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Note 1 - Nature of Business and Basis of Presentation | 3 Months Ended
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Mar. 31, 2016
Notes to Financial Statements |
Significant Accounting Policies [Text Block] | Note 1 – Nature of Business and Basis of Presentation Overview Golden Entertainment, Inc. (formerly Lakes Entertainment, Inc.) and its wholly owned subsidiaries (the “Company”) is a diversified group of gaming companies that focus on distributed gaming (including tavern gaming) and casino and resort operations. On July 31, 2015, the Company acquired Sartini Gaming, Inc. (“Sartini Gaming”) through the merger of a wholly owned subsidiary of the Company with and into Sartini Gaming, with Sartini Gaming surviving as a wholly owned subsidiary of the Company (the “Merger”). The results of operations of Sartini Gaming and its subsidiaries have been included in the Company’s results subsequent to that date. In connection with the Merger, the Company’s name was changed to Golden Entertainment, Inc. See Note 2, Merger and Acquisitions , for information regarding the Merger. The Company conducts its business through two reportable operating segments: Distributed Gaming and Casinos. The Company’s Distributed Gaming segment involves the installation, maintenance and operation of gaming devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area. The Company’s Casinos segment consists of the Rocky Gap Casino Resort in Flintstone, Maryland (“Rocky Gap”) and three casinos in Pahrump, Nevada: Pahrump Nugget Hotel Casino (“Pahrump Nugget”), Gold Town Casino and Lakeside Casino & RV Park. On January 29, 2016, the Company completed the acquisition of approximately 1,000 gaming devices from a distributed gaming operator in Montana, as well as certain other non-gaming assets and the right to operate within certain locations (the “Initial Montana Acquisition”); see Note 2, Merger and Acquisitions , for information regarding the Initial Montana Acquisition. Additionally, on April 22, 2016, the Company completed the acquisition of approximately 1,800 gaming devices from a second distributed gaming operator in Montana, as well as over 500 amusement devices and other non-gaming assets and the right to operate within certain locations (the “Second Montana Acquisition”); see Note 14, Subsequent Events , for information regarding the Second Montana Acquisition. On October 28, 2015, the Company’s Board of Directors approved a change in the Company’s fiscal year from a 52- or 53-week fiscal year ending on the Sunday closest to December 31 of each year to a calendar year ending on December 31, effective as of the beginning of the third quarter of 2015. As a result of this change, the Company’s fiscal quarters for 2015 ended on March 29, 2015, June 28, 2015, September 30, 2015 and December 31, 2015. Beginning January 1, 2016, the Company’s fiscal quarters end on March 31, June 30, September 30 and December 31. Basis of Presentation The unaudited consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial information. Accordingly, certain information normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) has been condensed and/or omitted. For further information, please refer to the audited consolidated financial statements of the Company for the year ended December 31, 2015 and the notes thereto included in the Company’s Annual Report on Form 10-K previously filed with the SEC. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s results for the periods presented. Results for interim periods should not be considered indicative of the results to be expected for the full year. The accompanying unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. In addition to recasting prior period segment information to reflect the new segment structure, certain other minor reclassifications have been made to the 2015 amounts to conform to the current presentation. New Accounting Standards While management co n tinues to assess the possible impact on the Company's co n so lid ated financ i al sta tements of the future adoption of new accounting standards that are not yet effective, management currently believes that the following new standards may have material effects:
| ● | In Feb ru ary 20 1 6, the Financial Accounting Standards Boa rd (“FASB”) i ss ued Accounting Standards Update No. 20 1 6-02, Leases (“ A SU 2016-02”) , wh i c h replaces the exist in g guidance. ASU 20 1 6-02 is effect iv e for fi sca l yea r s , and in ter im periods within those years , beginning the first quarter of 2019 . ASU 2 016 -02 requires a dual approach for le sse e accounting under w hi c h a le ssee wo uld acco unt for l eases as finance lea ses or operat i ng lea ses. Both fin a nce lea ses and operating l eases wi ll resu lt in the le ssee recogn i z ing a right-of-use asset and a corresponding l ease liability .
| ● | In May 2014, the FASB issued a comprehensive new revenue recognition model (ASU No. 2014-09, Revenue Contracts with Customers ), and has amended it twice, in March 2016 (ASU No. 2016-08, Principal versus Agent Considerations ) and in April 2016, (ASU No. 2016-10, Identifying Performance Obligations and Licensing ). These standards will be effective for the first quarter of 2018.
No other recently issued accounting standards that are n ot yet effective have been identified that management believes are lik ely t o have a materia l impact on the Company's financial statements.

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