XML 32 R19.htm IDEA: XBRL DOCUMENT v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS - NET
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS - NET
10.
GOODWILL AND INTANGIBLE ASSETS, NET

The Company’s goodwill was as follows:

 

 

 

U.S.
Operating
Segment

 

 

International
Operating
Segment

 

 

Total

 

Balance at December 31, 2019 (1)

 

$

1,182,853

 

 

$

100,518

 

 

$

1,283,371

 

Impairment (2)

 

 

—

 

 

 

(16,128

)

 

 

(16,128

)

Foreign currency translation adjustments

 

 

—

 

 

 

(13,403

)

 

 

(13,403

)

Balance at December 31, 2020 (3)

 

$

1,182,853

 

 

$

70,987

 

 

$

1,253,840

 

Foreign currency translation adjustments

 

 

—

 

 

 

(5,049

)

 

 

(5,049

)

Balance at December 31, 2021 (3)

 

$

1,182,853

 

 

$

65,938

 

 

$

1,248,791

 
(1)
Balances are presented net of historical accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.
(2)
See Note 11 for discussion of impairment evaluations performed during the year ended December 31, 2020.
(3)
Balances are presented net of historical accumulated impairment losses of $214,031 for the U.S. operating segment and $43,750 for the international operating segment.

Intangible assets activity and balances consisted of the following for the periods indicated:

 

 

Balance at January 1, 2020

 

 

Amortization

 

 

Other (1)

 

 

Balance at December 31, 2020

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

84,953

 

 

$

—

 

 

$

(2,521

)

 

$

82,432

 

Accumulated amortization

 

 

(63,870

)

 

 

(4,746

)

 

 

200

 

 

 

(68,416

)

Total intangible assets with finite lives, net

 

$

21,083

 

 

$

(4,746

)

 

$

(2,321

)

 

$

14,016

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300,686

 

 

 

—

 

 

 

(507

)

 

 

300,179

 

Total intangible assets, net

 

$

321,769

 

 

$

(4,746

)

 

$

(2,828

)

 

$

314,195

 

 

 

 

Balance at January 1, 2021

 

 

Additions (2)

 

 

Amortization

 

 

Other (3)

 

 

Balance at December 31, 2021

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

82,432

 

 

$

—

 

 

$

—

 

 

$

(665

)

 

$

81,767

 

Accumulated amortization

 

 

(68,416

)

 

 

—

 

 

 

(2,639

)

 

 

—

 

 

 

(71,055

)

Total net intangible assets with finite lives

 

$

14,016

 

 

$

—

 

 

$

(2,639

)

 

$

(665

)

 

$

10,712

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300,179

 

 

 

146

 

 

 

—

 

 

 

(194

)

 

 

300,131

 

Total intangible assets, net

 

$

314,195

 

 

$

146

 

 

$

(2,639

)

 

$

(859

)

 

$

310,843

 
(1)
Includes the write-off of fully amortized intangible assets, foreign currency translation adjustments and impairment recorded related to a previously acquired theatre leasehold interest in Brazil. See Note 11 for discussion of impairment evaluations performed during the year ended December 31, 2020.
(2)
Amount represents licenses acquired to sell alcohol beverage for certain theatres.
(3)
Includes foreign currency translation adjustments and impairment recorded related to a previously acquired theatre leasehold interest in Brazil. See Note 11 for discussion of impairment evaluations performed during the year ended December 31, 2021.

Estimated aggregate future amortization expense for intangible assets is as follows:

Year ended December 31, 2022

 

$

2,468

 

Year ended December 31, 2023

 

 

2,416

 

Year ended December 31, 2024

 

 

2,416

 

Year ended December 31, 2025

 

 

1,898

 

Year ended December 31, 2026

 

 

1,514

 

Total

 

$

10,712