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Segment And Geographic Information | 12 Months Ended
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Dec. 31, 2021
Segment And Geographic Information [Abstract] |
Segment And Geographic Information | 15. SEGMENT AND GEOGRAPHIC 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. The Company views each market in which it operates as a separate operating segment and each casino or other operation within those markets as a reporting unit. Operating segments are aggregated within reportable segments based on their similar economic 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 operations related to Century Casino Bath, which the Company deconsolidated in May 2020, its concession, management and consulting agreements 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 reporting units and operating segments into reportable segments as of December 31, 2021: Reportable SegmentOperating SegmentReporting UnitUnited StatesColoradoCentury Casino & Hotel - Central City Century Casino & Hotel - Cripple Creek West VirginiaMountaineer Casino, Racetrack & Resort MissouriCentury Casino Cape Girardeau Century Casino CaruthersvilleCanadaEdmontonCentury Casino & Hotel - Edmonton Century Casino St. Albert Century Mile Racetrack and Casino CalgaryCentury Downs Racetrack and Casino Century SportsPolandPolandCasinos PolandCorporate and OtherCorporate and OtherCruise Ships & Other Corporate Other The Company’s chief operating decision maker is a management function comprised of two individuals. These two individuals are the Company’s 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-US GAAP measure defined as net earnings (loss) attributable to Century Casinos, Inc. shareholders 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, cost recovery income and other, gain on business combination and certain other one-time transactions. Expense related to the Master Lease is included in the interest expense (income), net line item. 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 summary information regarding the Company’s reportable segments: For the year ended December 31, 2021Amounts in thousands United States Canada Poland Corporate and Other TotalNet operating revenue (1) $283,285 $46,428 $58,226 $567 $388,506 Earnings (loss) before income taxes $49,628 $3,312 $921 $(25,712) $28,149 Net earnings (loss) attributable to Century Casinos, Inc. shareholders $49,628 $1,124 $440 $(30,570) $20,622Interest expense (income), net (2) 28,229 1,796 (477) 13,110 42,658Income taxes — 1,256 257 4,858 6,371Depreciation and amortization 18,398 4,904 3,028 432 26,762Net earnings attributable to non-controlling interests — 932 224 — 1,156Non-cash stock-based compensation — — — 2,652 2,652Gain on foreign currency transactions, cost recovery income and other (3) (836) (545) (887) (418) (2,686)Loss (gain) on disposition of fixed assets 341 43 44 (37) 391Adjusted EBITDA $95,760 $9,510 $2,629 $(9,973) $97,926 Long-lived assets (4) $376,210 $152,278 $29,865 $3,412 $561,765 Total assets $422,409 $179,297 $44,204 $57,448 $703,358 Capital expenditures $8,672 $646 $163 $531 $10,012 (1)Net operating revenue for the Corporate and Other segment primarily relates to the Company’s cruise ship operations.(2)Expense of $28.2 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $1.8 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $25.3 million and $2.0 million, respectively, for the period presented.(3)Income of $0.8 million related to the sale of unused land at Mountaineer, net of expenses, is included in the United States segment.(4)Long-lived assets are calculated as total assets less total current assets, deferred income taxes and note receivable, net of current portion and unamortized discount. ‎ For the year ended December 31, 2020Amounts in thousands United States Canada Poland Corporate and Other TotalNet operating revenue (1) $198,344 $50,240 $54,271 $1,413 $304,268 (Loss) earnings before income taxes $(29,548) $6,869 $(2,578) $(18,031) $(43,288) Net (loss) earnings attributable to Century Casinos, Inc. shareholders $(30,571) $2,551 $(1,373) $(18,609) $(48,002)Interest expense (income), net (2) 28,357 2,047 27 12,667 43,098Income taxes (benefit) 1,023 3,765 (518) 578 4,848Depreciation and amortization 17,580 5,264 3,124 566 26,534Net earnings (loss) attributable to non-controlling interests — 553 (687) — (134)Non-cash stock-based compensation — — — (214) (214)Gain on foreign currency transactions, cost recovery income and other (3) — (6,015) (233) (6,897) (13,145)Impairment - intangible and tangible assets 30,746 3,375 — 1,000 35,121Loss (gain) on disposition of fixed assets 64 (43) 4 1 26Acquisition costs — — — 266 266Adjusted EBITDA $47,199 $11,497 $344 $(10,642) $48,398 Long-lived assets (4) $385,426 $156,433 $39,066 $3,971 $584,896 Total assets $417,388 $181,477 $49,372 $32,523 $680,760 Capital expenditures $7,767 $2,057 $719 $162 $10,705 (1)Net operating revenue for the Corporate and Other segment primarily relates to CCB and the Company’s cruise ship operations.(2)Expense of $28.4 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $1.5 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $25.0 million and $1.3 million, respectively, for the period presented.(3)Income of $6.5 million is included in the Canada segment related to the sale of the casino operations of Century Casino Calgary.(4)Long-lived assets are calculated as total assets less total current assets, deferred income taxes and note receivable, net of current portion and unamortized discount.‎ For the year ended December 31, 2019Amounts in thousands United States Canada Poland Corporate and Other TotalNet operating revenue (1) $49,998 $80,650 $81,894 $5,685 $218,227 Earnings (loss) before income taxes $7,843 $11,242 $6,814 $(37,866) $(11,967) Net earnings (loss) attributable to Century Casinos, Inc. shareholders $5,825 $6,669 $3,466 $(35,115) $(19,155)Interest expense (income), net (2) 1,635 5,312 197 1,085 8,229Income taxes (benefit) 2,018 3,278 1,617 (2,739) 4,174Depreciation and amortization 2,330 4,539 3,064 910 10,843Net earnings (loss) attributable to non-controlling interests — 1,295 1,731 (12) 3,014Non-cash stock-based compensation — — — 1,303 1,303(Gain) loss on foreign currency transactions, cost recovery income and other — (439) (1,096) 223 (1,312)Impairment - intangible and tangible assets — — — 16,486 16,486Loss on disposition of fixed assets 17 20 413 345 795Acquisition costs — — — 5,366 5,366Pre-opening expenses — 538 — — 538Adjusted EBITDA $11,825 $21,212 $9,392 $(12,148) $30,281 Long-lived assets (3) $424,790 $170,107 $43,585 $6,182 $644,664 Total assets (4) $458,351 $191,925 $51,921 $24,703 $726,900 Capital expenditures (5) $1,148 $17,865 $4,188 $837 $24,038 (1)Net operating revenue for the Corporate and Other segment primarily relates to CCB and the Company’s cruise ship operations. (2)Expense of $1.6 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $2.2 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $3.8 million and $2.0 million, respectively, for the period presented.(3)Long-lived assets in the United States segment include $377.0 million related to the Acquired Casinos. Long-lived assets are calculated as total assets less total current assets, deferred income taxes and note receivable, net of current portion and unamortized discount.(4)Total assets in the United States segment include $404.5 million related to the Acquired Casinos.(5)Capital expenditures in 2019 included construction costs of $15.0 million related to Century Mile in the Canada segment.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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