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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Total revenue $ 28,924,000 $ 143,218,000 $ 138,072,000 $ 263,849,000
Operating costs and expenses:        
Advertising, general and administrative 23,989,000 48,047,000 73,598,000 86,310,000
Acquisition, integration and restructuring expense 2,458,000 2,239,000 4,244,000 9,117,000
Depreciation and amortization 9,143,000 8,233,000 18,122,000 15,002,000
Total operating costs and expenses 49,887,000 109,372,000 162,204,000 199,696,000
(Loss) income from operations (20,963,000) 33,846,000 (24,132,000) 64,153,000
Other income (expense):        
Interest income 112,000 754,000 255,000 767,000
Interest expense, net of amounts capitalized (15,222,000) (9,966,000) (26,738,000) (17,017,000)
Total other expense, net (15,110,000) (10,521,000) (26,483,000) (17,559,000)
(Loss) income before provision for income taxes (36,073,000) 23,325,000 (50,615,000) 46,594,000
(Benefit) provision for income taxes (12,518,000) 6,145,000 (18,182,000) 11,818,000
Net (loss) income (23,555,000) 17,180,000 (32,433,000) 34,776,000
Net Income (Loss) Available to Common Stockholders, Basic, Total $ (23,555,000) $ 17,180,000 $ (32,433,000) $ 34,776,000
Net income per share, basic (in dollars per share) $ (0.77) $ 0.42 $ (1.05) $ 0.88
Weighted average common shares outstanding, basic (in shares) 30,452 41,137 31,011 39,701
Net income per share, diluted (in dollars per share) $ (0.77) $ 0.42 $ (1.04) $ 0.87
Weighted average common shares outstanding, diluted (in shares) 30,549 41,261 31,104 39,822
Goodwill and Intangible Asset Impairment $ (154,000) $ 0 $ 8,554,000 $ 0
Insured Event, Gain (Loss) (143,000) 0 (1,026,000) 0
Gain (Loss) on Extinguishment of Debt 0 (1,491,000) 0 (1,491,000)
Other Nonoperating Income (Expense) 0 182,000 0 182,000
Gaming        
Revenue:        
Total revenue 23,767,000 100,234,000 99,603,000 191,102,000
Operating costs and expenses:        
Cost of net revenue 9,871,000 26,078,000 33,084,000 47,154,000
Racing        
Revenue:        
Total revenue 176,000 3,783,000 3,133,000 6,723,000
Operating costs and expenses:        
Cost of net revenue 789,000 2,833,000 3,196,000 5,024,000
Hotel        
Revenue:        
Total revenue 2,115,000 11,390,000 9,761,000 17,695,000
Operating costs and expenses:        
Cost of net revenue 1,152,000 4,183,000 4,444,000 6,897,000
Food and beverage        
Revenue:        
Total revenue 1,670,000 18,801,000 16,986,000 32,312,000
Operating costs and expenses:        
Cost of net revenue 2,659,000 15,634,000 15,935,000 26,741,000
Other        
Revenue:        
Total revenue 1,196,000 9,010,000 8,589,000 16,017,000
Retail, entertainment and other        
Operating costs and expenses:        
Cost of net revenue $ 123,000 $ 2,125,000 $ 2,053,000 $ 3,451,000