Segment Information

12 Months Ended

Dec. 31, 2015

Segment Information

Segment Information

Note 18. Segment Information

The following table sets forth, for the period indicated, certain operating data for our reportable segments. Management views each of our casinos as an operating segment. Operating segments are aggregated based on their similar economic characteristics, types of customers, types of services and products provided, and their management and reporting structure. The Company’s principal operating activities occur in three geographic regions: Nevada, Louisiana and parts of the eastern United States. The Company has aggregated its operating segments into three reportable segments: Eldorado Reno, Silver Legacy and Circus Reno as Nevada, Eldorado Shreveport as Louisiana, and Scioto Downs, Presque Isle and Mountaineer as Eastern. (Acquisition Date through December 31, 2015 and Merger Date through December 31, 2014).

	For the year ended December 31,
	2015		2014		2013
	(in thousands)
Revenues and expenses
Nevada:
Net operating revenues(a)	$	127,802	$	105,945	$	109,691
Expenses, excluding depreciation and corporate		(107,723)		(95,592)		(96,685)
Loss on sale or disposal of property		(3)		—		(14)
Equity in income of unconsolidated affiliates		3,460		2,705		3,355
Acquisition charges		—		(6,298)		(3,173)
Depreciation		(9,547)		(7,951)		(8,318)
Operating income (loss)—Nevada	$	13,989	$	(1,191)	$	4,856
Louisiana:
Net operating revenues	$	136,342	$	133,960	$	140,495
Expenses, excluding depreciation, amortization(a)		(107,316)		(112,068)		(113,844)
Gain (loss) on sale or disposal of property		18		(84)		(212)
Depreciation and amortization		(7,621)		(8,403)		(8,713)
Operating income—Louisiana	$	21,423	$	13,405	$	17,726
Eastern:
Net operating revenues	$	455,640	$	124,168	$	—
Expenses, excluding depreciation, amortization and corporate		(359,841)		(100,808)		—
Gain on sale or disposal of property		33		—		—
Depreciation and amortization		(39,341)		(12,274)		—
Operating income—Eastern	$	56,491	$	11,086	$	—
Corporate:
Corporate expenses	$	(16,469)	$	(4,617)	$	—
Acquisition charges		(2,452)		(1,113)		—
Loss on sale or disposal of property		(54)		—		—
Depreciation and amortization		(412)		(15)		—
Operating loss—Corporate	$	(19,387)	$	(5,745)	$	—

	For the year ended December 31,
	2015		2014		2013
		(in thousands)
Total Reportable Segments
Net operating revenues(a)	$	719,784	$	364,073	$	250,186
Expenses, excluding depreciation, amortization(a)		(591,349)		(313,085)		(210,529)
Loss on sale or disposal of property		(6)		(84)		(226)
Equity in income of unconsolidated affiliates		3,460		2,705		3,355
Acquisition charges		(2,452)		(7,411)		(3,173)
Depreciation and amortization		(56,921)		(28,643)		(17,031)
Operating income—Total Reportable Segments	$	72,516	$	17,555	$	22,582
Reconciliations to Consolidated Net Income (Loss):
Operating Income — Total Reportable Segments	$	72,516	$	17,555	$	22,582
Unallocated income and expenses:
Interest income		—		18		16
Interest expense		(61,558)		(30,752)		(15,681)
Gain on valuation of unconsolidated affiliate		35,582		—		—
Gain on extinguishment of debt of unconsolidated affiliate		—		—		11,980
Gain on termination of supplemental executive retirement plan assets of unconsolidated affiliate		—		715		—
Loss on early retirement of debt		(1,937)		(90)		—
Non‑controlling interest		—		(103)		—
Benefit (provision) for income taxes		69,580		(1,768)		—
Net income (loss)	$	114,183	$	(14,425)	$	18,897

(a) Net revenues for Nevada and expenses for Louisiana are net of the elimination of $2.3millionand$3.0 million of management and incentive fees received by Eldorado Reno and paid by Eldorado Shreveport for 2014 and 2013, respectively. There were no such fees paid in 2015.

	For the Year Ended December 31,
	2015		2014		2013
	(in thousands)
Capital Expenditures
Nevada	$	4,682	$	3,475	$	3,520
Louisiana		4,032		3,273		3,893
Eastern		26,556		3,816		—
Corporate		1,492		—		—
Total	$	36,762	$	10,564	$	7,413

	As of December 31,
	2015		2014
	(in thousands)
Total Assets
Nevada	$	376,760	$	235,170
Louisiana		135,403		141,317
Eastern		883,344		921,726
Corporate		495,202		—
Eliminating entries (a)		(565,701)		(126,654)
Total	$	1,325,008	$	1,171,559

(a) Reflects the following eliminations for the periods indicated.

Proceeds from Resorts Senior Secured Notes loaned to Eldorado Shreveport	$	—	$	116,308
Reclass deferred tax assets against deferred tax liabilities		1,080		—
Accrued interest on the above intercompany loan		11,521		418
Intercompany receivables/payables		394,804		130
Net investment in Silver Legacy/Circus Reno		88,314		—
Net investment in and advances to MTR Gaming		5,000		5,000
Net investment in and advances to Silver Legacy		56,500		—
Net investment in and advances to Eldorado Shreveport		8,482		4,798
	$	565,701	$	126,654