| 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, 2014:
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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, 2013: |
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|
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|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
$ |
585,094 |
|
|
$ |
277,937 |
|
|
$ |
137,199 |
|
|
$ |
85,642 |
|
|
$ |
100,664 |
|
|
$ |
28,524 |
|
|
$ |
2,375 |
|
|
$ |
1,217,435 |
|
Accumulated amortization |
(231,053 |
) |
|
(81,809 |
) |
|
(101,128 |
) |
|
(43,687 |
) |
|
(73,110 |
) |
|
(9,092 |
) |
|
(992 |
) |
|
(540,871 |
) |
Net |
354,041 |
|
|
196,128 |
|
|
36,071 |
|
|
41,955 |
|
|
27,554 |
|
|
19,432 |
|
|
1,383 |
|
|
676,564 |
|
Gross carrying amount: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisitions— current year |
— |
|
|
15,000 |
|
|
— |
|
|
— |
|
|
1,231 |
|
|
— |
|
|
— |
|
|
16,231 |
|
Acquisitions— prior year |
— |
|
|
2,598 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2,598 |
|
Foreign exchange |
1,576 |
|
|
1,890 |
|
|
— |
|
|
(137 |
) |
|
(10 |
) |
|
50 |
|
|
— |
|
|
3,369 |
|
Other (1)
|
— |
|
|
(800 |
) |
|
(12,300 |
) |
|
— |
|
|
— |
|
|
— |
|
|
571 |
|
|
(12,529 |
) |
Net change |
1,576 |
|
|
18,688 |
|
|
(12,300 |
) |
|
(137 |
) |
|
1,221 |
|
|
50 |
|
|
571 |
|
|
9,669 |
|
Accumulated amortization: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization |
(12,939 |
) |
|
(9,762 |
) |
|
(3,724 |
) |
|
(1,704 |
) |
|
(5,456 |
) |
|
(894 |
) |
|
(89 |
) |
|
(34,568 |
) |
Foreign exchange |
(520 |
) |
|
(470 |
) |
|
— |
|
|
163 |
|
|
5 |
|
|
(6 |
) |
|
— |
|
|
(828 |
) |
Other (1)
|
— |
|
|
800 |
|
|
12,550 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
13,350 |
|
Net change |
(13,459 |
) |
|
(9,432 |
) |
|
8,826 |
|
|
(1,541 |
) |
|
(5,451 |
) |
|
(900 |
) |
|
(89 |
) |
|
(22,046 |
) |
Balance as of March 31, 2014: |
|
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|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
586,670 |
|
|
296,625 |
|
|
124,899 |
|
|
85,505 |
|
|
101,885 |
|
|
28,574 |
|
|
2,946 |
|
|
1,227,104 |
|
Accumulated amortization |
(244,512 |
) |
|
(91,241 |
) |
|
(92,302 |
) |
|
(45,228 |
) |
|
(78,561 |
) |
|
(9,992 |
) |
|
(1,081 |
) |
|
(562,917 |
) |
Net |
$ |
342,158 |
|
|
$ |
205,384 |
|
|
$ |
32,597 |
|
|
$ |
40,277 |
|
|
$ |
23,324 |
|
|
$ |
18,582 |
|
|
$ |
1,865 |
|
|
$ |
664,187 |
|
_________
|
|
(1) |
Other includes netdowns of fully amortized assets and reclassification of certain assets from indefinite-lived intangible 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 three months ended March 31, 2014:
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|
|
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|
Concerts |
|
Ticketing |
|
Artist
Nation
|
|
Sponsorship
& Advertising
|
|
Total |
|
(in thousands) |
Balance as of December 31, 2013: |
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|
|
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|
|
|
|
Goodwill (1)
|
$ |
505,472 |
|
|
$ |
642,249 |
|
|
$ |
278,923 |
|
|
$ |
310,241 |
|
|
$ |
1,736,885 |
|
Accumulated impairment losses (1)
|
(269,902 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(269,902 |
) |
Net |
235,570 |
|
|
642,249 |
|
|
278,923 |
|
|
310,241 |
|
|
1,466,983 |
|
|
|
|
|
|
|
|
|
|
|
Acquisitions—current year |
1,129 |
|
|
— |
|
|
18,658 |
|
|
— |
|
|
19,787 |
|
Acquisitions—prior year |
2 |
|
|
— |
|
|
1,062 |
|
|
399 |
|
|
1,463 |
|
Foreign exchange |
3,682 |
|
|
(75 |
) |
|
80 |
|
|
1,616 |
|
|
5,303 |
|
|
|
|
|
|
|
|
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|
|
Balance as of March 31, 2014: |
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|
|
|
|
|
|
Goodwill |
510,285 |
|
|
642,174 |
|
|
298,723 |
|
|
312,256 |
|
|
1,763,438 |
|
Accumulated impairment losses |
(269,902 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(269,902 |
) |
Net |
$ |
240,383 |
|
|
$ |
642,174 |
|
|
$ |
298,723 |
|
|
$ |
312,256 |
|
|
$ |
1,493,536 |
|
_________
|
|
(1) |
The previously reported total balance has been reduced by $13.0 million due to the net down of fully impaired goodwill related to the Company’s non-core events business which was sold in 2008.
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