Goodwill And Indefinite-Lived Intangible Assets Impairment Test

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Indefinte-Lived Intangible Assets Impairment Test

NOTE 6 — GOODWILL AND INDEFINITE-LIVED INTANGIBLE ASSETS IMPAIRMENT TEST

In accordance with ASU No. 2011-08, Intangibles-Goodwill and Other: Testing Goodwill for Impairment and ASU No. 2012-02, Intangibles-Goodwill and Other: Testing Indefinite-Lived Intangible Assets for Impairment, the Company completed the required annual impairment tests of goodwill and indefinite-lived intangible assets as of March 31, 2015, and no adjustment to the carrying value of goodwill or indefinite-lived intangible assets was required. The Company assessed its goodwill and indefinite-lived intangible assets by performing its step one fair value calculations on a quantitative basis for each of its reporting units and indefinite-lived intangible assets. The Company concluded that the fair values of its reporting units and indefinite-lived intangible assets exceeded their carrying value and therefore step two of the assessment was not required. Goodwill and definite-lived and indefinite-lived intangible assets are summarized as follows (in thousands):

	Big Fish Games		Casinos		TwinSpires		Racing		Other Investments		Total
Goodwill as of December 31, 2014	$	540,331	$	117,659	$	127,364	$	51,659	$	3,934	$	840,947
Adjustments	—		—		—		—		—		—
Goodwill as of March 31, 2015	$	540,331	$	117,659	$	127,364	$	51,659	$	3,934	$	840,947

	March 31, 2015							December 31, 2014
	Gross Carrying Value		Accumulated Amortization			Net Book Value		Gross Carrying Value		Accumulated Amortization			Net Book Value
Definite-lived intangible assets	$	238,865	$	(61,476	)	$	177,389	$	238,865	$	(47,236	)	$	191,629
Indefinite-lived intangible assets	358,343		—			358,343		358,343		—			358,343
Total	$	597,208	$	(61,476	)	$	535,732	$	597,208	$	(47,236	)	$	549,972