Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.8.0.1
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
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, 2017 (1)

 

$

1,164,163

 

 

$

98,800

 

 

$

1,262,963

 

Acquisitions of theatres (2)

 

 

9,878

 

 

 

20,401

 

 

 

30,279

 

Foreign currency translation adjustments

 

 

 

 

 

1,100

 

 

 

1,100

 

Balance at September 30, 2017 (1)

 

$

1,174,041

 

 

$

120,301

 

 

$

1,294,342

 

 

 

(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)

Represents preliminary purchase price allocations associated with the acquisitions of theatres.

Intangible Assets

Intangible assets consisted of the following:

 

 

 

Balance at

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

 

January 1,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

 

2017

 

 

Additions (1)

 

 

Amortization

 

 

Other (2)

 

 

2017

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

99,796

 

 

$

4,453

 

 

$

 

 

$

(1,332

)

 

$

102,917

 

Accumulated amortization

 

 

(64,606

)

 

 

 

 

(3,606

)

 

 

1,162

 

 

 

(67,050

)

Total net intangible assets with finite     lives

 

$

35,190

 

 

$

4,453

 

 

$

(3,606

)

 

$

(170

)

 

$

35,867

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename

 

 

299,709

 

 

 

 

 

 

 

81

 

 

 

299,790

 

Total intangible assets — net

 

$

334,899

 

 

$

4,453

 

 

$

(3,606

)

 

$

(89

)

 

$

335,657

 

 

 

(1)

Amount represents preliminary fair values allocated to intangible assets acquired as part of the acquisitions of theatres.  

 

(2)

Amounts represent foreign currency translation adjustments and the write-off of a favorable lease associated with a closed domestic theatre.

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, 2017

 

$

1,668

 

For the twelve months ended December 31, 2018

 

 

5,964

 

For the twelve months ended December 31, 2019

 

 

5,101

 

For the twelve months ended December 31, 2020

 

 

4,995

 

For the twelve months ended December 31, 2021

 

 

2,444

 

Thereafter

 

 

15,695

 

Total

 

$

35,867