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Goodwill and Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Note 5 – Goodwill and Intangible Assets, Net The following table summarizes goodwill activity by reportable segment:
(In thousands) |  | Casinos |  |  | Distributed Gaming |  |  | Total Goodwill |
Balance, January 1, 2016 |  | $ | 17,080 |  |  | $ | 79,208 |  |  | $ | 96,288 |
Goodwill acquired during the year |  |  | — |  |  |  | 8,193 |  |  |  | 8,193 |
Acquired goodwill adjusted during the year |  |  | (9,284 | ) |  |  | 10,458 |  |  |  | 1,174 |
Balance, December 31, 2016 |  |  | 7,796 |  |  |  | 97,859 |  |  |  | 105,655 |
Goodwill acquired during the year |  |  | 52,479 |  |  |  | — |  |  |  | 52,479 |
Balance, December 31, 2017 |  | $ | 60,275 |  |  | $ | 97,859 |  |  | $ | 158,134 |
Goodwill represents the initial goodwill allocation related to the Merger and the Montana Acquisitions and final adjustments to purchase price allocations during the applicable measurement periods, and the initial goodwill allocation related to the American Acquisition. The impact of the final purchase price allocation adjustments related to the Merger and the Montana Acquisitions 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 American Acquisition, which can be up to one year from the date of the consummation of the acquisition. See Note 3, Merger and Acquisitions, for a description of the intangible assets acquired through the Merger, the Montana Acquisitions and the American Acquisition. Intangible assets, net, consisted of the following:
|  | December 31, 2017 |
|  | Weighted- |  | Gross |  |  |  |  |  |  |  |  |
|  | Average Life |  | Carrying |  |  | Cumulative |  |  | Intangible |
(In thousands) |  | Remaining |  | Value |  |  | Amortization |  |  | Assets, Net |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gaming licenses |  | Indefinite |  | $ | 960 |  |  | $ | — |  |  | $ | 960 |
Trade names |  | Indefinite |  |  | 46,710 |  |  |  | — |  |  |  | 46,710 |
Other |  | Indefinite |  |  | 185 |  |  |  | — |  |  |  | 185 |
|  |  |  |  | 47,855 |  |  |  | — |  |  |  | 47,855 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 12.1 years |  |  | 80,320 |  |  |  | (12,524 | ) |  |  | 67,796 |
Player relationships |  | 4.2 years |  |  | 34,150 |  |  |  | (3,045 | ) |  |  | 31,105 |
Gaming license |  | 10.3 years |  |  | 2,100 |  |  |  | (648 | ) |  |  | 1,452 |
Non-compete agreements |  | 3.0 years |  |  | 6,000 |  |  |  | (2,395 | ) |  |  | 3,605 |
Leasehold interest |  | 65.7 years |  |  | 3,110 |  |  |  | (32 | ) |  |  | 3,078 |
In-place lease value |  | 3.3 years |  |  | 1,670 |  |  |  | (81 | ) |  |  | 1,589 |
Other |  | 8.2 years |  |  | 1,769 |  |  |  | (557 | ) |  |  | 1,212 |
|  |  |  |  | 129,119 |  |  |  | (19,282 | ) |  |  | 109,837 |
Balance, December 31, 2017 |  |  |  | $ | 176,974 |  |  | $ | (19,282 | ) |  | $ | 157,692 |
|  | December 31, 2016 |
|  | Weighted- |  | Gross |  |  |  |  |  |  |  |  |
|  | Average Life |  | Carrying |  |  | Cumulative |  |  | Intangible |
(In thousands) |  | Remaining |  | Value |  |  | Amortization |  |  | Assets, Net |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gaming licenses |  | Indefinite |  | $ | 960 |  |  | $ | — |  |  | $ | 960 |
Trade names |  | Indefinite |  |  | 12,200 |  |  |  | — |  |  |  | 12,200 |
Other |  | Indefinite |  |  | 110 |  |  |  | — |  |  |  | 110 |
|  |  |  |  | 13,270 |  |  |  | — |  |  |  | 13,270 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 13.2 years |  |  | 78,100 |  |  |  | (6,932 | ) |  |  | 71,168 |
Player relationships |  | 10.4 years |  |  | 7,300 |  |  |  | (910 | ) |  |  | 6,390 |
Gaming license |  | 11.4 years |  |  | 2,100 |  |  |  | (508 | ) |  |  | 1,592 |
Non-compete agreements |  | 4.0 years |  |  | 6,000 |  |  |  | (1,168 | ) |  |  | 4,832 |
Other |  | 9.5 years |  |  | 1,648 |  |  |  | (297 | ) |  |  | 1,351 |
|  |  |  |  | 95,148 |  |  |  | (9,815 | ) |  |  | 85,333 |
Balance, December 31, 2016 |  |  |  | $ | 108,418 |  |  | $ | (9,815 | ) |  | $ | 98,603 |
The Rocky Gap gaming license is being amortized over its 15 year term. Total amortization expense related to intangible assets was $9.5 million, $7.3 million and $2.3 million for 2017, 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:
(In thousands) |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | Thereafter |
Estimated amortization expense |  | $ | 17,562 |  |  | $ | 17,562 |  |  | $ | 15,923 |  |  | $ | 7,023 |  |  | $ | 6,624 |  |  | $ | 45,143 |

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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 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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