XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
Fair Value Measurements |
Schedule of carrying amount and estimated fair values of financial instruments | The carrying amounts and estimated fair values by input level of the Company’s financial instruments at March 31, 2017 and December 31, 2016 are as follows (in thousands):
|  | March 31, 2017 |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 259,488 |  | $ | 259,488 |  | $ | 259,488 |  | $ | — |  | $ | — |
Advances to Jamul Tribe |  |  | 92,334 |  |  | 98,198 |  |  | — |  |  | — |  |  | 98,198 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior secured credit facility |  |  | 896,539 |  |  | 934,750 |  |  | 803,750 |  |  | 131,000 |  |  | — |
Senior unsecured notes |  |  | 399,228 |  |  | 394,000 |  |  | 394,000 |  |  | — |  |  | — |
Other long-term obligations |  |  | 126,052 |  |  | 124,424 |  |  | — |  |  | 124,424 |  |  | — |
Other liabilities |  |  | 50,783 |  |  | 50,783 |  |  | — |  |  | — |  |  | 50,783 |
|  | December 31, 2016 |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 229,510 |  | $ | 229,510 |  | $ | 229,510 |  | $ | — |  | $ | — |
Advances to Jamul Tribe |  |  | 92,100 |  |  | 98,000 |  |  | — |  |  | — |  |  | 98,000 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior secured credit facility |  |  | 962,703 |  |  | 976,092 |  |  | 785,092 |  |  | 191,000 |  |  | — |
Senior unsecured notes |  |  | 296,895 |  |  | 312,000 |  |  | 312,000 |  |  | — |  |  | — |
Other long-term obligations |  |  | 154,084 |  |  | 152,132 |  |  | — |  |  | 152,132 |  |  | — |
Other liabilities |  |  | 48,244 |  |  | 48,244 |  |  | — |  |  | — |  |  | 48,244 |
Summary of the changes in fair value of Level 3 liabilities | The following table summarizes the changes in fair value of the Company’s Level 3 liabilities (in thousands):
|  | Three Months Ended |
|  | March 31, 2017 |
|  | Liabilities |
|  | Contingent |
|  | Purchase Price |
Balance at January 1, 2017 |  | $ | 48,244 |
Additions |  |  | — |
Payments |  |  | (21) |
Included in earnings |  |  | 2,560 |
Balance at March 31, 2017 |  | $ | 50,783 |
Summary of significant unobservable inputs used in calculating fair value Level 3 liabilities |
|  | Valuation |  | Unobservable |  |  |  |  |  |
|  | Technique |  | Input |  | Discount Rate |  |  | Volatility Rate |
Contingent purchase price - Plainridge |  | Discounted cash flow |  | Discount rate |  | 8.30 | % |  | N/A | %
Contingent purchase price - Rocket Speed |  | Option pricing method |  | Discount rate, Volatility rate |  | 12.00 | % |  | 83.11 | %

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration