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Other Intangible Assets
12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets
OTHER INTANGIBLE ASSETS
The Company’s other intangible assets are comprised of the following (in thousands):
 
December 31, 2012
 
December 31, 2011
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
 
 
 
 
 
 
 
 
 
 
 
Definite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
    Favorable contracts
$
11,000

 
$
(3,613
)
 
$
7,387

 
$
11,000

 
$
(2,966
)
 
$
8,034

    Customer relationships
57,900

 
(24,594
)
 
33,306

 
47,280

 
(16,344
)
 
30,936

    Slots gaming license
2,250

 
(1,125
)
 
1,125

 
2,250

 
(1,125
)
 
1,125

    Other
4,079

 
(267
)
 
3,812

 
4,059

 
(237
)
 
3,822

 
$
75,229

 
$
(29,599
)
 
45,630

 
$
64,589

 
$
(20,672
)
 
43,917

Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
    Slots gaming rights
 
 
 
 
70,390

 
 
 
 
 
45,089

    Trademarks
 
 
 
 
23,397

 
 
 
 
 
11,297

    Illinois Horseracing Equity Trust
 
 
 
 
3,307

 
 
 
 
 
3,307

    Other
 
 
 
 
417

 
 
 
 
 
217

    Total
 
 
 
 
$
143,141

 
 
 
 
 
$
103,827


Amortization expense for definite-lived intangible assets was approximately $11.2 million, $11.9 million and $9.9 million for the years ended December 31, 2012, 2011 and 2010, respectively, and is classified in operating expenses. The Company submitted payments of $2.3 million for each of the years ended December 31, 2012 and 2011 respectively, for annual license fees for Calder Casino. Payments are being amortized to expense over the annual license period.
Indefinite-lived intangible assets consist primarily of state gaming licenses in Mississippi and Florida, rights to participate in the Horse Racing Equity Fund and trademarks.
During the year ended December 31, 2012, the Company recorded other definite-lived intangible assets of $10.3 million and indefinite-lived intangible assets of $32.8 million related to the Riverwalk acquisition. In addition, the Company recorded other definite-lived intangible assets of $0.3 million and indefinite-lived intangible assets of $4.8 million related to the Bluff acquisition.
Future estimated amortization expense does not include additional payments of $2.3 million in 2013 and in each year thereafter for the ongoing amortization of future expected annual Florida slots gaming license fees not yet incurred or paid. Future estimated aggregate amortization expense on existing definite-lived intangible assets for each of the next five fiscal years is as follows (in thousands):
Year Ended
December 31,
 
Estimated
Amortization
Expense
2013
 
$
9,743

2014
 
$
8,731

2015
 
$
7,821

2016
 
$
6,697

2017
 
$
6,697