Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Data (Unaudited)

Quarterly Data (Unaudited)

Note 20. Quarterly Data (Unaudited)

The following table sets forth certain consolidated quarterly financial information for the years ended December 31, 2015, 2014 and 2013. The quarterly information only includes the operations of Silver Legacy and Circus Reno from the Acquisition Date through December 31, 2015 and MTR Gaming from the Merger Date through December 31, 2015.

	Quarter Ended
	March 31,		June 30,		September 30,		December 31,
	(Dollars in thousands, except per share amounts)
2015:
Revenues	$	182,809	$	198,356	$	199,536	$	203,840
Less—promotional allowances		(15,358)		(15,723)		(15,996)		(17,680)
Net revenues		167,451		182,633		183,540		186,160
Operating expenses		154,766		160,430		161,610		171,464
Operating income		12,084		23,059		24,092		13,281
Net (loss) income	$	(6,164)	$	4,795	$	5,399	$	110,153
Basic net (loss) income per common share	$	(0.13)	$	0.10	$	0.12	$	2.36
Diluted net (loss) income per common share	$	(0.13)	$	0.10	$	0.12	$	2.33
Weighted average shares outstanding—basic		46,494,638		46,516,614		46,516,614		46,670,735
Weighted average shares outstanding—diluted		46,494,638		46,657,618		46,763,589		47,227,127
	Quarter Ended
	March 31,		June 30,		September 30,		December 31,
	(Dollars in thousands, except per share amounts)
2014:
Revenues	$	67,083	$	72,725	$	90,528	$	179,936
Less—promotional allowances		(10,053)		(10,976)		(11,579)		(15,841)
Net revenues		57,030		61,749		78,949		164,095
Operating expenses		53,726		56,054		72,943		156,755
Operating income		1,552		6,775		2,778		6,450
Net (loss) income	$	(2,333)	$	2,909	$	(4,064)	$	(10,834)
Basic and diluted net (loss) income per common share	$	(0.10)	$	0.12	$	(0.16)	$	(0.23)
Weighted average shares outstanding—basic and diluted		23,311,492		23,311,492		26,075,022		46,441,249
	Quarter Ended
	March 31,		June 30,		September 30,		December 31,
	(Dollars in thousands, except per share amounts)
2013:
Revenues	$	72,607	$	76,864	$	74,950	$	65,832
Less—promotional allowances		(10,428)		(11,036)		(11,319)		(10,284)
Net revenues		62,179		65,828		63,631		55,548
Operating expenses		55,448		57,301		57,283		54,528
Operating income		6,025		10,500		7,092		1,035
Net income	$	2,087	$	6,548	$	3,184	$	7,078
Basic and diluted net income per common share	$	0.09	$	0.28	$	0.14	$	0.30
Weighted average shares outstanding—basic and diluted		23,311,492		23,311,492		23,311,492		23,311,492