United states securities and exchange commission


LIONS GATE ENTERTAINMENT CORP



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LIONS GATE ENTERTAINMENT CORP.

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS(Continued)

create Celestial Tiger Entertainment ("Celestial Tiger"), an independent Asian media company focused on branded pay television channels, content creation and distribution across Asia. As a result of the new partnership, the Company's ownership in Celestial Tiger was diluted to 16% and therefore, is now accounted under the cost method. No significant gain or loss was realized resulting from the the transaction.




8. Other Assets

The composition of the Company’s other assets is as follows as of March 31, 2012 and March 31, 2011 :



 





























 

March 31,
2012


 

March 31,
2011


 

(Amounts in thousands)

Deferred financing costs, net of accumulated amortization

$

39,130




 

$

15,360




Loans receivable

24,767




 

18,433




Prepaid expenses and other

14,637




 

12,099




Finite-lived intangible assets

11,977




 

430




 

$

90,511




 

$

46,322




Deferred Financing Costs . Deferred financing costs primarily include costs incurred in connection with (1) an amended senior revolving credit facility, (2) the issuance of the Senior Secured Second-Priority Notes, (3) a new Term Loan associated with the acquisition of Summit and (4) the issuance of the October 2004 2.9375% Notes, the February 2005 3.625% Notes, the April 2009 3.625% Notes, and the January 2012 4.00% Notes (see Note 9) that are deferred and amortized to interest expense using the effective interest method.

Loans Receivable . The following table sets forth the Company’s loans receivable at March 31, 2012 and March 31, 2011 :

 



































 

Interest Rate

 

March 31,
2012


 

March 31,
2011


 

(Amounts in thousands)

Third-party producer

3.2%

 

$

9,049




 

$

8,777




NextPoint, Inc. (“Break Media”)

5.47% - 20.0%

 

15,718




 

9,656




 

 

 

$

24,767




 

$

18,433




Prepaid Expenses and Other . Prepaid expenses and other primarily include prepaid expenses and security deposits.

Finite-lived Intangible Assets. Finite-lived intangibles consist primarily of sales agency relationships and trademarks. The composition of the Company's finite-lived intangible assets and the associated accumulated amortization is as follows as of March 31, 2012 and March 31, 2011 :


























































































 

 

 

 

 

March 31, 2012

 

March 31, 2011

 

Weighted Average Remaining Life

 

Range of Remaining Life

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

 

(in years)

 

(Amounts in thousands)

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

5

 

1 - 5

 

$

8,200




 

$

1,623




 

$

6,577




 

$

1,600




 

$

1,170




 

$

430




Sales agency relationships

5

 

5

 

6,200




 

800




 

5,400




 






 






 






 

 

 

 

 

$

14,400




 

$

2,423




 

$

11,977




 

$

1,600




 

$

1,170




 

$

430



The aggregate amount of amortization expense associated with the Company's intangible assets for the years ended March 31, 2012 , 2011 and 2010 was approximately $1.3 million , $1.0 million and $4.9 million , respectively. The estimated aggregate amortization expense for each of the years ending March 31, 2013 through 2017 is approximately $5.3 million , $3.7 million , $1.8 million , $0.8 million , and $0.4 million , respectively.


F-20

Table of Contents



LIONS GATE ENTERTAINMENT CORP.

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS(Continued)

9. Corporate Debt
The total carrying values of corporate debt of the Company, excluding film obligations and production loans, were as follows as of March 31, 2012 and March 31, 2011 :





























 

March 31, 2012

 

March 31, 2011

 

(Amounts in thousands)

Senior revolving credit facility

$

99,750




 

$

69,750




Senior secured second-priority notes

431,510




 

226,331




Term loan

477,514




 






Convertible senior subordinated notes

104,498




 

107,255




Other financing obligations

3,778




 

3,718




 

$

1,117,050




 

$

407,054






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