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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2015
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The table below presents information about the reported segments for the three and nine months ended September 30, 2015 and 2014 (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Net revenues from external customers: |  |  |  |  |  |  |
Big Fish Games | $ | 103,540 |  |  | $ | — |  |  | $ | 299,969 |  |  | $ | — |
Casinos: |  |  |  |  |  |  |
Calder Casino | 18,561 |  |  | 18,104 |  |  | 58,726 |  |  | 58,560 |
Fair Grounds Slots | 8,789 |  |  | 9,453 |  |  | 29,324 |  |  | 30,823 |
VSI | 9,011 |  |  | 8,008 |  |  | 27,584 |  |  | 25,241 |
Harlow's Casino | 11,741 |  |  | 12,197 |  |  | 37,471 |  |  | 38,425 |
Oxford Casino | 22,338 |  |  | 21,887 |  |  | 60,799 |  |  | 58,808 |
Riverwalk Casino | 12,003 |  |  | 11,974 |  |  | 37,724 |  |  | 37,931 |
Saratoga | 236 |  |  | — |  |  | 236 |  |  | — |
Total Casinos | 82,679 |  |  | 81,623 |  |  | 251,864 |  |  | 249,788 |
TwinSpires | 50,346 |  |  | 46,266 |  |  | 156,409 |  |  | 149,426 |
Racing: |  |  |  |  |  |  |
Churchill Downs | 7,863 |  |  | 8,021 |  |  | 136,663 |  |  | 128,511 |
Arlington | 24,978 |  |  | 26,974 |  |  | 48,909 |  |  | 54,289 |
Calder | 638 |  |  | 786 |  |  | 2,029 |  |  | 18,524 |
Fair Grounds | 5,388 |  |  | 5,274 |  |  | 31,140 |  |  | 29,745 |
Total Racing | 38,867 |  |  | 41,055 |  |  | 218,741 |  |  | 231,069 |
Other Investments | 4,093 |  |  | 4,249 |  |  | 12,200 |  |  | 12,864 |
Corporate | 240 |  |  | 290 |  |  | 731 |  |  | 949 |
Net revenues from external customers | $ | 279,765 |  |  | $ | 173,483 |  |  | $ | 939,914 |  |  | $ | 644,096 |
Intercompany net revenues: |  |  |  |  |  |  |
TwinSpires | $ | 234 |  |  | $ | 240 |  |  | $ | 781 |  |  | $ | 714 |
Racing: |  |  |  |  |  |  |
Churchill Downs | 685 |  |  | 678 |  |  | 6,302 |  |  | 5,851 |
Arlington | 1,665 |  |  | 2,001 |  |  | 4,109 |  |  | 4,795 |
Calder | — |  |  | — |  |  | — |  |  | 707 |
Fair Grounds | 11 |  |  | 15 |  |  | 869 |  |  | 744 |
Total Racing | 2,361 |  |  | 2,694 |  |  | 11,280 |  |  | 12,097 |
Other Investments | 792 |  |  | 829 |  |  | 2,680 |  |  | 2,937 |
Eliminations | (3,387 | ) |  | (3,763 | ) |  | (14,741 | ) |  | (15,748 | )
Net revenues | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Reconciliation of segment Adjusted EBITDA to net earnings: |  |  |  |  |  |  |
Big Fish Games | $ | 33,295 |  |  | $ | — |  |  | $ | 81,559 |  |  | $ | — |
Casinos | 25,037 |  |  | 24,937 |  |  | 81,779 |  |  | 78,362 |
TwinSpires | 13,759 |  |  | 11,098 |  |  | 41,666 |  |  | 35,135 |
Racing | 283 |  |  | (1,229 | ) |  | 76,281 |  |  | 66,600 |
Other Investments | (78 | ) |  | (899 | ) |  | 35 |  |  | (2,475 | )
Total segment Adjusted EBITDA | 72,296 |  |  | 33,907 |  |  | 281,320 |  |  | 177,622 |
Corporate Adjusted EBITDA | (1,685 | ) |  | (1,398 | ) |  | (5,239 | ) |  | (3,645 | )
Insurance recoveries, net of losses | — |  |  | — |  |  | — |  |  | 431 |
Big Fish Games acquisition charges | (2,810 | ) |  | — |  |  | (17,410 | ) |  | — |
Big Fish Games changes in deferred revenue | (10,907 | ) |  | — |  |  | (32,003 | ) |  | — |
Share-based compensation | (4,485 | ) |  | (2,213 | ) |  | (10,580 | ) |  | (10,567 | )
Calder exit costs | (12,737 | ) |  | (2,298 | ) |  | (13,490 | ) |  | (2,298 | )
MVG interest expense, net | (535 | ) |  | (819 | ) |  | (1,625 | ) |  | (1,956 | )
Other charges and recoveries, net | — |  |  | (355 | ) |  | 6,114 |  |  | (832 | )
Depreciation and amortization | (27,452 | ) |  | (17,280 | ) |  | (82,129 | ) |  | (48,324 | )
Interest (expense) income, net | (6,732 | ) |  | (5,167 | ) |  | (21,104 | ) |  | (15,092 | )
Income tax provision | (750 | ) |  | (846 | ) |  | (46,165 | ) |  | (35,175 | )
Net earnings | 4,203 |  |  | 3,531 |  |  | 57,689 |  |  | 60,164 |
Foreign currency translation, net of tax effect | 58 |  |  | — |  |  | (357 | ) |  | — |
Comprehensive earnings | $ | 4,261 |  |  | $ | 3,531 |  |  | $ | 57,332 |  |  | $ | 60,164 |
Reconciliation of Assets from Segment to Consolidated | The table below presents equity in earnings of unconsolidated investments included in the Company’s reported segments for the three months and nine ended September 30, 2015 and 2014 (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Casinos | $ | 2,337 |  |  | $ | 1,839 |  |  | $ | 7,754 |  |  | $ | 6,676 |
TwinSpires | — |  |  | (289 | ) |  | — |  |  | (41 | )
Other Investments | 52 |  |  | (493 | ) |  | 490 |  |  | (782 | )
| $ | 2,389 |  |  | $ | 1,057 |  |  | $ | 8,244 |  |  | $ | 5,853 |
The table below presents total capital expenditures for the reported segments for the nine months ended September 30, 2015 and 2014 (in thousands):
| Nine Months Ended September 30,
| 2015 |  | 2014
Capital expenditures: |  |  |
Big Fish Games | $ | 2,987 |  |  | $ | — |
Casinos | 15,383 |  |  | 6,629 |
TwinSpires | 3,098 |  |  | 4,716 |
Racing | 8,359 |  |  | 33,491 |
Other Investments | 1,011 |  |  | 4,018 |
| $ | 30,838 |  |  | $ | 48,854 |
The table below presents total assets for the reported segments (in thousands):
| September 30, 2015 |  | December 31, 2014
Total assets: |  |  |
Big Fish Games | $ | 1,052,842 |  |  | $ | 1,009,668 |
Casinos | 608,396 |  |  | 621,240 |
TwinSpires | 184,830 |  |  | 182,322 |
Racing | 377,594 |  |  | 518,517 |
Other Investments | 36,653 |  |  | 30,757 |
| $ | 2,260,315 |  |  | $ | 2,362,504 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
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