Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below presents information about equity in earnings (losses) of unconsolidated investments included in the Company's reported segments for the years ended December 31, 2012, 2011 and 2010 (in thousands):

	Year Ended December 31,
	2012			2011			2010
Online Business	$	(1,413	)	$	(1,198	)	$	(866	)
Other Investments	(288		)	85			295
	$	(1,701	)	$	(1,113	)	$	(571	)

The tables below present total asset information about reported segments as of December 31, 2012 and 2011 and capital expenditures for the years ended December 31, 2012, 2011 and 2010 (in thousands):

	As of December 31,
	2012		2011
Total assets:
Racing Operations	$	659,175	$	509,133
Gaming	225,872		242,174
Online Business	184,638		183,397
Other Investments	44,652		13,318
	$	1,114,337	$	948,022

	Year Ended December 31,
	2012		2011		2010
Capital expenditures, net:
Racing Operations	$	14,027	$	7,484	$	35,295
Gaming	14,524		7,490		17,978
Online Business	4,427		2,774		5,995
Other Investments	8,320		4,919		2,684
	$	41,298	$	22,667	$	61,952

The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” in Note 1. The table below presents information about reported segments for the years ended December 31, 2012, 2011 and 2010 (in thousands):

	Year Ended December 31,
	2012			2011			2010
Net revenues from external customers:
Churchill Downs	$	124,255		$	121,886		$	119,144
Arlington	69,077			69,694			71,851
Calder	64,566			62,715			71,302
Fair Grounds	44,190			44,625			46,025
Total Racing Operations	302,088			298,920			308,322
Calder Casino	77,864			82,819			65,211
Fair Grounds Slots	42,881			41,553			40,432
VSI	35,433			35,052			33,971
Harlow’s Casino	56,604			53,205			2,659
Riverwalk Casino	10,330			—			—
Total Gaming	223,112			212,629			142,273
Online Business	183,279			165,416			121,407
Other Investments	22,872			19,563			13,202
Corporate	1,032			326			141
Net revenues from external customers	$	732,383		$	696,854		$	585,345
Intercompany net revenues:
Churchill Downs	$	5,592		$	5,088		$	3,850
Arlington	4,712			3,725			3,009
Calder	1,583			2,307			1,875
Fair Grounds	1,270			1,164			968
Total Racing Operations	13,157			12,284			9,702
Online Business	836			786			676
Other Investments	3,466			2,015			592
Eliminations	(17,459		)	(15,085		)	(10,970		)
Net revenues	$	—		$	—		$	—

Reconciliation of Assets from Segment to Consolidated

	Year Ended December 31,
	2012			2011			2010
Reconciliation of operating income to net earnings:
Racing Operations	$	29,905		$	24,918		$	15,213
Gaming	45,602			35,180			12,282
Online Business	32,208			28,360			10,467
Other Investments	(3,738		)	(2,790		)	200
All Other	(7,225		)	(4,658		)	(6,596		)
Total operating income	96,752			81,010			31,566
Other income (expense), net	(5,323		)	14,074			(3,668		)
Income tax provision	(33,152		)	(34,289		)	(8,341		)
Earnings from continuing operations	58,277			60,795			19,557
Discontinued operations, net of income taxes	(1		)	3,560			(3,204		)
Net earnings and comprehensive income	$	58,276		$	64,355		$	16,353