XML 44 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
RIVIERA BLACK HAWK ACQUISITION TRANSACTION (Tables)
 6 Months Ended
Jun. 30, 2012
RIVIERA BLACK HAWK ACQUISITION TRANSACTION  
Schedule of allocation of purchase price

 

 

Cash consideration

 

$

75,885

 

Liabilities assumed by Monarch

 

3,505

 

Working capital adjustment

 

604

 

Total consideration

 

$

79,994

 

 

The preliminary allocation of pro forma purchase price is as follows (in thousands):

 

Tangible Assets:

 

 

 

Current assets

 

$

6,241

 

Land

 

8,700

 

Site improvements

 

30

 

Building improvements

 

15,200

 

Furniture and equipment

 

5,737

 

Total tangible assets

 

35,908

 

Intangible Assets:

 

 

 

Customer list

 

10,490

 

Trade name

 

1,590

 

Goodwill

 

26,576

 

Total intangible assets

 

38,656

 

Deferred tax asset

 

5,430

 

Total assets

 

$

79,994
Schedule of net revenue and operating income included in the entity's unaudited condensed consolidated statement of income

 

 

Net revenues

 

$

9,549

 

Income from operations

 

$

1,643

 

Net income

 

$

1,018

 

Basic earnings per common share

 

$

0.06

 

Diluted earnings per common share

 

$

0.06
Schedule of pro forma consolidated results of operations

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Pro forma:

 

 

 

 

 

 

 

 

 

Net revenues

 

$

49,079

 

$

49,714

 

$

95,923

 

$

95,274

 

Income from operations

 

$

3,661

 

$

7,270

 

$

7,770

 

$

11,615

 

Net income

 

$

2,119

 

$

5,117

 

$

5,104

 

$

8,270

 

Basic earnings per share

 

$

0.13

 

$

0.32

 

$

0.31

 

$

0.52

 

Diluted earnings per share

 

$

0.13

 

$

0.32

 

$

0.31

 

$

0.51