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Note 5 - Goodwill
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Goodwill Disclosure [Text Block]

NOTE 5.     GOODWILL

Goodwill consists of the following:

 

(In thousands)

 

Gross Carrying Value

  

Accumulated Amortization

  

Accumulated Impairment Losses

  

Goodwill, Net

 

Goodwill, net by Reportable Segment:

                

Las Vegas Locals

 $593,567  $  $(188,079) $405,488 

Downtown Las Vegas

  6,997   (6,134)     863 

Midwest & South

  666,798      (101,862)  564,936 

Balance, December 31, 2020

 $1,267,362  $(6,134) $(289,941) $971,287 

 

Changes in Goodwill

During the year ended December 31, 2020, we recorded impairment charges of $22.6 million to our Las Vegas Locals segment and $89.4 million to our Midwest & South segment. During the year ended December 31, 2019, we recorded $21.2 million of goodwill in our Midwest & South segment related to the Acquired Companies as the acquisition accounting was finalized in 2019 (see Note 2, Acquisitions and Divestitures). During the year ended December 31, 2018, we recorded $173.9 million of goodwill in our Midwest & South segment related to the Acquired Companies. 

 

The following table sets forth the changes in our goodwill, net, during the years ended December 31, 20202019 and 2018.

 

(In thousands)

 

Goodwill, Net

 

Balance, January 1, 2018

 $888,224 

Additions

  173,878 

Balance, December 31, 2018

  1,062,102 

Final purchase price adjustments

  21,185 

Balance, December 31, 2019

  1,083,287 

Impairments

  (112,000)

Balance, December 31, 2020

 $971,287