XML 28 R12.htm IDEA: XBRL DOCUMENT v3.22.4
Note 5 - Goodwill
 12 Months Ended
Dec. 31, 2022
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

 

Effect of Foreign Currency Exchange

 

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

 760,835 — (133,462) 20 627,393

Balance, December 31, 2022

 $1,361,399 $(6,134) $(321,541) $20 $1,033,744

 

Changes in Goodwill

During the year ended December 31, 2022, we recorded $94.0 million of goodwill, in our Midwest & South segment related to our acquisition of Pala Interactive and Pala Canada, and impairment charges of $31.6 million related to our Midwest & South segment. 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 related to our Las Vegas Locals segment and $89.4 million related to our Midwest & South segment.

 

The following table sets forth the changes in our goodwill, net, during the years ended December 31, 2022, 2021 and 2020.

 

(In thousands)

 

Goodwill, Net

Balance, January 1, 2020

 $1,083,287

Impairments

 (112,000)

Balance, December 31, 2020

 971,287

Account activity

 —

Balance, December 31, 2021

 971,287

Additions

 94,037

Effect of foreign currency exchange

 20

Impairments

 (31,600)

Balance, December 31, 2022

 $1,033,744