XML 45 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2017
Cannery Hotel and Casino, LLC [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the components and allocation of the purchase price, including the measurement period adjustments:
(In thousands)
Preliminary Purchase Price Allocation
 
Adjustments
 
Final Purchase Price Allocation
Current assets
$
29,929

 
$
(8,345
)
 
$
21,584

Property and equipment
181,757

 
(56,675
)
 
125,082

Other long-term assets

 
3,419

 
3,419

Intangible and other assets
16,330

 
(880
)
 
15,450

Total acquired assets
228,016

 
(62,481
)
 
165,535

 
 
 
 
 
 
Current liabilities
15,850

 
(4,984
)
 
10,866

Total liabilities assumed
15,850

 
(4,984
)
 
10,866

Net identifiable assets acquired
212,166

 
(57,497
)
 
154,669

Goodwill
26,401

 
58,651

 
85,052

Net assets acquired
$
238,567

 
$
1,154

 
$
239,721

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the values assigned to acquired property and equipment and estimated useful lives:
(In thousands)
Useful Lives
 
As Recorded
Land
 
 
$
7,870

Buildings and improvements
10 - 40 years
 
107,268

Furniture and equipment
3 - 7 years
 
9,820

Construction in progress
 
 
124

Property and equipment acquired
 
 
$
125,082

Aliante Casino Hotel and Spa [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table presents the components and allocation of the purchase price, including the measurement period adjustments:
(In thousands)
Preliminary Purchase Price Allocation
 
Adjustments
 
Final Purchase Price Allocation
Current assets
$
31,886

 
$

 
$
31,886

Property and equipment
226,309

 
(760
)
 
225,549

Intangible and other assets
20,791

 
(2,643
)
 
18,148

Total acquired assets
278,986

 
(3,403
)
 
275,583

 
 
 
 
 
 
Current liabilities
5,693

 
515

 
6,208

Other liabilities
636

 
(83
)
 
553

Total liabilities assumed
6,329

 
432

 
6,761

Net identifiable assets acquired
272,657

 
(3,835
)
 
268,822

Goodwill
126,489

 
3,835

 
130,324

Net assets acquired
$
399,146

 
$

 
$
399,146

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the values assigned to acquired property and equipment and estimated useful lives:
(In thousands)
Useful Lives
 
As Recorded
Land
 
 
$
16,680

Buildings and improvements
10 - 45 years
 
200,770

Furniture and equipment
3 - 7 years
 
8,099

Property and equipment acquired
 
 
$
225,549

Borgata  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
We accounted for our investment in Borgata applying the equity method, through the date of the sale, and, as a result of the sale, we reported the results as discontinued operations for all periods presented in these consolidated financial statements.

The table below summarizes the results of operations information for periods prior to the date of divestiture:
 
Seven Months Ended
 
Twelve Months Ended
(In thousands)
July 31, 2016
 
December 31, 2015
Net revenues
$
485,510

 
$
804,166

Operating expenses
366,812

 
657,324

Operating income
118,698

 
146,842

Interest expense
26,378

 
59,681

Loss on early extinguishments of debt
1,628

 
18,895

State income tax expense (benefit)
8,274

 
(3,731
)
Net income
$
82,418

 
$
71,997