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v3.3.1.900

Spin-Off of Real Estate Assets through a Real Estate Investment Trust (Details) $ in Thousands |  |  | 12 Months Ended
--- | --- | --- | ---
Nov. 01, 2013 USD ($) Option shares | Oct. 30, 2013 USD ($) shares | Dec. 31, 2014 USD ($) | Dec. 31, 2013 USD ($)
Spin-Off of Real Estate Assets through a Real Estate Investment Trust |  |  |  |
Number of shares of common stock that were issued to the holders of common stock and Series C convertible preferred stock | shares | 1 |  |  |
Number of shares of Series C preferred stock entitled by one share of common stock on the record date | 0.001 |  |  |
Number of additional GLPI shares received by Peter M. Carlino and the PMC Delaware Dynasty Trust in exchange for 2,167,393 shares of Penn common stock before the "Spin-Off" | shares |  | 882,129 |  |
Number of Penn common stock exchanged for 882,129 GLPI common shares from Peter M. Carlino and the PMC Delaware Dynasty Trust before the "Spin-Off" | shares |  | 2,167,393 |  |
Aggregate consideration based on the closing price of the GLPI common stock on October 30, 2013 |  | $ 39,100 |  |
Aggregate consideration based on the closing price of the Penn common stock on October 30, 2013 |  | 28,400 |  |
Transaction Costs Carlino Exchange |  | 10,700 |  | $ 10,695
Percentage of common stock required to be owned by Carlino Group to qualify as a real estate investment trust | 9.90% |  |  |
Property and equipment associated to the failed spin-off and not derecognized | $ 2,000,000 |  |  |
Assets and liabilities contributed to GLPI |  |  |  |
Cash and cash equivalents | 240,202 |  |  |
Current deferred income tax assets | 6,157 |  |  |
Other current assets | 3,116 |  |  |
Property and equipment, net | 115,731 |  |  |
Goodwill | 75,521 |  |  |
Other intangible assets | 9,577 |  |  |
Debt issuance costs | 39,862 |  |  |
Other assets | 36,378 |  |  |
Accounts payable and accrued expenses | (16,055) |  |  |
Income taxes | (5,296) |  |  |
Other current liabilities | (12,312) |  |  |
Long-term debt | (2,350,000) | $ (2,350,000) |  |
Long-term deferred income tax liabilities | (4,248) |  |  |
Sub total | (1,861,367) |  |  |
Adjustment for GLPI financing obligation | 3,516,210 |  |  |
Net impact of Spin-Off | $ 1,654,843 |  |  |
Period of the Master Lease agreement | 15 years |  |  |
Number of lease renewal options | Option | 4 |  |  |
Term of lease renewal options | 5 years |  |  |
Decrease to shareholders' equity |  |  | $ (2,500) | (1,654,843)
Transaction costs of Spin-Off |  |  | $ 900 | $ 39,500

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- Definition The aggregate consideration of Gaming and Leisure Properties, Inc. ("GLPI") common stock received, in exchange for Penn common stock. + References No definition available. + Details
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- Definition The aggregate consideration of Penn common stocks transferred, in exchange for Gaming and Leisure Properties, Inc. ("GLPI") common stock + References No definition available. + Details
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- Definition Represents the period of the Master Lease agreement (including extensions). + References No definition available. + Details
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- Definition Represents the number of shares of common stock of Gaming and Leisure Properties, Inc. ("GLPI") exchanged by the holders for the reporting entity's common share. + References No definition available. + Details
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- Definition Represents the number of common shares transferred to the holders in exchange for Gaming and Leisure Properties, Inc. ("GLPI") common stocks. + References No definition available. + Details
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- Definition Represents the percentage of common stock required to be owned by the Carlino Group to qualify as a real estate investment trust. + References No definition available. + Details
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- Definition Amount of property, plant, and equipment of a failed spin-off of real estate assets. + References No definition available. + Details
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- Definition Amount of accounts payable and accrued expenses contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Amount of cash and cash equivalents contributed associated with the spin-off of real estate assets transaction related to financing. + References No definition available. + Details
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- Definition Amount of debt issuance costs related to spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Represents the current portion of deferred tax asset contributed in spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Amount of goodwill contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Amount of income tax liabilities contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Amount of intangible assets contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Amount of long-term debt contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Represents the number of shares of common stock that were issued to the holders of common stock and series C convertible preferred stock holders upon satisfaction or waiver of conditions to the spin-off. + References No definition available. + Details
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- Definition Represents the number of shares of Series C preferred stock, entitled by one share of common stock on the record date. + References No definition available. + Details
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- Definition Amount of other assets contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Amount of other current assets contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Amount of other current liabilities contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Amount of property, plant, and equipment contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Represents the transaction costs incurred associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition Adjustment for financing obligation and deferred tax impact associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition The net amount of assets and liabilities contributed associated with the spin-off of real estate assets transaction, after adjustment for financing obligation and deferred tax impact. + References No definition available. + Details
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- Definition Amount of long-term deferred income tax liabilities contributed associated with the spin-off of real estate assets transaction. + References No definition available. + Details
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- Definition The net amount of assets and liabilities contributed associated with the spin-off of real estate assets transaction, before adjustment for financing obligation and deferred tax impact. + References No definition available. + Details
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- Definition Amount of transaction costs directly attributed to the Carlino exchange. + References No definition available. + Details
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- Definition The change in equity as a result of a spin-off transaction (a regular or reverse spin-off) which is based on the recorded amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Spinoff -URI http://asc.fasb.org/extlink&oid=6749415 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 60 -Section 25 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6406278&loc=d3e26268-112671 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reverse Spinoff -URI http://asc.fasb.org/extlink&oid=6524171 + Details
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