XML 53 R40.htm IDEA: XBRL DOCUMENT v3.19.1

Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables set forth, for the periods indicated, certain operating data for the Company’s segments, and reconciles net income (loss) to Adjusted EBITDA:

		Year Ended December 31, 2018
(In thousands)		Casinos				Distributed Gaming				Corporate and Other				Consolidated
Revenues
Gaming		$	246,623			$	278,553			$	—			$	525,176
Food and beverage			119,636				50,817				—				170,453
Rooms			106,805				—				—				106,805
Other			40,885				7,697				778				49,360
Total revenues		$	513,949			$	337,067			$	778			$	851,794
Net income (loss)		$	82,556			$	25,870			$	(129,340	)		$	(20,914	)
Depreciation and amortization			72,242				20,604				1,610				94,456
Acquisition expenses			—				—				2,956				2,956
Loss on disposal of property and equipment			2,893				443				—				3,336
Share-based compensation			37				3				9,948				9,988
Preopening expenses			170				365				636				1,171
Class action litigation expenses			16				195				363				574
Executive severance and sign-on bonuses			289				38				457				784
Other, net			172				213				129				514
Interest expense, net			110				93				63,825				64,028
Change in fair value of derivative			—				—				(1,786	)			(1,786	)
Income tax provision			—				—				9,639				9,639
Adjusted EBITDA		$	158,485			$	47,824			$	(41,563	)		$	164,746

		Year Ended December 31, 2017
(In thousands)		Casinos				Distributed Gaming				Corporate and Other				Consolidated
Revenues
Gaming		$	109,097			$	272,299			$	—			$	381,396
Food and beverage			34,373				46,931				—				81,304
Rooms			24,163				—				—				24,163
Other			11,416				8,276				583				20,275
Total revenues		$	179,049			$	327,506			$	583			$	507,138
Net income (loss)		$	30,351			$	29,210			$	(57,477	)		$	2,084
Depreciation and amortization			19,544				19,601				1,641				40,786
Acquisition expenses			—				—				5,041				5,041
Loss on disposal of property and equipment			17				414				10				441
Gain on contingent consideration			—				(1,719	)			—				(1,719	)
Share-based compensation			—				—				8,754				8,754
Preopening expenses			—				1,234				398				1,632
Class action litigation expenses			—				—				1,617				1,617
Executive severance and sign-on bonuses			636				—				506				1,142
Other operating, net			361				(240	)			(278	)			(157	)
Interest expense, net			(17	)			390				19,225				19,598
Loss on extinguishment of debt			—				—				1,708				1,708
Change in fair value of derivative			—				—				(178	)			(178	)
Income tax benefit			—				—				(7,921	)			(7,921	)
Adjusted EBITDA		$	50,892			$	48,890			$	(26,954	)		$	72,828

		Year Ended December 31, 2016
(In thousands)		Casinos				Distributed Gaming				Corporate and Other				Consolidated
Revenues
Gaming		$	69,965			$	254,898			$	—			$	324,863
Food and beverage			14,736				41,062				—				55,798
Rooms			7,525				—				—				7,525
Other			4,860				6,672				280				11,812
Total revenues		$	97,086			$	302,632			$	280			$	399,998
Net income (loss)		$	16,117			$	22,323			$	(22,140	)		$	16,300
Depreciation and amortization			7,351				18,889				1,266				27,506
Merger expenses			—				—				614				614
Loss (gain) on disposal of property and    equipment			94				(40	)			—				54
Share-based compensation			—				—				3,878				3,878
Preopening expenses			—				2,179				292				2,471
Executive severance and sign-on bonuses			—				—				1,037				1,037
Interest expense, net			9				144				6,301				6,454
Gain on sale of land held for sale			—				—				(4,525	)			(4,525	)
Other, net			—				—				(869	)			(869	)
Income tax provision (benefit)			—				60				(4,385	)			(4,325	)
Adjusted EBITDA		$	23,571			$	43,555			$	(18,531	)		$	48,595

The Company’s assets by segment consisted of the following amounts:

(In thousands)		Casinos				Distributed Gaming				Corporate and Other				Consolidated
Balance at December 31, 2018		$	1,006,292			$	299,697			$	60,580			$	1,366,569
Balance at December 31, 2017		$	1,039,025			$	298,453			$	27,697			$	1,365,175

The Company’s capital expenditures by segment consisted of the following amounts:

(In thousands)		Casinos(1)				Distributed Gaming(2)				Corporate and Other				Consolidated
For the year ended December 31, 2018		$	45,634			$	15,942			$	6,599			$	68,175
For the year ended December 31, 2017		$	9,665			$	18,011			$	1,787			$	29,463
For the year ended December 31, 2016		$	10,267			$	17,730			$	2,637			$	30,634

(1) Capital expenditures in the Casinos segment exclude non-cash purchases of property and equipment of approximately $8.8 million, $1.8 million, and $0.6 million for the years ended December 31, 2018, 2017 and 2016, respectively.

(2) Capital expenditures in the Distributed Gaming segment exclude non-cash purchases of property and equipment of approximately $3.5 million, $2.6 million, and $2.6 million for the years ended December 31, 2018, 2017 and 2016, respectively.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration