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Segment Information | 9 Months Ended
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Sep. 30, 2015
Segment Information [Abstract] |
Segment Information | 12.SEGMENT INFORMATION 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 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 chief operating decision makers and management utilize Adjusted EBITDA as a primary profit measure for its reportable segments. Adjusted EBITDA is a non-U.S. GAAP measure defined as net earnings (loss) before interest expense (income), net, income taxes (benefit), depreciation, amortization, non-controlling interest (earnings) losses and transactions, pre-opening expenses, acquisition costs, non-cash stock-based compensation charges, asset impairment costs, (gain) loss on disposition of fixed assets, discontinued operations, (gain) loss on foreign currency transactions and other, gain on business combination and certain other one-time items. Intercompany transactions consisting primarily of management and royalty fees and interest, along with their related tax effects, are excluded from the presentation of net earnings (loss) and Adjusted EBITDA reported for each segment. 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 tables provide information regarding the Company’s segments for the three and nine months ended September 30, 2015 and 2014:
Amounts in thousands |  | For the three months ended September 30, 2015
|  |  | Canada |  |  | United States |  |  | Poland |  |  | Corporate and Other |  |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenue |  | $ | 12,198 |  | $ | 7,958 |  | $ | 12,449 |  | $ | 921 |  | $ | 33,526
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 1,957 |  | $ | 931 |  | $ | 536 |  | $ | (696) |  | $ | 2,728
Interest expense (income), net |  |  | 783 |  |  | 0 |  |  | 31 |  |  | (4) |  |  | 810
Income taxes (benefit) |  |  | 519 |  |  | 571 |  |  | 227 |  |  | (944) |  |  | 373
Depreciation and amortization |  |  | 644 |  |  | 638 |  |  | 678 |  |  | 118 |  |  | 2,078
Non-controlling interests |  |  | 145 |  |  | 0 |  |  | 266 |  |  | 0 |  |  | 411
Non-cash stock-based compensation |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 423 |  |  | 423
(Gain) loss on foreign currency transactions and other |  |  | (148) |  |  | 0 |  |  | (98) |  |  | 6 |  |  | (240)
Loss on disposition of fixed assets |  |  | 2 |  |  | 0 |  |  | 131 |  |  | 3 |  |  | 136
Other one-time (income) costs |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Adjusted EBITDA |  | $ | 3,902 |  | $ | 2,140 |  | $ | 1,771 |  | $ | (1,094) |  | $ | 6,719
Net operating revenue for Corporate and Other of $0.8 million, $0.1 million and $0.1 million was attributable to cruise ships operating on international waters, the Aruba management agreement and the agreement in Argentina, respectively.
Amounts in thousands |  | For the three months ended September 30, 2014
|  | Canada |  | United States |  | Poland |  | Corporate and Other |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenue |  | $ | 8,264 |  | $ | 7,252 |  | $ | 10,425 |  | $ | 2,182 |  | $ | 28,123
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 1,548 |  | $ | 501 |  | $ | (245) |  | $ | (1,008) |  | $ | 796
Interest expense (income), net |  |  | 612 |  |  | 0 |  |  | 89 |  |  | (5) |  |  | 696
Income taxes (benefit) |  |  | 387 |  |  | 307 |  |  | (135) |  |  | (421) |  |  | 138
Depreciation and amortization |  |  | 487 |  |  | 647 |  |  | 725 |  |  | 191 |  |  | 2,050
Non-controlling interests |  |  | (594) |  |  | 0 |  |  | (121) |  |  | 0 |  |  | (715)
Non-cash stock-based compensation |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 14 |  |  | 14
(Gain) loss on foreign currency transactions and other |  |  | (47) |  |  | 0 |  |  | (155) |  |  | 2 |  |  | (200)
Gain on disposition of fixed assets |  |  | 0 |  |  | 0 |  |  | (12) |  |  | 0 |  |  | (12)
Other one-time (income) costs |  |  | 0 |  |  | 0 |  |  | 114 |  |  | 0 |  |  | 114
Adjusted EBITDA |  | $ | 2,393 |  | $ | 1,455 |  | $ | 260 |  | $ | (1,227) |  | $ | 2,881
Net operating revenue for Corporate and Other of $2.1 million and $0.1 million was attributable to cruise ships operating on international waters and the Aruba management agreement, respectively. Other one-time (income) costs for the three months ended September 30, 2014 for Poland were the costs associated with relocating the Poznan casino to the Hotel Andersia.
Amounts in thousands |  | For the nine months ended September 30, 2015
|  |  | Canada |  |  | United States |  |  | Poland |  |  | Corporate and Other |  |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenue |  | $ | 33,951 |  | $ | 21,960 |  | $ | 38,858 |  | $ | 7,034 |  | $ | 101,803
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 6,355 |  | $ | 2,125 |  | $ | 1,884 |  | $ | 806 |  | $ | 11,170
Interest expense (income), net |  |  | 2,406 |  |  | 0 |  |  | 110 |  |  | (10) |  |  | 2,506
Income taxes (benefit) |  |  | 1,479 |  |  | 1,301 |  |  | 743 |  |  | (3,121) |  |  | 402
Depreciation and amortization |  |  | 1,635 |  |  | 1,904 |  |  | 1,925 |  |  | 316 |  |  | 5,780
Non-controlling interests |  |  | 143 |  |  | 0 |  |  | 942 |  |  | 0 |  |  | 1,085
Non-cash stock-based compensation |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1,230 |  |  | 1,230
(Gain) loss on foreign currency transactions and other |  |  | (670) |  |  | 0 |  |  | (466) |  |  | (6) |  |  | (1,142)
Loss on disposition of fixed assets |  |  | 4 |  |  | 0 |  |  | 273 |  |  | 4 |  |  | 281
Preopening expenses |  |  | 345 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 345
Other one-time (income) costs |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (3,365) |  |  | (3,365)
Adjusted EBITDA |  | $ | 11,697 |  | $ | 5,330 |  | $ | 5,411 |  | $ | (4,146) |  | $ | 18,292
Net operating revenue for Corporate and Other of $3.2 million, $0.3 million, $0.2 million, and $3.4 million was attributable to cruise ships operating on international waters, the Aruba management agreement, the agreement in Argentina, and the termination of the Oceania and Regent concession agreements, respectively. Other one-time (income) costs for the nine months ended September 30, 2015 for Corporate and Other were attributable to the termination of the Oceania and Regent concession agreements.
Amounts in thousands |  | For the nine months ended September 30, 2014
|  | Canada |  | United States |  | Poland |  | Corporate and Other |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenue |  | $ | 25,533 |  | $ | 20,456 |  | $ | 37,087 |  | $ | 5,714 |  | $ | 88,790
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 4,458 |  | $ | 1,103 |  | $ | (561) |  | $ | (3,538) |  | $ | 1,462
Interest expense (income), net |  |  | 1,798 |  |  | 0 |  |  | 251 |  |  | (31) |  |  | 2,018
Income taxes (benefit) |  |  | 1,400 |  |  | 676 |  |  | (226) |  |  | (1,064) |  |  | 786
Depreciation and amortization |  |  | 1,432 |  |  | 1,775 |  |  | 2,141 |  |  | 472 |  |  | 5,820
Non-controlling interests |  |  | (1,592) |  |  | 0 |  |  | (279) |  |  | 0 |  |  | (1,871)
Non-cash stock-based compensation |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 57 |  |  | 57
(Gain) loss on foreign currency transactions and other |  |  | (69) |  |  | 0 |  |  | (320) |  |  | 14 |  |  | (375)
Loss on disposition of fixed assets |  |  | 0 |  |  | 1 |  |  | 784 |  |  | 3 |  |  | 788
Other one-time (income) costs |  |  | (103) |  |  | 0 |  |  | 224 |  |  | 0 |  |  | 121
Adjusted EBITDA |  | $ | 7,324 |  | $ | 3,555 |  | $ | 2,014 |  | $ | (4,087) |  | $ | 8,806
Net operating revenue for Corporate and Other of $5.4 million and $0.3 million was attributable to cruise ships operating on international waters and the Aruba management agreement, respectively. Other one-time (income) costs for the nine months ended September 30, 2014 for Canada were insurance proceeds received from a damaged barn and for Poland were the costs associated with relocating the Poznan casino to the Hotel Andersia.

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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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 Reference 3: 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=51669610&loc=d3e8971-108599 Reference 4: 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=51669610&loc=d3e8595-108599 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=51669610&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 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 Reference 8: 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=51669610&loc=d3e8984-108599 Reference 9: 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=51669610&loc=d3e9031-108599 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=51669610&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 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 Reference 13: 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=51669610&loc=d3e8924-108599 Reference 14: 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=51669610&loc=d3e8906-108599 + Details
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