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Note 4 - Goodwill

12 Months Ended

Dec. 31, 2021

NOTE 4. 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, 2021	$	1,267,362	$	(6,134	)	$	(289,941	)	$	971,287

Changes in Goodwill

During the year ended December 31, 2021, there were no 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 Properties as the acquisition accounting was finalized in 2019.

The following table sets forth the changes in our goodwill, net, during the years ended December 31, 2021, 2020 and 2019.

*(In thousands)*	*Goodwill, Net*
Balance, January 1, 2019	$	1,062,102
Final purchase price adjustments ⁽¹⁾		21,185
Balance, December 31, 2019		1,083,287
Impairments		(112,000	)
Balance, December 31, 2020		971,287
Account activity		—
Balance, December 31, 2021	$	971,287

⁽¹⁾Purchase price adjustments relate to the final allocations related to the acquisitions of the Acquired Properties.