XML 33 R13.htm IDEA: XBRL DOCUMENT

Note 5 - Goodwill

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Goodwill Disclosure [Text Block]

NOTE 5. GOODWILL

Goodwill consists of the following:

		*December 31, 2023*
														*Effect of*
		*Gross*								*Accumulated*				*Foreign*
		*Carrying*				*Accumulated*				*Impairment*				*Currency*				*Goodwill,*
*(In thousands)*		*Value*				*Amortization*				*Losses*				*Exchange*				*Net*
Goodwill, net by Segment
Las Vegas Locals		$	593,567			$	—			$	(188,079	)		$	—			$	405,488
Downtown Las Vegas			6,997				(6,134	)			—				—				863
Midwest & South			636,269				—				(107,470	)			—				528,799
Online			94,037				—				(82,000	)			154				12,191
Managed & Other			30,529				—				(30,529	)			—				—
Balances, December 31, 2023		$	1,361,399			$	(6,134	)		$	(408,078	)		$	154			$	947,341

		December 31, 2022
														Effect of
		*Gross*								*Accumulated*				*Foreign*
		*Carrying*				*Accumulated*				*Impairment*				*Currency*				*Goodwill,*
*(In thousands)*		*Value*				*Amortization*				*Losses*				*Exchange*				*Net*
Goodwill, net by Segment
Las Vegas Locals		$	593,567			$	—			$	(188,079	)		$	—			$	405,488
Downtown Las Vegas			6,997				(6,134	)			—				—				863
Midwest & South			636,269				—				(107,470	)			—				528,799
Online			94,037				—				—				20				94,057
Managed & Other			30,529				—				(25,992	)			—				4,537
Balances, December 31, 2022		$	1,361,399			$	(6,134	)		$	(321,541	)		$	20			$	1,033,744

Goodwill as of December 31, 2022 has been recast to reflect changes made in first quarter 2023 to the Company's segments. Goodwill in total as of December 31, 2022 did not change. See additional discussion in Note 14, Segment Information.

Impairments and Other Charges

During the year ended December 31, 2023, we recorded goodwill impairment charges of $86.5 million, of which $82.0 million related to our Online segment and $4.5 million related to Managed & Other, our aggregated other nonreportable operating segments category.

During the year ended December 31, 2022, we recorded $94.0 million of goodwill, in our Online segment related to our acquisition of Boyd Interactive, 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.

The following table sets forth the changes in our goodwill, net, during the years ended December 31, 2023, 2022 and 2021.

*(In thousands)*		*Goodwill, Net*
Balance, January 1, 2021		$	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
Effect of foreign currency exchange			134
Impairments			(86,537	)
Balance, December 31, 2023		$	947,341