Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS (Tables)

v2.4.0.6
LONG-LIVED ASSETS (Tables)
 6 Months Ended
Jun. 30, 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 six months ended June 30, 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
 
 
27,208
 
 
 
56,322
 
 
 
3,000
 
 
 
-
 
 
 
(2,586
 )
 
 
167
 
 
 
-
 
 
 
84,111
 
Foreign exchange and other (1)
 
 
(31,735
 )
 
 
(10,969
 )
 
 
(138
 )
 
 
(20
 )
 
 
(545
 )
 
 
(151
 )
 
 
(6
 )
 
 
(43,564
 )
 
 
(4,527
 )
 
 
45,353
 
 
 
2,862
 
 
 
(20
 )
 
 
(3,131
 )
 
 
16
 
 
 
(6
 )
 
 
40,547
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization expense
 
 
(38,180
 )
 
 
(26,452
 )
 
 
(13,229
 )
 
 
(5,618
 )
 
 
(10,572
 )
 
 
(1,319
 )
 
 
(225
 )
 
 
(95,595
 )
Foreign exchange and other (1)
 
 
29,729
 
 
 
9,225
 
 
 
600
 
 
 
9
 
 
 
211
 
 
 
72
 
 
 
5
 
 
 
39,851
 
 
 
(8,451
 )
 
 
(17,227
 )
 
 
(12,629
 )
 
 
(5,609
 )
 
 
(10,361
 )
 
 
(1,247
 )
 
 
(220
 )
 
 
(55,744
 )
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of June 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
 
 
537,899
 
 
 
375,928
 
 
 
174,627
 
 
 
116,752
 
 
 
100,206
 
 
 
24,533
 
 
 
6,420
 
 
 
1,336,365
 
Accumulated amortization
 
 
(179,340
 )
 
 
(83,775
 )
 
 
(106,093
 )
 
 
(44,626
 )
 
 
(42,173
 )
 
 
(17,449
 )
 
 
(4,394
 )
 
 
(477,850
 )
Net
 
$
358,559
 
 
$
292,153
 
 
$
68,534
 
 
$
72,126
 
 
$
58,033
 
 
$
7,084
 
 
$
2,026
 
 
$
858,515
 

(1)
Other includes netdowns of impaired assets as discussed below.
 
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
10
Client/vendor relationships
9
Non-compete agreements
3
Technology
7
Trademarks and naming rights
8
All categories
9
 
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 six months ended June 30, 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 - current year
 
 
57,462
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
57,462
 
Acquisitions - prior year
 
 
-
 
 
 
2,380
 
 
 
(636
 )
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,744
 
Foreign exchange
 
 
324
 
 
 
(4,748
 )
 
 
(61
 )
 
 
-
 
 
 
1,435
 
 
 
-
 
 
 
(3,050
 )
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of June 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
 
444,974
 
 
 
631,484
 
 
 
261,461
 
 
 
-
 
 
 
245,783
 
 
 
13,037
 
 
 
1,596,739
 
Accumulated impairment losses
 
 
(269,902
 )
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(13,037
 )
 
 
(282,939
 )
 
$
175,072
 
 
$
631,484
 
 
$
261,461
 
 
$
-
 
 
$
245,783
 
 
$
-
 
 
$
1,313,800
 
 
(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 of Operating Assets 
 
 
Current
Assets
 
 
Noncurrent Assets
 
 
Current Liabilities
 
 
Noncurrent Liabilities
 
 
 
(in thousands)
 
2012 Divestiture
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ohio amphitheater
 
Concerts
 
$
444
 
 
$
-
 
 
$
5,400
 
 
$
444
 
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2011 Divestiture
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Selma amphitheater
 
Concerts
 
$
809
 
 
$
-
 
 
$
3,194
 
 
$
-
 
 
$
-
 
Artist management company
 
Artist Nation
 
$
(1,241
 )
 
$
(70
 )
 
$
4,140
 
 
$
128
 
 
$
-