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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below presents information about the reported segments for the three and six months ended June 30, 2012 and 2011 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Net revenues from external customers:
 
 
 
 
 
 
 
Churchill Downs
$
102,874

 
$
96,005

 
$
105,424

 
$
98,410

Arlington Park
22,807

 
22,050

 
32,224

 
31,398

Calder
22,873

 
19,412

 
24,741

 
22,080

Fair Grounds
11,886

 
10,904

 
28,233

 
28,194

Total Racing Operations
160,440

 
148,371

 
190,622

 
180,082

Calder Casino
19,188

 
21,711

 
41,067

 
42,323

Fair Grounds Slots
9,586

 
9,458

 
21,617

 
21,630

VSI
8,814

 
8,789

 
18,377

 
18,216

Harlow's Casino
13,783

 
9,501

 
29,646

 
26,377

Total Gaming
51,371

 
49,459

 
110,707

 
108,546

Online Business
52,702

 
46,526

 
96,737

 
83,329

Other Investments
5,967

 
5,192

 
10,469

 
9,074

Corporate
336

 
138

 
477

 
209

Net revenues from external customers
$
270,816

 
$
249,686

 
$
409,012

 
$
381,240

Intercompany net revenues:
 
 
 
 
 
 
 
Churchill Downs
$
4,082

 
$
3,464

 
$
4,268

 
$
3,612

Arlington Park
1,496

 
1,159

 
2,052

 
1,692

Calder
586

 
486

 
596

 
547

Fair Grounds
75

 
—

 
822

 
778

Total Racing Operations
6,239

 
5,109

 
7,738

 
6,629

Online Business
230

 
219

 
436

 
415

Other Investments
1,072

 
606

 
1,822

 
759

Eliminations
(7,541
)
 
(5,934
)
 
(9,996
)
 
(7,803
)
Net revenues
$
—

 
$
—

 
$
—

 
$
—

Reconciliation of Segment EBITDA to net earnings:
 
 
 
 
 
 
 
Racing Operations
$
65,390

 
$
58,815

 
$
53,851

 
$
46,327

Gaming
19,438

 
12,798

 
39,827

 
30,331

Online Business
12,539

 
11,308

 
22,960

 
18,853

Other Investments
(104
)
 
677

 
(434
)
 
435

Corporate
(1,969
)
 
1,385

 
(3,570
)
 
211

Total EBITDA
95,294

 
84,983

 
112,634

 
96,157

Depreciation and amortization
(13,638
)
 
(13,890
)
 
(27,445
)
 
(27,876
)
Interest income (expense), net
(947
)
 
(3,405
)
 
(2,152
)
 
(5,797
)
Income tax provision
(32,133
)
 
(27,698
)
 
(33,107
)
 
(25,680
)
Earnings from continuing operations
48,576

 
39,990

 
49,930

 
36,804

Discontinued operations, net of income taxes
—

 
157

 
(1
)
 
158

Net earnings and comprehensive income
$
48,576

 
$
40,147

 
$
49,929

 
$
36,962
Reconciliation of Assets from Segment to Consolidated
The table below presents information about equity in earnings (losses) of unconsolidated investments included in the Company’s reported segments for the three and six months ended June 30, 2012 and 2011 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Online Business
$
(516
)
 
$
393

 
$
(554
)
 
$
(53
)
Other Investments
(48
)
 
67

 
(230
)
 
97

 
$
(564
)
 
$
460

 
$
(784
)
 
$
44

The table below presents total asset information for the reported segments (in thousands):
 
June 30,
2012
 
December 31,
2011
Total assets:
 
 
 
Racing Operations
$
522,980

 
$
509,133

Gaming
215,339

 
242,174

Online Business
189,516

 
183,397

Other Investments
31,580

 
13,318

 
$
959,415

 
$
948,022


The table below presents total capital expenditure information for the reported segments (in thousands):
 
Six Months Ended June 30,
 
2012
 
2011
Capital expenditures:
 
 
 
Racing Operations
$
4,532

 
$
3,681

Gaming
3,250

 
4,736

Online Business
2,306

 
842

Other Investments
6,385

 
1,608

 
$
16,473

 
$
10,867


During the six months ended June 30, 2012, the Company incurred $3.1 million of capital expenditures for its corporate office relocation, which is included in Other Investments.