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Merger and Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2017
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.
ACEP Holdings [Member] |
Summary of Components of Purchase Price Paid | The following is a summary of the components of the purchase price paid by the Company to the sellers in the American Acquisition (after taking into account the adjustment to the cash portion of the purchase price pursuant to the post-closing adjustment provisions of the purchase agreement, as described above):
(In thousands) |  |  |  | Amount |
Cash consideration |  |  |  | $ | 787,581 |
Fair value of common stock issued to ACEP Holdings |  |  |  |  | 101,486 |
Total purchase price |  |  |  | $ | 889,067 |
Schedule of Acquisition Final/Preliminary Purchase Price Allocation | The following table summarizes the preliminary allocation of the purchase price as of October 20, 2017 (the closing date of the American Acquisition), based on preliminary estimates of the fair values of the assets acquired and liabilities assumed:
(In thousands) |  |  |  | Amount |
Current assets |  |  |  | $ | 83,079 |
Property and equipment |  |  |  |  | 754,581 |
Other noncurrent assets |  |  |  |  | 264 |
Intangible assets |  |  |  |  | 66,140 |
Goodwill |  |  |  |  | 52,479 |
Liabilities |  |  |  |  | (67,476 | )
Total assets acquired, net of liabilities assumed |  |  |  | $ | 889,067 |
Summary of Recorded/Preliminary Values of Property and Equipment Acquired and Estimated Useful Lives By Category | The following table summarizes the preliminary values assigned to acquired property and equipment and estimated useful lives by category:
|  | Remaining |  | Amount Assigned |
|  | Useful Life (Years) |  | (In thousands) |
Land |  | Not applicable |  | $ | 106,800 |
Land improvements |  | 15 |  |  | 6,240 |
Building and improvements |  | 45 |  |  | 607,698 |
Furniture, fixtures and equipment |  | 3-4 |  |  | 32,829 |
Construction in process |  | Not applicable |  |  | 1,014 |
Total property and equipment |  |  |  | $ | 754,581 |
Summary of Recorded/Preliminary Values of Intangible Assets Acquired and Estimated Useful Lives By Category | The following table summarizes the preliminary values assigned to acquired intangible assets and estimated useful lives by category:
|  | Remaining |  | Amount Assigned |
|  | Useful Life (Years) |  | (In thousands) |
Trade names |  | Indefinite |  | $ | 34,510 |
Players loyalty programs |  | 3 |  |  | 26,850 |
Leasehold interest |  | 3-80 |  |  | 3,110 |
In-place lease value |  | 3-4 |  |  | 1,670 |
Total intangible assets |  |  |  | $ | 66,140 |
Summary of Unaudited Pro Forma Combined Financial Information | The following table summarizes certain unaudited pro forma combined financial information derived from a combination of the historical consolidated financial statements of the Company and of American for the years ended December 31, 2017 and 2016, adjusted to give effect to the American Acquisition and related transactions (including the refinancing). The unaudited pro forma combined financial information was prepared as if the American Acquisition occurred on January 1, 2016.
| Year Ended December 31, |
| 2017 |  |  | 2016 |
(In thousands, except per share data) |  |  |  |  |  |  |
Pro forma combined net revenues | $ | 843,484 |  |  | $ | 794,265 |
Pro forma combined net income |  | 23,107 |  |  |  | 28,338 |
Pro forma combined net income per share: |  |  |  |  |  |  |
Basic | $ | 0.88 |  |  | $ | 1.08 |
Diluted |  | 0.83 |  |  |  | 1.07 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |
Basic |  | 26,342 |  |  |  | 26,181 |
Diluted |  | 27,897 |  |  |  | 26,500 |
Sartini Gaming [Member] |
Schedule of Acquisition Final/Preliminary Purchase Price Allocation | 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 Recorded/Preliminary Values of Property and Equipment Acquired and Estimated Useful Lives By Category | The amounts assigned to property and equipment by category are summarized in the table below:
|  | Remaining |  | Amount Assigned |
|  | Useful Life (Years) |  | (In thousands) |
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 Recorded/Preliminary Values of Intangible Assets Acquired and Estimated Useful Lives By Category | The amounts assigned to intangible assets by category as of July 31, 2015 are summarized in the table below:
|  | Remaining |  | Amount Assigned |
|  | Useful Life (Years) |  | (In thousands) |
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 |

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