Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

11.	Goodwill and Other Intangible Assets

The Company’s goodwill was as follows:

	U.S. Operating Segment		International Operating Segment			Total
Balance at January 1, 2019 ⁽¹⁾	$	1,174,041	$	102,283		$	1,276,324
Theatres acquired in Brazil ⁽²⁾		—		869			869
Foreign currency translation adjustments		—		(440	)		(440	)
Balance at March 31, 2019 ⁽¹⁾	$	1,174,041	$	102,712		$	1,276,753

(1)

Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

(2)

Amount represents purchase price allocation adjustment for theatres acquired in Brazil during 2018.

The Company evaluates goodwill for impairment annually during the fourth quarter or whenever events or changes in circumstances indicate the carrying value of the goodwill may not be fully recoverable. The Company evaluates goodwill for impairment at the reporting unit level and has allocated goodwill to the reporting unit based on an estimate of its relative fair value. Management considers the reporting unit to be each of its nineteen regions in the U.S. and seven countries internationally with Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala considered one reporting unit (the Company does not have goodwill recorded for all of its international locations). For the year ended December 31, 2018, the Company performed a quantitative goodwill impairment assessment on all reporting units, in accordance with ASC Topic 350-20-35. No events or changes in circumstances occurred during the three months ended March 31, 2019 that indicated the carrying value of goodwill might exceed its estimated fair value.

Intangible assets consisted of the following:

	Balance at January 1, 2019			Impact of Adoption of ASC Topic 842 ⁽¹⁾			Amortization			Other ⁽²⁾			Balance at March 31, 2019
Intangible assets with finite lives:
Gross carrying amount	$	105,256		$	(18,024	)	$	—		$	(322	)	$	86,910
Accumulated amortization		(74,603	)		13,597			(1,204	)	―				(62,210	)
Total net intangible assets with finite lives	$	30,653		$	(4,427	)	$	(1,204	)	$	(322	)	$	24,700

Intangible assets with indefinite lives:
Tradename and other		300,257		―			―				(5	)		300,252
Total intangible assets — net	$	330,910		$	(4,427	)	$	(1,204	)	$	(327	)	$	324,952

(1)

See Note 3 for further discussion of the impact of adoption of ASC Topic 842.

(2)

Amount represents foreign currency translation adjustments.

For the year ended December 31, 2018, the Company performed a quantitative assessment for all definite and indefinite-lived tradename assets. No events or changes in circumstances occurred during the three months ended March 31, 2019 that indicated the carrying value of its tradename assets might exceed their estimated fair values.

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

For the nine months ended December 31, 2019	$	3,307
For the twelve months ended December 31, 2020		4,358
For the twelve months ended December 31, 2021		2,447
For the twelve months ended December 31, 2022		2,333
For the twelve months ended December 31, 2023		2,307
Thereafter		9,948
Total	$	24,700