Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.7.0.1
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

The Company’s goodwill was as follows:

 

 

 

U.S.

Operating

Segment

 

 

International

Operating

Segment

 

 

Total

 

Balance at January 1, 2017 (1)

 

$

1,164,163

 

 

$

98,800

 

 

$

1,262,963

 

Acquisitions of theatres (2)

 

 

9,180

 

 

 

22,380

 

 

 

31,560

 

Foreign currency translation adjustments

 

 

 

 

 

(1,596

)

 

 

(1,596

)

Balance at June 30, 2017 (1)

 

$

1,173,343

 

 

$

119,584

 

 

$

1,292,927

 

 

(1)

Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

(2)

Represents preliminary allocations associated with theacquisitions of theatres.

Intangible Assets

Intangible assets consisted of the following:

 

 

 

Balance at

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2017

 

 

Additions (1)

 

 

Amortization

 

 

Other (2)

 

 

2017

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

99,796

 

 

$

2,620

 

 

$

 

 

$

(1,282

)

 

$

101,134

 

Accumulated amortization

 

 

(64,606

)

 

 

 

 

(2,408

)

 

 

1,162

 

 

 

(65,852

)

Total net intangible assets with finite lives

 

$

35,190

 

 

$

2,620

 

 

$

(2,408

)

 

$

(120

)

 

$

35,282

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename

 

 

299,709

 

 

 

 

 

 

20

 

 

 

299,729

 

Total intangible assets — net

 

$

334,899

 

 

$

2,620

 

 

$

(2,408

)

 

$

(100

)

 

$

335,011

 

 

 

(1)

Amount represents preliminary fair values allocated to intangible assets acquired as part of the acquisitions of theatres.

 

(2)

Amounts represent foreign currency translation adjustments and write-off of a fully amortized favorable lease associated with a closed domestic theatre.

Estimated Aggregate Future Amortization Expense for Intangible Assets

Estimated aggregate future amortization expense for intangible assets is as follows:

 

For the six months ended December 31, 2017

 

$

2,796

 

For the twelve months ended December 31, 2018

 

 

5,709

 

For the twelve months ended December 31, 2019

 

 

4,846

 

For the twelve months ended December 31, 2020

 

 

4,740

 

For the twelve months ended December 31, 2021

 

 

2,189

 

Thereafter

 

 

15,002

 

Total

 

$

35,282