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Summarized Quarterly Data (Unaudited) | 12 Months Ended
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Dec. 31, 2015
Summarized Quarterly Data (Unaudited) |
Summarized Quarterly Data (Unaudited) | 17. Summarized Quarterly Data (Unaudited) The following table summarizes the quarterly results of operations for the years ended December 31, 2015 and 2014:
|  | Fiscal Quarter |
|  | First |  | Second |  | Third |  | Fourth |
|  | (in thousands, except per share data) |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 664,138 |  | $ | 700,956 |  | $ | 739,297 |  | $ | 733,967 |
Income from operations |  |  | 111,689 |  |  | 123,361 |  |  | 142,172 |  |  | 90,624 |
Net income (loss) |  |  | 1,869 |  |  | 2,983 |  |  | 4,900 |  |  | (9,066 | )
Earnings (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings (loss) per common share |  | $ | 0.02 |  | $ | 0.03 |  | $ | 0.06 |  | $ | (0.11 | )
Diluted earnings (loss) per common share |  | $ | 0.02 |  | $ | 0.03 |  | $ | 0.05 |  | $ | (0.11 | )
|  | Fiscal Quarter |
|  | First |  | Second |  | Third |  | Fourth |
|  | (in thousands, except per share data) |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 641,080 |  | $ | 652,146 |  | $ | 645,940 |  | $ | 651,361 |
Income (loss) from operations |  |  | 102,514 |  |  | 105,467 |  |  | 105,853 |  |  | (56,646 | )
Net income (loss) |  |  | 580 |  |  | (19,273 | ) |  | (15,348 | ) |  | (149,781 | )
Earnings (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings (loss) per common share |  | $ | 0.01 |  | $ | (0.25 | ) | $ | (0.20 | ) | $ | (1.90 | )
Diluted earnings (loss) per common share |  | $ | 0.01 |  | $ | (0.25 | ) | $ | (0.20 | ) | $ | (1.90 | )
For the year ended December 31, 2015, the Company recorded other intangible assets impairment charges of $40.0 million related to the write-off of our Plainridge Park Casino gaming license and a partial write-down of the gaming license at Hollywood Gaming at Dayton Raceway due to a reduction in the long term earnings forecast at both of these locations. During the fourth quarter of 2014, the Company recorded goodwill and other intangible assets impairment charges of $155.3 million, as it determined that a portion of the value of its goodwill and other intangible assets was impaired due to the Company's outlook of continued challenging regional gaming conditions which persisted in 2014 at certain properties in its Southern Plains segment, as well as for the write-off of a trademark intangible asset in the West segment. During the second quarter of 2014, the Company recorded an impairment charge of $4.6 million to write-down certain idle assets to their estimated salvage value. During the first, second, third and fourth quarters of 2015, the Company incurred interest expense related to the Master Lease of $96.4 million, $97.7 million, $97.8 million and $98.2 million, respectively. During the first, second, third and fourth quarters of 2014, the Company incurred interest expense related to the Master Lease of $93.1 million, $94.0 million, $94.6 million and $97.5 million, respectively.

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