Quarterly report pursuant to Section 13 or 15(d)

LONG-LIVED ASSETS (Tables)

v2.4.0.8
LONG-LIVED ASSETS (Tables)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 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—current year
22,573

 
4,820

 

 

 
2,806

 
21,200

 

 
51,399

Acquisitions— prior year
(1,028
)
 
(2,833
)
 

 

 

 

 

 
(3,861
)
Dispositions

 
(1,354
)
 

 

 

 

 

 
(1,354
)
Foreign exchange
(43
)
 
(4,805
)
 
33

 
(251
)
 
453

 
125

 
(34
)
 
(4,522
)
Other (1)
(15,419
)
 
(1,771
)
 
(18,157
)
 
(25,000
)
 

 
405

 
(3,031
)
 
(62,973
)
Net change
6,083

 
(5,943
)
 
(18,124
)
 
(25,251
)
 
3,259

 
21,730

 
(3,065
)
 
(21,311
)
Accumulated amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
(36,018
)
 
(34,088
)
 
(16,745
)
 
(16,310
)
 
(17,687
)
 
(3,247
)
 
(356
)
 
(124,451
)
Dispositions

 
61

 

 

 

 

 

 
61

Foreign exchange
260

 
776

 
(30
)
 
165

 
(355
)
 
(103
)
 
31

 
744

Other (1)
15,419

 
1,771

 
18,908

 
25,000

 

 
775

 
3,031

 
64,904

Net change
(20,339
)
 
(31,480
)
 
2,133

 
8,855

 
(18,042
)
 
(2,575
)
 
2,706

 
(58,742
)
Balance as of September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
521,154

 
255,712

 
150,294

 
93,008

 
104,683

 
40,153

 
3,387

 
1,168,391

Accumulated amortization
(217,888
)
 
(71,287
)
 
(109,236
)
 
(43,036
)
 
(71,337
)
 
(9,253
)
 
(1,944
)
 
(523,981
)
Net
$
303,266

 
$
184,425

 
$
41,058

 
$
49,972

 
$
33,346

 
$
30,900

 
$
1,443

 
$
644,410


_________
(1)
Other includes a reclassification from indefinite-lived intangible assets due to a change in the asset’s estimated useful life and netdowns of fully amortized or impaired assets.
Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The 2013 additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows:
  
Weighted-
Average
Life (years)
 
 
Revenue-generating contracts
7
Client/vendor relationships
8
Technology
3
Trademarks and naming rights
10
All categories
8
Changes in Goodwill by Segment
The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments for the nine months ended September 30, 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
)
                 Net
198,989

 
637,642

 
266,820

 
254,376

 

 
1,357,827

 
 
 
 
 
 
 
 
 
 
 
 
Acquisitions—current year
28,356

 

 

 
8,993

 

 
37,349

Acquisitions—prior year
(2,811
)
 

 
9,328

 

 

 
6,517

Dispositions
(3,691
)
 

 
(251
)
 

 

 
(3,942
)
Foreign exchange
(3,031
)
 
1,613

 
(122
)
 
1,260

 

 
(280
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of September 30, 2013:
 
 
 
 
 
 
 
 
 
 
Goodwill
487,714

 
639,255

 
275,775

 
264,629

 
13,037

 
1,680,410

Accumulated impairment losses
(269,902
)
 

 

 

 
(13,037
)
 
(282,939
)
                 Net
$
217,812

 
$
639,255

 
$
275,775

 
$
264,629

 
$

 
$
1,397,471

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 sale for significant disposals 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)
2013 Divestiture
 
 
 
 
 
 
 
 
 
 
 
 
New York theatrical theater
 
Concerts
 
$
(28,880
)
 
$

 
$
35,785

 
$

 
$
3,636

2012 Divestiture
 
 
 
 
 
 
 
 
 
 
 
 
Ohio amphitheater
 
Concerts
 
$
(444
)
 
$

 
$
5,400

 
$
444

 
$