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Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

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:

		Three Months Ended March 31, 2019
(In thousands)		Casinos				Distributed Gaming				Corporate and Other				Consolidated
Revenues
Gaming		$	70,885			$	72,907			$	—			$	143,792
Food and beverage			36,442				13,316				—				49,758
Rooms			31,287				—				—				31,287
Other			12,760				2,134				161				15,055
Total revenues		$	151,374			$	88,357			$	161			$	239,892
Net income (loss)		$	22,689			$	7,606			$	(38,313	)		$	(8,018	)
Depreciation and amortization			21,643				5,329				293				27,265
Preopening and related expenses(1)			1,654				566				12				2,232
Acquisition and severance expenses			286				26				1,232				1,544
Asset disposal and other writedowns			256				(9	)			390				637
Share-based compensation			11				5				4,168				4,184
Other, net			11				—				853				864
Interest expense, net			52				16				18,067				18,135
Change in fair value of derivative			—				—				2,248				2,248
Income tax benefit			—				—				(651	)			(651	)
Adjusted EBITDA		$	46,602			$	13,539			$	(11,701	)		$	48,440

		Three Months Ended March 31, 2018
(In thousands)		Casinos				Distributed Gaming				Corporate and Other				Consolidated
Revenues
Gaming		$	64,459			$	69,404			$	—			$	133,863
Food and beverage			29,996				12,607				—				42,603
Rooms			26,127				—				—				26,127
Other			9,905				2,150				141				12,196
Total revenues		$	130,487			$	84,161			$	141			$	214,789
Net income (loss)		$	23,841			$	7,448			$	(27,359	)		$	3,930
Depreciation and amortization			19,635				5,148				454				25,237
Preopening expenses(1)			—				148				300				448
Acquisition and severance expenses			51				35				1,213				1,299
Asset disposal and other writedowns			62				15				—				77
Share-based compensation			—				—				1,844				1,844
Other, net			37				167				104				308
Interest expense, net			24				46				14,673				14,743
Change in fair value of derivative			—				—				(3,211	)			(3,211	)
Income tax provision			—				—				1,219				1,219
Adjusted EBITDA		$	43,650			$	13,007			$	(10,763	)		$	45,894

(1) Preopening expenses include rent, organizational costs, non-capital costs associated with the opening of tavern and casino locations, and expenses related to The Strat rebranding and the launch of the TrueRewards players club.  

Total Segment Assets

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

(In thousands)		Casinos				Distributed Gaming				Corporate and Other				Consolidated
Balance at March 31, 2019		$	1,207,197			$	437,018			$	45,968			$	1,690,183
Balance at December 31, 2018		$	1,006,292			$	299,697			$	60,580			$	1,366,569

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- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Publisher FASB
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