XML 75 R47.htm IDEA: XBRL DOCUMENT v3.22.4
GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

The Company’s goodwill was as follows for the periods presented:

 

 

 

U.S.
Operating
Segment

 

 

International
Operating
Segment

 

 

Total

 

Balance at December 31, 2020 (1)

 

$

1,182.9

 

 

$

71.0

 

 

$

1,253.9

 

Foreign currency translation adjustments

 

 

—

 

 

 

(5.1

)

 

 

(5.1

)

Balance at December 31, 2021 (1)

 

$

1,182.9

 

 

$

65.9

 

 

$

1,248.8

 

Foreign currency translation adjustments

 

 

—

 

 

 

2.1

 

 

 

2.1

 

Balance at December 31, 2022 (1)

 

$

1,182.9

 

 

$

68.0

 

 

$

1,250.9

 
(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.
Intangible Assets-Net :

 

 

Balance at January 1, 2021

 

 

Additions (1)

 

Amortization

 

 

Other (2)

 

 

Balance at December 31, 2021

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

82.4

 

 

$

—

 

$

—

 

 

$

(0.7

)

 

$

81.7

 

Accumulated amortization

 

 

(68.4

)

 

 

—

 

 

(2.6

)

 

 

 

 

 

(71.0

)

Total intangible assets with finite lives, net

 

$

14.0

 

 

$

—

 

$

(2.6

)

 

$

(0.7

)

 

$

10.7

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300.2

 

 

 

0.1

 

 

—

 

 

 

(0.2

)

 

 

300.1

 

Total intangible assets, net

 

$

314.2

 

 

$

0.1

 

$

(2.6

)

 

$

(0.9

)

 

$

310.8

 

 

 

 

Balance at January 1, 2022

 

 

Additions (1)

 

 

Amortization

 

 

Other (3)

 

 

Balance at December 31, 2022

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

81.7

 

 

$

—

 

 

$

—

 

 

$

(4.0

)

 

$

77.7

 

Accumulated amortization

 

 

(71.0

)

 

 

—

 

 

 

(2.4

)

 

 

0.2

 

 

 

(73.2

)

Total intangible assets with finite lives, net

 

$

10.7

 

 

$

—

 

 

$

(2.4

)

 

$

(3.8

)

 

$

4.5

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300.1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

300.1

 

Total intangible assets, net

 

$

310.8

 

 

$

—

 

 

$

(2.4

)

 

$

(3.8

)

 

$

304.6

 
(1)
Amount represents licenses acquired to sell alcoholic beverages for certain locations.
(2)
Includes foreign currency translation adjustments and an impairment recorded for a theatre leasehold interest in Brazil during 2021. See Note 12 for discussion of impairment evaluations performed during the year ended December 31, 2021.
(3)
Includes foreign currency translation adjustments and an impairment recorded for a U.S. intangible asset during 2022. See Note 12 for discussion of impairment evaluations performed during the year ended December 31, 2022.
Estimated Aggregate Future Amortization Expense for Intangible Assets

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

Year ended December 31, 2023

 

$

2.0

 

Year ended December 31, 2024

 

 

2.0

 

Year ended December 31, 2025

 

 

0.4

 

Year ended December 31, 2026

 

 

0.1

 

Year ended December 31, 2027

 

 

—

 

Total

 

$

4.5