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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The Company had goodwill of $114.7 million and $114.4 million as of June 30, 2026 and December 31, 2025, of which $33.3 million was deductible for tax purposes as of June 30, 2026. Goodwill is tested for impairment annually or when triggering events occur. There were no indicators of impairment of goodwill as of June 30, 2026. On June 1, 2026, the Company acquired Rice Palace, Inc. (“Rice Palace”), a Louisiana based operator, for a total purchase price of $6.1 million, of which $0.3 million was recorded as goodwill. The following are the changes in the carrying amount of the Company's goodwill balance during the period (in thousands):
Goodwill balance as of January 1, 2026 | $ | 114,426 |
Addition to goodwill for acquisition of Rice Palace | 311 |
Goodwill balance as of June 30, 2026 | $ | 114,737 |
Other intangible assets Other intangible assets, net consist of definite-lived trade names, customer relationships, software applications and indefinite-lived operating licenses. Other intangible assets are amortized over their estimated 7 to 20-year useful lives. Other intangible assets consist of the following as of June 30, 2026 and December 31, 2025 (in thousands):
|  |  | June 30, 2026 |  | December 31, 2025
| Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer Relationships | 7 years |  | $ | 6,800 |  |  | $ | (4,505) |  |  | $ | 2,295 |  |  | $ | 6,800 |  |  | $ | (4,112) |  |  | $ | 2,688 |
Software Applications | 8 years |  | 7,800 |  |  | (3,982) |  |  | 3,818 |  |  | 7,800 |  |  | (3,494) |  |  | 4,306 |
Trade Names | 20 years |  | 11,700 |  |  | (2,152) |  |  | 9,548 |  |  | 11,700 |  |  | (1,859) |  |  | 9,841 |
Operating Licenses | Indefinite |  | 44,199 |  |  | N/A |  | 44,199 |  |  | 44,199 |  |  | N/A |  | 44,199 |
|  |  | $ | 70,499 |  |  | $ | (10,639) |  |  | $ | 59,860 |  |  | $ | 70,499 |  |  | $ | (9,465) |  |  | $ | 61,034 |
Amortization expense of other intangible assets was $0.6 million and $1.2 million for the three and six months ended June 30, 2026, and 2025, respectively. In May 2025, a one-time payment of $9.5 million was required to open the casino at Fairmount. This payment, which represents a one-time gaming license fee to register the gaming positions in the casino, was recorded as an indefinite-lived operating license. Indefinite-lived intangibles are tested for impairment annually or when triggering events occur. There were no indicators of impairment of indefinite-lived intangibles as of June 30, 2026.

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- Definition The entire disclosure for intangible asset and goodwill. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. + 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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