GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)
|
12 Months Ended |
Dec. 31, 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 December 31, 2015 (1)
|
|
$
|
1,156,556
|
|
|
$
|
90,992
|
|
|
$
|
1,247,548
|
|
Acquisitions of theatres
|
|
|
7,607
|
|
|
—
|
|
|
|
7,607
|
|
Other acquisitions (2)
|
|
—
|
|
|
|
1,410
|
|
|
|
1,410
|
|
Foreign currency translation adjustments
|
|
—
|
|
|
|
6,398
|
|
|
|
6,398
|
|
Balance at December 31, 2016 (1)
|
|
$
|
1,164,163
|
|
|
$
|
98,800
|
|
|
$
|
1,262,963
|
|
Acquisitions of theatres (3)
|
|
|
9,878
|
|
|
|
13,211
|
|
|
|
23,089
|
|
Foreign currency translation adjustments
|
|
|
—
|
|
|
|
(1,973
|
)
|
|
|
(1,973
|
)
|
Balance at December 31, 2017 (1)
|
|
$
|
1,174,041
|
|
|
$
|
110,038
|
|
|
$
|
1,284,079
|
|
(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)
|
Acquisition of screen advertising companies in Central America and Colombia.
|
(3)
|
Acquisition of theatres in the U.S. and international markets.
|
|
Intangible Assets-Net |
As of December 31, intangible assets-net, consisted of the following:
|
|
Balance at
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
|
|
|
|
January 1,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
|
|
2016
|
|
|
Additions (1)
|
|
|
Amortization
|
|
|
Other (2)
|
|
|
2016
|
|
Intangible assets with finite lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount
|
|
$
|
99,968
|
|
|
$
|
503
|
|
|
$
|
—
|
|
|
$
|
(675
|
)
|
|
$
|
99,796
|
|
Accumulated amortization
|
|
|
(59,706
|
)
|
|
―
|
|
|
|
(5,538
|
)
|
|
|
638
|
|
|
|
(64,606
|
)
|
Total net intangible assets with finite lives
|
|
$
|
40,262
|
|
|
$
|
503
|
|
|
$
|
(5,538
|
)
|
|
$
|
(37
|
)
|
|
$
|
35,190
|
|
Intangible assets with indefinite lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tradename
|
|
|
299,382
|
|
|
―
|
|
|
―
|
|
|
|
327
|
|
|
|
299,709
|
|
Total intangible assets — net
|
|
$
|
339,644
|
|
|
$
|
503
|
|
|
$
|
(5,538
|
)
|
|
$
|
290
|
|
|
$
|
334,899
|
|
|
|
Balance at
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
|
|
|
|
January 1,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
|
|
2017
|
|
|
Additions (3)
|
|
|
Amortization
|
|
|
Other (2)
|
|
|
2017
|
|
Intangible assets with finite lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount
|
|
$
|
99,796
|
|
|
$
|
11,584
|
|
|
$
|
—
|
|
|
$
|
(5,485
|
)
|
|
$
|
105,895
|
|
Accumulated amortization
|
|
|
(64,606
|
)
|
|
|
—
|
|
|
|
(5,563
|
)
|
|
|
1,300
|
|
|
|
(68,869
|
)
|
Total net intangible assets with finite lives
|
|
$
|
35,190
|
|
|
$
|
11,584
|
|
|
$
|
(5,563
|
)
|
|
$
|
(4,185
|
)
|
|
$
|
37,026
|
|
Intangible assets with indefinite lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tradename
|
|
|
299,709
|
|
|
|
—
|
|
|
|
—
|
|
|
|
26
|
|
|
|
299,735
|
|
Total intangible assets — net
|
|
$
|
334,899
|
|
|
$
|
11,584
|
|
|
$
|
(5,563
|
)
|
|
$
|
(4,159
|
)
|
|
$
|
336,761
|
|
(1)
|
Activity for 2016 reflects addition of non-compete agreement and favorable lease associated with theatres acquired in the U.S.
|
(2)
|
Amounts represent foreign currency translation adjustments and the write-off of certain lease intangibles for theatre closures and lease amendments.
|
(3)
|
Amounts represent fair values allocated to intangible assets acquired as part of acquisitions of theatres in the U.S. and international markets.
|
|
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, 2018
|
|
$
|
5,725
|
|
For the year ended December 31, 2019
|
|
|
5,267
|
|
For the year ended December 31, 2020
|
|
|
5,535
|
|
For the year ended December 31, 2021
|
|
|
3,685
|
|
For the year ended December 31, 2022
|
|
|
3,280
|
|
Thereafter
|
|
|
13,534
|
|
Total
|
|
$
|
37,026
|
|
|