Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

11.

Goodwill and Other Intangible Assets

A summary of the Company's goodwill is as follows:


	U.S. Operating Segment		International Operating Segment		Total
Balance at January 1, 2023 (1)	$	1,182.9	$	68.0	$	1,250.9
Foreign currency translation adjustments		—		5.0		5.0
Balance at June 30, 2023 (1)	$	1,182.9	$	73.0	$	1,255.9

(1)

Balances are presented net of accumulated impairment losses of $214.0 for the U.S. operating segment and $43.8 for the international operating segment. See discussion of the qualitative impairment analysis performed by the Company as of June 30, 2023 at Note 12.

A summary of the Company's intangible assets is as follows:


	Balance at January 1, 2023			Additions (1)		Amortization			Foreign Currency Translation Adjustments and Other (2)		Balance at June 30, 2023
Intangible assets with finite lives:
Gross carrying amount	$	77.7		$	—	$	—		$	—	$	77.7
Accumulated amortization		(73.2	)		—		(1.0	)		—		(74.2	)
Total net intangible assets with finite lives	$	4.5		$	—	$	(1.0	)	$	—	$	3.5

Intangible assets with indefinite lives:
Tradename and other		300.1			0.1		—			0.2		300.4
Total intangible assets, net	$	304.6		$	0.1	$	(1.0	)	$	0.2	$	303.9

(1) Amount represents licenses acquired to sell alcoholic beverages for certain theatres.

(2) Includes foreign currency translation adjustments and the write-off of liquor licenses for closed theatres.

The estimated aggregate future amortization expense for intangible assets is as follows:


	Estimated
	Amortization
For the six months ended December 31, 2023	$	1.0
For the twelve months ended December 31, 2024		2.0
For the twelve months ended December 31, 2025		0.5
Total	$	3.5