Cinemark Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)

12 Months Ended

Dec. 31, 2017

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.

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 is as follows: