Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:

(in millions)	Northeast			South			West			Midwest			Other			Total
Balance as of December 31, 2018
Goodwill, gross	$	848.4		$	185.2		$	210.4		$	1,110.1		$	156.1		$	2,510.2
Accumulated goodwill impairment losses	(707.6		)	(34.6		)	(16.6		)	(435.3		)	(87.7		)	(1,281.8		)
Goodwill, net	140.8			150.6			193.8			674.8			68.4			1,228.4
Goodwill acquired during year	62.8			40.5			—			—			—			103.3
Other (1)	(1.5		)	7.2			6.4			6.6			—			18.7
Balance as of September 30, 2019
Goodwill, gross	909.7			232.9			216.8			1,116.7			156.1			2,632.2
Accumulated goodwill impairment losses	(707.6		)	(34.6		)	(16.6		)	(435.3		)	(87.7		)	(1,281.8		)
Goodwill, net	$	202.1		$	198.3		$	200.2		$	681.4		$	68.4		$	1,350.4

(1) Amounts relate to adjustments made to the preliminary purchase price allocation of Pinnacle during the nine months ended September 30, 2019, prior to it being finalized, as described in Note 5, “Acquisitions.”

The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:

	September 30, 2019							December 31, 2018
(in millions)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Indefinite-lived intangible assets
Gaming licenses	$	1,734.6	$	—		$	1,734.6	$	1,498.3	$	—		$	1,498.3
Trademarks	322.4		—			322.4		298.0		—			298.0
Other	0.7		—			0.7		0.7		—			0.7
Amortizing intangible assets
Customer relationships	104.3		(64.6		)	39.7		98.8		(51.5		)	47.3
Other	62.0		(54.9		)	7.1		61.9		(49.3		)	12.6
Total other intangible assets	$	2,224.0	$	(119.5	)	$	2,104.5	$	1,957.7	$	(100.8	)	$	1,856.9

There were no impairment charges recorded on other intangible assets during the three and nine months ended September 30, 2019 and 2018. 

Amortization expense related to our amortizing intangible assets was $6.4 million and $18.7 million, for the three and nine months ended September 30, 2019, respectively, as compared to $3.3 million and $11.9 million, for the three and nine months ended September 30, 2018, respectively. The following table presents the estimated amortization expense based on our amortizing intangible assets as of September 30, 2019 (in millions):

Remaining 2019	$	5.9
2020	19.5
2021	5.6
2022	3.8
2023	3.6
Thereafter	8.4
Total	$	46.8