XML 24 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
RIVIERA BLACK HAWK ACQUISITION TRANSACTION (Details) (USD $)
 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Riviera Black Hawk
Jun. 30, 2011
Riviera Black Hawk
Jun. 30, 2012
Riviera Black Hawk
Jun. 30, 2011
Riviera Black Hawk
Apr. 26, 2012
Riviera Black Hawk
Apr. 26, 2012
Riviera Black Hawk
Customer list
Apr. 26, 2012
Riviera Black Hawk
Trade name
Apr. 26, 2012
Riviera Black Hawk
Land
Apr. 26, 2012
Riviera Black Hawk
Site improvements
Apr. 26, 2012
Riviera Black Hawk
Building improvements
Apr. 26, 2012
Riviera Black Hawk
Furniture and equipment
Apr. 30, 2012
Riviera Black Hawk
Second Amended and Restated Credit Agreement
RIVIERA BLACK HAWK ACQUISITION TRANSACTION                                
Net working capital available after payment of indebtedness                 $ 2,100,000              
Amount borrowed under acquisition                               72,300,000
Amount of purchase price escrowed to secure Seller's indemnification obligations                 2,280,000              
Consideration                                
Cash consideration                 75,885,000              
Liabilities assumed by Monarch                 3,505,000              
Working capital adjustment                 604,000              
Total consideration                 79,994,000              
Tangible Assets:                                
Current assets                 6,241,000              
Total tangible assets                 35,908,000     8,700,000 30,000 15,200,000 5,737,000  
Intangible Assets:                                
Goodwill                 26,576,000              
Total intangible assets                 38,656,000 10,490,000 1,590,000          
Deferred tax asset                 5,430,000              
Total assets                 79,994,000              
Acquisition related Cost 1,625,930   1,700,521       1,700,000                  
Net revenue and operating income included in the entity's consolidated income statement                                
Net revenues 45,841,782 37,159,873 80,471,874 70,445,689 9,549,000                      
Income from operations 3,384,433 5,668,782 6,236,711 8,325,221 1,643,000                      
Net income 1,792,758 3,558,136 3,434,125 5,097,282 1,018,000                      
Basic earnings per common share (in dollars per share) $ 0.11 $ 0.22 $ 0.21 $ 0.32 $ 0.06                      
Diluted earnings per common share (in dollars per share) $ 0.11 $ 0.22 $ 0.21 $ 0.31 $ 0.06                      
Pro forma consolidated results of operations                                
Net revenues         49,079,000 49,714,000 95,923,000 95,274,000                
Income from operations         3,661,000 7,270,000 7,770,000 11,615,000                
Net income         $ 2,119,000 $ 5,117,000 $ 5,104,000 $ 8,270,000                
Basic earnings per share (in dollars per share)         $ 0.13 $ 0.32 $ 0.31 $ 0.52                
Diluted earnings per share (in dollars per share)         $ 0.13 $ 0.32 $ 0.31 $ 0.51