XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
Casino $ 169,078 $ 147,662
Pari-mutuel commissions 684 1,205
Food and beverage 33,739 22,182
Hotel 20,165 7,034
Other 10,885 4,726
Gross revenues 234,551 182,809
Less promotional allowances (20,985) (15,358)
Net operating revenues 213,566 167,451
EXPENSES:    
Casino 96,262 86,818
Pari-mutuel commissions 1,324 1,696
Food and beverage 19,728 11,921
Hotel 7,129 2,190
Other 6,074 2,867
Marketing and promotions 9,574 7,101
General and administrative 31,655 23,544
Corporate 6,904 4,160
Depreciation and amortization 16,204 14,469
Total operating expenses 194,854 154,766
GAIN ON SALE OR DISPOSAL OF PROPERTY 71 1
ACQUISITION CHARGES (520) (84)
EQUITY IN LOSSES OF UNCONSOLIDATED AFFILIATE   (518)
OPERATING INCOME 18,263 12,084
OTHER EXPENSE:    
Interest expense, net (12,991) (17,232)
Loss on early retirement of debt, net (66)  
Total other expense (13,057) (17,232)
NET INCOME (LOSS) BEFORE INCOME TAXES 5,206 (5,148)
PROVISION FOR INCOME TAXES (1,836) (1,016)
NET INCOME (LOSS) $ 3,370 $ (6,164)
Net income (loss) per share of common stock:    
Basic $ 0.07 $ (0.13)
Diluted $ 0.07 $ (0.13)
Weighted average number of shares outstanding:    
Weighted Average Number of Shares Outstanding, Basic 46,933,094 46,494,638
Weighted Average Number of Shares Outstanding, Diluted 47,534,761 46,494,638