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Other Intangible Assets
12 Months Ended
Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Other Intangible Assets
OTHER INTANGIBLE ASSETS
Other intangible assets are comprised of the following:
 
December 31, 2016
 
December 31, 2015
(in millions)
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Developed technology
$
87.0

 
$
(45.6
)
 
$
41.4

 
$
87.0

 
$
(23.3
)
 
$
63.7

Customer relationships
43.0

 
(33.3
)
 
9.7

 
75.1

 
(46.6
)
 
28.5

Strategic development
25.0

 
(7.3
)
 
17.7

 
30.5

 
(6.6
)
 
23.9

In-process research & development
12.7

 
(5.1
)
 
7.6

 
12.7

 
(2.6
)
 
10.1

Favorable contracts
11.0

 
(6.2
)
 
4.8

 
11.0

 
(5.5
)
 
5.5

Other
3.7

 
(1.0
)
 
2.7

 
3.7

 
(0.9
)
 
2.8

Table games license
2.7

 
(0.4
)
 
2.3

 
2.5

 
(0.3
)
 
2.2

Slots gaming license
2.3

 
(1.1
)
 
1.2

 
2.3

 
(1.1
)
 
1.2

 
$
187.4

 
$
(100.0
)
 
$
87.4

 
$
224.8

 
$
(86.9
)
 
$
137.9

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
 
 
 
225.7

 
 
 
 
 
225.7

Slots gaming rights
 
 
 
 
128.9

 
 
 
 
 
128.9

Illinois Horseracing Equity Trust
 
 
 
 
3.3

 
 
 
 
 
3.3

Other
 
 
 
 
0.4

 
 
 
 
 
0.4

Total
 
 
 
 
$
445.7

 
 
 
 
 
$
496.2


Amortization expense for definite-lived intangible assets was approximately $52.9 million in 2016, $56.1 million in 2015 and $13.3 million in 2014 and is classified in operating expense. We submitted payments of $2.3 million for 2016 and 2015 for annual license fees for Calder Casino, which are being amortized to expense over the annual license period.
Indefinite-lived intangible assets consist primarily of state gaming licenses in Maine, Mississippi and Florida, rights to participate in the Horse Racing Equity Fund and trademarks.
In 2016, we reduced our customer relationships intangible assets and accumulated amortization for TwinSpires by $4.6 million, $10.8 million for Harlow's and Big Fish Games by $16.7 million as these amounts were fully amortized, and we reduced our strategic development intangible assets and accumulated amortization by $5.5 million as these amounts were fully amortized. In addition, we submitted a payment of $0.2 million to the State of Maine for table game fees that are being amortized over a 20-year license period.
In 2015, we reduced our customer relationships intangible asset and accumulated amortization for TwinSpires by $14.0 million as this amount was fully amortized.
We performed our annual indefinite-lived intangible asset impairment analysis for 2016 in accordance with ASU No. 2012-02, Intangibles-Goodwill and Other: Testing Indefinite-Lived Intangible Assets for Impairment. This analysis included an assessment of quantitative factors to determine whether it is more likely than not that the fair values of the indefinite-lived intangible assets are less than the carrying amounts. We assessed our indefinite-lived intangible assets by performing fair value calculations for each of our indefinite-lived intangible assets. We concluded that the fair values of our indefinite-lived intangible assets exceeded the carrying values. Based on the annual indefinite-lived intangible asset impairment analysis, we concluded that indefinite-lived intangible assets were not impaired.
Future estimated aggregate amortization expense on existing definite-lived intangible assets for each of the next five fiscal years is as follows (in millions):
Years Ended December 31,
 
Estimated Amortization Expense
2017
 
$
36.8

2018
 
$
18.7

2019
 
$
16.6

2020
 
$
4.6

2021
 
$
4.3


Future estimated amortization expense does not include additional payments of $2.3 million in 2017 and in each year thereafter for the ongoing amortization of future expected annual Florida slots gaming license fees not yet incurred or paid.