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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below presents information about equity in earnings (losses) of unconsolidated investments included in the Company's reported segments for the years ended December 31, 2012, 2011 and 2010 (in thousands):
 
Year Ended December 31,
 
2012
 
2011
 
2010
Online Business
$
(1,413
)
 
$
(1,198
)
 
$
(866
)
Other Investments
(288
)
 
85

 
295

 
$
(1,701
)
 
$
(1,113
)
 
$
(571
)
The tables below present total asset information about reported segments as of December 31, 2012 and 2011 and capital expenditures for the years ended December 31, 2012, 2011 and 2010 (in thousands):
 
As of December 31,
 
2012
 
2011
Total assets:
 
 
 
Racing Operations
$
659,175

 
$
509,133

Gaming
225,872

 
242,174

Online Business
184,638

 
183,397

Other Investments
44,652

 
13,318

 
$
1,114,337

 
$
948,022

 
Year Ended December 31,
 
2012
 
2011
 
2010
Capital expenditures, net:
 
 
 
 
 
Racing Operations
$
14,027

 
$
7,484

 
$
35,295

Gaming
14,524

 
7,490

 
17,978

Online Business
4,427

 
2,774

 
5,995

Other Investments
8,320

 
4,919

 
2,684

 
$
41,298

 
$
22,667

 
$
61,952

The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” in Note 1. The table below presents information about reported segments for the years ended December 31, 2012, 2011 and 2010 (in thousands): 
 
Year Ended December 31,
 
2012
 
2011
 
2010
Net revenues from external customers:
 
 
 
 
 
Churchill Downs
$
124,255

 
$
121,886

 
$
119,144

Arlington
69,077

 
69,694

 
71,851

Calder
64,566

 
62,715

 
71,302

Fair Grounds
44,190

 
44,625

 
46,025

Total Racing Operations
302,088

 
298,920

 
308,322

Calder Casino
77,864

 
82,819

 
65,211

Fair Grounds Slots
42,881

 
41,553

 
40,432

VSI
35,433

 
35,052

 
33,971

Harlow’s Casino
56,604

 
53,205

 
2,659

Riverwalk Casino
10,330

 
—

 
—

Total Gaming
223,112

 
212,629

 
142,273

Online Business
183,279

 
165,416

 
121,407

Other Investments
22,872

 
19,563

 
13,202

Corporate
1,032

 
326

 
141

Net revenues from external customers
$
732,383

 
$
696,854

 
$
585,345

Intercompany net revenues:
 
 
 
 
 
Churchill Downs
$
5,592

 
$
5,088

 
$
3,850

Arlington
4,712

 
3,725

 
3,009

Calder
1,583

 
2,307

 
1,875

Fair Grounds
1,270

 
1,164

 
968

Total Racing Operations
13,157

 
12,284

 
9,702

Online Business
836

 
786

 
676

Other Investments
3,466

 
2,015

 
592

Eliminations
(17,459
)
 
(15,085
)
 
(10,970
)
Net revenues
$
—

 
$
—

 
$
—
Reconciliation of Assets from Segment to Consolidated
 
Year Ended December 31,
 
2012
 
2011
 
2010
Reconciliation of Adjusted EBITDA to net earnings:
 
 
 
 
 
Racing Operations
$
54,357

 
$
47,236

 
$
38,696

Gaming
64,231

 
58,590

 
29,528

Online Business
44,618

 
40,918

 
19,152

Other Investments
85

 
1,269

 
2,860

Total Segment Adjusted EBITDA
163,291

 
148,013

 
90,236

Corporate Adjusted EBITDA
(4,834
)
 
(2,523
)
 
(3,164
)
Insurance recoveries, net of losses
7,006

 
972

 
—

HRE Trust Fund Proceeds
—

 
19,258

 
—

Share based compensation expense
(13,993
)
 
(9,730
)
 
(6,656
)
Other Recoveries
—

 
2,720

 
—

Depreciation and amortization
(55,600
)
 
(55,170
)
 
(46,524
)
Interest income (expense), net
(4,441
)
 
(8,456
)
 
(5,994
)
Income tax provision
(33,152
)
 
(34,289
)
 
(8,341
)
Earnings from continuing operations
58,277

 
60,795

 
19,557

Discontinued operations, net of income taxes
(1
)
 
3,560

 
(3,204
)
Net earnings and comprehensive income
$
58,276

 
$
64,355

 
$
16,353