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Segment Information (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below presents information about the reported segments for the three and nine months ended September 30, 2015 and 2014 (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Net revenues from external customers:
 
 
 
 
 
 
 
Big Fish Games
$
103,540

 
$

 
$
299,969

 
$

Casinos:
 
 
 
 
 
 
 
Calder Casino
18,561

 
18,104

 
58,726

 
58,560

Fair Grounds Slots
8,789

 
9,453

 
29,324

 
30,823

VSI
9,011

 
8,008

 
27,584

 
25,241

Harlow's Casino
11,741

 
12,197

 
37,471

 
38,425

Oxford Casino
22,338

 
21,887

 
60,799

 
58,808

Riverwalk Casino
12,003

 
11,974

 
37,724

 
37,931

Saratoga
236

 

 
236

 

Total Casinos
82,679

 
81,623

 
251,864

 
249,788

TwinSpires
50,346

 
46,266

 
156,409

 
149,426

Racing:
 
 
 
 
 
 
 
Churchill Downs
7,863

 
8,021

 
136,663

 
128,511

Arlington
24,978

 
26,974

 
48,909

 
54,289

Calder
638

 
786

 
2,029

 
18,524

Fair Grounds
5,388

 
5,274

 
31,140

 
29,745

Total Racing
38,867

 
41,055

 
218,741

 
231,069

Other Investments
4,093

 
4,249

 
12,200

 
12,864

Corporate
240

 
290

 
731

 
949

Net revenues from external customers
$
279,765

 
$
173,483

 
$
939,914

 
$
644,096

Intercompany net revenues:
 
 
 
 
 
 
 
TwinSpires
$
234

 
$
240

 
$
781

 
$
714

Racing:
 
 
 
 
 
 
 
Churchill Downs
685

 
678

 
6,302

 
5,851

Arlington
1,665

 
2,001

 
4,109

 
4,795

Calder

 

 

 
707

Fair Grounds
11

 
15

 
869

 
744

Total Racing
2,361

 
2,694

 
11,280

 
12,097

Other Investments
792

 
829

 
2,680

 
2,937

Eliminations
(3,387
)
 
(3,763
)
 
(14,741
)
 
(15,748
)
Net revenues
$

 
$

 
$

 
$

Reconciliation of segment Adjusted EBITDA to net earnings:
 
 
 
 
 
 
 
Big Fish Games
$
33,295

 
$

 
$
81,559

 
$

Casinos
25,037

 
24,937

 
81,779

 
78,362

TwinSpires
13,759

 
11,098

 
41,666

 
35,135

Racing
283

 
(1,229
)
 
76,281

 
66,600

Other Investments
(78
)
 
(899
)
 
35

 
(2,475
)
Total segment Adjusted EBITDA
72,296

 
33,907

 
281,320

 
177,622

Corporate Adjusted EBITDA
(1,685
)
 
(1,398
)
 
(5,239
)
 
(3,645
)
Insurance recoveries, net of losses

 

 

 
431

Big Fish Games acquisition charges
(2,810
)
 

 
(17,410
)
 

Big Fish Games changes in deferred revenue
(10,907
)
 

 
(32,003
)
 

Share-based compensation
(4,485
)
 
(2,213
)
 
(10,580
)
 
(10,567
)
Calder exit costs
(12,737
)
 
(2,298
)
 
(13,490
)
 
(2,298
)
MVG interest expense, net
(535
)
 
(819
)
 
(1,625
)
 
(1,956
)
Other charges and recoveries, net

 
(355
)
 
6,114

 
(832
)
Depreciation and amortization
(27,452
)
 
(17,280
)
 
(82,129
)
 
(48,324
)
Interest (expense) income, net
(6,732
)
 
(5,167
)
 
(21,104
)
 
(15,092
)
Income tax provision
(750
)
 
(846
)
 
(46,165
)
 
(35,175
)
Net earnings
4,203

 
3,531

 
57,689

 
60,164

Foreign currency translation, net of tax effect
58

 

 
(357
)
 

Comprehensive earnings
$
4,261

 
$
3,531

 
$
57,332

 
$
60,164


Reconciliation of Assets from Segment to Consolidated
The table below presents equity in earnings of unconsolidated investments included in the Company’s reported segments for the three months and nine ended September 30, 2015 and 2014 (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Casinos
$
2,337

 
$
1,839

 
$
7,754

 
$
6,676

TwinSpires

 
(289
)
 

 
(41
)
Other Investments
52

 
(493
)
 
490

 
(782
)
 
$
2,389

 
$
1,057

 
$
8,244

 
$
5,853

The table below presents total capital expenditures for the reported segments for the nine months ended September 30, 2015 and 2014 (in thousands):
 
Nine Months Ended September 30,
 
2015
 
2014
Capital expenditures:
 
 
 
Big Fish Games
$
2,987

 
$

Casinos
15,383

 
6,629

TwinSpires
3,098

 
4,716

Racing
8,359

 
33,491

Other Investments
1,011

 
4,018

 
$
30,838

 
$
48,854

The table below presents total assets for the reported segments (in thousands):
 
September 30, 2015
 
December 31, 2014
Total assets:
 
 
 
Big Fish Games
$
1,052,842

 
$
1,009,668

Casinos
608,396

 
621,240

TwinSpires
184,830

 
182,322

Racing
377,594

 
518,517

Other Investments
36,653

 
30,757

 
$
2,260,315

 
$
2,362,504