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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2019
Marnell Gaming,LLC [Member] |
Schedule of Acquisition Purchase Price Allocation | The following table summarizes the allocation of the purchase price, based on estimates of the fair values of the assets acquired and liabilities assumed:
|  | Preliminary Allocation as of |  |  |  |  |  |  | Final Purchase Price |
(In thousands) |  | March 31, 2019 |  |  | Adjustments |  |  | Allocation |
Current assets |  | $ | 12,615 |  |  | $ | (123 | ) |  | $ | 12,492 |
Property and equipment |  |  | 126,198 |  |  |  | (1,131 | ) |  |  | 125,067 |
Right-of-use assets |  |  | 2,620 |  |  |  | – |  |  |  | 2,620 |
Intangible assets |  |  | 19,234 |  |  |  | (324 | ) |  |  | 18,910 |
Goodwill |  |  | 24,736 |  |  |  | 1,455 |  |  |  | 26,191 |
Other noncurrent assets |  |  | – |  |  |  | 123 |  |  |  | 123 |
Liabilities |  |  | (10,023 | ) |  |  | – |  |  |  | (10,023 | )
Lease liabilities |  |  | (2,620 | ) |  |  | – |  |  |  | (2,620 | )
Total assets acquired, net of liabilities assumed |  | $ | 172,760 |  |  | $ | – |  |  | $ | 172,760 |
Summary of Values of Property and Equipment Acquired and Estimated Useful Lives by Category | The following table summarizes the values assigned to acquired property and equipment and estimated useful lives by category:
(In thousands) |  | Useful Life (Years) |  |  |  |
Land |  | Not applicable |  | $ | 4,160 |
Building and site improvements |  | 10-30 |  |  | 102,450 |
Furniture and equipment |  | 2-13 |  |  | 18,290 |
Construction in process |  | Not applicable |  |  | 167 |
Total property and equipment |  |  |  | $ | 125,067 |
Summary of Values of Intangible Assets Acquired and Estimated Useful Lives by Category | The following table summarizes the values assigned to acquired intangible assets and estimated useful lives by category:
(In thousands) |  | Useful Life (Years) |  |  |  |
Non-compete agreements |  | 5 |  | $ | 3,630 |
Trade names |  | Indefinite |  |  | 6,980 |
Player relationships |  | 2 |  |  | 8,300 |
Total intangible assets |  |  |  | $ | 18,910 |
Summary of Components of Purchase Price Paid to Seller in Acquisition | The following table summarizes the components of the purchase price paid by the Company to Marnell in the Laughlin 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 |  | $ | 156,152 |
Fair value of common stock issued (911,002 shares) |  |  | 16,608 |
Total purchase price |  | $ | 172,760 |
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 the Laughlin Entities for the year ended December 31, 2018, adjusted to give effect to the Laughlin Acquisition and related transactions.
|  | Year Ended |
(In thousands, except per share data) |  | December 31, 2018 |
Pro forma combined revenues |  | $ | 951,802 |
Pro forma combined net loss |  |  | (16,432 | )
Weighted-average common shares outstanding: |  |  |  |
Basic |  |  | 28,464 |
Diluted |  |  | 28,464 |
Pro forma combined net loss per share: |  |  |  |
Basic |  | $ | (0.58 | )
Diluted |  |  | (0.58 | )
ACEP Holdings [Member] |
Schedule of Acquisition Purchase Price Allocation | The following table summarizes the allocation of the purchase price, based on estimates of the fair values of the assets acquired and liabilities assumed:
(In thousands) |  |  |  |
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 Values of Property and Equipment Acquired and Estimated Useful Lives by Category | The following table summarizes the values assigned to acquired property and equipment and estimated useful lives by category:
(In thousands) |  | Useful Life (Years) |  |  |  |
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 Values of Intangible Assets Acquired and Estimated Useful Lives by Category | The following table summarizes the values assigned to acquired intangible assets and estimated useful lives by category:
(In thousands) |  | Useful Life (Years) |  |  |  |
Trade names |  | Indefinite |  | $ | 34,510 |
Player 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 year ended December 31, 2017, adjusted to give effect to the American Acquisition and related transactions (including the refinancing).
|  | Year Ended |
|  | December 31, 2017 |
(In thousands, except per share data) |  |  |  |
Pro forma combined revenues |  | $ | 843,589 |
Pro forma combined net income |  |  | 23,131 |
Pro forma combined net income per share: |  |  |  |
Basic |  |  | 26,342 |
Diluted |  |  | 27,897 |
Weighted-average common shares outstanding: |  |  |  |
Basic |  | $ | 0.88 |
Diluted |  |  | 0.83 |

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