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Goodwill And Indefinite-Lived Intangible Assets Impairment Test | 9 Months Ended
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Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Indefinte-Lived Intangible Assets Impairment Test | NOTE 6 — GOODWILL AND INDEFINITE-LIVED INTANGIBLE ASSETS IMPAIRMENT TEST In accordance with Accounting Standards Update ("ASU") No. 2011-08, Intangibles-Goodwill and Other: Testing Goodwill for Impairment and ASU No. 2012-02, Intangibles-Goodwill and Other: Testing Indefinite-Lived Intangible Assets for Impairment, the Company completed the required annual impairment tests of goodwill and indefinite-lived intangible assets as of March 31, 2015, and no adjustment to the carrying value of goodwill or indefinite-lived intangible assets was required. The Company assessed its goodwill and indefinite-lived intangible assets by performing its step one fair value calculations on a quantitative basis for each of its reporting units and indefinite-lived intangible assets. The Company concluded that the fair values of its reporting units and indefinite-lived intangible assets exceeded their carrying value and therefore step two of the assessment was not required. Goodwill and definite-lived and indefinite-lived intangible assets are summarized as follows (in thousands):
| Big Fish Games |  | Casinos |  | TwinSpires |  | Racing |  | Other Investments |  | Total
Goodwill as of December 31, 2014 | $ | 540,331 |  |  | $ | 117,659 |  |  | $ | 127,364 |  |  | $ | 51,659 |  |  | $ | 3,934 |  |  | $ | 840,947 |
Adjustments | 413 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 413 |
Goodwill as of September 30, 2015 | $ | 540,744 |  |  | $ | 117,659 |  |  | $ | 127,364 |  |  | $ | 51,659 |  |  | $ | 3,934 |  |  | $ | 841,360 |
During the three months ended September 30, 2015, the Company adopted ASU No. 2015-16, Simplifying the Accounting for Measurement Period Adjustments, and as described in Note 2, prospectively recorded a $0.4 million increase to goodwill.
| September 30, 2015 |  | December 31, 2014
| Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
Definite-lived intangible assets | $ | 224,775 |  |  | $ | (73,147 | ) |  | $ | 151,628 |  |  | $ | 238,865 |  |  | $ | (47,236 | ) |  | $ | 191,629 |
Indefinite-lived intangible assets | 358,343 |  |  | — |  |  | 358,343 |  |  | 358,343 |  |  | — |  |  | 358,343 |
Total | $ | 583,118 |  |  | $ | (73,147 | ) |  | $ | 509,971 |  |  | $ | 597,208 |  |  | $ | (47,236 | ) |  | $ | 549,972 |
During the nine months ended September 30, 2015, the Company reduced its customer relationships intangible asset and accumulated amortization by $14.0 million, related to TwinSpires, as this amount was fully amortized. In addition, the Company reduced its customer relationships intangible asset and accumulated amortization by $0.1 million, related to Bluff Media ("Bluff"), as this amount was fully amortized. Finally, the Company submitted payment of $2.3 million for its annual license fee for Calder Casino and reduced its slot license intangible asset and accumulated amortization by $2.3 million as the previous payment was fully amortized.

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