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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Reconciliation of Assets from Segment to Consolidated
The table below presents total asset information for the reported segments as of June 30, 2013 and December 31, 2012 (in thousands):
 
June 30,
2013
 
December 31,
2012
Total assets:
 
 
 
Racing Operations
$
510,611

 
$
502,993

Gaming
372,280

 
382,054

Online Business
191,165

 
184,638

Other Investments
55,058

 
44,652

 
$
1,129,114

 
$
1,114,337

The table below presents total capital expenditure information for the reported segments for the six months ended June 30, 2013 and 2012 (in thousands):
 
Six Months Ended June 30,
 
2013
 
2012
Capital expenditures:
 
 
 
Racing Operations
$
10,210

 
$
4,532

Gaming
9,048

 
3,250

Online Business
3,528

 
2,306

Other Investments
986

 
6,385

 
$
23,772

 
$
16,473



The table below presents information about equity in losses of unconsolidated investments included in the Company’s reported segments for the three and six months ended June 30, 2013 and 2012 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Online Business
$
(239
)
 
$
(516
)
 
$
(130
)
 
$
(554
)
Other Investments
(392
)
 
(48
)
 
(665
)
 
(230
)
 
$
(631
)
 
$
(564
)
 
$
(795
)
 
$
(784
)
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, 2013 and 2012 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Net revenues from external customers:
 
 
 
 
 
 
 
Churchill Downs
$
108,278

 
$
102,874

 
$
110,578

 
$
105,424

Arlington
22,006

 
22,807

 
29,247

 
32,224

Calder
17,031

 
22,873

 
19,311

 
24,741

Fair Grounds
10,072

 
11,886

 
26,064

 
28,233

Total Racing Operations
157,387

 
160,440

 
185,200

 
190,622

Calder Casino
20,466

 
19,188

 
40,952

 
41,067

Fair Grounds Slots
9,978

 
9,586

 
22,342

 
21,617

VSI
9,245

 
8,814

 
19,006

 
18,377

Harlow's Casino
13,097

 
13,783

 
28,451

 
29,646

Riverwalk Casino
14,101

 
—

 
28,225

 
—

Total Gaming
66,887

 
51,371

 
138,976

 
110,707

Online Business
52,531

 
52,702

 
95,447

 
96,737

Other Investments
6,550

 
5,967

 
11,649

 
10,469

Corporate
418

 
336

 
574

 
477

Net revenues from external customers
$
283,773

 
$
270,816

 
$
431,846

 
$
409,012

Intercompany net revenues:
 
 
 
 
 
 
 
Churchill Downs
$
4,607

 
$
4,082

 
$
4,796

 
$
4,268

Arlington
903

 
1,496

 
1,040

 
2,052

Calder
492

 
586

 
505

 
596

Fair Grounds
—

 
75

 
833

 
822

Total Racing Operations
6,002

 
6,239

 
7,174

 
7,738

Online Business
233

 
230

 
446

 
436

Other Investments
1,348

 
1,072

 
2,250

 
1,822

Eliminations
(7,583
)
 
(7,541
)
 
(9,870
)
 
(9,996
)
Net revenues
$
—

 
$
—

 
$
—

 
$
—

Reconciliation of Adjusted EBITDA to net earnings:
 
 
 
 
 
 
 
Racing Operations
$
70,517

 
$
67,423

 
$
59,260

 
$
56,370

Gaming
19,365

 
14,992

 
41,373

 
34,765

Online Business
14,091

 
13,806

 
25,426

 
25,434

Other Investments
902

 
(25
)
 
1,083

 
(273
)
Total segment Adjusted EBITDA
104,875

 
96,196

 
127,142

 
116,296

Corporate Adjusted EBITDA
(988
)
 
(1,189
)
 
(2,165
)
 
(2,277
)
Insurance recoveries, net of losses
—

 
5,003

 
375

 
6,514

HRE Trust Fund proceeds
292

 
—

 
292

 
—

Share based compensation expense
(6,214
)
 
(4,715
)
 
(9,577
)
 
(7,899
)
Pre-opening costs
(480
)
 
—

 
(711
)
 
—

Depreciation and amortization
(14,991
)
 
(13,639
)
 
(30,026
)
 
(27,445
)
Interest income (expense), net
(1,167
)
 
(947
)
 
(2,633
)
 
(2,152
)
Income tax provision
(31,029
)
 
(32,133
)
 
(31,340
)
 
(33,107
)
Earnings from continuing operations
50,298

 
48,576

 
51,357

 
49,930

Discontinued operations, net of income taxes
—

 
—

 
(1
)
 
(1
)
Net earnings and comprehensive income
$
50,298

 
$
48,576

 
$
51,356

 
$
49,929