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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

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]