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Accounts Receivable
 12 Months Ended
Dec. 31, 2011
Accounts Receivable [Abstract]  
Accounts Receivable

NOTE 5—ACCOUNTS RECEIVABLE

Accounts receivable is comprised of the following (in thousands):

 

     2011     2010  

Simulcast receivables

    $ 8,804      $ 14,792   

Trade receivables

      18,826        11,711   

PSL and hospitality receivables

      8,291        7,451   

Other receivables

      16,260        3,451   
  

 

 

    

 

 

  
     52,181        37,405   

Allowance for doubtful accounts

      (2,408 )      (4,098 ) 
  

 

 

    

 

 

  
   $     49,773      $     33,307   
  

 

 

    

 

 

  

During 2011, the Company recognized $0.8 million of bad debt expense in its Online Business segment associated with customer wagering on TwinSpires.com.

During 2010, the Company recognized $0.9 million of bad debt expense, net of purses, in its Racing Operations and Other Investment segments resulting from the bankruptcy filing of New York City Off-Track Betting Corporation which filed for Chapter 9 bankruptcy during 2009 and subsequently ceased operations during 2010.