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Note 19 - Segment Information
 12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
19.  Segment Information   
 
During the third quarter of 2015, the Company redefined its reportable segments to reflect the change in its business following the Merger. As a result of the Merger, the Company now conducts its business through two reportable operating segments: Distributed Gaming and Casinos. Prior to the Merger, the Company conducted its business through the following two segments: Rocky Gap and Other. Prior to 2014, the Company also conducted its business through the Indian Casino Projects reportable operating segment, which included the results of operations and assets related to the development, financing, and management of gaming-related properties for Native American tribes. Prior period information has been recast to reflect the new segment structure and present comparative year-over-year results.
 
The Company’s Distributed Gaming segment involves the installation, maintenance and operation of gaming devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars
, taverns, saloons and liquor stores), and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area. The Company’s Casinos segment includes results of operations and assets related to Rocky Gap in Flintstone, Maryland and its three casino properties in Pahrump, Nevada. The Corporate and Other segment includes the Company’s cash and cash equivalents, short-term investments, cost method investments and corporate overhead, as well as historical results of operations and assets related to the Company’s former Indian Casino Projects segment. Costs recorded in the Corporate and Other segment have not been allocated to the Company’s reportable operating segments because these costs are not easily allocable and to do so would not be practical. Amounts in the Eliminations column represent the intercompany management fee for Rocky Gap.
 
 
 
Distributed
Gaming
 
 
Casinos
 
 
Corporate
and Other
 
 
Eliminations
 
 
Consolidated
 
 
  
(In thousands)
  
Year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
   $ 103,610     $ 73,245     $ 1,985     $ (1,798 )   $ 177,042  
Management fee revenue (expense)
     —       (1,798 )     1,798       —       —  
Recovery of impairment on notes receivable
     —       —       23,590       —       23,590  
Gain on sale of cost method investment
     —       —       750       —       750  
Impairments and other losses
     —       —       (682 )     —       (682 )
Depreciation and amortization expense
     (5,315 )     (4,928 )     (555 )     —       (10,798 )
Income from operations
     8,560       7,655       2,148       —       18,363  
Interest expense
     (69 )     (626 )     (2,115 )     —       (2,810 )
Total assets
     221,596       112,962       44,226       —       378,784  
Capital expenditures
(1)
     4,595       2,594       757       —       7,946  
                                         
Year ended December 28, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
   $ —     $ 55,021     $ 1,722     $ (1,571 )   $ 55,172  
Management fee revenue (expense)
     —       (1,571 )     1,571       —       —  
Gain on sale of cost method investment
     —       —       2,391       —       2,391  
Charges related to arbitration award
     —       —       (2,530 )     —       (2,530 )
Impairments and other losses
     —       —       (20,997 )     —       (20,997 )
Depreciation and amortization expense
     —       (3,283 )     (230 )     —       (3,513 )
Income (loss) from operations
     —       3,203       (27,154 )     —       (23,951 )
Interest expense
     —       (1,198 )     (11 )     —       (1,209 )
Total assets
     —       35,688       86,341       —       122,029  
Capital expenditures
     —       4,345       171       —       4,516  
                                         
Year ended December 29, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
   $ —     $ 30,934     $ 8,574     $ (718 )   $ 38,790  
Management fee revenue (expense)
     —       (718 )     718       —       —  
Recovery of impairment on notes receivable
     —       —       17,382       —       17,382  
Gain on extinguishment of liabilities
     —       —       3,752       —       3,752  
Impairments and other losses
     —       —       (3,356 )     —       (3,356 )
Depreciation and amortization expense
     —       (2,069 )     (920 )     —       (2,989 )
Income (loss) from operations
     —       (5,202 )     18,611       —       13,409  
Interest expense
     —       (748 )     (496 )     —       (1,244 )
Gain on modification of debt
     —       1,658       —       —       1,658  
Total assets
     —       34,364       112,897       —       147,261  
Capital expenditures
(1)
     —       20,605       90       —       20,695  
Investment in unconsolidated investee
     —       —       20,997       —       20,997  
 
(1)
 Capital expenditures exclude non-cash purchases of property and equipment of approximately $2.8 million in the Distributed Gaming segment for the year ended December 31, 2015 and approximately $0.5 million in the Casinos segment for the year ended December 29, 2013.