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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The information within the following tables sets forth, for the periods indicated, certain operating data for the Company’s segments, and reconciles net (loss) income to Adjusted EBITDA:
|  | Year Ended December 31, 2020
(In thousands) |  | Casinos |  | Distributed Gaming |  | Corporate and Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |
Gaming |  | $ | 237,599 |  |  | $ | 239,154 |  |  | $ | — |  |  | $ | 476,753 |
Food and beverage |  | 78,663 |  |  | 33,418 |  |  | — |  |  | 112,081 |
Rooms |  | 71,411 |  |  | — |  |  | — |  |  | 71,411 |
Other (1) |  | 27,637 |  |  | 5,684 |  |  | 589 |  |  | 33,910 |
Total revenues |  | $ | 415,310 |  |  | $ | 278,256 |  |  | $ | 589 |  |  | $ | 694,155 |
Net (loss) income |  | $ | (21,940) |  |  | $ | 1,963 |  |  | $ | (116,634) |  |  | $ | (136,611) |
Depreciation and amortization |  | 98,946 |  |  | 22,934 |  |  | 2,550 |  |  | 124,430 |
Impairment of goodwill and intangible assets |  | 33,964 |  |  | — |  |  | — |  |  | 33,964 |
Acquisition and severance expenses |  | 2,930 |  |  | 612 |  |  | 168 |  |  | 3,710 |
Preopening and related expenses (2) |  | 225 |  |  | 57 |  |  | 251 |  |  | 533 |
Loss (gain) on disposal of assets |  | 1,328 |  |  | (413) |  |  | (112) |  |  | 803 |
Share-based compensation |  | — |  |  | — |  |  | 9,637 |  |  | 9,637 |
Other, net |  | 1,238 |  |  | 705 |  |  | 1,332 |  |  | 3,275 |
Interest expense, net |  | 837 |  |  | 488 |  |  | 67,785 |  |  | 69,110 |
Change in fair value of derivative |  | — |  |  | — |  |  | 1 |  |  | 1 |
Income tax provision |  | — |  |  | — |  |  | 61 |  |  | 61 |
Adjusted EBITDA |  | $ | 117,528 |  |  | $ | 26,346 |  |  | $ | (34,961) |  |  | $ | 108,913 |
|  | Year Ended December 31, 2019
(In thousands) |  | Casinos |  | Distributed Gaming |  | Corporate and Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |
Gaming |  | $ | 284,027 |  |  | $ | 294,776 |  |  | $ | — |  |  | $ | 578,803 |
Food and beverage |  | 148,970 |  |  | 53,963 |  |  | — |  |  | 202,933 |
Rooms |  | 132,193 |  |  | — |  |  | — |  |  | 132,193 |
Other (1) |  | 50,211 |  |  | 8,500 |  |  | 770 |  |  | 59,481 |
Total revenues |  | $ | 615,401 |  |  | $ | 357,239 |  |  | $ | 770 |  |  | $ | 973,410 |
Net income (loss) |  | $ | 80,179 |  |  | $ | 28,365 |  |  | $ | (148,089) |  |  | $ | (39,545) |
Depreciation and amortization |  | 92,918 |  |  | 22,035 |  |  | 1,639 |  |  | 116,592 |
Acquisition and severance expenses |  | 575 |  |  | 35 |  |  | 2,878 |  |  | 3,488 |
Preopening and related expenses (2) |  | 2,723 |  |  | 1,482 |  |  | 343 |  |  | 4,548 |
Loss (gain) on disposal of assets |  | 1,124 |  |  | (200) |  |  | 385 |  |  | 1,309 |
Share-based compensation |  | 11 |  |  | 5 |  |  | 10,108 |  |  | 10,124 |
Other, net |  | 405 |  |  | 52 |  |  | 1,759 |  |  | 2,216 |
Interest expense, net |  | 581 |  |  | 73 |  |  | 73,566 |  |  | 74,220 |
Loss on extinguishment and modification of debt |  | — |  |  | — |  |  | 9,150 |  |  | 9,150 |
Change in fair value of derivative |  | — |  |  | — |  |  | 4,168 |  |  | 4,168 |
Income tax benefit |  | — |  |  | — |  |  | (1,876) |  |  | (1,876) |
Adjusted EBITDA |  | $ | 178,516 |  |  | $ | 51,847 |  |  | $ | (45,969) |  |  | $ | 184,394 |
(1) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “Note 2 — Summary of Significant Accounting Policies” and “Note 12 — Leases” for details. (2) 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 True Rewards loyalty program.
|  | 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 (1) |  | 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 and severance expenses |  | 289 |  |  | 38 |  |  | 3,413 |  |  | 3,740 |
Preopening and related expenses (2) |  | 170 |  |  | 365 |  |  | 636 |  |  | 1,171 |
Loss (gain) on disposal of assets |  | 2,893 |  |  | 443 |  |  | — |  |  | 3,336 |
Share-based compensation |  | 37 |  |  | 3 |  |  | 9,948 |  |  | 9,988 |
Other, net |  | 188 |  |  | 408 |  |  | 492 |  |  | 1,088 |
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 |
(1)Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “Note 2 — Summary of Significant Accounting Policies” and “Note 12 — Leases” for details. (2)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 True Rewards 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 December 31, 2020 | $ | 1,085,510 |  |  | $ | 430,791 |  |  | $ | 54,648 |  |  | $ | 1,570,949 |
Balance at December 31, 2019 | $ | 1,204,574 |  |  | $ | 482,294 |  |  | $ | 54,049 |  |  | $ | 1,740,917 |
Capital Expenditures 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, 2020 |  | $ | 27,091 |  |  | $ | 6,886 |  |  | $ | 2,525 |  |  | $ | 36,502 |
For the year ended December 31, 2019 |  | $ | 83,382 |  |  | $ | 19,185 |  |  | $ | 4,700 |  |  | $ | 107,267 |
For the year ended December 31, 2018 |  | $ | 45,634 |  |  | $ | 15,942 |  |  | $ | 6,599 |  |  | $ | 68,175 |
(1)Capital expenditures in the Casinos segment exclude non-cash purchases of property and equipment of $1.1 million, $19.1 million and $8.8 million for the years ended December 31, 2020, 2019 and 2018, respectively. (2)Capital expenditures in the Distributed Gaming segment exclude non-cash purchases of property and equipment of $2.5 million, $3.6 million and $3.5 million for the years ended December 31, 2020, 2019 and 2018, respectively.

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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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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