
 )
Net
 
$
368,236
 
 
$
255,261
 
 
$
72,004
 
 
$
76,532
 
 
$
64,099
 
 
$
7,865
 
 
$
2,150
 
 
$
846,147
 
Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The 2012 additions to definite-lived intangible assets have weighted average lives as follows:
 
 
Weighted
 
 
Average
 
 
Life (years)
 
 
 
 
Revenue-generating contracts
 
 
15
 
Client/vendor relationships
 
 
7
 
Technology
 
 
7
 
 
 
 
 
All categories
 
 
13
 
Changes in Goodwill by Segment
The following table presents the changes in the carrying amount of goodwill in each of the Company's segments for the three months ended March 31, 2012:
 
 
Artist
Sponsorship
Concerts
Ticketing
Nation
eCommerce
& Advertising
Other
Total
(in thousands)
Balance as of December 31, 2011
Goodwill
$
387,188
$
577,131
$
262,158
$
224,562
$
76,507
$
13,037
$
1,540,583
Accumulated impairment losses
(269,902
 )
-
-
-
-
(13,037
 )
(282,939
 )
117,286
577,131
262,158
224,562
76,507
-
1,257,644
Recast balances (1):
Fair Value Approach
-
47,086
-
(214,927
 )
167,841
-
-
    Specific allocation
-
9,635
-
(9,635
 )
-
-
-
Recast Balance as of January 1, 2012:
Goodwill
387,188
633,852
262,158
-
244,348
13,037
1,540,583
Accumulated impairment losses
(269,902
 )
-
-
-
-
(13,037
 )
(282,939
 )
117,286
633,852
262,158
-
244,348
-
1,257,644
Acquisitions - prior year
-
2,380
(735
 )
-
-
-
1,645
Foreign exchange
9,324
(751
 )
(33
 )
-
9,903
-
18,443
Balance as of March 31, 2012:
Goodwill
396,512
635,481
261,390
-
254,251
13,037
1,560,671
Accumulated impairment losses
(269,902
 )
-
-
-
-
(13,037
 )
(282,939
 )
$
126,610
$
635,481
$
261,390
$
-
$
254,251
$
-
$
1,277,732
 
(1)
The beginning balance for the eCommerce segment has been recast to allocate goodwill to the Ticketing and Sponsorship & Advertising segments. The total consolidated amount remains unchanged.
Asset and Liability Values at the Time of Disposal and the Resulting Gain or Loss Recorded
The table below summarizes the asset and liability values at the time of disposal and the resulting loss or gain recorded.
 
Divested Asset
 
 Segment
 
Gain (Loss) on Sale
 
 
Current Assets
 
 
Noncurrent Assets
 
 
Current Liabilities
 
 
Noncurrent Liabilities
 
 
 
(in thousands)
 
2012 Divestiture
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ohio Amphitheater
 
Concerts
 
$
444
 
 
$
-
 
 
$
5,400
 
 
$
444
 
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2011 Divestiture
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Artist management company
 
Artist Nation
 
$
(1,264
 )
 
$
3
 
 
$
4,153
 
 
$
119
 
 
$
-