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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 5,675,854 $ 8,236,261 $ 4,841,479
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 13,379,538 13,281,396 12,501,048
Amortization of deferred loan costs 258,863 257,579 265,630
Share based compensation 1,619,652 1,741,084 2,048,771
Provision for bad debts 84,798 740,387 1,120,333
Loss (gain) on disposal of assets 3,428,500 167,813 (63,948)
Deferred income taxes (2,377,510) (731,947) 1,919,523
Changes in operating assets and liabilities:      
Receivables 884,605 (1,714,934) (70,595)
Inventories (281,293) (176,949) (142,520)
Prepaid expenses 154,459 70,309 228,221
Other assets     2,735,433
Accounts payable (1,523,100) 1,232,485 (1,229,408)
Accrued expenses 391,059 3,021,263 2,115,968
Federal income taxes 867,842 (145,748) (187,190)
Net cash provided by operating activities 22,563,267 25,978,999 26,082,745
Cash flows from investing activities:      
Proceeds from sale of assets 1,500 16,000 83,425
Acquisition of property and equipment (13,591,843) (6,814,562) (15,845,321)
Acquisition deposit (3,800,000)    
Change in construction payable     (5,404,372)
Net cash used in investing activities (17,390,343) (6,798,562) (21,166,268)
Cash flows from financing activities:      
Proceeds from exercise of stock options   95,372 13,009
Tax benefit of stock option exercise   4,472 6,674
Principal payments on long-term debt (19,100,000) (21,200,000) (13,250,000)
Borrowings under credit facility 15,180,000 1,300,000 11,750,000
Loan issuance costs (1,470,869)   (772,737)
Net cash used in financing activities (5,390,869) (19,800,156) (2,253,054)
Net (decrease) increase in cash (217,945) (619,719) 2,663,423
Cash and cash equivalents at beginning of period 13,800,604 14,420,323 11,756,900
Cash and cash equivalents at end of period 13,582,659 13,800,604 14,420,323
Supplemental disclosure of cash flow information:      
Cash paid for interest 532,795 1,144,613 1,948,457
Cash paid for income taxes 3,650,000 5,000,000 2,240,000
Non cash transaction - reduction of jackpot liability $ 638,865