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Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

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

 

Disposition (2)

 

$

—

 

 

$

(4.2

)

 

$

(4.2

)

Foreign currency translation adjustments

 

 

—

 

 

 

2.3

 

 

 

2.3

 

Balance at September 30, 2023 (1)

 

$

1,182.9

 

 

$

66.1

 

 

$

1,249.0

 
(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 September 30, 2023 at Note 12.
(2)
Relates to the sale of the Company’s Ecuador subsidiary. See Note 6.

Intangible Assets

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

 

 

Balance at
January 1, 2023

 

Additions (1)

 

Disposals (2)

 

Amortization

 

Foreign Currency Translation Adjustments and Other (3)

 

Balance at September 30, 2023

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

77.7

 

$

—

 

$

—

 

$

—

 

$

0.1

 

$

77.8

 

Accumulated amortization

 

 

(73.2

)

 

—

 

 

—

 

 

(1.6

)

 

—

 

 

(74.8

)

Total net intangible assets with finite lives

 

$

4.5

 

$

—

 

$

—

 

$

(1.6

)

$

0.1

 

$

3.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300.1

 

 

0.2

 

 

(0.4

)

 

—

 

 

0.1

 

 

300.0

 

Total intangible assets, net

 

$

304.6

 

$

0.2

 

$

(0.4

)

$

(1.6

)

$

0.2

 

$

303.0

 

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

(2) Relates to the sale of the Company’s Ecuador subsidiary. See Note 6.

(3) Includes foreign currency translation adjustments and the write-off of liquor licenses for closed theatres.
Estimated Aggregate Future Amortization Expense for Intangible Assets

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

 

 

Estimated

 

 

 

Amortization

 

For the three months ended December 31, 2023

 

$

0.5

 

For the twelve months ended December 31, 2024

 

 

2.1

 

For the twelve months ended December 31, 2025

 

 

0.4

 

Thereafter

 

 

—

 

Total

 

$

3.0