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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes [Abstract]

US And Foreign Pre-Tax Income


Amounts in thousands		2019			2018			2017
Income before taxes:
   US		$	(3,736)		$	1,329		$	1,059
Foreign			(8,231)			4,594			11,392
Total income before taxes		$	(11,967)		$	5,923		$	12,451



Provision For Income Taxes



		For the year ended December 31,
Amounts in thousands			2019			2018			2017
US - Current		$	316		$	682		$	1,283
US - Deferred			(199)			12			(786)
Provision for US income taxes		$	117		$	694		$	497

Foreign - Current		$	3,748		$	1,257		$	3,094
Foreign - Deferred			309			(34)			969
Provision for foreign income taxes			4,057			1,223			4,063
Total provision for income taxes		$	4,174		$	1,917		$	4,560



Reconciliation Of Effective Income Tax Rate Statutory Federal Income Tax Rate


Amounts in thousands	2019	2018	2017
US federal income tax statutory rate	(21.0%)	21.0%	35.0%
Foreign income taxes	6.8%	8.9%	(9.1%)
State income tax (net of federal benefit)	(0.3%)	0.9%	2.4%
Meals, entertainment, gifts & giveaways	2.4%	3.1%	2.0%
Statutory to US GAAP adjustments, including foreign currency	3.7%	(16.0%)	2.8%
Valuation allowance	32.3%	—	(45.9%)
Unrecognized tax benefit	—	1.1%	0.1%
Stock options	1.9%	2.5%	1.6%
Tax Act impact	5.6%	7.0%	43.5%
Permanent and other items	3.5%	3.9%	4.2%
Total provision for income taxes	34.9%	32.4%	36.6%



Deferred Tax Assets And Liabilities


Amounts in thousands			2019			2018
Deferred tax assets (liabilities) - US Federal and state:
Deferred tax assets
Amortization of goodwill for tax		$	1,243		$	140
Amortization of startup costs			39			70
Financing obligation to VICI Properties, Inc. subsidiaries			68,759			—
Property and equipment			—			471
NOL carryforward			62			45
Operating and finance leases			302			—
Accrued liabilities and other			255			188
			70,660			914
Valuation allowance			—			—
		$	70,660		$	914
Deferred tax liabilities
Property and equipment		$	(69,164)		$	—
Operating and finance leases			(292)			—
Prepaid expenses			(231)			(140)
		$	(69,687)		$	(140)
Long-term deferred tax asset		$	973		$	774

Deferred tax assets (liabilities) - foreign
Deferred tax assets
Property and equipment		$	2,064		$	977
   NOL carryforward			3,236			2,247
   Tax credits			—			—
Accrued liabilities and other			734			864
Contingent liability			64			157
Operating and finance leases			10,498			—
Exchange rate gain			839			1,035
			17,435			5,280
Valuation allowance			(3,870)			—
		$	13,565		$	5,280
Deferred tax liabilities
Property and equipment		$	(2,294)		$	(2,606)
Exchange rate loss			(347)			(55)
Intangibles			(1,083)			(1,211)
Operating and finance leases			(8,953)			—
Others			(428)			(637)
		$	(13,105)		$	(4,509)
Long-term deferred tax asset		$	460		$	771




Periods Subject To Examination Of Tax Returns



Jurisdiction		Periods
US Federal		2007-2018
US State - Colorado		2007-2018
US State – Missouri		Not applicable
US State – West Virginia		Not applicable
Canada		2006-2018
Mauritius		2016-2018
Poland		2014-2018
Austria		2014-2018
United Kingdom		2017-2018



Deferred Tax Assets Expiration


Amounts in thousands
2020 - 2030		$	13
2031 - 2039			1,478
No expiration			1,838
Total deferred tax assets		$	3,329



Unrecognized Tax Benefits


Amounts in thousands		2019			2018
Unrecognized tax benefit - January 1		$	820		$	803
Gross increases - tax positions in prior period			1			66
Gross decreases - tax positions in prior period			—			(49)
Gross increases - tax positions in current period			—			—
Settlements			—			—
Lapse of statute of limitations			—			—
Unrecognized tax benefit - December 31		$	821		$	820



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