XML 46 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements Of Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net revenues:        
Big Fish Games $ 103,540 $ 0 $ 299,969 $ 0
Casinos 82,679 81,623 251,864 249,788
TwinSpires 50,346 46,266 156,409 149,426
Racing 38,867 41,055 218,741 231,069
Other 4,333 4,539 12,931 13,813
Net revenues 279,765 173,483 939,914 644,096
Operating expenses:        
Big Fish Games 80,005 0 245,610 0
Casinos 60,821 60,436 182,664 184,487
TwinSpires 33,475 31,872 102,863 102,260
Racing 40,918 46,492 152,525 175,195
Other 4,924 5,837 15,830 17,885
Selling, general and administrative expenses 24,643 18,175 68,250 58,306
Calder exit costs 12,737 2,298 13,490 2,298
Research and development 9,950 0 30,029 0
Acquisition-related charges 2,810 0 17,410 0
Insurance recoveries, net of losses 0 0 0 (431)
Operating income 9,482 8,373 111,243 104,096
Other income (expense):        
Interest income 8 6 232 15
Interest expense (6,740) (5,173) (21,336) (15,107)
Equity in gains of unconsolidated investments 2,389 1,057 8,244 5,853
Gain on sale of equity investment 0 0 (5,817) 0
Miscellaneous, net (186) 114 (346) 482
Nonoperating Income (Expense) (4,529) (3,996) (7,389) (8,757)
Earnings from continuing operations before provision for income taxes 4,953 4,377 103,854 95,339
Income tax provision (750) (846) (46,165) (35,175)
Net earnings $ 4,203 $ 3,531 $ 57,689 $ 60,164
Earnings Per Share, Basic [Abstract]        
Basic $ 0.24 $ 0.21 $ 3.28 $ 3.44
Earnings Per Share, Diluted [Abstract]        
Diluted $ 0.24 $ 0.20 $ 3.26 $ 3.40
Weighted average shares outstanding:        
Basic 17,347 17,020 17,316 17,322
Diluted (in shares) 17,769 17,303 17,715 17,670
Other Comprehensive Loss, Net of Tax [Abstract]        
Foreign currency translation, net of tax effect $ 58 $ 0 $ (357) $ 0
Other comprehensive earnings (loss) 58 0 (357) 0
Comprehensive earnings $ 4,261 $ 3,531 $ 57,332 $ 60,164