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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The table below presents net revenue from external customers and intercompany revenue from each of our operating segments:
| Year Ended December 31,
(in thousands) | 2015 |  | 2014 |  | 2013
Net revenue from external customers: |  |  |  |  |
Racing: |  |  |  |  |
Churchill Downs | $ | 151,125 |  |  | $ | 143,191 |  |  | $ | 132,845 |
Arlington | 54,405 |  |  | 60,312 |  |  | 64,483 |
Fair Grounds | 40,343 |  |  | 38,625 |  |  | 40,677 |
Calder | 2,730 |  |  | 19,325 |  |  | 36,264 |
Total Racing | 248,603 |  |  | 261,453 |  |  | 274,269 |
Casinos: |  |  |  |  |
Oxford Casino | 80,405 |  |  | 76,526 |  |  | 34,350 |
Riverwalk Casino | 49,758 |  |  | 50,139 |  |  | 53,645 |
Harlow’s Casino | 48,978 |  |  | 50,199 |  |  | 52,440 |
Calder Casino | 77,421 |  |  | 77,003 |  |  | 78,951 |
Fair Grounds Slots | 38,408 |  |  | 40,774 |  |  | 42,156 |
VSI | 36,913 |  |  | 33,653 |  |  | 35,634 |
Saratoga | 416 |  |  | — |  |  | — |
Total Casinos | 332,299 |  |  | 328,294 |  |  | 297,176 |
TwinSpires | 200,168 |  |  | 190,333 |  |  | 184,541 |
Big Fish Games: |  |  |  |  |
Casino | 193,428 |  |  | 7,627 |  |  | — |
Casual free-to-play | 125,321 |  |  | 2,098 |  |  | — |
Premium | 94,936 |  |  | 4,130 |  |  | — |
Total Big Fish Games | 413,685 |  |  | 13,855 |  |  | — |
Other Investments | 16,636 |  |  | 17,125 |  |  | 21,899 |
Corporate | 910 |  |  | 1,158 |  |  | 1,143 |
Net revenue from external customers | $ | 1,212,301 |  |  | $ | 812,218 |  |  | $ | 779,028 |
Intercompany net revenue: |  |  |  |  |
Racing: |  |  |  |  |
Churchill Downs | $ | 7,832 |  |  | $ | 7,038 |  |  | $ | 6,686 |
Arlington | 5,063 |  |  | 5,767 |  |  | 3,395 |
Fair Grounds | 1,306 |  |  | 1,089 |  |  | 1,151 |
Calder | — |  |  | 707 |  |  | 1,263 |
Total Racing | 14,201 |  |  | 14,601 |  |  | 12,495 |
TwinSpires | 1,032 |  |  | 958 |  |  | 853 |
Other Investments | 3,532 |  |  | 4,130 |  |  | 4,409 |
Eliminations | (18,765 | ) |  | (19,689 | ) |  | (17,757 | )
Net revenue | $ | — |  |  | $ | — |  |  | $ | — |
| Year Ended December 31,
(in thousands) | 2015 |  | 2014 |  | 2013
Reconciliation of segment Adjusted EBITDA to comprehensive income: |  |  |  |  |
Racing | $ | 71,841 |  |  | $ | 61,160 |  |  | $ | 50,275 |
Casinos | 108,516 |  |  | 101,106 |  |  | 80,631 |
TwinSpires | 51,533 |  |  | 45,282 |  |  | 49,122 |
Big Fish Games | 108,018 |  |  | 3,837 |  |  | — |
Other Investments | (37 | ) |  | (3,857 | ) |  | 809 |
Corporate | (4,253 | ) |  | (5,037 | ) |  | (4,606 | )
Total segment Adjusted EBITDA | 335,618 |  |  | 202,491 |  |  | 176,231 |
Change in Big Fish Games deferred revenue | (39,554 | ) |  | (4,497 | ) |  | — |
Big Fish Games adjustments | (21,748 | ) |  | (10,193 | ) |  | — |
Stock-based compensation expense | (13,849 | ) |  | (11,931 | ) |  | (21,482 | )
MVG interest expense, net | (2,098 | ) |  | (2,546 | ) |  | (170 | )
Calder exit costs | (13,854 | ) |  | (2,298 | ) |  | — |
Other charges and recoveries, net | 5,833 |  |  | (5,429 | ) |  | (1,204 | )
Depreciation and amortization | (109,706 | ) |  | (68,257 | ) |  | (61,750 | )
Interest income (expense), net | (28,553 | ) |  | (20,822 | ) |  | (6,119 | )
Income tax provision | (46,892 | ) |  | (30,161 | ) |  | (30,473 | )
Net income from continuing operations | 65,197 |  |  | 46,357 |  |  | 55,033 |
Discontinued operations, net of income taxes | — |  |  | — |  |  | (133 | )
Net income | 65,197 |  |  | 46,357 |  |  | 54,900 |
Foreign currency translation, net of tax | (463 | ) |  | (125 | ) |  | — |
Comprehensive income | $ | 64,734 |  |  | $ | 46,232 |  |  | $ | 54,900 |
The table below presents information about equity in income (losses) of unconsolidated investments included in our reported segments:
| Year Ended December 31,
(in thousands) | 2015 |  | 2014 |  | 2013
Casinos | $ | 10,929 |  |  | $ | 8,900 |  |  | $ | (3,718 | )
TwinSpires | — |  |  | (68 | ) |  | (848 | )
Other Investments | 251 |  |  | (2,504 | ) |  | 424 |
| $ | 11,180 |  |  | $ | 6,328 |  |  | $ | (4,142 | )
Reconciliation of Assets from Segment to Consolidated | The table below presents total asset information for each of our operating segments:
| As of December 31,
(in thousands) | 2015 |  | 2014
Total assets: |  |  |
Racing | $ | 437,070 |  |  | $ | 456,034 |
Casinos | 631,280 |  |  | 621,489 |
TwinSpires | 177,624 |  |  | 178,694 |
Big Fish Games | 947,112 |  |  | 996,918 |
Other Investments | 37,033 |  |  | 34,083 |
Corporate | 47,325 |  |  | 69,035 |
| $ | 2,277,444 |  |  | $ | 2,356,253 |
The table below presents capital expenditures for each of our operating segments:
| Year Ended December 31,
(in thousands) | 2015 |  | 2014 |  | 2013
Capital expenditures, net: |  |  |  |  |
Racing | $ | 12,280 |  |  | $ | 33,919 |  |  | $ | 20,184 |
Casinos | 18,784 |  |  | 7,715 |  |  | 13,643 |
TwinSpires | 4,306 |  |  | 5,778 |  |  | 5,908 |
Big Fish Games | 6,431 |  |  | 116 |  |  | — |
Other Investments | 809 |  |  | 5,240 |  |  | 8,375 |
Corporate | 900 |  |  | 1,718 |  |  | 661 |
| $ | 43,510 |  |  | $ | 54,486 |  |  | $ | 48,771 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -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 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 + Details
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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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