XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Casino $ 184,604 $ 156,357 $ 532,141 $ 460,807
Pari-mutuel commissions 3,527 3,781 7,104 8,042
Food and beverage 38,029 24,040 108,735 69,717
Hotel 28,001 9,193 73,843 24,671
Other 12,095 6,165 33,994 17,464
Gross revenues 266,256 199,536 755,817 580,701
Less promotional allowances (24,691) (15,996) (69,371) (47,077)
Net operating revenues 241,565 183,540 686,446 533,624
EXPENSES:        
Casino 103,272 90,398 299,908 268,282
Pari-mutuel commissions 3,506 3,625 7,761 8,414
Food and beverage 21,046 12,461 61,557 36,384
Hotel 7,956 2,340 23,064 6,843
Other 7,298 4,079 19,990 10,513
Marketing and promotions 11,323 7,816 30,664 22,321
General and administrative 34,094 23,285 98,129 69,882
Corporate 4,426 3,652 15,684 11,713
Depreciation and amortization 15,810 13,954 47,597 42,454
Total operating expenses 208,731 161,610 604,354 476,806
GAIN ON SALE OR DISPOSAL OF PROPERTY 25 (6) (740) (2)
ACQUISITION CHARGES (4,750) (380) (5,326) (717)
EQUITY IN LOSSES OF UNCONSOLIDATED AFFILIATE   2,548   3,136
OPERATING INCOME 28,109 24,092 76,026 59,235
OTHER EXPENSE:        
Interest expense, net (12,589) (14,482) (38,375) (48,946)
Loss on early retirement of debt, net   (1,790) (155) (1,790)
Total other expense (12,589) (16,272) (38,530) (50,736)
NET INCOME (LOSS) BEFORE INCOME TAXES 15,520 7,820 37,496 8,499
PROVISION FOR INCOME TAXES (5,838) (2,421) (13,654) (4,469)
NET INCOME (LOSS) $ 9,682 $ 5,399 $ 23,842 $ 4,030
Net income (loss) per share of common stock:        
Basic $ 0.21 $ 0.12 $ 0.51 $ 0.09
Diluted $ 0.20 $ 0.12 $ 0.50 $ 0.09
Weighted average number of shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 47,193,120 46,516,614 47,106,706 46,509,369
Weighted Average Number of Shares Outstanding, Diluted 47,834,644 46,763,589 47,737,592 46,620,959