Fixed Asset Impairment

6 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

Fixed Asset Impairment

Fixed Asset Impairment

Fixed assets are evaluated for impairment periodically whenever events or changes in circumstances indicate that related carrying amounts may not be recoverable from undiscounted cash flows in accordance with FASB guidance. The Company’s long-lived assets and liabilities are grouped at the individual club level, which is the lowest level for which there are identifiable cash flows. To the extent that estimated future undiscounted net cash flows attributable to the assets are less than the carrying amount, an impairment charge equal to the difference between the carrying value of such asset and their fair values is recognized.

In the three and six months endedJune 30, 2017 and 2016, the Company has determined that there were no adverse changes in its markets or other triggering events that would cause an evaluation of its assets and as such no impairment charge was recorded.