Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated

The following table sets forth, for the periods indicated, certain operating data for our Reportable Segments, and reconciles Adjusted EBITDA to operating income (loss), as reported in our accompanying consolidated statements of operations:



	Year Ended December 31,
(In thousands)	2015			2014			2013
Net Revenues
Las Vegas Locals	$	610,107		$	592,652		$	591,447
Downtown Las Vegas	234,191			224,275			222,715
Midwest and South	852,288			831,477			864,247
Peninsula	502,846			493,851			520,329
Borgata (1)	—			559,064			695,700
Total Reportable Segment Net Revenues	$	2,199,432		$	2,701,319		$	2,894,438

Adjusted EBITDA
Las Vegas Locals	$	157,312		$	144,397		$	137,501
Downtown Las Vegas	49,314			37,309			35,036
Midwest and South	196,822			169,977			179,976
Peninsula	184,120			175,081			185,269
Borgata (1)	102,095			137,936			119,237
Total Reportable Segment Adjusted EBITDA (2)	689,663			664,700			657,019
Corporate expense	(60,177		)	(59,420		)	(46,594		)
Adjusted EBITDA	629,486			605,280			610,425

Other operating costs and expenses
Deferred rent	3,428			3,618			3,831
Depreciation and amortization	207,118			251,044			278,413
Project development, preopening and writedowns	6,907			14,390			14,608
Share-based compensation expense	19,264			18,666			18,891
Impairments of assets	18,565			60,780			10,383
Other operating charges, net	907			(2,124		)	5,998
Our share of Borgata's other operating costs and expenses	28,674			7,390			—
Total other operating costs and expenses	284,863			353,764			332,124
Operating income	$	344,623		$	251,516		$	278,301

Reconciliation of Assets from Segment to Consolidated

The Company's total assets, by Reportable Segment, consisted of the following amounts:



	December 31,
(In thousands)	2015		2014
Assets
Las Vegas Locals	$	1,155,224	$	1,164,115
Downtown Las Vegas	138,159		128,682
Midwest and South	1,263,751		1,302,002
Peninsula	1,370,991		1,426,994
Total Reportable Segment assets	3,928,125		4,021,793
Corporate	422,775		400,591
Total assets	$	4,350,900	$	4,422,384

Capital Expenditures by Reportable Segment

The Company's capital expenditures by Reportable Segment, consisted of the following:



	Year Ended December 31,
(In thousands)	2015		2014			2013
Capital Expenditures:
Las Vegas Locals	$	41,772	$	31,653		$	30,861
Downtown Las Vegas	13,000		9,917			5,505
Midwest and South	42,130		55,273			39,589
Peninsula	18,757		33,756			27,094
Borgata (1)	—		11,623			22,357
Total Reportable Segment Capital Expenditures	115,659		142,222			125,406
Corporate	12,646		(8,786		)	12,173
Other	—		—			28
Total Capital Expenditures	128,305		133,436			137,607
Change in Accrued Property Additions	2,865		15,938			6,913
Cash-Based Capital Expenditures	$	131,170	$	149,374		$	144,520

(1) Borgata capital expenditures are only included through the date of deconsolidation, September 30, 2014.

The Company utilizes the Corporate entities to centralize the development of major renovation and other capital development projects that are included as construction in progress. After the project is complete, the corporate entities transfer the projects to the segment subsidiaries.