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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes [Abstract]

US And Foreign Pre-Tax Income

Amounts in thousands		2020			2019			2018
Income before taxes:
US		$	(45,927)		$	(3,736)		$	1,329
Foreign			2,639			(8,231)			4,594
Total income before taxes		$	(43,288)		$	(11,967)		$	5,923

Provision For Income Taxes

		For the year ended December 31,
Amounts in thousands			2020			2019			2018
US - Current		$	270		$	316		$	682
US - Deferred			973			(199)			12
Provision for US income taxes		$	1,243		$	117		$	694
Foreign - Current		$	1,130		$	3,748		$	1,257
Foreign - Deferred			2,475			309			(34)
Provision for foreign income taxes		$	3,605		$	4,057		$	1,223
Total provision for income taxes		$	4,848		$	4,174		$	1,917

Reconciliation Of Effective Income Tax Rate Statutory Federal Income Tax Rate

Amounts in thousands	2020	2019	2018
US federal income tax statutory rate	(21.0%)	(21.0%)	21.0%
Foreign income taxes	(2.2%)	6.8%	8.9%
State income tax (net of federal benefit)	(3.8%)	(0.3%)	0.9%
Meals, entertainment, gifts and giveaways	—	2.4%	3.1%
Statutory to US GAAP adjustments, including foreign currency	(1.8%)	3.7%	(16.0%)
Valuation allowance	41.0%	32.3%	—
Unrecognized tax benefit	—	—	1.1%
Stock options	(0.1%)	1.9%	2.5%
Tax Act impact	—	5.6%	7.0%
Permanent and other items	(0.9%)	3.5%	3.9%
Total provision for income taxes	11.2%	34.9%	32.4%

Deferred Tax Assets And Liabilities

Amounts in thousands			2020			2019
Deferred tax assets (liabilities) - US Federal and state:
Deferred tax assets
Amortization of goodwill for tax		$	8,416		$	1,243
Amortization of startup costs			13			39
Financing obligation to VICI Properties, Inc. subsidiaries			67,712			68,759
NOL carryforward			2,506			62
Operating and finance leases			488			302
Accrued liabilities and other			590			255
			79,725			70,660
Valuation allowance			(12,371)			—
		$	67,354		$	70,660
Deferred tax liabilities
Property and equipment		$	(66,677)		$	(69,164)
Operating and finance leases			(479)			(292)
Prepaid expenses			(198)			(231)
		$	(67,354)		$	(69,687)
Long-term deferred tax asset		$	—		$	973
Deferred tax assets (liabilities) - foreign
Deferred tax assets
Property and equipment		$	810		$	2,064
NOL carryforward			5,179			3,236
Accrued liabilities and other			854			734
Contingent liability			90			64
Operating and finance leases			9,583			10,498
Subsidiary liquidation			4,283
Exchange rate gain			1,236			839
			22,035			17,435
Valuation allowance			(9,261)			(3,870)
		$	12,774		$	13,565
Deferred tax liabilities
Property and equipment		$	(4,044)		$	(2,294)
Exchange rate loss			(199)			(347)
Intangibles			(1,105)			(1,083)
Operating and finance leases			(8,944)			(8,953)
Others			(495)			(428)
		$	(14,787)		$	(13,105)
Long-term deferred tax (liability) asset		$	(2,013)		$	460

Periods Subject To Examination Of Tax Returns

Jurisdiction		Periods
US Federal		2007-2019
US State - Colorado		2007-2019
US State – Missouri		2019
US State – West Virginia		2019
Canada		2006-2019
Mauritius		2017-2019
Poland		2015-2019
Austria		2015-2019
United Kingdom		2017-2019

Deferred Tax Assets Expiration

Amounts in thousands
2020 - 2030		$	429
2031 - 2040			4,449
No expiration			2,807
Total deferred tax assets		$	7,685

Unrecognized Tax Benefits

Amounts in thousands		2020			2019
Unrecognized tax benefit - January 1		$	821		$	820
Gross increases - tax positions in prior period			14			1
Gross decreases - tax positions in prior period			—			—
Gross increases - tax positions in current period			—			—
Settlements			—			—
Lapse of statute of limitations			—			—
Unrecognized tax benefit - December 31		$	835		$	821

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