XML 86 R16.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract] |
Other Intangible Assets | OTHER INTANGIBLE ASSETS The Company’s other intangible assets are comprised of the following (in thousands):
| December 31, 2014 |  | December 31, 2013
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Favorable contracts | $ | 11,000 |  |  | $ | (4,907 | ) |  | $ | 6,093 |  |  | $ | 11,000 |  |  | $ | (4,260 | ) |  | $ | 6,740 |
Customer relationships | 89,203 |  |  | (39,399 | ) |  | 49,804 |  |  | 56,540 |  |  | (30,464 | ) |  | 26,076 |
Slots gaming license | 2,250 |  |  | (1,125 | ) |  | 1,125 |  |  | 2,250 |  |  | (1,125 | ) |  | 1,125 |
Table games license | 2,493 |  |  | (180 | ) |  | 2,313 |  |  | 2,493 |  |  | (50 | ) |  | 2,443 |
Developed Technology | 87,000 |  |  | (931 | ) |  | 86,069 |  |  | — |  |  | — |  |  | — |
In-Process Research & Development | 12,700 |  |  | (105 | ) |  | 12,595 |  |  | — |  |  | — |  |  | — |
Strategic Development | 30,500 |  |  | (263 | ) |  | 30,237 |  |  | — |  |  | — |  |  | — |
Other | 3,719 |  |  | (326 | ) |  | 3,393 |  |  | 3,719 |  |  | (297 | ) |  | 3,422 |
| $ | 238,865 |  |  | $ | (47,236 | ) |  | 191,629 |  |  | $ | 76,002 |  |  | $ | (36,196 | ) |  | 39,806 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Slots gaming rights |  |  |  |  | 128,890 |  |  |  |  |  |  | 128,890 |
Trademarks |  |  |  |  | 225,729 |  |  |  |  |  |  | 25,729 |
Illinois Horseracing Equity Trust |  |  |  |  | 3,307 |  |  |  |  |  |  | 3,307 |
Other |  |  |  |  | 417 |  |  |  |  |  |  | 417 |
Total |  |  |  |  | $ | 549,972 |  |  |  |  |  |  | $ | 198,149 |
Amortization expense for definite-lived intangible assets was approximately $13.3 million, $12.2 million and $11.2 million for the years ended December 31, 2014, 2013 and 2012, respectively, and is classified in operating expenses. The Company submitted payments of $2.3 million for each of the years ended December 31, 2014 and 2013, respectively, for annual license fees for Calder Casino. Payments are being amortized to expense over the annual license period. Indefinite-lived intangible assets consist primarily of state gaming licenses in Maine, Mississippi and Florida, rights to participate in the Horse Racing Equity Fund and trademarks. During the year ended December 31, 2014, the Company established definite-lived intangible assets of $162.9 million and indefinite-lived intangible assets of $200.0 million related to the Big Fish Games acquisition. During the year ended December 31, 2013, the Company established definite-lived intangible assets of $3.8 million and indefinite-lived intangible assets of $60.9 million related to the Oxford acquisition. During November 2013, the Company paid $0.4 million to the State of Maine for table game fees that are being amortized over a 20-year contract period. During the year ended December 31, 2013, the Company reduced customer relationships and accumulated amortization by $2.8 million and other definite-lived intangibles and accumulated amortization by $0.4 million, related to the Harlow's acquisition, as these amounts were fully amortized. Finally, the Company expensed $0.2 million of definite-lived and indefinite lived assets related to the disposal of Fight! Magazine. Indefinite-lived intangible assets are tested for impairment on an annual basis as of March 31. In March 2013, the Company adopted ASU No. 2012-02, Intangibles-Goodwill and Other: Testing Indefinite-Lived Intangible Assets for Impairment. ASU 2012-02 simplifies indefinite-lived intangible asset impairment testing by adding a qualitative review step to assess whether a quantitative impairment analysis is necessary. Under the amended guidance, a testing methodology similar to that which is performed for goodwill impairment testing is acceptable for assessing a company's indefinite-lived intangible assets. The Company completed the required annual impairment tests of indefinite-lived intangible assets as of March 31, 2014, and no adjustment to the carrying value of indefinite-lived intangible assets was required. The Company assessed its indefinite-lived intangible assets by qualitatively evaluating events and circumstances that have both positive and negative factors, including macroeconomic conditions, industry events, financial performance and other changes and concluded that it was more likely than not that fair value of its indefinite-lived intangible assets exceeds their carrying value. Future estimated amortization expense does not include additional payments of $2.3 million in 2013 and in each year thereafter for the ongoing amortization of future expected annual Florida slots gaming license fees not yet incurred or paid. Future estimated aggregate amortization expense on existing definite-lived intangible assets for each of the next five fiscal years is as follows (in thousands):
Year Ended December 31, |  | Estimated Amortization Expense
2015 |  | $ | 53,818 |
2016 |  | $ | 51,596 |
2017 |  | $ | 35,927 |
2018 |  | $ | 18,716 |
2019 |  | $ | 16,638 |

X
- Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration