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Segment And Geographic Information | 12 Months Ended
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Dec. 31, 2022
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, 2022:
Reportable Segment | Operating Segment | Reporting Unit
United States | Colorado | Century Casino & Hotel - Central City
|  | Century Casino & Hotel - Cripple Creek
| West Virginia | Mountaineer Casino, Racetrack & Resort
| Missouri | Century Casino Cape Girardeau
|  | Century Casino Caruthersville (1)
Canada | Edmonton | Century Casino & Hotel - Edmonton
|  | Century Casino St. Albert
|  | Century Mile Racetrack and Casino
| Calgary (2) | Century Downs Racetrack and Casino
Poland | Poland | Casinos Poland
Corporate and Other | Corporate and Other | Cruise Ships & Other
|  | Corporate Other (3)
(1)Includes The Farmstead. (2)The Company operated Century Sports through February 10, 2022 and Century Bets through August 2021, when operations were transferred to Century Mile. For more information about Century Sports and Century Bets, see Note 1. (3)The equity investment in Smooth Bourbon is included in the Corporate Other reporting unit. 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, 2022
Amounts in thousands |  |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Net operating revenue (1) |  | $ | 268,582 |  | $ | 71,572 |  | $ | 90,169 |  | $ | 206 |  | $ | 430,529
Earnings from equity investment |  | $ | — |  | $ | — |  | $ | — |  | $ | 3,249 |  | $ | 3,249
Earnings (loss) before income taxes |  | $ | 32,354 |  | $ | 11,211 |  | $ | 11,044 |  | $ | (48,599) |  | $ | 6,010
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 24,759 |  | $ | 6,070 |  | $ | 5,811 |  | $ | (28,664) |  | $ | 7,976
Interest expense (income), net (2) |  |  | 28,531 |  |  | 2,281 |  |  | (686) |  |  | 34,854 |  |  | 64,980
Income taxes (benefit) |  |  | 7,595 |  |  | 2,354 |  |  | 2,326 |  |  | (19,935) |  |  | (7,660)
Depreciation and amortization |  |  | 19,364 |  |  | 4,754 |  |  | 2,606 |  |  | 385 |  |  | 27,109
Net earnings attributable to non-controlling interests |  |  | — |  |  | 2,787 |  |  | 2,907 |  |  | — |  |  | 5,694
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | 3,335 |  |  | 3,335
(Gain) loss on foreign currency transactions, cost recovery income and other (3) |  |  | (1) |  |  | 123 |  |  | (1,153) |  |  | (205) |  |  | (1,236)
Loss (gain) on disposition of fixed assets |  |  | 49 |  |  | 27 |  |  | 63 |  |  | (121) |  |  | 18
Acquisition costs |  |  | — |  |  | — |  |  | — |  |  | 3,124 |  |  | 3,124
Adjusted EBITDA |  | $ | 80,297 |  | $ | 18,396 |  | $ | 11,874 |  | $ | (7,227) |  | $ | 103,340
Long-lived assets (4) |  | $ | 466,403 |  | $ | 139,304 |  | $ | 27,134 |  | $ | 8,192 |  | $ | 641,033
Total assets (5) |  | $ | 425,820 |  | $ | 162,088 |  | $ | 42,173 |  | $ | 254,886 |  | $ | 884,967
Capital expenditures |  | $ | 16,000 |  | $ | 1,566 |  | $ | 1,578 |  | $ | 49 |  | $ | 19,193
(1)Net operating revenue for the Corporate and Other segment primarily relates to the Company’s cruise ship operations. (2)Expense of $28.5 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $2.3 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 $25.7 million and $2.1 million, respectively, for the period presented. Expense of $7.3 million related to the write-off of deferred financing costs in connection with the prepayment of the Macquarie Term Loan is included in interest expense (income), net in the Corporate and Other segment. (3)Loss of $2.2 million related to the sale of the land and building in Calgary in February 2022 is included in the Canada segment. The loss from the sale was offset by cost recovery income for CDR. (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. (5)Total assets for the Corporate and Other segment include $100.2 million in restricted cash related to the Acquisition Escrow and $93.3 million related to the equity investment in Smooth Bourbon. ‎
| For the year ended December 31, 2021
Amounts in thousands |  |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Net 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) |  | $ | 20,622
Interest expense (income), net (2) |  |  | 28,229 |  |  | 1,796 |  |  | (477) |  |  | 13,110 |  |  | 42,658
Income taxes |  |  | — |  |  | 1,256 |  |  | 257 |  |  | 4,858 |  |  | 6,371
Depreciation and amortization |  |  | 18,398 |  |  | 4,904 |  |  | 3,028 |  |  | 432 |  |  | 26,762
Net earnings attributable to non-controlling interests |  |  | — |  |  | 932 |  |  | 224 |  |  | — |  |  | 1,156
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | 2,652 |  |  | 2,652
Gain 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) |  |  | 391
Adjusted 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, 2020
Amounts in thousands |  |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Net 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 |  |  | 43,098
Income taxes (benefit) |  |  | 1,023 |  |  | 3,765 |  |  | (518) |  |  | 578 |  |  | 4,848
Depreciation and amortization |  |  | 17,580 |  |  | 5,264 |  |  | 3,124 |  |  | 566 |  |  | 26,534
Net 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 |  |  | 35,121
Loss (gain) on disposition of fixed assets |  |  | 64 |  |  | (43) |  |  | 4 |  |  | 1 |  |  | 26
Acquisition costs |  |  | — |  |  | — |  |  | — |  |  | 266 |  |  | 266
Adjusted 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.

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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