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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 4. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill, by segment, is composed of the following:
(in millions) | Live and Historical |  | TwinSpires |  | Gaming |  | All Other |  | Total
Balances as of December 31, 2023 | $ | 376.2 |  |  | $ | 233.4 |  |  | $ | 290.3 |  |  | $ | — |  |  | $ | 899.9 |
Adjustments | 0.1 |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.3 |
Balances as of September 30, 2024 | $ | 376.3 |  |  | $ | 233.6 |  |  | $ | 290.3 |  |  | $ | — |  |  | $ | 900.2 |
We performed our annual goodwill impairment analysis as of April 1, 2024, and no adjustment to the carrying value of goodwill was required. We assessed goodwill for impairment by performing qualitative or quantitative analyses for each reporting unit. We concluded that the fair values of our reporting units exceeded their carrying values, and therefore no impairments were identified. Other intangible assets are comprised of the following:
| September 30, 2024 |  | December 31, 2023
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets | $ | 96.0 |  |  | $ | (31.6) |  |  | $ | 64.4 |  |  | $ | 97.5 |  |  | $ | (26.4) |  |  | $ | 71.1 |
Indefinite-lived intangible assets |  |  |  |  | 2,347.3 |  |  |  |  |  |  | 2,347.3 |
Total |  |  |  |  | $ | 2,411.7 |  |  |  |  |  |  | $ | 2,418.4 |
In the second quarter of 2023, the Company recognized a $24.5 million non-cash impairment charge for the Presque Isle Downs and Casino ("Presque Isle") gaming rights and trademark. The Company continues to monitor the current economic conditions and the impacts on the results of operations of Presque Isle. Future economic conditions could have a negative impact on the estimates and assumptions utilized in our asset impairment assessments. These potential impacts could increase the risk of a future impairment of assets at Presque Isle. We performed our annual indefinite-lived intangible assets impairment analysis as of April 1, 2024. We assessed our indefinite-lived intangible assets for impairment by performing qualitative or quantitative analyses for each asset. Based on the results of these analyses, no indefinite-lived intangible asset impairments were identified in connection with our annual impairment testing.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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