MONARCH CASINO & RESORT INC Goodwill & Intangibles Disclosure
NOTE 3. GOODWILL AND INTANGIBLE ASSETS
Goodwill was $25.1 million at December 31, 2025 and 2024. The Company’s goodwill is related to the acquisition of the Monarch Black Hawk in 2012. There are no accumulated impairment losses or any other adjustments to the goodwill as defined in ASC 350-20-50-1.
The Company’s finite-lived intangible assets at December 31, 2025 consist of assets related to a cloud computing arrangement related to a hotel management system that is being amortized over 5 years and other software contracts covering more than one year.
Estimated amortization expenses for the 5 years ending December 31, 2030 are as follows (in thousands):
Year | | Expense |
| |
2026 |
| $ | 94 | |
2027 | 313 | |||
2028 | 127 | |||
2029 | 128 | |||
2030 | 18 | |||
Total |
| $ | 680 | |
The Company periodically evaluates the remaining useful lives of its finite-lived intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 14, 2019 | |
| 2017 | Mar 14, 2018 | |
| 2016 | Mar 14, 2017 | |
| 2015 | Mar 11, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.