| Summary of goodwill |
The
Company’s goodwill was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
U.S.
Operating
Segment
|
|
|
International
Operating
Segment
|
|
|
Total |
|
|
Balance at January 1,
2011 (1)
|
|
$ |
948,026 |
|
|
$ |
174,945 |
|
|
$ |
1,122,971 |
|
|
Acquisition of ten theatres
in Argentina (see Note 5)
|
|
|
— |
|
|
|
43,018 |
|
|
|
43,018 |
|
|
Foreign currency
translation adjustments
|
|
|
— |
|
|
|
(15,352 |
) |
|
|
(15,352 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 31, 2011 (1)
|
|
$ |
948,026 |
|
|
$ |
202,611 |
|
|
$ |
1,150,637 |
|
|
Acquisition of U.S.
theatre
|
|
|
8,971 |
|
|
|
— |
|
|
|
8,971 |
|
|
Foreign currency
translation adjustments
|
|
|
— |
|
|
|
(8,797 |
) |
|
|
(8,797 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 31, 2012 (1)
|
|
$ |
956,997 |
|
|
$ |
193,814 |
|
|
$ |
1,150,811 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
January 1,
2011 |
|
|
Additions
(2) |
|
|
Amortization |
|
|
Other (1) |
|
|
December 31,
2011 |
|
|
Intangible assets with
finite lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying
amount
|
|
$ |
64,319 |
|
|
$ |
14,835 |
|
|
$ |
— |
|
|
$ |
(4,773 |
) |
|
$ |
74,381 |
|
|
Accumulated
amortization
|
|
|
(46,185 |
) |
|
|
— |
|
|
|
(4,579 |
) |
|
|
3,451 |
|
|
|
(47,313 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net intangible assets
with finite lives
|
|
|
18,134 |
|
|
|
14,835 |
|
|
|
(4,579 |
) |
|
|
(1,322 |
) |
|
|
27,068 |
|
|
Intangible assets with
indefinite lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tradename
|
|
|
311,070 |
|
|
|
— |
|
|
|
— |
|
|
|
(1,231 |
) |
|
|
309,839 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets
— net
|
|
$ |
329,204 |
|
|
$ |
14,835 |
|
|
$ |
(4,579 |
) |
|
$ |
(2,553 |
) |
|
$ |
336,907 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31,
2011 |
|
|
Amortization |
|
|
Other (1) |
|
|
December 31,
2012 |
|
|
Intangible assets with
finite lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying
amount
|
|
$ |
74,381 |
|
|
$ |
— |
|
|
$ |
(2,460 |
) |
|
$ |
71,921 |
|
|
Accumulated
amortization
|
|
|
(47,313 |
) |
|
|
(4,611 |
) |
|
|
570 |
|
|
|
(51,354 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net intangible assets
with finite lives
|
|
|
27,068 |
|
|
|
(4,611 |
) |
|
|
(1,890 |
) |
|
|
20,567 |
|
|
Intangible assets with
indefinite lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tradename
|
|
|
309,839 |
|
|
|
— |
|
|
|
335 |
|
|
|
310,174 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets
— net
|
|
$ |
336,907 |
|
|
$ |
(4,611 |
) |
|
$ |
(1,555 |
) |
|
$ |
330,741 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Activity for 2011 includes the write-off of approximately $549
for a vendor contract in Brazil that was terminated and foreign
currency translation adjustments. Activity for 2012 consists of the
write off of favorable leases for theatres that were closed 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, 2013
|
|
$ |
4,199 |
|
|
For the year ended
December 31, 2014
|
|
|
3,644 |
|
|
For the year ended
December 31, 2015
|
|
|
3,351 |
|
|
For the year ended
December 31, 2016
|
|
|
3,128 |
|
|
For the year ended
December 31, 2017
|
|
|
2,498 |
|
|
Thereafter
|
|
|
3,747 |
|
|
|
|
|
|
|
Total
|
|
$ |
20,567 |
|
|
|
|
|
|
|