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Leases | 12 Months Ended
--- | ---
Dec. 31, 2017
Gain Loss On Sale Of Loans And Leases [Abstract] |
Leases | Note 13 – Leases American Leases The Company acquired various operating and capital leases through the American Acquisition in October 2017. See Note 3, Merger and Acquisitions, for a description of the American Acquisition. For the year ended December 31, 2017, the Company recorded rental revenue of $1.3 million. The future minimum lease payments to be received by the Company under non-cancelable operating leases are as follows:
(In thousands) |  |  |
For the year ending December 31, |  |  |
2018 | $ | 4,137 |
2019 |  | 2,953 |
2020 |  | 1,764 |
2021 |  | 911 |
2022 |  | 102 |
Thereafter |  | — |
Total | $ | 9,867 |
The above minimum rental income does not include contingent rental income or common area maintenance cost reimbursement contained within certain retail operating leases. Rocky Gap Lease The Company entered into an operating ground lease with the Maryland Department of Natural Resources for approximately 270 acres in the Rocky Gap State Park in which Rocky Gap is situated. The lease expires in 2052, with an option to renew for an additional 20 years. Under the lease, rent payments are due and payable annually in the amount of $275,000 plus 0.9% of any gross operator share of gaming revenue (as defined in the lease) in excess of $275,000, and $150,000 plus any surcharge revenue in excess of $150,000. Surcharge revenue consists of amounts billed to and collected from guests and are $3.00 per room per night and $1.00 per round of golf. Rent expense associated with the lease was $0.3 million (net of surcharge revenue of $0.1 million) during each of the years ended December 31, 2017, 2016 and 2015. Gold Town Casino Leases The Company’s Gold Town Casino is located on four leased parcels of land, comprising approximately nine acres in the aggregate, in Pahrump, Nevada. The leases are with unrelated third parties and have various expiration dates beginning in 2026 (for the parcel on which the Company’s main casino building is located, which the Company leases from a competitor). Rent expense associated with these leases was $0.5 million during December 31, 2017 and $0.6 million during each of the years ended December 31, 2016 and 2015. The Company subleases approximately two of the acres to an unrelated third party. Rental income during each of the years ended December 31, 2017, 2016 and 2015 was less than $0.1 million related to the sublease of the two acres in Pahrump, Nevada. Other Operating Leases The Company leases its branded tavern locations, office headquarters building, equipment and vehicles under noncancelable operating leases that are not subject to contingent rents. The original terms of the current leases for the Company’s branded tavern locations range from one to 15 years with various renewal options from one to 15 years. The Company has operating leases with related parties for certain of its tavern locations and its office headquarters building. The lease for the Company’s office headquarters building expires in July 2025. A portion of the office headquarters building is sublet to a related party. Rental income during each of the years ended December 31, 2017 and 2016 was less than $0.1 million for the sublet portion of the office headquarters building. See Note 15, Related Party Transactions, for more detail. Slot placement contracts in the form of space lease agreements are also accounted for as operating leases. Under space lease agreements, the Company pays fixed monthly rental fees for the right to install, maintain and operate its slots at business locations, which are recorded in gaming expenses. Operating lease rental expense, which is calculated on a straight-line basis, net of surcharge revenue, is as follows:
| Year Ended December 31, |
(In thousands) | 2017 |  |  | 2016 |  |  | 2015 |
Space lease agreements | $ | 37,061 |  |  | $ | 40,848 |  |  | $ | 16,032 |
Related party leases |  | 2,035 |  |  |  | 2,429 |  |  |  | 1,108 |
Other operating leases |  | 13,447 |  |  |  | 11,784 |  |  |  | 4,619 |
Total rent expense | $ | 52,543 |  |  | $ | 55,061 |  |  | $ | 21,759 |
Future minimum lease payments, not subject to contingent rents, are as follows:
|  | For the year ending December 31, |  |  |  |  |
(In thousands) |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | Thereafter |  |  | Total |
Space lease agreements |  | $ | 28,038 |  |  | $ | 27,006 |  |  | $ | 7,373 |  |  | $ | 3,652 |  |  | $ | 1,737 |  |  | $ | 703 |  |  | $ | 68,509 |
Related party leases |  |  | 1,559 |  |  |  | 1,535 |  |  |  | 1,535 |  |  |  | 1,535 |  |  |  | 1,536 |  |  |  | 6,097 |  |  |  | 13,797 |
Other operating leases |  |  | 12,221 |  |  |  | 11,513 |  |  |  | 11,360 |  |  |  | 10,572 |  |  |  | 9,428 |  |  |  | 82,428 |  |  |  | 137,522 |
Total minimum operating lease payments |  | $ | 41,818 |  |  | $ | 40,054 |  |  | $ | 20,268 |  |  | $ | 15,759 |  |  | $ | 12,701 |  |  | $ | 89,228 |  |  | $ | 219,828 |
Capital Leases The current and long-term obligations under capital leases are included in “Current portion of long-term debt” and “Long-term debt, net,” respectively. The majority of the capital leases related to vehicles with minimum lease payment terms of four years or less. Future minimum capital lease payments are as follows:
|  | For the year ending December 31, |  |  |  |  |
(In thousands) |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | Thereafter |  |  | Total |
Furniture and equipment |  | $ | 1,087 |  |  | $ | 1,140 |  |  | $ | 1,028 |  |  | $ | 439 |  |  | $ | 85 |  |  | $ | 6,306 |  |  | $ | 10,085 |
Building |  |  | 150 |  |  |  | 150 |  |  |  | 150 |  |  |  | 150 |  |  |  | 163 |  |  |  | 1,588 |  |  |  | 2,351 |
Less: Amounts representing interest |  |  | (319 | ) |  |  | (254 | ) |  |  | (188 | ) |  |  | (145 | ) |  |  | (128 | ) |  |  | (5,563 | ) |  |  | (6,597 | )
Total obligations under capital leases |  | $ | 918 |  |  | $ | 1,036 |  |  | $ | 990 |  |  | $ | 444 |  |  | $ | 120 |  |  | $ | 2,331 |  |  | $ | 5,839 |

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- Definition The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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