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Goodwill and Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Note 4 – Goodwill and Intangible Assets, Net Goodwill and intangible assets, net, consist of the following:
|  | September 30, 2016 |  |  | December 31, 2015 |
|  | (In thousands) |
Goodwill |  | $ | 105,655 |  |  | $ | 96,288 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |
Gaming licenses |  | $ | 960 |  |  | $ | 960 |
Trade names |  |  | 12,200 |  |  |  | 12,200 |
Other |  |  | 110 |  |  |  | 50 |
|  | $ | 13,270 |  |  | $ | 13,210 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |
Customer relationships |  | $ | 78,100 |  |  | $ | 59,200 |
Less: Accumulated amortization |  |  | (5,570 | ) |  |  | (1,744 | )
|  |  | 72,530 |  |  |  | 57,456 |
Player relationships |  |  | 7,300 |  |  |  | 7,600 |
Less: Accumulated amortization |  |  | (750 | ) |  |  | (279 | )
|  |  | 6,550 |  |  |  | 7,321 |
Gaming license |  |  | 2,100 |  |  |  | 2,100 |
Less: Accumulated amortization |  |  | (472 | ) |  |  | (367 | )
|  |  | 1,628 |  |  |  | 1,733 |
Non-compete agreements |  |  | 6,000 |  |  |  | 300 |
Less: Accumulated amortization |  |  | (845 | ) |  |  | (63 | )
|  |  | 5,155 |  |  |  | 237 |
Other intangible assets |  |  | 1,648 |  |  |  | 948 |
Less: Accumulated amortization |  |  | (237 | ) |  |  | (81 | )
|  |  | 1,411 |  |  |  | 867 |
Total finite-lived intangible assets, net |  |  | 87,274 |  |  |  | 67,614 |
Total intangible assets, net |  | $ | 100,544 |  |  | $ | 80,824 |
Goodwill represents the original goodwill allocation related to the Merger and final adjustments to purchase price allocations during the measurement period. The impact of the final purchase price allocation adjustments related to the Merger on the Company's results of operations and financial position was immaterial. The Company may continue to record adjustments to the carrying value of assets acquired with a corresponding offset to goodwill during the measurement period related to the Montana Acquisitions, which can be up to one year from the date of the consummation of the acquisitions. See Note 2, Merger and Acquisitions, for a description of the intangible assets acquired through the Merger and the Montana Acquisitions. Total amortization expense related to intangible assets was $2.0 million and $1.1 million for the three months ended September 30, 2016 and 2015, respectively, and $5.4 million and $1.2 million for the nine months ended September 30, 2016 and 2015, respectively. Estimated future amortization expense related to intangible assets, which includes acquired intangible assets recorded on a preliminary basis, is as follows:
|  | Remainder of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2016 |  |  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | Thereafter |
|  | (In thousands) |
Estimated amortization expense |  | $ | 1,940 |  |  | $ | 7,698 |  |  | $ | 7,610 |  |  | $ | 7,610 |  |  | $ | 7,463 |  |  | $ | 6,481 |  |  | $ | 48,472 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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