XML 81 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Details of goodwill A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:
(in thousands)
Northeast Segment
 
South Segment
 
West Segment
 
Midwest Segment
 
Other
 
Total
Balance as of January 1, 2017
 
 
 
 
 
 
 
 
 
 
 
Goodwill, gross
$
792,024

 
$
100,929

 
$
158,992

 
$
1,045,983

 
$
155,322

 
$
2,253,250

Accumulated goodwill impairment losses
(707,593
)
 
(34,522
)
 
(1,812
)
 
(435,283
)
 
(84,355
)
 
(1,263,565
)
Goodwill, net
84,431

 
66,407

 
157,180

 
610,700

 
70,967

 
989,685

Goodwill acquired during year (1)
—

 
35,929

 
—

 
669

 
—

 
36,598

Impairment losses during year
—

 
—

 
(14,821
)
 
—

 
(3,205
)
 
(18,026
)
Other
—

 
—

 
—

 
—

 
(160
)
 
(160
)
Balance as of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Goodwill, gross
792,024

 
136,858

 
158,992

 
1,046,652

 
155,322

 
2,289,848

Accumulated goodwill impairment losses
(707,593
)
 
(34,522
)
 
(16,633
)
 
(435,283
)
 
(87,720
)
 
(1,281,751
)
Goodwill, net
84,431

 
102,336

 
142,359

 
611,369

 
67,602

 
1,008,097

Goodwill acquired during year
56,400

 
48,300

 
51,431

 
63,400

 
794

 
220,325

Balance as of December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Goodwill, gross
848,424

 
185,158

 
210,423

 
1,110,052

 
156,116

 
2,510,173

Accumulated goodwill impairment losses
(707,593
)
 
(34,522
)
 
(16,633
)
 
(435,283
)
 
(87,720
)
 
(1,281,751
)
Goodwill, net
$
140,831

 
$
150,636

 
$
193,790

 
$
674,769

 
$
68,396

 
$
1,228,422

(1)
The amount in the South segment originated from the acquisitions of 1st Jackpot Casino Tunica and Resorts Casino Tunica, described in Note 5, “Acquisitions and Other Investments.”As of December 31, 2018, six reporting units had negative carrying amounts. The amount of goodwill at these reporting units was as follows (in thousands):
Northeast segment
 
Hollywood Casino at Charles Town Races
$
8,654

Hollywood Casino Columbus
$
6,200

Hollywood Casino Toledo
$
5,800

South segment
 
Hollywood Casino Gulf Coast
$
2,700

Midwest segment
 
Argosy Casino Alton
$
11,863

Hollywood Casino Joliet
$
4,600
Schedule of indefinite-lived intangible assets table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
 
December 31, 2018
 
December 31, 2017
(in thousands)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Gaming licenses
$
1,498,309

 
$
—

 
$
1,498,309

 
$
374,709

 
$
—

 
$
374,709

Trademarks
298,000

 
—

 
298,000

 
—

 
—

 
—

Other
696

 
—

 
696

 
696

 
—

 
696

Amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
98,752

 
(51,544
)
 
47,208

 
75,252

 
(42,432
)
 
32,820

Other
61,918

 
(49,263
)
 
12,655

 
56,231

 
(41,850
)
 
14,381

Total other intangible assets
$
1,957,675

 
$
(100,807
)
 
$
1,856,868

 
$
506,888

 
$
(84,282
)
 
$
422,606
Schedule of finite-lived intangible assets table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
 
December 31, 2018
 
December 31, 2017
(in thousands)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Gaming licenses
$
1,498,309

 
$
—

 
$
1,498,309

 
$
374,709

 
$
—

 
$
374,709

Trademarks
298,000

 
—

 
298,000

 
—

 
—

 
—

Other
696

 
—

 
696

 
696

 
—

 
696

Amortizing intangible assets
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
98,752

 
(51,544
)
 
47,208

 
75,252

 
(42,432
)
 
32,820

Other
61,918

 
(49,263
)
 
12,655

 
56,231

 
(41,850
)
 
14,381

Total other intangible assets
$
1,957,675

 
$
(100,807
)
 
$
1,856,868

 
$
506,888

 
$
(84,282
)
 
$
422,606
Expected intangible asset amortization expense following table presents the estimated amortization expense based on our amortizing intangible assets as of December 31, 2018 (in thousands):
Years ending December 31:
 
2019
$
22,085

2020
16,472

2021
4,795

2022
4,063

2023
4,003

Thereafter
8,445

Total
$
59,863