LONG-LIVED ASSETS Long-Lived Assets (Tables)

3 Months Ended

Mar. 31, 2020

Property, plant and equipment, net, consisted of the following:


	March 31,		December 31,
	2020		2019
	(in thousands)
Land, buildings and improvements	$	1,204,678	$	1,181,876
Computer equipment and capitalized software	817,022		800,990
Furniture and other equipment	415,349		380,174
Construction in progress	148,853		176,275
	2,585,902		2,539,315
Less accumulated depreciation	1,457,733		1,421,383
	$	1,128,169	$	1,117,932

Gross Carrying Amount and Accumulated Amortization of Definite-Lived Intangible Assets

The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the three months ended March 31, 2020:


	Revenue- generating contracts		Client / vendor relationships		Trademarks and naming rights		Venue management & Leaseholds		Technology		Other ⁽¹⁾		Total
	(in thousands)
Balance as of December 31, 2019:
Gross carrying amount	$	700,557	$	527,490	$	152,935	$	149,586	$	87,338	$	25,219	$	1,643,125
Accumulated amortization	(402,022)		(203,361)		(56,416)		(42,699)		(54,220)		(14,266)		(772,984)
Net	298,535		324,129		96,519		106,887		33,118		10,953		870,141
Gross carrying amount:
Acquisitions—current year	35,808		94,576		160		8,785		112		94		139,535
Acquisitions—prior year	(228)		—		—		(230)		—		—		(458)

Foreign exchange	(19,843)		(23,275)		(5,937)		(3,457)		(1,219)		(314)		(54,045)
Other ⁽²⁾	(12,198)		(83,255)		—		(820)		(1,409)		(1,344)		(99,026)
Net change	3,539		(11,954)		(5,777)		4,278		(2,516)		(1,564)		(13,994)
Accumulated amortization:
Amortization	(27,428)		(20,097)		(4,169)		(4,283)		(6,462)		(1,797)		(64,236)

Foreign exchange	4,786		6,562		991		1,361		1,012		260		14,972
Other ⁽²⁾	12,198		83,255		1		820		1,399		1,348		99,021
Net change	(10,444)		69,720		(3,177)		(2,102)		(4,051)		(189)		49,757
Balance as of March 31, 2020:
Gross carrying amount	704,096		515,536		147,158		153,864		84,822		23,655		1,629,131
Accumulated amortization	(412,466)		(133,641)		(59,593)		(44,801)		(58,271)		(14,455)		(723,227)
Net	$	291,630	$	381,895	$	87,565	$	109,063	$	26,551	$	9,200	$	905,904

______________

⁽¹⁾Other primarily includes intangible assets for non-compete agreements.

⁽²⁾Other primarily includes netdowns of fully amortized or impaired assets.

^[1],[2]

Weighted Average Lives of Additions to Definite-Lived Intangible Assets

The 2020 additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows:


			Weighted- Average Life (years)
Revenue-generating contracts			9
Client/vendor relationships			8
Trademarks and naming rights			5

Technology			1
Venue management and leaseholds			7

All categories			8

Estimate of Amortization Expense for Each of the Five Succeeding Fiscal Years for Definite-Lived Intangible Assets

The following table presents our estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets that exist at March 31, 2020:


	(in thousands)
April 1 - December 31, 2020	$	241,180
2021	$	156,213
2022	$	126,452
2023	$	104,079
2024	$	87,411

Changes in Goodwill by Segment

The following table presents the changes in the carrying amount of goodwill in each of our reportable segments for the three months ended March 31, 2020:


	Concerts		Ticketing		Sponsorship & Advertising		Total
	(in thousands)
Balance as of December 31, 2019:
Goodwill	$	1,226,057	$	766,263	$	441,541	$	2,433,861
Accumulated impairment losses	(435,363)		—		—		(435,363)
Net	790,694		766,263		441,541		1,998,498

Acquisitions—current year	37,968		2,141		—		40,109
Acquisitions—prior year	(5,893)		—		7,165		1,272


Foreign exchange	(23,181)		(3,368)		(13,351)		(39,900)

Balance as of March 31, 2020:
Goodwill	1,234,951		765,036		435,355		2,435,342
Accumulated impairment losses	(435,363)		—		—		(435,363)
Net	$	799,588	$	765,036	$	435,355	$	1,999,979

[1]	⁽¹⁾Other primarily includes intangible assets for non-compete agreements.
[2]	⁽²⁾Other primarily includes netdowns of fully amortized or impaired assets.