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Note 20 - Selected Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2015
Notes to Financial Statements |
Quarterly Financial Information [Text Block] | 20. Selected Quarterly Financial Information (Unaudited): Quarterly results of operations for the years ended December 31, 2015 and December 28, 2014 are summarized as follows:
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter (1) |  |  | Quarter (2) |  |  | Quarter (3) |  |  | Quarter (4) |
|  | (In thousands, except per share amounts) |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 12,766 |  |  | $ | 15,329 |  |  | $ | 62,512 |  |  | $ | 86,435 |
Income (loss) from operations |  |  | (1,341 | ) |  |  | 16 |  |  |  | (7,752 | ) |  |  | 27,440 |
Net income (loss) |  |  | (1,725 | ) |  |  | (179 | ) |  |  | 3,018 |  |  |  | 23,406 |
Net income (loss) per basic share (5) |  | $ | (0.13 | ) |  | $ | (0.01 | ) |  | $ | 0.16 |  |  | $ | 1.07 |
(1) | Results included gain on sale of cost method investment of $0.8 million related to the investment in Rock Ohio Ventures and approximately $0.8 million in transaction-related costs associated with the Merger .
(2) | Results included approximately $0.4 million in transaction-related costs associated with the Merger .
(3) | Results included the operating results of Sartini Gaming from and after August 1, 2015 , following the consummation of the Merger, a $1.2 million loss on extinguishment of debt, approximately $9.3 million in transaction-related costs associated with the Merger and an income tax benefit of $12.9 million attributable primarily to the income tax benefit recorded from the reversal of an existing valuation allowance on deferred tax assets as a result of the net deferred tax liabilities assumed in connection with the Merger .
(4) | Results included the operating results of Sartini Gaming for the entire fourth quarter, a gain on recovery of impaired notes receivable of $23.6 million related to the disposition of the Jamul Note, approximately $0.9 million in transaction-related costs associated with the Merger and an income tax provision of $2.7 million .
(5) | Because net income (loss) per share amounts are calculated using the weighted average number of common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters does not equal the total net income (loss) per share amounts for the year. The per share amounts in the second half of 2015 were impacted by the issuance of an aggregate of approximately 8.5 million shares of the Company’s common stock in connection with the Merger.
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter (1) |  |  | Quarter (2) |  |  | Quarter (3) |
|  | (In thousands, except per share amounts) |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 12,310 |  |  | $ | 14,107 |  |  | $ | 15,930 |  |  | $ | 12,825 |
Income (loss) from operations |  |  | (1,647 | ) |  |  | 326 |  |  |  | (22,822 | ) |  |  | 192 |
Net income (loss) |  |  | (1,768 | ) |  |  | 57 |  |  |  | (23,076 | ) |  |  | (58 | )
Net loss per basic share |  | $ | (0.14 | ) |  | $ | — |  |  | $ | (1.72 | ) |  | $ | — |
(1) | Results included gain on sale of cost method investment of $1.0 million related to the Company’s former investment in Dania Entertainment.
(2) | Results included impairment losses of $21.0 million related to the write-down of the Company’s former investment in Rock Ohio Ventures and charges related to arbitration award of $2.5 million related to the matter of Jerry Argovitz v. Lakes Entertainment, Inc. and Lakes Shingle Springs, Inc.
(3) | Results included gain on sale of cost method investment of $1.4 million related to the Company’s former investment in Dania Entertainment and approximately $0.5 million in transaction-related costs associated with the Merger .

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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