Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)

v3.3.1.900
GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)
12 Months Ended
Dec. 31, 2015
Summary of Goodwill

The Company’s goodwill was as follows:

 

     U.S.
Operating
Segment
     International
Operating
Segment
     Total  

Balance at December 31, 2013 (1)

   $ 1,150,471       $ 137,619       $ 1,288,090   

Acquisition of U.S. theatres

     6,085         —           6,085   

Other acquisitions

     —           1,108         1,108   

Foreign currency translation adjustments

     —           (17,900      (17,900
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2014 (1)

   $ 1,156,556       $ 120,827       $ 1,277,383   

Acquisition of Brazil theatre

     —           356         356   

Foreign currency translation adjustments

     —           (30,191      (30,191
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2015 (1)

   $ 1,156,556       $ 90,992       $ 1,247,548   
  

 

 

    

 

 

    

 

 

 

 

(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.

Intangible Assets

As of December 31, intangible assets-net, consisted of the following:

 

     December 31,
2013
    Acquisitions      Amortization     Other (1)     December 31,
2014
 

Intangible assets with finite lives:

           

Gross carrying amount

   $ 101,617      $ 300       $ —        $ (1,995   $ 99,922   

Accumulated amortization

     (46,297     —           (5,947     12        (52,232
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total net intangible assets with finite lives

   $ 55,320      $ 300       $ (5,947   $ (1,983   $ 47,690   

Intangible assets with indefinite lives:

           

Tradename

     300,824        —           —          (490     300,334   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total intangible assets — net

   $ 356,144      $ 300       $ (5,947   $ (2,473   $ 348,024   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

 

     December 31,
2014
    Amortization     Other (2)     December 31,
2015
 

Intangible assets with finite lives:

        

Gross carrying amount

   $ 99,922      $ —        $ 46      $ 99,968   

Accumulated amortization

     (52,232     (5,716     (1,758     (59,706
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net intangible assets with finite lives

   $ 47,690      $ (5,716   $ (1,712   $ 40,262   

Intangible assets with indefinite lives:

        

Tradename

     300,334        —          (952     299,382   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets — net

   $ 348,024      $ (5,716   $ (2,664   $ 339,644   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

Activity for 2014 primarily consists of $479 for impairment of a tradename intangible asset related to one U.S. theatre and foreign currency translation adjustments.

(2) 

Activity for 2015 primarily consists of the write-off of intangible assets for closed theatres, the write-off of a vendor contract intangible asset, $992 for impairment of a favorable lease and foreign currency translation adjustments.

Estimated Aggregate Future Amortization Expense for Intangible Assets

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

 

For the year ended December 31, 2016

   $ 5,389   

For the year ended December 31, 2017

     4,857   

For the year ended December 31, 2018

     4,857   

For the year ended December 31, 2019

     3,977   

For the year ended December 31, 2020

     4,252   

Thereafter

     16,930   
  

 

 

 

Total

   $ 40,262