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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Intangible Assets  
Reconciliation of goodwill and accumulated goodwill impairment losses

A reconciliation of goodwill and accumulated goodwill impairment losses is as follows (in thousands):

 

 

 

 

 

 

Balance at December 31, 2015

    

 

    

 

Goodwill

 

$

2,175,507

 

Accumulated goodwill impairment losses

 

 

(1,263,565)

 

Goodwill, net

 

$

911,942

 

Goodwill acquired

 

 

77,743

 

Balance at December 31, 2016:

 

 

 

 

Goodwill

 

$

2,253,250

 

Accumulated goodwill impairment losses

 

 

(1,263,565)

 

Goodwill, net

 

$

989,685

 

Goodwill acquired

 

 

36,598

 

Goodwill impairment losses

 

 

(18,026)

 

Other

 

 

(160)

 

Balance at December 31, 2017:

 

 

 

 

Goodwill

 

$

2,289,848

 

Accumulated goodwill impairment losses

 

 

(1,281,751)

 

Goodwill, net

 

$

1,008,097

 

 

Schedule of gross carrying value, accumulated amortization, and net book value of each major class of other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

December 31, 2016

 

 

 

(in thousands)

 

 

    

Gross

    

 

 

    

 

 

    

Gross

    

 

 

    

 

 

 

 

 

Carrying

 

Accumulated

 

Net Book

 

Carrying

 

Accumulated

 

Net Book

 

 

 

Value

 

Amortization

 

Value

 

Value

 

Amortization

 

Value

 

Indefinite-life intangible assets

 

$

375,405

 

$

 —

 

$

375,405

 

$

375,405

 

$

 —

 

$

375,405

 

Other intangible assets

 

 

131,483

 

 

84,282

 

 

47,201

 

 

125,584

 

 

65,495

 

 

60,089

 

Total

 

$

506,888

 

$

84,282

 

$

422,606

 

$

500,989

 

$

65,495

 

$

435,494

 

 

Schedule of expected intangible asset amortization expense

The following table presents expected intangible asset amortization expense based on existing intangible assets at December 31, 2017 (in thousands):

 

 

 

 

 

 

2018

    

$

13,614

 

2019

 

 

8,505

 

2020

 

 

5,844

 

2021

 

 

3,599

 

2022

 

 

3,596

 

Thereafter

 

 

12,043

 

Total

 

$

47,201

 

 

Schedule of remaining goodwill and other intangible assets by reporting unit

The Company’s remaining goodwill and other intangible assets by reporting unit at December 31, 2017 is shown below (in thousands):

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Total Intangible

 

Reporting Unit

 

Goodwill

 

Assets

 

Hollywood Casino St. Louis

 

$

205,783

 

$

58,418

 

Hollywood Casino Aurora

 

 

207,207

 

 

 —

 

Argosy Casino Riverside

 

 

154,332

 

 

4,964

 

Zia Park Casino

 

 

142,359

 

 

 —

 

Hollywood Gaming at Dayton Raceway

 

 

15,339

 

 

110,436

 

Hollywood Gaming at Mahoning Valley Race Course

 

 

 —

 

 

125,000

 

Penn Interactive Ventures

 

 

67,004

 

 

15,968

 

Hollywood Casino at Penn National Race Course

 

 

1,497

 

 

67,607

 

Prairie State Gaming

 

 

34,185

 

 

30,031

 

Hollywood Casino Lawrenceburg

 

 

63,189

 

 

 —

 

Hollywood Casino Tunica

 

 

44,042

 

 

 —

 

1st Jackpot Casino

 

 

35,929

 

 

567

 

Boomtown Biloxi

 

 

22,365

 

 

 —

 

Argosy Casino Alton

 

 

9,863

 

 

8,285

 

Plainridge Park Casino

 

 

3,052

 

 

 —

 

Hollywood Casino at Charles Town Races

 

 

1,354

 

 

 —

 

Others

 

 

597

 

 

1,330

 

Total

 

$

1,008,097

 

$

422,606