| 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:
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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: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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. |
|
| 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:
|
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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 |
) |
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 |
|
|