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Financial Reporting By Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2018
Financial Reporting By Business Segments |
Segments' Internal Financial Reports | The following information (amounts in thousands) is derived directly from the segments’ internal financial reports used for corporate management purposes.
| 2018 |  | 2017 |  | 2016
Revenues: |  |  |  |  |  |  |  |
Hospitality | $ | 1,127,903 |  | $ | 1,059,660 |  | $ | 1,039,643
Entertainment |  | 147,215 |  |  | 125,059 |  |  | 109,564
Corporate and Other |  | — |  |  | — |  |  | —
Total | $ | 1,275,118 |  | $ | 1,184,719 |  | $ | 1,149,207
Depreciation and amortization: |  |  |  |  |  |  |  |
Hospitality | $ | 108,779 |  | $ | 102,759 |  | $ | 100,186
Entertainment |  | 10,280 |  |  | 7,074 |  |  | 7,034
Corporate and Other |  | 1,817 |  |  | 2,126 |  |  | 2,596
Total | $ | 120,876 |  | $ | 111,959 |  | $ | 109,816
Operating income: |  |  |  |  |  |  |  |
Hospitality | $ | 247,885 |  | $ | 223,302 |  | $ | 217,018
Entertainment |  | 27,686 |  |  | 33,472 |  |  | 27,903
Corporate and Other |  | (32,650) |  |  | (33,513) |  |  | (29,479)
Preopening costs (1) |  | (4,869) |  |  | (1,926) |  |  | —
Impairment charges (2) |  | (23,783) |  |  | (35,418) |  |  | —
Total operating income |  | 214,269 |  |  | 185,917 |  |  | 215,442
Interest expense |  | (74,961) |  |  | (66,051) |  |  | (63,906)
Interest income |  | 10,469 |  |  | 11,818 |  |  | 11,500
Income (loss) from joint ventures (3) |  | 125,005 |  |  | (4,402) |  |  | (2,794)
Other gains and (losses), net |  | 1,633 |  |  | (337) |  |  | 2,524
Income before income taxes | $ | 276,415 |  | $ | 126,945 |  | $ | 162,766
| (1) |  | Preopening costs for 2018 include $2.9 million and $1.9 million for the Hospitality and Entertainment segments, respectively. Preopening costs for 2017 include $0.3 million and $1.6 million for the Hospitality and Entertainment segments, respectively.
| (2) |  | Impairment charges for 2018 relate to the Entertainment segment. Impairment charges for 2017 relate to the Hospitality segment.
| (3) |  | Income from joint ventures for 2018 includes $124.4 million (which includes the gain discussed in Note 4) and $0.6 million for the Hospitality and Entertainment segments, respectively. Loss from joint ventures for 2017 includes $1.9 million and $2.5 million for the Hospitality and Entertainment segments, respectively. Loss from joint ventures for 2016 includes $1.2 million and $1.6 million for the Hospitality and Entertainment segments, respectively.
|  | December 31, |  | December 31,
|  | 2018 |  | 2017
Identifiable assets: |  |  |  |  |  |
Hospitality |  | $ | 3,547,638 |  | $ | 2,256,395
Entertainment |  |  | 155,412 |  |  | 132,671
Corporate and Other |  |  | 150,833 |  |  | 135,162
Total identifiable assets |  | $ | 3,853,883 |  | $ | 2,524,228
Capital Expenditures for Continuing Operations | The following table represents the capital expenditures by segment for the years ended December 31 (amounts in thousands):
|  | 2018 |  | 2017 |  | 2016
Hospitality |  | $ | 142,738 |  | $ | 163,227 |  | $ | 96,372
Entertainment |  |  | 44,863 |  |  | 18,814 |  |  | 20,940
Corporate and other |  |  | 616 |  |  | 524 |  |  | 665
Total capital expenditures |  | $ | 188,217 |  | $ | 182,565 |  | $ | 117,977

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- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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