Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets - Net (Tables)

v2.4.0.6
Goodwill and Other Intangible Assets - Net (Tables)
12 Months Ended
Dec. 31, 2011
Impairment of Long-Lived Assets [Abstract]  
Summary of goodwill
                         
    U.S.
Operating
Segment
    International
Operating
Segment
    Total  

Balance January 1, 2010 (1)

  $ 948,026     $ 168,276     $ 1,116,302  

Foreign currency translation adjustments

    —         6,669       6,669  
   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2010 (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  
   

 

 

   

 

 

   

 

 

 

 

(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
                                 
    January 1,
2010
    Amortization     Other (1)     December 31,
2010
 

Intangible assets with finite lives:

                               

Gross carrying amount

  $ 82,984     $ —       $ (18,665   $ 64,319  

Accumulated amortization

    (50,466     (5,126     9,407       (46,185
   

 

 

   

 

 

   

 

 

   

 

 

 

Total net intangible assets with finite lives

    32,518       (5,126     (9,258     18,134  

Intangible assets with indefinite lives:

                               

Tradename

    310,480       —         590       311,070  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets — net

  $ 342,998     $ (5,126   $ (8,668   $ 329,204  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                         
    December 31,
2010
    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  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

Activity for 2010 includes a write-off of approximately $5,814 for a vendor contract in Mexico that was terminated, approximately $2,294 related to the Company’s original IMAX license agreement that was terminated, impairment charges of approximately $1,527 and foreign currency translation adjustments. Activity for 2011 includes the write-off of approximately $549 for a vendor contract in Brazil that was terminated and foreign currency translation adjustments.

(2) 

See Note 5.

Estimated aggregate future amortization expense for intangible assets
         

For the year ended December 31, 2012

  $ 4,716  

For the year ended December 31, 2013

    4,536  

For the year ended December 31, 2014

    3,978  

For the year ended December 31, 2015

    3,660  

For the year ended December 31, 2016

    3,429  

Thereafter

    6,749  
   

 

 

 

Total

  $ 27,068