v3.20.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
GOODWILL AND INTANGIBLE ASSETS  
Schedule of Activity of Goodwill

(In millions)

U.S.
Markets

International
Markets

Total

Balance December 31, 2018

$

3,072.6

$

1,716.1

$

4,788.7

Currency translation adjustment

0.4

0.4

Balance December 31, 2019

$

3,072.6

$

1,716.5

$

4,789.1

Impairment adjustment March 31, 2020

(1,124.9)

(619.4)

(1,744.3)

Impairment adjustment September 30, 2020

(151.2)

(5.6)

(156.8)

Impairment adjustment December 31, 2020

(405.3)

(405.3)

Baltics disposition-Latvia

(7.9)

(7.9)

Currency translation adjustment

72.5

72.5

Balance December 31, 2020

$

1,796.5

$

750.8

$

2,547.3

Schedule of detail of other intangible assets

December 31, 2020

December 31, 2019

 

    

    

Gross

    

    

Gross

    

 

Remaining

Carrying

Accumulated

Carrying

Accumulated

 

(In millions)

Useful Life

Amount

Amortization

Amount

Amortization

 

Amortizable Intangible Assets:

Management contracts and franchise rights

 

1 to 6 years

$

12.0

$

(9.8)

$

11.8

$

(7.9)

Non-compete agreement

 

 

2.6

 

(2.6)

 

2.6

 

(2.1)

Starplex trade name

6 years

7.9

(3.4)

7.9

(2.6)

Carmike trade name

3 years

9.3

(5.3)

9.3

(4.0)

NCM tax receivable agreement

 

 

20.9

 

(20.9)

 

20.9

 

(6.2)

Total, amortizable

$

52.7

$

(42.0)

$

52.5

$

(22.8)

Non-amortizing Intangible Assets:

AMC trademark

$

104.4

$

104.4

Odeon trade names

40.7

50.7

Nordic trade names

7.4

10.5

Total, unamortizable

$

152.5

$

165.6

Schedule of amortization expense associated with the intangible assets

Year Ended

(In millions)

    

December 31, 2020

    

December 31, 2019

    

December 31, 2018

Recorded amortization

$

4.5

$

5.1

$

19.2

Schedule of estimated annual amortization for the next five calendar years for intangible assets

(In millions)

    

2021

2022

    

2023

    

2024

    

2025

Projected annual amortization

$

3.6

$

2.6

$

2.2

$

1.0

$

1.0