Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.10.0.1
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2018
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 January 1, 2018 (1)

 

$

1,174,041

 

 

$

110,038

 

 

$

1,284,079

 

Acquisition of theatres in Brazil (2)

 

 

 

 

 

9,732

 

 

 

9,732

 

Foreign currency translation adjustments

 

 

 

 

 

(17,011

)

 

 

(17,011

)

Balance at September 30, 2018 (1)

 

$

1,174,041

 

 

$

102,759

 

 

$

1,276,800

 

 

 

(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.

Intangible Assets

Intangible assets consisted of the following:

 

 

 

Balance at

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2018

 

 

Additions (1)

 

 

Amortization

 

 

Other (2)

 

 

2018

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

105,895

 

 

$

 

 

$

 

 

$

(2,049

)

 

$

103,846

 

Accumulated amortization

 

 

(68,869

)

 

 

 

 

(4,204

)

 

 

 

 

(73,073

)

Total net intangible assets with finite lives

 

$

37,026

 

 

$

 

 

$

(4,204

)

 

$

(2,049

)

 

$

30,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

299,735

 

 

 

791

 

 

 

 

 

(361

)

 

 

300,165

 

Total intangible assets — net

 

$

336,761

 

 

$

791

 

 

$

(4,204

)

 

$

(2,410

)

 

$

330,938

 

 

 

(1)

Amount represents the acquisition of tradeable liquor licenses.

 

(2)

Amount represents 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 three months ended December 31, 2018

 

$

1,356

 

For the twelve months ended December 31, 2019

 

 

5,124

 

For the twelve months ended December 31, 2020

 

 

5,255

 

For the twelve months ended December 31, 2021

 

 

3,546

 

For the twelve months ended December 31, 2022

 

 

3,190

 

Thereafter

 

 

12,302

 

Total

 

$

30,773