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Segment Information | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION We have aggregated certain of our properties in order to present three Reportable Segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; and (iii) Midwest and South. The table in Note 1, Summary of Significant Accounting Policies, lists the classification of each of our properties. Results of Operations - Total Reportable Segment Net Revenues and Adjusted EBITDA We evaluate each of our property's profitability based upon Property Adjusted 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 Adjusted EBITDA for each of the properties included in our Las Vegas Locals, Downtown Las Vegas, and Midwest and South 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. 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 Adjusted EBITDA to operating income, as reported in our accompanying consolidated statements of operations:
| Year Ended December 31,
(In thousands) | 2017 |  | 2016 |  | 2015
Net Revenues |  |  |  |  |
Las Vegas Locals | $ | 858,921 |  |  | $ | 647,867 |  |  | $ | 610,107 |
Downtown Las Vegas | 243,543 |  |  | 236,385 |  |  | 234,191 |
Midwest and South | 1,281,243 |  |  | 1,299,724 |  |  | 1,355,134 |
Total Reportable Segment Net Revenues | $ | 2,383,707 |  |  | $ | 2,183,976 |  |  | $ | 2,199,432 |
Adjusted EBITDA |  |  |  |  |
Las Vegas Locals | $ | 249,943 |  |  | $ | 176,420 |  |  | $ | 157,312 |
Downtown Las Vegas | 54,535 |  |  | 52,420 |  |  | 49,314 |
Midwest and South | 364,193 |  |  | 367,365 |  |  | 380,942 |
Total Reportable Segment Adjusted EBITDA | 668,671 |  |  | 596,205 |  |  | 587,568 |
Corporate expense | (73,046 | ) |  | (59,875 | ) |  | (60,177 | )
Adjusted EBITDA | 595,625 |  |  | 536,330 |  |  | 527,391 |
Other operating costs and expenses |  |  |  |  |
Deferred rent | 1,267 |  |  | 3,266 |  |  | 3,428 |
Depreciation and amortization | 217,522 |  |  | 196,226 |  |  | 207,118 |
Project development, preopening and writedowns | 14,454 |  |  | 22,107 |  |  | 6,907 |
Share-based compensation expense | 17,413 |  |  | 15,518 |  |  | 19,264 |
Impairments of assets | (426 | ) |  | 38,302 |  |  | 18,565 |
Other operating charges, net | 1,900 |  |  | 284 |  |  | 907 |
Total other operating costs and expenses | 252,130 |  |  | 275,703 |  |  | 256,189 |
Operating income | $ | 343,495 |  |  | $ | 260,627 |  |  | $ | 271,202 |
Total Assets The Company's total assets, by Reportable Segment, consisted of the following amounts:
| December 31,
(In thousands) | 2017 |  | 2016
Assets |  |  |
Las Vegas Locals | $ | 1,792,119 |  |  | $ | 1,785,858 |
Downtown Las Vegas | 170,574 |  |  | 157,319 |
Midwest and South | 2,496,957 |  |  | 2,556,307 |
Total Reportable Segment assets | 4,459,650 |  |  | 4,499,484 |
Corporate | 226,280 |  |  | 171,267 |
Total assets | $ | 4,685,930 |  |  | $ | 4,670,751 |
Capital Expenditures The Company's capital expenditures by Reportable Segment, consisted of the following:
| Year Ended December 31,
(In thousands) | 2017 |  | 2016 |  | 2015
Capital Expenditures: |  |  |  |  |
Las Vegas Locals | $ | 59,382 |  |  | $ | 42,069 |  |  | $ | 41,772 |
Downtown Las Vegas | 21,705 |  |  | 28,431 |  |  | 13,000 |
Midwest and South | 37,657 |  |  | 73,255 |  |  | 60,887 |
Total Reportable Segment Capital Expenditures | 118,744 |  |  | 143,755 |  |  | 115,659 |
Corporate | 71,673 |  |  | 16,672 |  |  | 12,646 |
Total Capital Expenditures | 190,417 |  |  | 160,427 |  |  | 128,305 |
Change in Accrued Property Additions | 47 |  |  | (69 | ) |  | 2,865 |
Cash-Based Capital Expenditures | $ | 190,464 |  |  | $ | 160,358 |  |  | $ | 131,170 |
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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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