XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Apr. 28, 2013
Apr. 29, 2012
Apr. 24, 2011
Revenues:      
Casino $ 1,016,005 $ 1,006,523 $ 968,423
Rooms 31,851 32,438 32,144
Food, beverage, pari-mutuel and other 133,377 128,560 121,955
Insurance recoveries   9,637  
Gross revenues 1,181,233 1,177,158 1,122,522
Less promotional allowances (216,034) (199,787) (185,861)
Net revenues 965,199 977,371 936,661
Operating expenses:      
Casino 156,179 153,743 142,642
Gaming taxes 255,105 251,780 242,949
Rooms 6,686 7,027 7,290
Food, beverage, pari-mutuel and other 42,472 41,281 40,559
Marine and facilities 56,421 57,225 55,211
Marketing and administrative 236,146 234,470 225,757
Corporate and development 33,953 40,248 42,709
Valuation charges 50,100 30,549  
Preopening expense 5,765 615  
Depreciation and amortization 73,419 76,050 77,613
Total operating expenses 916,246 892,988 834,730
Operating income 48,953 84,383 101,931
Interest expense (89,461) (87,905) (91,935)
Interest income 502 819 1,903
Derivative income (expense) 748 439 (1,214)
Income (loss) from continuing operations before income taxes (39,258) (2,264) 10,685
Income tax provision (6,732) (15,119) (6,950)
Income (loss) from continuing operations (45,990) (17,383) 3,735
Income (loss) from discontinued operations, including loss on sale, net of income tax benefit of $0, $2,026 and $5,328 for the fiscal years ended 2013, 2012 and 2011, respectively (1,579) (112,370) 805
Net income (loss) attributable to common stockholders $ (47,569) $ (129,753) $ 4,540
Earnings (loss) per common share attributable to common stockholders - basic:      
Income (loss) from continuing operations (in dollars per share) $ (1.17) $ (0.45) $ 0.11
Income (loss) from discontinued operations including gain on sale, net of income taxes (in dollars per share) $ (0.04) $ (2.90) $ 0.02
Net income (loss) attributable common stockholders (in dollars per share) $ (1.21) $ (3.35) $ 0.13
Earnings (loss) per common share attributable to common stockholders - diluted      
Income (loss) from continuing operations (in dollars per share) $ (1.17) $ (0.45) $ 0.11
Income (loss) from discontinued operations including gain on sale, net of income taxes (in dollars per share) $ (0.04) $ (2.90) $ 0.02
Net income (loss) attributable common stockholders (in dollars per share) $ (1.21) $ (3.35) $ 0.13
Weighted average basic shares (in shares) 39,340,325 38,753,098 34,066,159
Weighted average diluted shares (in shares) 39,340,325 38,753,098 34,174,717