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v3.20.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2020
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, 2020 |
(In thousands) |  | Casinos |  |  | Distributed Gaming |  |  | Corporate and Other |  |  | Consolidated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gaming |  | $ | 61,905 |  |  | $ | 65,310 |  |  | $ | — |  |  | $ | 127,215 |
Food and beverage |  |  | 29,805 |  |  |  | 11,742 |  |  |  | — |  |  |  | 41,547 |
Rooms |  |  | 25,605 |  |  |  | — |  |  |  | — |  |  |  | 25,605 |
Other |  |  | 10,655 |  |  |  | 1,932 |  |  |  | 203 |  |  |  | 12,790 |
Total revenues |  | $ | 127,970 |  |  | $ | 78,984 |  |  | $ | 203 |  |  | $ | 207,157 |
Net income (loss) |  | $ | (2,938 | ) |  | $ | 604 |  |  | $ | (30,286 | ) |  | $ | (32,620 | )
Depreciation and amortization |  |  | 24,713 |  |  |  | 5,865 |  |  |  | 578 |  |  |  | 31,156 |
Impairment of goodwill |  |  | 6,461 |  |  |  | — |  |  |  | — |  |  |  | 6,461 |
Acquisition and severance expenses |  |  | 2,417 |  |  |  | 478 |  |  |  | 81 |  |  |  | 2,976 |
Preopening and related expenses(1) |  |  | 225 |  |  |  | — |  |  |  | 105 |  |  |  | 330 |
Asset disposals and other writedowns |  |  | 627 |  |  |  | (38 | ) |  |  | — |  |  |  | 589 |
Share-based compensation |  |  | — |  |  |  | — |  |  |  | 2,246 |  |  |  | 2,246 |
Other, net |  |  | 47 |  |  |  | 197 |  |  |  | 113 |  |  |  | 357 |
Interest expense, net |  |  | 245 |  |  |  | 15 |  |  |  | 18,486 |  |  |  | 18,746 |
Change in fair value of derivative |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Income tax provision |  |  | — |  |  |  | — |  |  |  | 52 |  |  |  | 52 |
Adjusted EBITDA |  | $ | 31,797 |  |  | $ | 7,121 |  |  | $ | (8,624 | ) |  | $ | 30,294 |
|  | 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 |
Acquisition and severance expenses |  |  | 286 |  |  |  | 26 |  |  |  | 1,232 |  |  |  | 1,544 |
Preopening and related expenses(1) |  |  | 1,654 |  |  |  | 566 |  |  |  | 12 |  |  |  | 2,232 |
Asset disposals 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 |
(1) | Preopening and related 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 loyalty program.
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, 2020 |  | $ | 1,175,915 |  |  | $ | 439,281 |  |  | $ | 287,072 |  |  | $ | 1,902,268 |
Balance at December 31, 2019 |  | $ | 1,204,574 |  |  | $ | 482,294 |  |  | $ | 54,049 |  |  | $ | 1,740,917 |

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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 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
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