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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Other Intangible Assets  
Reconciliation of goodwill and accumulated goodwill impairment losses

A reconciliation of goodwill and accumulated goodwill impairment losses is as follows (in thousands): 

 

                                                                                                                                                                                  

Balance at January 1, 2013:

 

 

 

 

Goodwill

 

$

2,214,546

 

Accumulated goodwill impairment losses

 

 

(833,857

)

​  

​  

Goodwill, net

 

$

1,380,689

 

​  

​  

Goodwill impairment losses

 

 

(807,464

)

Contribution of Hollywood Casino Baton Rouge to GLPI

 

 

(75,521

)

Other

 

 

(5,306

)

​  

​  

Balance at December 31, 2013:

 

 

 

 

Goodwill

 

$

2,133,719

 

Accumulated goodwill impairment losses

 

 

(1,641,321

)

​  

​  

Goodwill, net

 

$

492,398

 

​  

​  

Goodwill acquired

 

 

3,052

 

Goodwill impairment losses

 

 

(212,193

)

Other

 

 

(5,675

)

​  

​  

Balance at December 31, 2014:

 

 

 

 

Goodwill

 

$

2,131,096

 

Accumulated goodwill impairment losses

 

 

(1,853,514

)

​  

​  

Goodwill, net

 

$

277,582

 

​  

​  

​  

​  

​  

 

Schedule of gross carrying value, accumulated amortization, and net book value of each major class of other intangible assets

                                                                                                                                                                                    

 

 

December 31, 2014

 

December 31, 2013

 

 

 

(in thousands)

 

 

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Net Book
Value

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Net Book
Value

 

Indefinite-life intangible assets

 

$

370,100 

 

$

 

$

370,100 

 

$

349,224 

 

$

 

$

349,224 

 

Argosy Casino Sioux City gaming license

 

 

20,949 

 

 

20,949 

 

 

 

 

20,949 

 

 

12,569 

 

 

8,380 

 

Other intangible assets

 

 

56,126 

 

 

55,664 

 

 

462 

 

 

55,665 

 

 

53,621 

 

 

2,044 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

447,175 

 

$

76,613 

 

$

370,562 

 

$

425,838 

 

$

66,190 

 

$

359,648 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

  

Schedule of expected intangible asset amortization expense

The following table presents expected intangible asset amortization expense based on existing intangible assets at December 31, 2014 (in thousands):

                                                                                                                                                                                     

2015

 

$

 

2016

 

 

33 

 

2017

 

 

66 

 

2018

 

 

66 

 

2019

 

 

66 

 

Thereafter

 

 

231 

 

​  

​  

Total

 

$

462 

 

​  

​  

​  

​  

​  

  

Schedule of remaining goodwill and other intangible assets by reporting unit

The Company's remaining goodwill and other intangible assets by reporting unit at December 31, 2014 is shown below (in thousands):

 

                                                                                                                                                                                     

Reporting Unit

 

Goodwill

 

Other Intangible
Assets

 

Zia Park Casino

 

$

144,171 

 

$

 

Hollywood Casino St. Louis

 

 

 

 

77,072 

 

Hollywood Casino at Penn National Race Course

 

 

1,497 

 

 

67,607 

 

Hollywood Gaming at Dayton Raceway

 

 

15,339 

 

 

50,000 

 

Hollywood Casino Joliet

 

 

6,886 

 

 

44,464 

 

Hollywood Casino Lawrenceburg

 

 

 

 

50,000 

 

Hollywood Gaming at Mahoning Valley Race Course

 

 

 

 

50,000 

 

Hollywood Casino Aurora

 

 

37,687 

 

 

 

Argosy Casino Riverside

 

 

32,122 

 

 

4,964 

 

Plainridge Park Casino

 

 

3,052 

 

 

25,297 

 

Boomtown Biloxi

 

 

22,365 

 

 

 

Hollywood Casino Tunica

 

 

9,305 

 

 

 

Others

 

 

5,158 

 

 

1,158 

 

​  

​  

​  

​  

Total

 

$

277,582 

 

$

370,562 

 

​  

​  

​  

​  

​  

​  

​  

​  

​