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Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
We have aggregated certain of our properties in order to present four Reportable Segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; (iii) Midwest and South; and (iv) Peninsula. The table below lists the classification of each of our properties.
Las Vegas Locals
 
Gold Coast Hotel and Casino
Las Vegas, Nevada
The Orleans Hotel and Casino
Las Vegas, Nevada
Sam's Town Hotel and Gambling Hall
Las Vegas, Nevada
Suncoast Hotel and Casino
Las Vegas, Nevada
Eldorado Casino
Henderson, Nevada
Jokers Wild Casino
Henderson, Nevada
Downtown Las Vegas
 
California Hotel and Casino
Las Vegas, Nevada
Fremont Hotel and Casino
Las Vegas, Nevada
Main Street Station Casino, Brewery and Hotel
Las Vegas, Nevada
Midwest and South
 
Sam's Town Hotel and Gambling Hall
Tunica, Mississippi
IP Casino Resort Spa
Biloxi, Mississippi
Par-A-Dice Hotel Casino
East Peoria, Illinois
Blue Chip Casino, Hotel & Spa
Michigan City, Indiana
Treasure Chest Casino
Kenner, Louisiana
Delta Downs Racetrack Casino & Hotel
Vinton, Louisiana
Sam's Town Hotel and Casino
Shreveport, Louisiana
Peninsula
 
Diamond Jo Dubuque
Dubuque, Iowa
Diamond Jo Worth
Northwood, Iowa
Evangeline Downs Racetrack and Casino
Opelousas, Louisiana
Amelia Belle Casino
Amelia, Louisiana
Kansas Star Casino
Mulvane, Kansas


As a result of the agreement to sell our equity interest in Borgata (see Note 3, Acquisitions and Divestitures), we no longer report our interest in Borgata as a Reportable Segment.

Results of Operations - Total Reportable Segment Net Revenues and Adjusted EBITDA
We evaluate each of our wholly owned property's profitability based upon Property EBITDA, which represents each property's earnings before interest expense, income taxes, depreciation and amortization, deferred rent, share-based compensation expense, project development, preopening and writedowns expenses, impairments of assets, other operating items, net, and gain or loss on early retirements of debt, as applicable. Total Reportable Segment Adjusted EBITDA is the aggregate sum of the Property EBITDA for each of the properties included in our Las Vegas Locals, Downtown Las Vegas, and Midwest and South, and Peninsula segments. Results for Downtown Las Vegas include the results of our Hawaii-based travel agency and captive insurance company.

We reclassify the reporting of corporate expense on the accompanying table in order to exclude it from our subtotal for Total Reportable Segment Adjusted EBITDA and include it as part of total other operating costs and expenses. Furthermore, corporate expense excludes its portion of share-based compensation expense. Corporate expense represents unallocated payroll, professional fees, aircraft expenses and various other expenses not directly related to our casino and hotel operations.

The following table sets forth, for the periods indicated, certain operating data for our Reportable Segments, and reconciles Total Reportable Segment Adjusted EBITDA to operating income, as reported in our accompanying condensed consolidated statements of operations:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Net Revenues
 
 
 
 
 
 
 
Las Vegas Locals
$
154,936

 
$
153,032

 
$
313,334

 
$
303,332

Downtown Las Vegas
59,212

 
58,434

 
117,817

 
115,038

Midwest and South
207,837

 
217,777

 
417,022

 
435,542

Peninsula
122,889

 
130,624

 
249,079

 
256,533

Total Reportable Segment Net Revenues
$
544,874

 
$
559,867

 
$
1,097,252

 
$
1,110,445

 
 
 
 
 
 
 
 
Adjusted EBITDA
 
 
 
 
 
 
 
Las Vegas Locals
$
43,173

 
$
42,175

 
$
87,444

 
$
81,052

Downtown Las Vegas
14,263

 
12,307

 
26,944

 
22,984

Midwest and South
50,056

 
51,777

 
98,869

 
102,761

Peninsula
44,691

 
49,164

 
91,803

 
95,527

Total Reportable Segment Adjusted EBITDA
152,183

 
155,423

 
305,060

 
302,324

Corporate expense
(14,286
)
 
(14,777
)
 
(29,471
)
 
(31,419
)
Adjusted EBITDA
137,897

 
140,646

 
275,589

 
270,905

 
 
 
 
 
 
 
 
Other operating costs and expenses
 
 
 
 
 
 
 
Deferred rent
817

 
859

 
1,633

 
1,716

Depreciation and amortization
48,250

 
51,964

 
95,903

 
103,906

Share-based compensation expense
2,320

 
2,926

 
5,583

 
6,367

Project development, preopening and writedowns
5,897

 
1,749

 
7,738

 
2,704

Impairments of assets
—

 
—

 
1,440

 
1,065

Other operating items, net
123

 
54

 
552

 
170

Total other operating costs and expenses
57,407

 
57,552

 
112,849

 
115,928

Operating income
$
80,490

 
$
83,094

 
$
162,740

 
$
154,977



Total Reportable Segment Assets
The Company's assets by Reportable Segment consisted of the following amounts:
 
June 30,
 
December 31,
(In thousands)
2016
 
2015
Assets
 
 
 
Las Vegas Locals
$
1,132,768

 
$
1,155,224

Downtown Las Vegas
136,770

 
138,159

Midwest and South
1,247,196

 
1,263,751

Peninsula
1,349,269

 
1,370,991

Total Reportable Segment Assets
3,866,003

 
3,928,125

Corporate
963,317

 
422,775

Total Assets
$
4,829,320

 
$
4,350,900