XML 25 R11.htm IDEA: XBRL DOCUMENT
v3.19.1

GOODWILL AND OTHER INTANGIBLES | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLES | GOODWILL AND OTHER INTANGIBLES Goodwill: The following tables set forth changes in the carrying value of goodwill by segment:
(In Thousands) | December 31, 2018
| Gross Carrying Value |  | Additions |  | Accumulated Impairments |  | Balance at End of the Year
Silver Slipper Casino and Hotel | $ | 14,671 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,671 |
Rising Star Casino Resort | 1,647 |  |  | — |  |  | (1,647 | ) |  | — |
Bronco Billy's Casino and Hotel | 4,806 |  |  | — |  |  | — |  |  | 4,806 |
Northern Nevada Casinos | 5,809 |  |  | — |  |  | (4,000 | ) |  | 1,809 |
| $ | 26,933 |  |  | $ | — |  |  | $ | (5,647 | ) |  | $ | 21,286 |
(In Thousands) | December 31, 2017
| Gross Carrying Value |  | Additions |  | Accumulated Impairments |  | Balance at End of the Year
Silver Slipper Casino and Hotel | $ | 14,671 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,671 |
Rising Star Casino Resort | 1,647 |  |  | — |  |  | (1,647 | ) |  | — |
Bronco Billy's Casino and Hotel | 4,806 |  |  | — |  |  | — |  |  | 4,806 |
Northern Nevada Casinos | 5,809 |  |  | — |  |  | (4,000 | ) |  | 1,809 |
| $ | 26,933 |  |  | $ | — |  |  | $ | (5,647 | ) |  | $ | 21,286 |
Other Intangible Assets: The following tables set forth changes in the carrying value of intangible assets other than goodwill:
(In Thousands) | December 31, 2018
| Estimated Life (Years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Accumulated Impairments, Net |  | Other Intangible Assets, Net
Customer Loyalty Programs | 3 |  | $ | 7,600 |  |  | $ | (7,600 | ) |  | $ | — |  |  | $ | — |
Land Lease and Water Rights | 46 |  | 1,420 |  |  | (195 | ) |  | — |  |  | 1,225 |
Casino Lease Option | 3 |  | 190 |  |  | (24 | ) |  | — |  |  | 166 |
Gaming Licenses | Indefinite |  | 18,046 |  |  | — |  |  | (10,203 | ) |  | 7,843 |
Trade Names | Indefinite |  | 1,800 |  |  | — |  |  | — |  |  | 1,800 |
Trademarks | Indefinite |  | 111 |  |  | — |  |  | — |  |  | 111 |
|  |  | $ | 29,167 |  |  | $ | (7,819 | ) |  | $ | (10,203 | ) |  | $ | 11,145 |
(In Thousands) | December 31, 2017
| Estimated Life (Years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Accumulated Impairments, Net |  | Other Intangible Assets, Net
Customer Loyalty Programs | 3 |  | $ | 7,600 |  |  | $ | (7,600 | ) |  | $ | — |  |  | $ | — |
Land Lease and Water Rights | 46 |  | 1,420 |  |  | (163 | ) |  | — |  |  | 1,257 |
Gaming Licenses | Indefinite |  | 17,981 |  |  | — |  |  | (10,203 | ) |  | 7,778 |
Trade Names | Indefinite |  | 1,800 |  |  | — |  |  | — |  |  | 1,800 |
Trademarks | Indefinite |  | 101 |  |  | — |  |  | — |  |  | 101 |
|  |  | $ | 28,902 |  |  | $ | (7,763 | ) |  | $ | (10,203 | ) |  | $ | 10,936 |
There were no impairments to goodwill or other intangible assets for the years ended December 31, 2018 and 2017. Customer Loyalty Programs. Customer loyalty programs represent the value of repeat business associated with our loyalty programs. The values of $5.9 million for Silver Slipper and $1.7 million for Rising Star’s customer loyalty programs, respectively, were determined using a multi-period excess earning method of the income approach, which examines the economic returns contributed by the identified tangible and intangible assets of a company, and then isolates the excess return, which is attributable to the asset being valued, based on cash flows attributable to the customer loyalty program. The values of the customer loyalty programs for Rising Star and Silver Slipper have been fully amortized in prior years, but they comprise the majority of accumulated amortization totaling $7,819 as of December 31, 2018 and $7,763 as of December 31, 2017. Land Lease Acquisition Costs and Water Rights. Silver Slipper recognized intangible assets related to its lease agreement with Cure Land Company, LLC (see Note 9). The lease was valued at $970,000 and represents the excess fair value of the land over the estimated net present value of the land lease payments, and the water rights value of $450,000 represents the fair value of the water rights based upon market rates in Hancock County, Mississippi. Casino Lease Option. Casino lease option represents total amounts paid in order to extend the lease option for the Imperial Casino, now known as the Christmas Casino at Bronco Billy’s. Although the Company has an option to buy out the lease prior to expiration of the initial lease term or as extended, the options paid cannot be applied to the purchase price. Therefore, the total options paid will be amortized according to the initial lease term, which commenced in August 2018 (see Note 9). Gaming Licenses. Gaming licenses represent the value of the license to conduct gaming in certain jurisdictions, which are subject to highly extensive regulatory oversight and, in some cases, a limitation on the number of licenses available for issuance. The values of gaming licenses were primarily estimated using a multi-period excess earning method of the income approach, which examines the economic returns contributed by the identified tangible and intangible assets of a company, and then isolates the excess return, which is attributable to the asset being valued, based on cash flows attributable to the gaming license. Trade Names. Trade names represents the value of the Bronco Billy’s casino name, which has existed for approximately 27 years and provides brand recognition. The value was estimated using a multi-period excess earning method of the income approach based upon comparable trade name royalty agreements. Current and Future Amortization. Intangible asset amortization expense was approximately $56,000 and $31,000 for the years ended December 31, 2018 and 2017, respectively. Future amortization expense for intangible assets is as follows:
(In Thousands) |  |
For Years ending December 31, |  | Amortization Expense
2019 |  | $ | 94 |
2020 |  | 94 |
2021 |  | 70 |
2022 |  | 31 |
2023 |  | 31 |
Thereafter |  | 1,070 |
|  | $ | 1,390 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration