Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)

v3.8.0.1
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