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

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)

12 Months Ended

Dec. 31, 2019

The Company’s goodwill was as follows:

	U.S. Operating Segment		International Operating Segment			Total
Balance at December 31, 2017 ⁽¹⁾	$	1,174,041	$	110,038		$	1,284,079
Acquisition of theatres ⁽²⁾		—		7,204			7,204
Foreign currency translation adjustments	—			(14,959	)		(14,959	)
Balance at December 31, 2018 ⁽¹⁾	$	1,174,041	$	102,283		$	1,276,324
Acquisition of theatres ⁽³⁾		8,812		868			9,680
Foreign currency translation adjustments		—		(2,633	)		(2,633	)
Balance at December 31, 2019 ⁽¹⁾	$	1,182,853	$	100,518		$	1,283,371

⁽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⁾	Amount represents preliminary purchase price allocation for theatres acquired in Brazil.

⁽³⁾	Amounts represent acquisition of two theatres in the U.S. and final purchase price adjustment for theatres acquired in Brazil during the year ended December 31, 2018.

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

	Balance at January 1, 2018			Additions ⁽¹⁾		Amortization			Other ⁽²⁾			Balance at December 31, 2018
Intangible assets with finite lives:
Gross carrying amount	$	105,895		$	1,203	$	—		$	(1,842	)	$	105,256
Accumulated amortization		(68,869	)		—		(5,734	)		-			(74,603	)
Total net intangible assets with finite lives	$	37,026		$	1,203	$	(5,734	)	$	(1,842	)	$	30,653
Intangible assets with indefinite lives:
Tradename and other		299,735			853		—			(331	)		300,257
Total intangible assets — net	$	336,761		$	2,056	$	(5,734	)	$	(2,173	)	$	330,910

	Balance at January 1, 2019			Additions ⁽³⁾			Impact of ASC Topic 842 ⁽⁴⁾			Amortization			Other ⁽²⁾			Balance at December 31, 2019
Intangible assets with finite lives:
Gross carrying amount	$	105,256		$	(143	)	$	(4,427	)	$	—		$	(6	)	$	100,680
Accumulated amortization		(74,603	)		—			—			(4,994	)		—			(79,597	)
Total net intangible assets with finite lives	$	30,653		$	(143	)	$	—		$	(4,994	)	$	(6	)	$	21,083
Intangible assets with indefinite lives:
Tradename and other		300,257			492			—			—			(63	)		300,686
Total intangible assets — net	$	330,910		$	349		$	—		$	(4,994	)	$	(69	)	$	321,769

⁽¹⁾	Activity represents preliminary fair values recorded as a result of the acquisition of theatres in Brazil.

⁽²⁾	Amount represents the write-off of fully amortized intangible assets related to non-compete agreements, the acquisition of tradeable liquor licenses, and foreign currency translation adjustments.

⁽³⁾	Amount represents intangible assets recorded as a result of two theatres acquired in the U.S. and final purchase price adjustment for theatres acquired in Brazil during the year ended December 31, 2018.

⁽⁴⁾	See Note 3 for further discussion of the impact of the adoption of ASC Topic 842.

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