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Segment Information (Tables)

3 Months Ended

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.

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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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