Intangible Assets

9 Months Ended

Sep. 30, 2017

Intangible Assets Disclosure [Text Block]

7. Intangible Assets

Indefinite‑life intangible assets consist primarily of gaming licenses. The table below presents the gross carrying value, accumulated amortization, and net book value of each major class of other intangible assets at September 30, 2017 and December 31, 2016:



	September 30, 2017						December 31, 2016
	(in thousands)
	Gross						Gross
	Carrying		Accumulated		Net Book		Carrying		Accumulated		Net Book
	Value		Amortization		Value		Value		Amortization		Value
Indefinite-life intangible assets	$	375,405	$	—	$	375,405	$	375,405	$	—	$	375,405
Other intangible assets		131,197		80,252		50,945		125,584		65,495		60,089
Total	$	506,602	$	80,252	$	426,350	$	500,989	$	65,495	$	435,494

Total other intangible assets decreased by $9.1 million for the nine months ended September 30, 2017 primarily due to amortization expense of $14.8 million for the nine months ended September 30, 2017, partially offset by $3.7 million and $0.9 million of definite-lived other intangible assets related to customer intangibles from our acquisitions of Illinois video gaming terminal operators and 1st Jackpot and Resorts, respectively, in 2017. Other intangible assets have a weighted average remaining amortization period of approximately 5 years.

The Company’s intangible asset amortization expense was $4.3 million and $14.8 million, for the three and nine months ended September 30, 2017, respectively, as compared to $2.3 million and $3.3 million for the three and nine months ended September 30, 2016, respectively. The increase is primarily due to the intangible assets recognized with our acquisition of Rocket Speed on August 1, 2016.

The following table presents expected intangible asset amortization expense based on existing intangible assets as of September 30, 2017 (in thousands):


Remaining 2017	$	3,963
2018		12,992
2019		8,530
2020		5,920
2021		3,706
Thereafter		15,834
Total	$	50,945