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, 2013
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, 2013:
 
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:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The 2013 addition to definite-lived intangible assets from acquisitions has a weighted-average life as follows:
  
Weighted-
Average
Life (years)
 
 
Revenue-generating contracts
8
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:
 
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

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 gain or loss recorded.
Divested Asset
 
Segment
 
Gain 
on Disposal of
Operating
Assets
 
Current
Assets
 
Noncurrent
Assets
 
Current
Liabilities
 
Noncurrent
Liabilities
 
 
(in thousands)
2012 Divestiture
 
 
 
 
 
 
 
 
 
 
 
 
Ohio amphitheater
 
Concerts
 
$
444

 
$

 
$
5,400

 
$
444

 
$