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Other Intangible Assets
12 Months Ended
Dec. 31, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Other Intangible Assets
OTHER INTANGIBLE ASSETS
Other intangible assets are comprised of the following:
 
December 31, 2015
 
December 31, 2014
(in thousands)
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Developed technology
$
87,000

 
$
(23,264
)
 
$
63,736

 
$
87,000

 
$
(931
)
 
$
86,069

Customer relationships
75,133

 
(47,149
)
 
27,984

 
89,203

 
(39,399
)
 
49,804

Strategic development
30,500

 
(6,585
)
 
23,915

 
30,500

 
(263
)
 
30,237

In-process research & development
12,700

 
(2,622
)
 
10,078

 
12,700

 
(105
)
 
12,595

Favorable contracts
11,000

 
(5,554
)
 
5,446

 
11,000

 
(4,907
)
 
6,093

Other
3,699

 
(356
)
 
3,343

 
3,719

 
(326
)
 
3,393

Slots gaming license
2,250

 
(1,125
)
 
1,125

 
2,250

 
(1,125
)
 
1,125

Table games license
2,493

 
(310
)
 
2,183

 
2,493

 
(180
)
 
2,313

 
$
224,775

 
$
(86,965
)
 
$
137,810

 
$
238,865

 
$
(47,236
)
 
$
191,629

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
 
 
 
225,729

 
 
 
 
 
225,729

Slots gaming rights
 
 
 
 
128,890

 
 
 
 
 
128,890

Illinois Horseracing Equity Trust
 
 
 
 
3,307

 
 
 
 
 
3,307

Other
 
 
 
 
417

 
 
 
 
 
417

Total
 
 
 
 
$
496,153

 
 
 
 
 
$
549,972


Amortization expense for definite-lived intangible assets was approximately $56.1 million in 2015, $13.3 million in 2014 and $12.2 million in 2013 and is classified in operating expense. We submitted payments of $2.3 million for 2015 and 2014 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.
In 2015, we reduced our customer relationships intangible asset and accumulated amortization for TwinSpires by $14.0 million as this amount was fully amortized.
In 2014, we 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.
We performed our annual indefinite-lived intangible asset impairment analysis for 2015 in accordance with ASU No. 2012-02, Intangibles-Goodwill and Other: Testing Indefinite-Lived Intangible Assets for Impairment. This analysis included an assessment of quantitative factors to determine whether it is more likely than not that the fair values of the indefinite-lived intangible assets are less than the carrying amounts. We assessed our indefinite-lived intangible assets by performing fair value calculations for each of our indefinite-lived intangible assets. We concluded that the fair values of our indefinite-lived intangible assets exceeded the carrying values. Based on the annual indefinite-lived intangible asset impairment analysis for 2015 and 2014, we concluded that indefinite-lived intangible assets had not been impaired.
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
2016
 
$
50,687

2017
 
$
36,760

2018
 
$
18,716

2019
 
$
16,638

2020
 
$
4,586


Future estimated amortization expense does not include additional payments of $2.3 million in 2016 and in each year thereafter for the ongoing amortization of future expected annual Florida slots gaming license fees not yet incurred or paid.