XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Information (Details) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2016 USD ($) | Jun. 30, 2016 segment | Sep. 30, 2015 USD ($) | Sep. 30, 2016 USD ($) segment | Sep. 30, 2015 USD ($) | Dec. 31, 2015 USD ($)
Segment information |  |  |  |  |  |
Number of reportable segments | segment |  | 3 |  | 3 |  |
Income (loss) from operations | $ 139,300 |  | $ 142,172 | $ 429,168 | $ 377,222 |
Charge for stock compensation | 1,517 |  | 2,025 | 4,554 | 6,446 |
Depreciation and amortization | 67,903 |  | 66,141 | 200,105 | 191,785 |
Contingent purchase price | (30) |  | (6,651) | (1,111) | (5,944) |
(Gain) loss on disposal of assets | (2,781) |  | 276 | (3,440) | 801 |
Insurance recoveries | (726) |  |  | (726) |  |
Income from unconsolidated affiliates | 3,505 |  | 3,759 | 11,662 | 11,895 |
Adjusted EBITDA | 211,260 |  | 210,262 | 647,925 | 590,023 |
Net revenues | 765,597 |  | 739,297 | 2,291,470 | 2,104,391 |
Capital expenditures | 22,379 |  | 46,546 | 65,913 | 167,035 |
Total assets | 5,251,679 |  |  | 5,251,679 |  | $ 5,138,752
Investment in and advances to unconsolidated affiliates | 158,304 |  |  | 158,304 |  | 168,149
Goodwill and other intangible assets, net | 1,425,622 |  |  | 1,425,622 |  | 1,303,384
Kansas Entertainment |  |  |  |  |  |
Segment information |  |  |  |  |  |
Non-operating items | 2,572 |  | 2,540 | 7,713 | 7,818 |
Operating Segments | Northeast |  |  |  |  |  |
Segment information |  |  |  |  |  |
Income (loss) from operations | 101,752 |  | 107,148 | 306,368 | 274,995 |
Depreciation and amortization | 22,975 |  | 24,350 | 69,177 | 70,016 |
Contingent purchase price | (293) |  | (6,651) | (1,374) | (5,944) |
(Gain) loss on disposal of assets | (13) |  | 33 | (6) | 40 |
Adjusted EBITDA | 124,421 |  | 124,880 | 374,165 | 339,107 |
Net revenues | 395,748 |  | 406,552 | 1,190,469 | 1,120,272 |
Capital expenditures | 6,465 |  | 39,272 | 21,852 | 136,587 |
Total assets | 854,583 |  |  | 854,583 |  | 918,292
Investment in and advances to unconsolidated affiliates | 79 |  |  | 79 |  | 84
Goodwill and other intangible assets, net | 324,285 |  |  | 324,285 |  | 324,285
Operating Segments | South/West |  |  |  |  |  |
Segment information |  |  |  |  |  |
Income (loss) from operations | 19,337 |  | 22,307 | 72,944 | 81,910 |
Depreciation and amortization | 9,097 |  | 6,971 | 26,701 | 17,091 |
(Gain) loss on disposal of assets | 72 |  | 185 | 58 | 585 |
Adjusted EBITDA | 28,506 |  | 29,463 | 99,703 | 99,586 |
Net revenues | 135,169 |  | 118,266 | 411,245 | 345,516 |
Capital expenditures | 7,540 |  | 3,089 | 21,851 | 12,948 |
Total assets | 1,109,773 |  |  | 1,109,773 |  | 968,152
Goodwill and other intangible assets, net | 224,746 |  |  | 224,746 |  | 224,746
Operating Segments | Midwest |  |  |  |  |  |
Segment information |  |  |  |  |  |
Income (loss) from operations | 56,343 |  | 52,521 | 172,013 | 160,631 |
Depreciation and amortization | 9,593 |  | 9,984 | 28,621 | 29,846 |
(Gain) loss on disposal of assets | 64 |  | 34 | 18 | 28 |
Insurance recoveries | (726) |  |  | (726) |  |
Income from unconsolidated affiliates | 3,798 |  | 3,831 | 12,261 | 12,021 |
Adjusted EBITDA | 71,644 |  | 68,910 | 219,900 | 210,344 |
Net revenues | 221,172 |  | 209,115 | 662,506 | 622,652 |
Capital expenditures | 7,438 |  | 3,707 | 19,768 | 14,922 |
Total assets | 1,059,591 |  |  | 1,059,591 |  | 1,091,514
Investment in and advances to unconsolidated affiliates | 94,369 |  |  | 94,369 |  | 103,608
Goodwill and other intangible assets, net | 748,952 |  |  | 748,952 |  | 750,127
Operating Segments | Midwest | Kansas Entertainment |  |  |  |  |  |
Segment information |  |  |  |  |  |
Non-operating items | 2,572 |  | 2,540 | 7,713 | 7,818 |
Other |  |  |  |  |  |
Segment information |  |  |  |  |  |
Income (loss) from operations | (38,132) |  | (39,804) | (122,157) | (140,314) |
Charge for stock compensation | 1,517 |  | 2,025 | 4,554 | 6,446 |
Depreciation and amortization | 26,238 |  | 24,836 | 75,606 | 74,832 |
Contingent purchase price | 263 |  |  | 263 |  |
(Gain) loss on disposal of assets | (2,904) |  | 24 | (3,510) | 148 |
Income from unconsolidated affiliates | (293) |  | (72) | (599) | (126) |
Adjusted EBITDA | (13,311) |  | (12,991) | (45,843) | (59,014) |
Net revenues | 13,508 |  | 5,364 | 27,250 | 15,951 |
Capital expenditures | 936 |  | $ 478 | 2,442 | $ 2,578 |
Total assets | 2,227,732 |  |  | 2,227,732 |  | 2,160,794
Investment in and advances to unconsolidated affiliates | 63,856 |  |  | 63,856 |  | 64,457
Goodwill and other intangible assets, net | $ 127,639 |  |  | $ 127,639 |  | $ 4,226

X
- Definition Represents the capital expenditures incurred with respect to segments. + References No definition available. + Details
Name: | penn_CapitalExpenditures
Namespace Prefix: | penn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Sum of operating profit and non-operating income or expense before interest, taxes, depreciation and amortization. + References No definition available. + Details
Name: | penn_IncomeLossBeforeInterestTaxesDepreciationAndAmortization
Namespace Prefix: | penn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(12)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_Assets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 4 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 + Details
Name: | us-gaap_DepreciationAndAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 + Details
Name: | us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66022249&loc=d3e33749-111570 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)(f)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_IncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount recovered from insurance. These recoveries reduce costs and losses that are reported as a separate line item under operating expenses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_InsuranceRecoveries
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Carrying amount of finite-lived intangible assets, indefinite-lived intangible assets and goodwill. Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Intangible assets are assets, not including financial assets, lacking physical substance. + References No definition available. + Details
Name: | us-gaap_IntangibleAssetsNetIncludingGoodwill
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_NonoperatingIncomeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. + References No definition available. + Details
Name: | us-gaap_NumberOfReportableSegments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 + Details
Name: | us-gaap_ShareBasedCompensation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis=penn_KansasEntertainmentLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=penn_NortheastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=penn_SouthWestMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=penn_MidwestMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |