XML 54 R34.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Details of goodwill | A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:
(in millions) | Northeast |  | South |  | West |  | Midwest |  | Other |  | Total
Balance as of January 1, 2019 |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 848.4 |  |  | $ | 185.2 |  |  | $ | 210.4 |  |  | $ | 1,110.1 |  |  | $ | 156.1 |  |  | $ | 2,510.2 |
Accumulated goodwill impairment losses | (707.6) |  |  | (34.6) |  |  | (16.6) |  |  | (435.3) |  |  | (87.7) |  |  | (1,281.8) |
Goodwill, net | 140.8 |  |  | 150.6 |  |  | 193.8 |  |  | 674.8 |  |  | 68.4 |  |  | 1,228.4 |
Goodwill acquired during year | 67.4 |  |  | 44.2 |  |  | — |  |  | — |  |  | — |  |  | 111.6 |
Impairment losses during year | (10.3) |  |  | (17.4) |  |  | — |  |  | (60.3) |  |  | — |  |  | (88.0) |
Other (1) | (1.5) |  |  | 7.2 |  |  | 6.4 |  |  | 6.6 |  |  | — |  |  | 18.7 |
Balance as of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | 914.3 |  |  | 236.6 |  |  | 216.8 |  |  | 1,116.7 |  |  | 156.1 |  |  | 2,640.5 |
Accumulated goodwill impairment losses | (717.9) |  |  | (52.0) |  |  | (16.6) |  |  | (495.6) |  |  | (87.7) |  |  | (1,369.8) |
Goodwill, net | 196.4 |  |  | 184.6 |  |  | 200.2 |  |  | 621.1 |  |  | 68.4 |  |  | 1,270.7 |
Impairment losses during year | (43.5) |  |  | (9.0) |  |  | — |  |  | (60.5) |  |  | — |  |  | (113.0) |
Other (2) | — |  |  | — |  |  | — |  |  | — |  |  | (0.6) |  |  | (0.6) |
Balance as of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | 914.3 |  |  | 236.6 |  |  | 216.8 |  |  | 1,116.7 |  |  | 155.5 |  |  | 2,639.9 |
Accumulated goodwill impairment losses | (761.4) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | (87.7) |  |  | (1,482.8) |
Goodwill, net | $ | 152.9 |  |  | $ | 175.6 |  |  | $ | 200.2 |  |  | $ | 560.6 |  |  | $ | 67.8 |  |  | $ | 1,157.1 |
(1)Amounts relate to adjustments made to the preliminary purchase price allocation of Pinnacle during the year ended December 31, 2019, prior to it being finalized. (2)Amounts relate to the write-off of goodwill related to the land sale at Sanford Orlando Kennel Club which discontinued our racing operations. The write-off of this goodwill balance is included as a component of the gain calculation recorded on the sale. As of October 1, 2020, the date of the most recent annual impairment test, seven reporting units had negative carrying amounts. The amount of goodwill at these reporting units was as follows (in millions):
Northeast segment |
Hollywood Casino at Charles Town Races | $ | 8.7 |
Hollywood Casino Toledo | $ | 5.8 |
Plainridge Park Casino | $ | 6.3 |
South segment |
Ameristar Vicksburg | $ | 19.5 |
Boomtown New Orleans | $ | 5.2 |
West segment |
Cactus Petes and Horseshu | $ | 10.2 |
Midwest segment |
Ameristar Council Bluffs | $ | 36.2 |
Schedule of indefinite-lived intangible assets | The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
| December 31, 2020 |  | December 31, 2019
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Gaming licenses | $ | 1,246.1 |  |  | $ | — |  |  | $ | 1,246.1 |  |  | $ | 1,681.9 |  |  | $ | — |  |  | $ | 1,681.9 |
Trademarks | 240.9 |  |  | — |  |  | 240.9 |  |  | 302.4 |  |  | — |  |  | 302.4 |
Other | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 106.9 |  |  | (85.2) |  |  | 21.7 |  |  | 104.4 |  |  | (69.0) |  |  | 35.4 |
Other | 39.6 |  |  | (35.5) |  |  | 4.1 |  |  | 36.1 |  |  | (30.0) |  |  | 6.1 |
Total other intangible assets | $ | 1,634.2 |  |  | $ | (120.7) |  |  | $ | 1,513.5 |  |  | $ | 2,125.5 |  |  | $ | (99.0) |  |  | $ | 2,026.5 |
Schedule of finite-lived intangible assets | The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
| December 31, 2020 |  | December 31, 2019
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Gaming licenses | $ | 1,246.1 |  |  | $ | — |  |  | $ | 1,246.1 |  |  | $ | 1,681.9 |  |  | $ | — |  |  | $ | 1,681.9 |
Trademarks | 240.9 |  |  | — |  |  | 240.9 |  |  | 302.4 |  |  | — |  |  | 302.4 |
Other | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 106.9 |  |  | (85.2) |  |  | 21.7 |  |  | 104.4 |  |  | (69.0) |  |  | 35.4 |
Other | 39.6 |  |  | (35.5) |  |  | 4.1 |  |  | 36.1 |  |  | (30.0) |  |  | 6.1 |
Total other intangible assets | $ | 1,634.2 |  |  | $ | (120.7) |  |  | $ | 1,513.5 |  |  | $ | 2,125.5 |  |  | $ | (99.0) |  |  | $ | 2,026.5 |
Expected intangible asset amortization expense | The following table presents the estimated amortization expense based on our amortizing intangible assets as of December 31, 2020 (in millions):
Years ending December 31: |
2021 | $ | 7.4 |
2022 | 5.5 |
2023 | 3.9 |
2024 | 3.7 |
2025 | 4.9 |
Thereafter | 0.4 |
Total | $ | 25.8 |

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

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration