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Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
In the first quarter of 2019, we realigned our segments as described in Note 1, Description of Business. This change resulted in the allocation of the previous Racing segment goodwill balance of $51.7 million as follows: $49.7 million to the Churchill Downs segment, $1.0 million to the Gaming segment, and $1.0 million to All Other, based on the relative fair value approach. The Company evaluated whether an interim goodwill impairment test should be performed as a result of our segment changes. Based on this evaluation, the Company determined this event did not indicate it was more likely than not that a goodwill impairment exists.
Goodwill, by segment, is comprised of the following:
 
Churchill Downs
 
Online Wagering
 
Gaming
 
All Other
 
Total
Balances as of December 31, 2018
$
49.7

 
$
148.2

 
$
139.1

 
$
1.0

 
$
338.0

Additions
—

 
—

 
25.8

 
—

 
25.8

Balances as of March 31, 2019
$
49.7

 
$
148.2

 
$
164.9

 
$
1.0

 
$
363.8


During the first quarter of 2019, we established goodwill of $25.8 million related to the Presque Isle Transaction.
Other intangible assets are comprised of the following:
 
March 31, 2019
 
December 31, 2018
(in millions)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Definite-lived intangible assets
$
32.1

 
$
(15.3
)
 
$
16.8

 
$
32.1

 
$
(14.1
)
 
$
18.0

Indefinite-lived intangible assets
 
 
 
 
328.2

 
 
 
 
 
246.0

Total


 


 
$
345.0

 
 
 
 
 
$
264.0


During the first quarter of 2019, we established indefinite-lived assets of $56.0 million for gaming rights and $15.2 million for trademarks related to the Presque Isle Transaction. We also established indefinite-lived assets of $8.0 million for online gaming rights in Pennsylvania during first quarter of 2019 related to our Online Wagering operations, as well as indefinite-lived assets of $3.0 million for gaming rights related to our Gaming segment.