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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:  

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

Goodwill

 

$

2,091,278

 

 

$

2,084,564

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

Detroit development rights

 

$

98,098

 

 

$

98,098

 

MGM Northfield Park and Empire City racing and gaming licenses

 

 

280,000

 

 

 

280,000

 

Trademarks and other

 

 

299,238

 

 

 

300,212

 

Total indefinite-lived intangible assets

 

 

677,336

 

 

 

678,310

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

MGM Grand Paradise gaming subconcession

 

 

4,541,990

 

 

 

4,519,558

 

Less: Accumulated amortization

 

 

(1,697,481

)

 

 

(1,514,772

)

 

 

 

2,844,509

 

 

 

3,004,786

 

MGM National Harbor and MGM Springfield gaming licenses

 

 

106,600

 

 

 

106,600

 

Less: Accumulated amortization

 

 

(19,102

)

 

 

(11,996

)

 

 

 

87,498

 

 

 

94,604

 

Other finite-lived intangible assets

 

 

60,649

 

 

 

79,197

 

Less: Accumulated amortization

 

 

(26,244

)

 

 

(30,393

)

 

 

 

34,405

 

 

 

48,804

 

Total finite-lived intangible assets, net

 

 

2,966,412

 

 

 

3,148,194

 

Total other intangible assets, net

 

$

3,643,748

 

 

$

3,826,504

 

Summary of Changes in Company's Goodwill by Reportable Segment

 

Goodwill. A summary of changes in the Company’s goodwill by reportable segment is as follows for 2020 and 2019:

 

 

 

2020

 

 

 

Balance at January 1

 

 

Acquisitions

 

 

Reclassifications

 

 

Currency exchange

 

 

Balance at December 31

 

 

 

(In thousands)

 

Goodwill, net by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Las Vegas Strip Resorts

 

$

30,452

 

 

$

 

 

$

 

 

$

 

 

$

30,452

 

Regional Operations

 

 

701,463

 

 

 

 

 

 

 

 

 

 

 

 

701,463

 

MGM China

 

 

1,352,649

 

 

 

 

 

 

 

 

 

6,714

 

 

 

1,359,363

 

 

 

$

2,084,564

 

 

$

 

 

$

 

 

$

6,714

 

 

$

2,091,278

 

 

 

 

2019

 

 

 

Balance at January 1

 

 

Acquisitions

 

 

Reclassifications

 

 

Currency exchange

 

 

Balance at December 31

 

 

 

(In thousands)

 

Goodwill, net by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Las Vegas Strip Resorts

 

$

70,975

 

 

$

 

 

$

(40,523

)

 

$

 

 

$

30,452

 

Regional Operations

 

 

386,892

 

 

 

256,133

 

 

 

58,438

 

 

 

 

 

 

701,463

 

MGM China

 

 

1,345,610

 

 

 

 

 

 

 

 

 

7,039

 

 

 

1,352,649

 

Corporate and other

 

 

17,915

 

 

 

 

 

 

(17,915

)

 

 

 

 

 

 

 

 

$

1,821,392

 

 

$

256,133

 

 

$

 

 

$

7,039

 

 

$

2,084,564

 

 

Schedule of Estimated Future Amortization As of December 31, 2020, estimated future amortization is as follows:

 

 

 

 

 

Years ending December 31,

 

(In thousands)

 

2021

 

$

197,104

 

2022

 

 

190,981

 

2023

 

 

178,672

 

2024

 

 

176,685

 

2025

 

 

174,900

 

Thereafter

 

 

2,048,070

 

 

 

$

2,966,412