XML 42 R108.htm IDEA: XBRL DOCUMENT v3.20.1
Segment And Geographic Information (Segment Information) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
 [2]
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
 [1]
Jun. 30, 2018
 [3]
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]                      
Net operating revenue $ 67,236 [1] $ 52,935 $ 52,445 $ 45,613 $ 45,106 [3] $ 43,564 $ 39,648 $ 40,620 $ 218,227 $ 168,938 $ 154,069
Earnings (loss) before income taxes                 (11,967) 5,923 12,451
Net earnings (loss) attributable to Century Casinos, Inc. shareholders (20,140) [1] $ 482 $ (565) $ 1,068 506 [3] $ 1,640 $ 317 $ 926 (19,155) 3,394 6,259
Income taxes (benefit)                 4,174 1,917 4,560
Depreciation and amortization                 10,843 9,399 8,945
Net earnings (loss) attributable to non-controlling interests                 3,014 612 1,632
Non-cash stock-based compensation                 1,303 868 669
(Gain) loss on foreign currency transactions, cost recovery income and other                 (1,482) (578) (1,405)
Long-lived assets 503,933       187,017       503,933 187,017  
Cash payments related to lease                 7,062    
Corporate And Other [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 5,685 5,885 4,387
Corporate And Other [Member] | Century Casino Bath [Member]                      
Segment Reporting Information [Line Items]                      
Capital expenditures                     1,500
United States [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 49,998 33,483 32,154
Canada [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 80,650 61,361 57,732
Canada [Member] | Century Mile [Member]                      
Segment Reporting Information [Line Items]                      
Capital expenditures                 15,000 40,000 4,600
Poland [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 81,894 68,209 59,796
Operating Segments [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 218,227 [4] 168,938 [5] 154,069 [5]
Earnings (loss) before income taxes                 (11,967) 5,923 12,451
Net earnings (loss) attributable to Century Casinos, Inc. shareholders                 (19,155) 3,394 6,259
Interest expense (income), net                 8,229 [6] 4,114 [7] 3,569 [8]
Income taxes (benefit)                 4,174 1,917 4,560
Depreciation and amortization                 10,843 9,399 8,945
Net earnings (loss) attributable to non-controlling interests                 3,014 612 1,632
Non-cash stock-based compensation                 1,303 868 669
(Gain) loss on foreign currency transactions, cost recovery income and other                 15,174 (661) (1,362)
Loss on disposition of fixed assets                 795 1,090 622
Acquisition costs                 5,366   355
Pre-opening expenses                 538 2,644 837
Adjusted EBITDA                 30,281 23,377 26,086
Long-lived assets 503,540 [9]       187,017       503,540 [9] 187,017 152,778
Capital expenditures                 24,038 [10] 56,774 [11] 11,127 [12]
Operating Segments [Member] | Corporate And Other [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 5,685 [4] 5,885 [5] 4,387 [5]
Earnings (loss) before income taxes                 (37,866) (11,298) (8,135)
Net earnings (loss) attributable to Century Casinos, Inc. shareholders                 (35,115) (8,541) (6,171)
Interest expense (income), net                 1,085 [6] 12 [7] (25) [8]
Income taxes (benefit)                 (2,739) (2,722) (1,964)
Depreciation and amortization                 910 945 366
Net earnings (loss) attributable to non-controlling interests                 (12) (35)  
Non-cash stock-based compensation                 1,303 868 669
(Gain) loss on foreign currency transactions, cost recovery income and other                 16,709 2 24
Loss on disposition of fixed assets                 345 25 3
Acquisition costs                 5,366   327
Pre-opening expenses                   350 275
Adjusted EBITDA                 (12,148) (9,096) (6,496)
Long-lived assets 1,964 [9]       10,310       1,964 [9] 10,310 4,502
Capital expenditures                 837 [10] 8,428 [11] 1,793 [12]
Operating Segments [Member] | United States [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 49,998 [4] 33,483 [5] 32,154 [5]
Earnings (loss) before income taxes                 7,843 5,881 5,597
Net earnings (loss) attributable to Century Casinos, Inc. shareholders                 5,825 4,373 3,469
Interest expense (income), net                 1,635 [6] 1 [7] 2 [8]
Income taxes (benefit)                 2,018 1,508 2,128
Depreciation and amortization                 2,330 2,178 2,405
Loss on disposition of fixed assets                 17 1 1
Adjusted EBITDA                 11,825 8,061 8,005
Long-lived assets 354,468 [9]       48,381       354,468 [9] 48,381 49,403
Capital expenditures                 1,148 [10] 1,183 [11] 672 [12]
Operating Segments [Member] | Canada [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 80,650 [4] 61,361 [5] 57,732 [5]
Earnings (loss) before income taxes                 11,242 10,973 11,685
Net earnings (loss) attributable to Century Casinos, Inc. shareholders                 6,669 7,715 7,681
Interest expense (income), net                 5,312 [6] 3,895 [7] 3,487 [8]
Income taxes (benefit)                 3,278 2,536 3,008
Depreciation and amortization                 4,539 3,211 3,427
Net earnings (loss) attributable to non-controlling interests                 1,295 722 996
(Gain) loss on foreign currency transactions, cost recovery income and other                 (439) (235) (564)
Loss on disposition of fixed assets                 20 10 83
Acquisition costs                     28
Pre-opening expenses                 538 1,668 25
Adjusted EBITDA                 21,212 19,522 18,171
Long-lived assets 133,343 [9]       115,861       133,343 [9] 115,861 86,361
Capital expenditures                 17,865 [10] 42,029 [11] 6,476 [12]
Operating Segments [Member] | Poland [Member]                      
Segment Reporting Information [Line Items]                      
Net operating revenue                 81,894 [4] 68,209 [5] 59,796 [5]
Earnings (loss) before income taxes                 6,814 367 3,304
Net earnings (loss) attributable to Century Casinos, Inc. shareholders                 3,466 (153) 1,280
Interest expense (income), net                 197 [6] 206 [7] 105 [8]
Income taxes (benefit)                 1,617 595 1,388
Depreciation and amortization                 3,064 3,065 2,747
Net earnings (loss) attributable to non-controlling interests                 1,731 (75) 636
(Gain) loss on foreign currency transactions, cost recovery income and other                 (1,096) (428) (822)
Loss on disposition of fixed assets                 413 1,054 535
Pre-opening expenses                   626 537
Adjusted EBITDA                 9,392 4,890 6,406
Long-lived assets 13,765 [9]       $ 12,465       13,765 [9] 12,465 12,512
Capital expenditures                 4,188 [10] 5,134 [11] 2,186 [12]
Master Lease [Member] | United States [Member]                      
Segment Reporting Information [Line Items]                      
Interest expense (income), net                 1,600    
Cash payments related to lease                 3,800    
CDR Land Lease [Member] | Canada [Member]                      
Segment Reporting Information [Line Items]                      
Interest expense (income), net                 2,200 2,100 2,000
Cash payments related to lease                 2,000 $ 2,100 $ 1,800
Acquired Casinos [Member] | United States [Member]                      
Segment Reporting Information [Line Items]                      
Long-lived assets $ 306,700               $ 306,700    
[1] The Company completed the Acquisition in December 2019. See Note 3. In addition, the Company impaired assets related to CCB in December 2019. See Notes 5, 6 and 10.
[2] CMR began operating in April 2019.
[3] CCB began operating in May 2018.
[4] Net operating revenue for Corporate and Other primarily relates to CCB and the Company's cruise ship operations.
[5] Net operating revenue for Corporate and Other primarily relates to the Company's cruise ship operations.
[6] Expense of $1.6 million related to the Company's Master Lease is included in interest expense (income), net in the United States segment. Expense of $2.2 million related to the Company's CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Company's Master Lease and CDR land lease were $3.8 million and $2.0 million, respectively, for the period presented.
[7] Expense of $2.1 million related to the Company's CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Company's CDR land lease were $2.1 million for the period presented.
[8] Expense of $2.0 million related to the Company's CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Company's CDR land lease were $1.8 million for the period presented.
[9] Long-lived assets in the United States segment include $306.7 million related to the Acquired Casinos.
[10] Capital expenditures in 2019 included construction costs of $15.0 million related to Century Mile in the Canada segment.
[11] Capital expenditures in 2018 included construction costs of $40.0 million related to Century Mile in the Canada segment.
[12] Capital expenditures in 2017 included purchases of property and equipment of $4.6 million related to Century Mile in the Canada segment and $1.5 million related to CCB in the Corporate and Other segment.