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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:
(in millions) | Northeast |  | South |  | West |  | Midwest |  | Interactive |  | Other |  | Total
Balance as of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 923.5 |  |  | $ | 236.6 |  |  | $ | 216.8 |  |  | $ | 1,116.7 |  |  | $ | 1,724.0 |  |  | $ | 87.7 |  |  | $ | 4,305.3 |
Accumulated goodwill impairment losses | (761.4) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | — |  |  | (87.7) |  |  | (1,482.8) |
Goodwill, net | $ | 162.1 |  |  | $ | 175.6 |  |  | $ | 200.2 |  |  | $ | 560.6 |  |  | $ | 1,724.0 |  |  | $ | — |  |  | $ | 2,822.5 |
Effect of foreign currency exchange rates | — |  |  | — |  |  | — |  |  | — |  |  | (124.8) |  |  | — |  |  | (124.8) |
Impairment losses during year | (37.4) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (37.4) |
Other (1) | — |  |  | — |  |  | — |  |  | — |  |  | 1.5 |  |  | — |  |  | 1.5 |
Balance as of September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 923.5 |  |  | $ | 236.6 |  |  | $ | 216.8 |  |  | $ | 1,116.7 |  |  | $ | 1,600.7 |  |  | $ | 87.7 |  |  | $ | 4,182.0 |
Accumulated goodwill impairment losses | (798.8) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | — |  |  | (87.7) |  |  | (1,520.2) |
Goodwill, net | $ | 124.7 |  |  | $ | 175.6 |  |  | $ | 200.2 |  |  | $ | 560.6 |  |  | $ | 1,600.7 |  |  | $ | — |  |  | $ | 2,661.8 |
(1)Amount relates to theScore purchase price measurement period adjustment. See Note 6, “Acquisitions and Dispositions”. 2022 Interim Assessment for Impairment During the third quarter of 2022, we identified an indicator of impairment on goodwill and other intangible assets at the Hollywood Casino at Greektown reporting unit due to the majority of the hotel being out of service as a result of a longer than anticipated hotel room renovation related to water damage. As a result, we revised the cash flow projections for the reporting unit to be reflective of current operating results and the related economic environment. As a result of the interim assessment for impairment, during the third quarter of 2022, we recognized impairment charges on our goodwill and gaming licenses of $37.4 million and $65.4 million, respectively. The estimated fair value of the reporting unit was determined through a combination of a discounted cash flow model and a market-based approach, which utilized Level 3 inputs. The estimated fair value of the gaming license was determined by using a discounted cash flow model, which utilized Level 3 inputs. There were no other impairment charges recorded to goodwill and other intangible assets during the three and nine months ended September 30, 2022 and 2021. The goodwill and gaming license impairment charges of $37.4 million and $65.4 million, respectively, pertained to our Northeast segment. The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
| September 30, 2022 |  | December 31, 2021
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Gaming licenses | $ | 1,220.0 |  |  | $ | — |  |  | $ | 1,220.0 |  |  | $ | 1,285.4 |  |  | $ | — |  |  | $ | 1,285.4 |
Trademarks | 330.5 |  |  | — |  |  | 330.5 |  |  | 338.2 |  |  | — |  |  | 338.2 |
Other | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 114.2 |  |  | (100.3) |  |  | 13.9 |  |  | 114.9 |  |  | (91.4) |  |  | 23.5 |
Technology | 241.6 |  |  | (68.9) |  |  | 172.7 |  |  | 252.7 |  |  | (40.5) |  |  | 212.2 |
Other | 26.6 |  |  | (9.8) |  |  | 16.8 |  |  | 19.4 |  |  | (6.8) |  |  | 12.6 |
Total other intangible assets | $ | 1,933.6 |  |  | $ | (179.0) |  |  | $ | 1,754.6 |  |  | $ | 2,011.3 |  |  | $ | (138.7) |  |  | $ | 1,872.6 |
Amortization expense related to our amortizing intangible assets was $14.3 million and $44.2 million for the three and nine months ended September 30, 2022, respectively, as compared to $2.0 million and $6.7 million for the three and nine months ended September 30, 2021, respectively. The following table presents the estimated amortization expense based on our amortizing intangible assets as of September 30, 2022 (in millions):
Years ending December 31, |
2022 (excluding the nine months ended September 30, 2022) | $ | 13.2 |
2023 | 48.3 |
2024 | 44.4 |
2025 | 29.4 |
2026 | 22.9 |
Thereafter | 45.2 |
Total | $ | 203.4 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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