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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Intangible Assets
Intangible assets consist of the following:
 
December 31, 2018
 
Weighted
 
Gross
 
 
 
Cumulative
 
 
 
Average Life
 
Carrying
 
Cumulative
 
Impairment
 
Intangible
(In thousands)
Remaining
 
Value
 
Amortization
 
Losses
 
Assets, Net
Amortizing intangibles:
 
 
 
 
 
 
 
 
 
Customer relationships
7.3 years
 
$
65,400

 
$
(15,113
)
 
$

 
$
50,287

Favorable lease rates
37.0 years
 
11,730

 
(3,302
)
 

 
8,428

Development agreement
 
21,373

 

 

 
21,373

Host agreements
14.4 years
 
58,000

 
(2,256
)
 

 
55,744

 
 
 
156,503

 
(20,671
)
 

 
135,832

 
 
 
 
 
 
 
 
 
 
Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks
Indefinite
 
207,387

 

 
(4,300
)
 
203,087

Gaming license rights
Indefinite
 
1,341,685

 
(33,960
)
 
(179,974
)
 
1,127,751

 
 
 
1,549,072

 
(33,960
)
 
(184,274
)
 
1,330,838

Balance, December 31, 2018
 
 
$
1,705,575

 
$
(54,631
)
 
$
(184,274
)
 
$
1,466,670


 
December 31, 2017
 
Weighted
 
Gross
 
 
 
Cumulative
 
 
 
Average Life
 
Carrying
 
Cumulative
 
Impairment
 
Intangible
(In thousands)
Remaining
 
Value
 
Amortization
 
Losses
 
Assets, Net
Amortizing intangibles:
 
 
 
 
 
 
 
 
 
Customer relationships
5.2 years
 
$
9,400

 
$
(3,470
)
 
$

 
$
5,930

Favorable lease rates
38.0 years
 
11,730

 
(3,075
)
 

 
8,655

Development agreement
 
21,373

 

 

 
21,373

 
 
 
42,503

 
(6,545
)
 

 
35,958

 
 
 
 
 
 
 
 
 
 
Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks
Indefinite
 
151,887

 

 
(4,300
)
 
147,587

Gaming license rights
Indefinite
 
873,335

 
(33,960
)
 
(179,974
)
 
659,401

 
 
 
1,025,222

 
(33,960
)
 
(184,274
)
 
806,988

Balance, December 31, 2017
 
 
$
1,067,725

 
$
(40,505
)
 
$
(184,274
)
 
$
842,946

Schedule of Changes in Intangible Assets
The following table sets forth the changes in these intangible assets:
(In thousands)
Customer Relationships
 
Favorable Lease Rates
 
Development Agreements
 
Host Agreements
 
Trademarks
 
 Gaming License Rights
 
 Intangible Assets, Net
Balance, January 1, 2016
$
26,306

 
$
33,373

 
$
21,373

 
$

 
$
126,001

 
$
683,001

 
$
890,054

Additions
8,480

 

 

 

 
24,200

 

 
32,680

Impairments

 

 

 

 
(800
)
 
(23,600
)
 
(24,400
)
Amortization
(15,324
)
 
(1,042
)
 

 

 

 

 
(16,366
)
Other

 

 

 

 
(14
)
 

 
(14
)
Balance, December 31, 2016
19,462

 
32,331

 
21,373

 

 
149,387

 
659,401

 
881,954

Additions

 

 

 

 

 

 

Purchase price adjustment
920

 

 

 

 
(1,800
)
 

 
(880
)
Impairments

 

 

 

 

 

 

Amortization
(14,452
)
 
(228
)
 

 

 

 

 
(14,680
)
Other (1)

 
(23,448
)
 

 

 

 

 
(23,448
)
Balance, December 31, 2017
5,930

 
8,655

 
21,373

 

 
147,587

 
659,401

 
842,946

Additions
56,000

 

 

 
58,000

 
55,500

 
468,350

 
637,850

Impairments

 

 

 

 

 

 

Amortization
(11,643
)
 
(227
)
 

 
(2,256
)
 

 

 
(14,126
)
Balance, December 31, 2018
$
50,287

 
$
8,428

 
$
21,373

 
$
55,744

 
$
203,087

 
$
1,127,751

 
$
1,466,670

Schedule of Expected Amortization Expense
Future amortization is as follows:
(In thousands)
 
Customer Relationships
 
Favorable Lease Rates
 
Host Agreements
 
Total
For the year ending December 31,
 
 
 
 
 
 
 
 
2019
 
$
14,485

 
$
228

 
$
3,867

 
$
18,580

2020
 
14,435

 
228

 
3,867

 
18,530

2021
 
9,885

 
228

 
3,867

 
13,980

2022
 
6,025

 
228

 
3,867

 
10,120

2023
 
2,988

 
228

 
3,867

 
7,083

Thereafter
 
2,469

 
7,288

 
36,409

 
46,166

Total future amortization
 
$
50,287

 
$
8,428

 
$
55,744

 
$
114,459