| 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, 2013:
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|
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|
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|
|
|
|
|
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|
Revenue-
generating
contracts
|
|
Client /
vendor
relationships
|
|
Non-compete
agreements
|
|
Venue
management
and
leaseholds
|
|
Technology |
|
Trademarks
and
naming
rights
|
|
Other |
|
Total |
|
(in thousands) |
Balance as of December 31, 2012: |
|
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|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
$ |
515,071 |
|
|
$ |
261,655 |
|
|
$ |
168,418 |
|
|
$ |
118,259 |
|
|
$ |
101,424 |
|
|
$ |
18,423 |
|
|
$ |
6,452 |
|
|
$ |
1,189,702 |
|
Accumulated amortization |
(197,549 |
) |
|
(39,807 |
) |
|
(111,369 |
) |
|
(51,891 |
) |
|
(53,295 |
) |
|
(6,678 |
) |
|
(4,650 |
) |
|
(465,239 |
) |
Net |
317,522 |
|
|
221,848 |
|
|
57,049 |
|
|
66,368 |
|
|
48,129 |
|
|
11,745 |
|
|
1,802 |
|
|
724,463 |
|
Gross carrying amount: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisitions |
1,407 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,407 |
|
Foreign exchange |
(7,140 |
) |
|
(11 |
) |
|
(155 |
) |
|
(1,900 |
) |
|
(623 |
) |
|
(574 |
) |
|
(23 |
) |
|
(10,426 |
) |
Other (1) |
(2,767 |
) |
|
— |
|
|
(13,592 |
) |
|
— |
|
|
— |
|
|
805 |
|
|
(3,000 |
) |
|
(18,554 |
) |
|
(8,500 |
) |
|
(11 |
) |
|
(13,747 |
) |
|
(1,900 |
) |
|
(623 |
) |
|
231 |
|
|
(3,023 |
) |
|
(27,573 |
) |
Accumulated amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization |
(11,609 |
) |
|
(11,291 |
) |
|
(5,541 |
) |
|
(3,423 |
) |
|
(5,376 |
) |
|
(886 |
) |
|
(113 |
) |
|
(38,239 |
) |
Foreign exchange |
3,214 |
|
|
(5 |
) |
|
130 |
|
|
542 |
|
|
346 |
|
|
170 |
|
|
20 |
|
|
4,417 |
|
Other (1) |
2,767 |
|
|
— |
|
|
13,843 |
|
|
— |
|
|
— |
|
|
374 |
|
|
3,000 |
|
|
19,984 |
|
|
(5,628 |
) |
|
(11,296 |
) |
|
8,432 |
|
|
(2,881 |
) |
|
(5,030 |
) |
|
(342 |
) |
|
2,907 |
|
|
(13,838 |
) |
Balance as of March 31, 2013: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
506,571 |
|
|
261,644 |
|
|
154,671 |
|
|
116,359 |
|
|
100,801 |
|
|
18,654 |
|
|
3,429 |
|
|
1,162,129 |
|
Accumulated amortization |
(203,177 |
) |
|
(51,103 |
) |
|
(102,937 |
) |
|
(54,772 |
) |
|
(58,325 |
) |
|
(7,020 |
) |
|
(1,743 |
) |
|
(479,077 |
) |
Net |
$ |
303,394 |
|
|
$ |
210,541 |
|
|
$ |
51,734 |
|
|
$ |
61,587 |
|
|
$ |
42,476 |
|
|
$ |
11,634 |
|
|
$ |
1,686 |
|
|
$ |
683,052 |
|
|
| 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, 2013:
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|
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|
|
|
|
|
|
|
|
Concerts |
|
Ticketing |
|
Artist
Nation
|
|
Sponsorship
& Advertising
|
|
Other |
|
Total |
|
(in thousands) |
Balance as of December 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
$ |
468,891 |
|
|
$ |
637,642 |
|
|
$ |
266,820 |
|
|
$ |
254,376 |
|
|
$ |
13,037 |
|
|
$ |
1,640,766 |
|
Accumulated impairment losses |
(269,902 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(13,037 |
) |
|
(282,939 |
) |
|
198,989 |
|
|
637,642 |
|
|
266,820 |
|
|
254,376 |
|
|
— |
|
|
1,357,827 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
3,668 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
3,668 |
|
Acquisitions—prior year |
(12,670 |
) |
|
— |
|
|
7,040 |
|
|
— |
|
|
— |
|
|
(5,630 |
) |
Foreign exchange |
(12,895 |
) |
|
(2,085 |
) |
|
(133 |
) |
|
(12,404 |
) |
|
— |
|
|
(27,517 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2013: |
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
446,994 |
|
|
635,557 |
|
|
273,727 |
|
|
241,972 |
|
|
13,037 |
|
|
1,611,287 |
|
Accumulated impairment losses |
(269,902 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(13,037 |
) |
|
(282,939 |
) |
|
$ |
177,092 |
|
|
$ |
635,557 |
|
|
$ |
273,727 |
|
|
$ |
241,972 |
|
|
$ |
— |
|
|
$ |
1,328,348 |
|
|