XML 104 R86.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 20 - Quarterly Results (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
 [1]
Sep. 30, 2015
 [2]
Jun. 28, 2015
 [3]
Mar. 29, 2015
 [4]
Dec. 28, 2014
Sep. 30, 2014
 [6]
Jun. 29, 2014
Mar. 30, 2014
Dec. 31, 2015
Dec. 28, 2014
Dec. 29, 2013
Revenue, Net $ 86,435 $ 62,512 $ 15,329 $ 12,766 $ 12,825 [5] $ 15,930 $ 14,107 [7] $ 12,310 $ 177,042 $ 55,172 $ 38,790
Income (loss) from operations 27,440 (7,752) 16 (1,341) 192 [5] (22,822) 326 [7] (1,647) 18,363 (23,951) 13,409
Net Income (Loss) Attributable to Parent $ 23,406 $ 3,018 $ (179) $ (1,725) $ (58) [5] $ (23,076) $ 57 [7] $ (1,768) $ 24,520 $ (24,845) $ 18,651
Basic (in dollars per share) $ 1.07 [8] $ 0.16 [8] $ (0.01) [8] $ (0.13) [8] $ (1.72) $ (0.14) $ 1.45 $ (1.86) $ 1.41
[1] 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.
[2] 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.
[3] Results included approximately $0.4 million in transaction-related costs associated with the Merger.
[4] 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.
[5] 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.
[6] 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.
[7] Results included gain on sale of cost method investment of $1.0 million related to the Company’s former investment in Dania Entertainment.
[8] 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.