Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

The Company's intangible assets at December 31, 2013 and 2012, all of which are subject to amortization, consisted of the following:



	December 31, 2013							December 31, 2012
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
	(in thousands)
Energy segment:
Customer relationships	$	43,100	$	(13,700	)	$	29,400	$	43,100	$	(6,356	)	$	36,744
Trade names	4,100		(2,315		)	1,785		4,100		(1,125		)	2,975
	47,200		(16,015		)	31,185		47,200		(7,481		)	39,719

Sports segment:
Customer relationships	1,163		(230		)	933		235		(67		)	168
Trade names	122		(12		)	110		—		—			—
	1,285		(242		)	1,043		235		(67		)	168

Total	$	48,485	$	(16,257	)	$	32,228	$	47,435	$	(7,548	)	$	39,887

Amortization expense was $8.7 million, $7.6 million, and $49,000 for the years ended December 31, 2013, 2012, and 2011, respectively.

Estimated aggregate amortization expense related to the intangible assets for the next five years and thereafter -is as follows:



	Amount
	(in thousands)
For the year ended December 31:
2014	$	6,868
2015	5,537
2016	4,529
2017	3,299
2018	2,826
Thereafter	9,169
	$	32,228

The changes to the Company’s carrying amount of goodwill were as follows:



	Fiscal Year Ended December 31, 2013								Year Ended December 31, 2012
	Energy		Sports			Total			Energy		Sports			Total
	(in thousands)
Balance at beginning of period	$	52,939	$	154		$	53,093		$	6,256	$	1,988		$	8,244
Acquisitions (see Note 3)	23,400		5,594			28,994			46,683		154			46,837
Adjustment to fair value	1,844		—			1,844			—		—			—
Impairments	—		(3,577		)	(3,577		)	—		(1,988		)	(1,988		)
Balance at end of period	$	78,183	$	2,171		$	80,354		$	52,939	$	154		$	53,093

The adjustment to fair value in 2013 represents an adjustment to reflect additional acquisition-date deferred income tax liabilities and non-current deferred compensation obligations related to Sun Well (see Note 3). During the year ended December 31, 2013, the Company recognized a goodwill impairment of $3.6 million related to the shutdown of Ruckus. During the year ended December 31, 2012, the Company recognized a goodwill impairment of $1.8 million related to the shutdown of The Show and a goodwill impairment of $0.2 million related to Baseball Heaven. The goodwill impairments related to Ruckus and The Show are included in “Income (loss) from discontinued operations" in the consolidated statements of operations. The accumulated goodwill impairment was $5.6 million and $2.0 million at December 31, 2013 and 2012, respectively.

The components of goodwill at December 31, 2013 and 2012, were as follows:



	December 31, 2013			December 31, 2012
	(in thousands)
Goodwill	$	85,919		$	55,081
Accumulated impairment	(5,565		)	(1,988		)
Net goodwill	$	80,354		$	53,093

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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