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Revenue Recognition (Tables) - Adoption of ASC Topic 606
9 Months Ended
Sep. 30, 2018
Disaggregation Of Revenue [Line Items]  
Schedule of Impact of Adoption New Standard to Previously reported Selected Financial Statement Information

Adoption of the new standard did not have a significant impact on our previously reported net revenue, expenses, operating income, and net income. The impact of adoption of the new standard to previously reported selected financial statement information was as follows (in thousands):

 

 

 

Three Months Ended September 30, 2017

 

 

 

As Reported

 

 

ASC 606 Adjustments

 

 

Other Reclassifications(1)

 

 

As Adjusted

 

Gross revenues

 

$

 

483,036

 

 

$

 

(39,651

)

 

$

 

29,493

 

 

$

 

472,878

 

Promotional allowances

 

 

 

(38,162

)

 

 

 

41,785

 

 

 

 

(3,623

)

 

 

 

 

Net revenues

 

$

 

444,874

 

 

$

 

2,134

 

 

$

 

25,870

 

 

$

 

472,878

 

Operating income

 

$

 

78,924

 

 

$

 

182

 

 

$

 

2,386

 

 

$

 

81,492

 

Net income

 

$

 

29,554

 

 

$

 

133

 

 

$

 

 

 

$

 

29,687

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

As Reported

 

 

ASC 606 Adjustments

 

 

Other Reclassifications(1)

 

 

As Adjusted

 

Gross revenues

 

$

 

1,088,754

 

 

$

 

(88,225

)

 

$

 

50,368

 

 

$

 

1,050,897

 

Promotional allowances

 

 

 

(87,776

)

 

 

 

93,838

 

 

 

 

(6,062

)

 

 

 

 

Net revenues

 

$

 

1,000,978

 

 

$

 

5,613

 

 

$

 

44,306

 

 

$

 

1,050,897

 

Operating income

 

$

 

60,955

 

 

$

 

172

 

 

$

 

3,926

 

 

$

 

65,053

 

Net (loss) income

 

$

 

(15,754

)

 

$

 

196

 

 

$

 

 

 

$

 

(15,558

)

(1)

Other reclassifications are comprised of the reversal of our Lake Charles property from discontinued operations and other reclassifications to conform to current period presentations.

Summary of Net Revenues Disaggregated Type of Revenue and Reportable Segment

The Company’s consolidated statement of operations presents net revenue disaggregated by type or nature of the good or service (i.e., casino, pari-mutuel, food and beverage, hotel and other). A summary of net revenues disaggregated by type of revenue and reportable segment is presented below (amounts in thousands). Refer to Note 13 for a discussion of the Company’s reportable segments.

 

 

 

Three Months Ended September 30, 2018

 

 

 

West

 

 

Midwest

 

 

South

 

 

East

 

 

Central

 

 

Corporate

and Other

 

 

Total

 

Casino

 

$

 

60,912

 

 

$

 

86,331

 

 

$

 

84,299

 

 

$

 

109,637

 

 

$

 

21,698

 

 

$

 

 

 

$

 

362,877

 

Pari-mutuel commissions

 

 

 

 

 

 

 

 

 

 

 

1,854

 

 

 

 

3,438

 

 

 

 

 

 

 

 

 

 

 

 

5,292

 

Food and beverage

 

 

 

27,502

 

 

 

 

6,867

 

 

 

 

12,492

 

 

 

 

9,359

 

 

 

 

1,933

 

 

 

 

 

 

 

 

58,153

 

Hotel

 

 

 

31,583

 

 

 

 

4,720

 

 

 

 

6,169

 

 

 

 

2,308

 

 

 

 

 

 

 

 

 

 

 

 

44,780

 

Other

 

 

 

9,095

 

 

 

 

1,916

 

 

 

 

1,755

 

 

 

 

2,980

 

 

 

 

266

 

 

 

 

139

 

 

 

 

16,151

 

Net revenues

 

$

 

129,092

 

 

$

 

99,834

 

 

$

 

106,569

 

 

$

 

127,722

 

 

$

 

23,897

 

 

$

 

139

 

 

$

 

487,253

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2017

 

 

 

West

 

 

Midwest

 

 

South

 

 

East

 

 

Central

 

 

Corporate

and Other

 

 

Total

 

Casino

 

$

 

63,501

 

 

$

 

89,482

 

 

$

 

84,447

 

 

$

 

110,107

 

 

$

 

 

 

$

 

 

 

$

 

347,537

 

Pari-mutuel commissions

 

 

 

 

 

 

 

 

 

 

 

1,766

 

 

 

 

3,345

 

 

 

 

 

 

 

 

 

 

 

 

5,111

 

Food and beverage

 

 

 

30,099

 

 

 

 

7,572

 

 

 

 

12,669

 

 

 

 

9,197

 

 

 

 

 

 

 

 

 

 

 

 

59,537

 

Hotel

 

 

 

31,737

 

 

 

 

4,828

 

 

 

 

7,207

 

 

 

 

2,190

 

 

 

 

 

 

 

 

 

 

 

 

45,962

 

Other

 

 

 

8,987

 

 

 

 

1,769

 

 

 

 

1,845

 

 

 

 

1,957

 

 

 

 

 

 

 

 

173

 

 

 

 

14,731

 

Net revenues

 

$

 

134,324

 

 

$

 

103,651

 

 

$

 

107,934

 

 

$

 

126,796

 

 

$

 

 

 

$

 

173

 

 

$

 

472,878

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2018

 

 

 

West

 

 

Midwest

 

 

South

 

 

East

 

 

Central

 

 

Corporate

and Other

 

 

Total

 

Casino

 

$

 

168,342

 

 

$

 

262,138

 

 

$

 

270,802

 

 

$

 

323,030

 

 

$

 

21,698

 

 

$

 

 

 

$

 

1,046,010

 

Pari-mutuel commissions

 

 

 

 

 

 

 

 

 

 

 

7,853

 

 

 

 

6,554

 

 

 

 

 

 

 

 

 

 

 

 

14,407

 

Food and beverage

 

 

 

76,524

 

 

 

 

20,527

 

 

 

 

38,936

 

 

 

 

26,724

 

 

 

 

1,933

 

 

 

 

 

 

 

 

164,644

 

Hotel

 

 

 

77,234

 

 

 

 

12,775

 

 

 

 

18,462

 

 

 

 

5,976

 

 

 

 

 

 

 

 

 

 

 

 

114,447

 

Other

 

 

 

24,450

 

 

 

 

5,795

 

 

 

 

5,559

 

 

 

 

8,292

 

 

 

 

266

 

 

 

 

377

 

 

 

 

44,739

 

Net revenues

 

$

 

346,550

 

 

$

 

301,235

 

 

$

 

341,612

 

 

$

 

370,576

 

 

$

 

23,897

 

 

$

 

377

 

 

$

 

1,384,247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

West

 

 

Midwest

 

 

South

 

 

East

 

 

Central

 

 

Corporate

and Other

 

 

Total

 

Casino

 

$

 

132,563

 

 

$

 

147,469

 

 

$

 

176,616

 

 

$

 

308,036

 

 

$

 

 

 

$

 

 

 

$

 

764,684

 

Pari-mutuel commissions

 

 

 

 

 

 

 

 

 

 

 

3,271

 

 

 

 

6,588

 

 

 

 

 

 

 

 

 

 

 

 

9,859

 

Food and beverage

 

 

 

74,593

 

 

 

 

12,607

 

 

 

 

29,231

 

 

 

 

25,236

 

 

 

 

 

 

 

 

 

 

 

 

141,667

 

Hotel

 

 

 

69,596

 

 

 

 

8,282

 

 

 

 

15,706

 

 

 

 

5,961

 

 

 

 

 

 

 

 

 

 

 

 

99,545

 

Other

 

 

 

20,812

 

 

 

 

2,934

 

 

 

 

4,130

 

 

 

 

6,900

 

 

 

 

 

 

 

 

366

 

 

 

 

35,142

 

Net revenues

 

$

 

297,564

 

 

$

 

171,292

 

 

$

 

228,954

 

 

$

 

352,721

 

 

$

 

 

 

$

 

366

 

 

$

 

1,050,897