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Segment Information | 3 Months Ended
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Mar. 31, 2015
Segment Information [Abstract] |
Segment Information | 1 2.SEGMENT INFORMATION As a result of the Company’s recent and continuing expansion efforts, during the fourth quarter of 2014, the Company reorganized its internal management reporting structure. Although the Company’s consolidated results of operations, financial position and cash flows were not impacted, the Company has updated the segment disclosures for prior periods to reflect the new internal management reporting structure. The Company reports its financial performance in three reportable segments based on the geographical locations in which its casinos operate: the United States, Canada and Poland. Operating segments are aggregated within reportable segments based on their similar characteristics, types of customers, types of services and products provided, the regulatory environments in which they operate, and their management and reporting structure. The Company’s casino properties provide gaming, hotel accommodations, dining facilities and other amenities to the Company’s customers. The Company’s operations related to concession, management and consulting fee revenues and certain other corporate and management operations have not been identified as separate reportable segments; therefore, these operations are included in Corporate and Other in the following segment disclosures to reconcile to consolidated results. All significant intercompany transactions are eliminated in consolidation. The table below provides information about the aggregation of the Company’s operating segments into reportable segments:
Reportable Segment | Operating Segment
Canada | Century Casino & Hotel - Edmonton
Canada | Century Casino Calgary
Canada | Century Downs Racetrack and Casino
Canada | Century Bets!
United States | Century Casino & Hotel – Central City
United States | Century Casino & Hotel – Cripple Creek
Poland | Casinos Poland
Corporate and Other | Cruise Ships & Other
Corporate and Other | Corporate Other
The Company’s chief operating decision maker is a management function comprised of two individuals. These two individuals are our Co Chief Executive Officers. The Company’s c hief operating decision makers and management utilize Adjusted EBITDA as a primary profit measure for its reportable segments. Adjusted EBITDA is a non-GAAP measure defined as net earnings (loss) before interest, income taxes (benefit), depreciation and amortization, pre-opening expenses, non-cash stock based compensation charges, asset impairment costs, (gains) losses on disposition of fixed assets, discontinued operations, realized foreign currency (gains) losses, gain on business combinations, acquisition costs, intercompany transactions and certain other one-time items. Non-cash stock-based compensation expense is presented under Corporate and Other in the tables below as the expense is not allocated to reportable segments when reviewed by the Company’s chief operating decision makers. The following summaries provide information regarding the Company’s segment information for the three months ended March 31, 2015 and 2014:
Amounts in thousands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the three months ended March 31, 2015
|  |  | Canada |  |  | United States |  |  | Poland |  |  | Corporate and Other |  |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenue |  | $ | 8,445 |  | $ | 6,793 |  | $ | 13,534 |  | $ | 1,633 |  | $ | 30,405
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 2,138 |  | $ | 476 |  | $ | 781 |  | $ | (1,550) |  | $ | 1,845
Interest expense (income), net |  |  | 632 |  |  | 0 |  |  | 35 |  |  | (3) |  |  | 664
Income taxes (benefit) |  |  | 348 |  |  | 369 |  |  | 248 |  |  | (531) |  |  | 434
Depreciation and amortization |  |  | 418 |  |  | 634 |  |  | 610 |  |  | 149 |  |  | 1,811
Non-controlling interests |  |  | (739) |  |  | 0 |  |  | 391 |  |  | 0 |  |  | (348)
Non-cash stock-based compensation |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 388 |  |  | 388
Foreign currency (gains) losses |  |  | (164) |  |  | 0 |  |  | (333) |  |  | 2 |  |  | (495)
Loss on disposition of fixed assets |  |  | 0 |  |  | 0 |  |  | 122 |  |  | 0 |  |  | 122
Acquisition costs |  |  | 36 |  |  | 0 |  |  | 0 |  |  | (36) |  |  | 0
Preopening expenses |  |  | 345 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 345
Other one-time (income) expense items |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Adjusted EBITDA |  | $ | 3,014 |  | $ | 1,479 |  | $ | 1,854 |  | $ | (1,581) |  | $ | 4,766
Net operating revenue for Corporate and Other of $1.5 million, $0.1 million and less than $0.1 million is attributable to cruise ships operating on internationals waters, Aruba and Argentina, respectively.
Amounts in thousands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the three months ended March 31, 2014
|  | Canada |  | United States |  | Poland |  | Corporate and Other |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenue |  | $ | 8,563 |  | $ | 6,462 |  | $ | 12,413 |  | $ | 1,672 |  | $ | 29,110
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 1,478 |  | $ | 210 |  | $ | 32 |  | $ | (1,210) |  | $ | 510
Interest expense (income), net |  |  | 589 |  |  | 0 |  |  | 94 |  |  | (11) |  |  | 672
Income taxes (benefit) |  |  | 380 |  |  | 135 |  |  | (19) |  |  | (281) |  |  | 215
Depreciation and amortization |  |  | 456 |  |  | 534 |  |  | 693 |  |  | 127 |  |  | 1,810
Non-controlling interests |  |  | (300) |  |  | 0 |  |  | 16 |  |  | 0 |  |  | (284)
Non-cash stock-based compensation |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 21 |  |  | 21
Foreign currency (gains) losses |  |  | (48) |  |  | 0 |  |  | (97) |  |  | 15 |  |  | (130)
Loss on disposition of fixed assets |  |  | 0 |  |  | 0 |  |  | 59 |  |  | 0 |  |  | 59
Acquisition costs |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Preopening expenses |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Other one-time (income) expense items |  |  | (103) |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (103)
Adjusted EBITDA |  | $ | 2,452 |  | $ | 879 |  | $ | 778 |  | $ | (1,339) |  | $ | 2,770
Net operating revenue for Corporate and Other of $1.6 million and $0.1 million is attributable to cruise ships operating on internationals waters and Aruba, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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