Acquisitions, Preliminary Purchase Price Accounting and Proforma Information (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Purchase Consideration Calculation

Purchase consideration calculation (dollars in thousands)
Cash consideration paid	$	327,500
Working capital and other adjustments		1,386
Purchase consideration	$	328,886

Summary of the Preliminary Accounting of the Purchase Consideration to the Identifiable Assets Acquired and Liabilities Assumed

The purchase price accounting for Elgin is preliminary and is subject to change. The following table summarizes the preliminary allocation of the purchase consideration to the identifiable assets acquired and liabilities assumed of Elgin, with the excess recorded as goodwill as of September 30, 2018 (dollars in thousands):

Cash and cash equivalents	$	22,612
Other current assets		2,237
Property and equipment		60,812
Goodwill		60,086
Intangible assets (i)		205,296
Other noncurrent assets		915
Total assets		351,958
Current liabilities		(21,322	)
Noncurrent liabilities		(1,750	)
Total liabilities		(23,072	)
Net assets acquired	$	328,886

(i) Intangible assets consist of gaming license valued at $163.9 million, trade names valued at $12.6 million and player relationships valued at $28.8 million.

Isle of Capri

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information presents the results of operations of the Company for the nine months ended September 30, 2017, as if the Isle Acquisition had occurred on January 1, 2016 (in thousands).

	Nine Months Ended
	September 30, 2017
Net operating revenues	$	1,379,466
Net income		84,134

Elgin Acquisition

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information presents the results of operations of the Company for the nine months ended September 30, 2018 and 2017, as if the Elgin Acquisition had occurred on January 1, 2017 (in thousands).

	Nine Months Ended		Nine Months Ended
	September 30, 2018		September 30, 2017
Net operating revenues	$	1,481,188	$	1,177,247
Net income (loss)		108,461		(7,095	)