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Property And Equipment
12 Months Ended
Dec. 31, 2021
Property And Equipment [Abstract]  
Property And Equipment 4.  PROPERTY AND EQUIPMENT Property and equipment at December 31, 2021 and 2020 consisted of the following: December 31,Amounts in thousands 2021 2020Land $49,948 $49,928Buildings and improvements 450,280 448,574Gaming equipment 41,523 40,062Furniture and non-gaming equipment 46,896 44,817Property and equipment held under finance leases (Note 9) 424 552Capital projects in process 4,086 855 $593,157 $584,788Less: accumulated depreciation (112,433) (91,269)Less: assets held for sale (8,422) (8,271)Property and equipment, net $472,302 $485,248 Depreciation expense was $23.1 million, $22.9 million and $10.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. During the year ended December 31, 2019, the Company wrote down the leasehold improvements and other assets at CCB based on the losses incurred by the casino since operations began and future forecasts of continued losses due to the current regulatory environment for casinos in England. The assets were valued using the following approaches: (i) income approach utilizing the business enterprise value which resulted in negative value, and (ii) a value in exchange basis which resulted in no value for the assets due to the market for gaming in the United Kingdom. As a result of the valuation, the Company charged $8.0 million to impairment – intangible and tangible assets in the Corporate and Other segment on the Company’s consolidated statement of earnings (loss) for the year ended December 31, 2019. No long-lived asset impairment charges were recorded for the years ended December 31, 2021 and 2020. In December 2020, the Company began to market the sale of the land and building that it owns in Calgary, Alberta, Canada. In January 2022, the Company signed an agreement to sell the real estate and the sale occurred in February 2022. Until the sale, the Company operated Century Sports from this location and leased a portion of the land and building. The assets held for sale include $4.8 million in land and $3.6 million in building and improvements, net of accumulated depreciation.