XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.22.2

Note 3 - Goodwill and Intangible Assets, Net | 6 Months Ended
--- | ---
Jun. 30, 2022
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 3. GOODWILL AND INTANGIBLE ASSETS, NET Intangible assets, net consist of the following:
|  | June 30, 2022 |
|  | Weighted |  |  | Gross |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  | Useful Life |  |  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Intangible |
(In thousands) |  | Remaining (in years) |  |  | Value |  |  | Amortization |  |  | Losses |  |  | Assets, Net |
Amortizing intangibles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 1.0 |  |  | $ | 68,100 |  |  | $ | (65,459 | ) |  | $ | — |  |  | $ | 2,641 |
Host agreements |  | 10.9 |  |  |  | 58,000 |  |  |  | (15,789 | ) |  |  | — |  |  |  | 42,211 |
Development agreement |  | — |  |  |  | 21,373 |  |  |  | — |  |  |  | — |  |  |  | 21,373 |
|  |  |  |  |  | 147,473 |  |  |  | (81,248 | ) |  |  | — |  |  |  | 66,225 |
Indefinite lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | Indefinite |  |  |  | 204,000 |  |  |  | — |  |  |  | (27,200 | ) |  |  | 176,800 |
Gaming license rights |  | Indefinite |  |  |  | 1,378,081 |  |  |  | (33,960 | ) |  |  | (222,174 | ) |  |  | 1,121,947 |
|  |  |  |  |  | 1,582,081 |  |  |  | (33,960 | ) |  |  | (249,374 | ) |  |  | 1,298,747 |
Balances, June 30, 2022 |  |  |  |  | $ | 1,729,554 |  |  | $ | (115,208 | ) |  | $ | (249,374 | ) |  | $ | 1,364,972 |
|  | December 31, 2021 |
|  | Weighted |  |  | Gross |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  | Useful Life |  |  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Intangible |
(In thousands) |  | Remaining (in years) |  |  | Value |  |  | Amortization |  |  | Losses |  |  | Assets, Net |
Amortizing intangibles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 1.5 |  |  | $ | 68,100 |  |  | $ | (63,798 | ) |  | $ | — |  |  | $ | 4,302 |
Host agreements |  | 11.4 |  |  |  | 58,000 |  |  |  | (13,856 | ) |  |  | — |  |  |  | 44,144 |
Development agreement |  | — |  |  |  | 21,373 |  |  |  | — |  |  |  | — |  |  |  | 21,373 |
|  |  |  |  |  | 147,473 |  |  |  | (77,654 | ) |  |  | — |  |  |  | 69,819 |
Indefinite lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | Indefinite |  |  |  | 204,000 |  |  |  | — |  |  |  | (27,200 | ) |  |  | 176,800 |
Gaming license rights |  | Indefinite |  |  |  | 1,377,935 |  |  |  | (33,960 | ) |  |  | (222,174 | ) |  |  | 1,121,801 |
|  |  |  |  |  | 1,581,935 |  |  |  | (33,960 | ) |  |  | (249,374 | ) |  |  | 1,298,601 |
Balances, December 31, 2021 |  |  |  |  | $ | 1,729,408 |  |  | $ | (111,614 | ) |  | $ | (249,374 | ) |  | $ | 1,368,420 |
The following table presents the future amortization expense for our amortizing intangible assets as of June 30, 2022:
(In thousands) |  | Customer Relationships |  |  | Host Agreements |  |  | Total |
For the year ending December 31, |  |  |  |  |  |  |  |  |  |  |  |
2022 (excluding six months ended June 30, 2022) |  | $ | 1,661 |  |  | $ | 1,934 |  |  | $ | 3,595 |
2023 |  |  | 940 |  |  |  | 3,867 |  |  |  | 4,807 |
2024 |  |  | 40 |  |  |  | 3,867 |  |  |  | 3,907 |
2025 |  |  | — |  |  |  | 3,867 |  |  |  | 3,867 |
2026 |  |  | — |  |  |  | 3,867 |  |  |  | 3,867 |
Thereafter |  |  | — |  |  |  | 24,809 |  |  |  | 24,809 |
Total future amortization |  | $ | 2,641 |  |  | $ | 42,211 |  |  | $ | 44,852 |
Goodwill consists of the following:
|  | Gross |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Goodwill, |
(In thousands) |  | Value |  |  | Amortization |  |  | Losses |  |  | 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 |
Balances, June 30, 2022 |  | $ | 1,267,362 |  |  | $ | (6,134 | ) |  | $ | (289,941 | ) |  | $ | 971,287 |
There have been no changes in goodwill, net, during the six months ended June 30, 2022.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration