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Merger and Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2016
Schedule of Number of Shares Common Stock Issued with Merger | The total number of shares of the Company’s common stock issued in connection with the Merger was as follows:
Pre-Merger Value of Lakes |  | Lakes % |  | Pre-Merger Value of Sartini Gaming |  | Sartini Gaming % |  | Total Post-Closing Shares(1) |  | Total Shares Issued in Connection with Merger(2) |
$ | 134,615,083 |  |  | 62.6% |  | $ | 80,523,753 |  |  | 37.4% |  |  | 22,592,260 |  |  | 8,453,565 |
(1) | Calculated as the sum of the number of shares of the Company’s common stock outstanding immediately after the Merger (on a fully diluted basis, including shares issuable upon the exercise of outstanding in-the-money stock options) and the number of shares of the Company’s common stock issued pursuant to the post-closing adjustment provisions of the Merger Agreement.
(2) | Includes 457,172 shares of the Company’s common stock that were issued to certain former holders of warrants issued by a subsidiary of Sartini Gaming upon the closing of the Merger.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | Allocation The final allocation of the $77.4 million purchase price to the assets acquired and liabilities assumed as of July 31, 2015 was as follows (in thousands):
|  | Amount |
Cash |  | $ | 25,539 |
Other current assets |  |  | 14,830 |
Property and equipment |  |  | 83,173 |
Intangible assets |  |  | 80,460 |
Goodwill |  |  | 97,462 |
Current liabilities |  |  | (13,245 | )
Warrant liability |  |  | (3,435 | )
Debt |  |  | (190,587 | )
Deferred tax liability |  |  | (14,576 | )
Other long-term liabilities |  |  | (2,217 | )
Total purchase price |  | $ | 77,404 |
Summary of Property and Equipment Acquired | The amounts assigned to property and equipment by category are summarized in the table below (in thousands):
|  | Remaining Useful Life (Years) |  | Amount Assigned |
Land |  | Not applicable |  | $ | 12,470 |
Land improvements |  | 5-14 |  |  | 4,030 |
Building and improvements |  | 19-25 |  |  | 21,310 |
Leasehold improvements |  | 1-28 |  |  | 20,793 |
Furniture, fixtures and equipment |  | 1-11 |  |  | 21,935 |
Construction in process |  | Not applicable |  |  | 2,635 |
Total property and equipment |  |  |  | $ | 83,173 |
Summary of Intangible Assets Acquired | The amounts assigned to intangible assets by category as of July 31, 2015 are summarized in the table below (in thousands):
|  | Remaining Useful Life (Years) |  | Amount Assigned |
Trade names |  | Indefinite |  | $ | 12,200 |
Player relationships |  | 8-14 |  |  | 7,300 |
Customer relationships |  | 13-16 |  |  | 59,200 |
Gaming licenses |  | Indefinite |  |  | 960 |
Other intangible assets |  | 2-10 |  |  | 800 |
Total intangible assets |  |  |  | $ | 80,460 |
Schedule of Finite-Lived Intangible Assets, Estimated Future Amortization Expense | Estimated future amortization expense related to intangible assets, which includes acquired intangible assets recorded on a preliminary basis, is as follows (in thousands):
|  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | Thereafter |
Estimated amortization expense |  | $ | 7,698 |  |  | $ | 7,610 |  |  | $ | 7,610 |  |  | $ | 7,463 |  |  | $ | 6,481 |  |  | $ | 48,471 |
Summary of Unaudited Pro Forma Combined Financial Information | Unaudited Pro Forma Combined Financial Information The following unaudited pro forma combined financial information for the years ended December 31, 2015 and December 28, 2014 are presented as if the Merger had occurred at the beginning of each period presented:
|  | Twelve Months Ended |
|  | December 31, 2015 |  |  | December 28, 2014 |
|  | (In thousands, except per share data) |
Pro forma combined net revenues |  | $ | 345,437 |  |  | $ | 335,631 |
Pro forma combined net income (loss) |  |  | 27,645 |  |  |  | (38,426 | )
Pro forma combined net income (loss) per share: |  |  |  |  |  |  |  |
Basic |  | $ | 1.27 |  |  | $ | (1.76 | )
Diluted |  | $ | 1.25 |  |  | $ | (1.76 | )
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 21,848 |  |  |  | 21,833 |
Diluted |  |  | 22,073 |  |  |  | 21,833 |
Sartini Gaming [Member] |
Schedule of Finite-Lived Intangible Assets, Estimated Future Amortization Expense | Estimated future amortization expense related to the finite-lived intangible assets acquired in the Merger is as follows (in thousands):
|  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | Thereafter |
Estimated amortization expense |  | $ | 4,965 |  |  | $ | 4,877 |  |  | $ | 4,877 |  |  | $ | 4,877 |  |  | $ | 4,877 |  |  | $ | 35,705 |

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