Property, Plant and Equipment |
Property, plant and equipment, net, consisted of the following: | | | | | | | | | | | | | | | | | | | | June 30, | | December 31, | | | | 2021 | | 2020 | | | | (in thousands) | | Land, buildings and improvements | | $ | 1,261,289 | | | $ | 1,239,696 | | | Computer equipment and capitalized software | | 912,608 | | | 887,637 | | | Furniture and other equipment | | 421,932 | | | 424,363 | | | Construction in progress | | 146,013 | | | 151,830 | | | | | 2,741,842 | | | 2,703,526 | | | Less: accumulated depreciation | | 1,695,364 | | | 1,602,112 | | | | | $ | 1,046,478 | | | $ | 1,101,414 | | |
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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 six months ended June 30, 2021: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Client / vendor relationships | | Revenue- generating contracts | | Venue management and leaseholds | | Trademarks and naming rights | | Technology | | Other (1) | | Total | | (in thousands) | Balance as of December 31, 2020: | | | | | | | | Gross carrying amount | $ | 496,074 | | | $ | 578,664 | | | $ | 147,956 | | | $ | 150,344 | | | $ | 72,283 | | | $ | 17,413 | | | $ | 1,462,734 | | Accumulated amortization | (146,397) | | | (277,710) | | | (51,924) | | | (73,604) | | | (45,799) | | | (11,700) | | | (607,134) | | Net | 349,677 | | | 300,954 | | | 96,032 | | | 76,740 | | | 26,484 | | | 5,713 | | | 855,600 | | Gross carrying amount: | | | | | | | | | | | Acquisitions—current year | 2,086 | | | — | | | — | | | — | | | 10,296 | | | 2,650 | | | 15,032 | | Acquisitions—prior year | 5,557 | | | — | | | — | | | — | | | — | | | — | | | 5,557 | | | | | | | | | | | | | | | | Foreign exchange | 1,613 | | | (1,817) | | | (440) | | | 399 | | | 173 | | | (4) | | | (76) | | Other (2) | (29,276) | | | (24,497) | | | (631) | | | (2,166) | | | (24,477) | | | (8,234) | | | (89,281) | | Net change | (20,020) | | | (26,314) | | | (1,071) | | | (1,767) | | | (14,008) | | | (5,588) | | | (68,768) | | Accumulated amortization: | | | | | | | | | | | Amortization | (39,051) | | | (33,546) | | | (7,433) | | | (6,968) | | | (10,988) | | | (2,471) | | | (100,457) | | | | | | | | | | | | | | | | Foreign exchange | 536 | | | 1,247 | | | (7) | | | (110) | | | (193) | | | — | | | 1,473 | | Other (2) | 29,276 | | | 24,487 | | | 642 | | | 2,214 | | | 24,579 | | | 8,456 | | | 89,654 | | Net change | (9,239) | | | (7,812) | | | (6,798) | | | (4,864) | | | 13,398 | | | 5,985 | | | (9,330) | | Balance as of June 30, 2021: | | | | | | | | Gross carrying amount | 476,054 | | | 552,350 | | | 146,885 | | | 148,577 | | | 58,275 | | | 11,825 | | | 1,393,966 | | Accumulated amortization | (155,636) | | | (285,522) | | | (58,722) | | | (78,468) | | | (32,401) | | | (5,715) | | | (616,464) | | Net | $ | 320,418 | | | $ | 266,828 | | | $ | 88,163 | | | $ | 70,109 | | | $ | 25,874 | | | $ | 6,110 | | | $ | 777,502 | |
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(1) Other primarily includes intangible assets for non-compete agreements. (2) Other primarily includes netdowns of fully amortized or impaired assets.
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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 six months ended June 30, 2021: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Concerts | | Ticketing | | Sponsorship & Advertising | | | | Total | | (in thousands) | Balance as of December 31, 2020: | | | | | | | | | | Goodwill | $ | 1,318,273 | | | $ | 782,559 | | | $ | 463,734 | | | | | $ | 2,564,566 | | Accumulated impairment losses | (435,363) | | | — | | | — | | | | | (435,363) | | Net | 882,910 | | | 782,559 | | | 463,734 | | | | | 2,129,203 | | | | | | | | | | | | Acquisitions—current year | 1,336 | | | — | | | — | | | | | 1,336 | | Acquisitions—prior year | (1,815) | | | (3,740) | | | 419 | | | | | (5,136) | | | | | | | | | | | | | | | | | | | | | | Foreign exchange | 369 | | | (2,433) | | | (635) | | | | | (2,699) | | | | | | | | | | | | Balance as of June 30, 2021: | | | | | | | | | | Goodwill | 1,318,163 | | | 776,386 | | | 463,518 | | | | | 2,558,067 | | Accumulated impairment losses | (435,363) | | | — | | | — | | | | | (435,363) | | Net | $ | 882,800 | | | $ | 776,386 | | | $ | 463,518 | | | | | $ | 2,122,704 | |
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