GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 4—GOODWILL AND OTHER INTANGIBLE ASSETS

Activity of goodwill is presented below:

(In thousands)	Total
Balance as of December 31, 2013	$	2,291,943

Balance as of December 31, 2014		2,291,943

Acquisition of Starplex Cinemas		116,891

Balance as of December 31, 2015	$	2,408,834

Detail of other intangible assets is presented below:

		December 31, 2015					December 31, 2014
(In thousands)	Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Favorable leases	3 to 43 years	$	122,831	$	(20,592	)	$	112,251	$	(13,781	)
Management contracts	2 to 5 years		4,540		(2,399	)		4,540		(1,676	)
Non-compete agreement	5 year		2,300		—			3,800		(2,951	)
NCM tax receivable agreement	21 years		20,900		(2,804	)		20,900		(1,968	)

Total, amortizable		$	150,571	$	(25,795	)	$	141,491	$	(20,376	)


Unamortized Intangible Assets:
AMC trademark		$	104,400				$	104,400
Starplex trade name			8,200					—

Total, unamortizable		$	112,600				$	104,400

Amortization expense associated with the intangible assets noted above is as follows:

(In thousands)		12 Months Ended December 31, 2015			12 Months Ended December 31, 2014			12 Months Ended December 31, 2013
Recorded amortization		$	8,380		$	8,804		$	9,011

Estimated annual amortization for the next five calendar years for intangible assets is projected below:

(In thousands)		2016			2017			2018			2019			2020
Projected annual amortization		$	8,738		$	8,621		$	8,352		$	7,177		$	7,000

Additional information for Starplex Cinemas intangible assets acquired on December 16, 2015 is presented below:

(In thousands)	Weighted Average Amortization Period	Gross Carrying Amount
Acquired Intangible Assets:
Amortizable Intangible Assets:
Favorable leases	18 years	$	10,580
Non-compete agreement	5 years		2,300

Total, amortizable	15.7 years	$	12,880


Unamortizable Intangible Assets:
Starplex Cinemas trade name		$	8,200

- 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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