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Selected Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Apr. 26, 2015
Selected Quarterly Financial Information (unaudited)  
Schedule of selected quarterly financial information

 

                                                                                                                                                                                    

 

 

Fiscal Quarters Ended

 

 

 

July 27,
2014

 

October 26,
2014

 

January 25,
2015

 

April 26,
2015

 

Net revenues

 

$

241,649

 

$

238,917

 

$

241,064

 

$

274,648

 

Operating income

 

 

19,908

 

 

21,025

 

 

27,042

 

 

35,832

 

Income (loss) from continuing operations

 

 

(2,317

)

 

(1,021

)

 

5,423

 

 

3,092

 

Income (loss) from discontinued operations, net of income taxes

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

(2,317

)

 

(1,021

)

 

5,423

 

 

3,092

 

Earnings (loss) per common share basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.06

)

$

(0.03

)

$

0.14

 

$

0.08

 

Income (loss) from discontinued operations, net of income taxes

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

$

(0.06

)

$

(0.03

)

$

0.14

 

$

0.08

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings (loss) per common share diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.06

)

$

(0.03

)

$

0.13

 

$

0.08

 

Income (loss) from discontinued operations, net of income taxes

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

$

(0.06

)

$

(0.03

)

$

0.13

 

$

0.08

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Weighted average basic shares

 

 

39,827,889

 

 

39,932,856

 

 

40,028,776

 

 

40,033,404

 

Weighted average dilutive shares

 

 

39,827,889

 

 

39,932,856

 

 

40,336,663

 

 

41,020,503

 

 

                                                                                                                                                                                    

 

 

Fiscal Quarters Ended

 

 

 

July 28,
2013

 

October 27,
2013

 

January 26,
2014

 

April 27,
2014

 

Net revenues

 

$

238,013

 

$

231,621

 

$

224,190

 

$

260,776

 

Operating income (loss)

 

 

18,097

 

 

22,611

 

 

17,947

 

 

(126,220

)

Income (loss) from continuing operations

 

 

(5,648

)

 

6,311

 

 

9,391

 

 

(139,720

)

Income (loss) from discontinued operations, net of income taxes

 

 

786

 

 

1,726

 

 

1,266

 

 

(1,798

)

Net income (loss)

 

 

(4,862

)

 

8,037

 

 

10,657

 

 

(141,518

)

Earnings (loss) per common share basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.14

)

$

0.16

 

$

0.24

 

$

(3.51

)

Income (loss) from discontinued operations, net of income taxes

 

 

0.02

 

 

0.04

 

 

0.03

 

 

(0.04

)

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

$

(0.12

)

$

0.20

 

$

0.27

 

$

(3.55

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings (loss) per common share diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.14

)

$

0.16

 

$

0.24

 

$

(3.51

)

Income (loss) from discontinued operations, net of income taxes

 

 

0.02

 

 

0.04

 

 

0.03

 

 

(0.04

)

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

$

(0.12

)

$

0.20

 

$

0.27

 

$

(3.55

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Weighted average basic shares

 

 

39,582,928

 

 

39,686,217

 

 

39,828,740

 

 

39,829,177

 

Weighted average dilutive shares

 

 

39,582,928

 

 

39,731,193

 

 

39,911,715

 

 

39,829,177

 

        A summary of certain revenues and expenses from our continuing operations impacting our quarterly financial results is as follows:

 

 

 

           

(1)          

During the first quarter of fiscal 2015, we incurred $1,013 of expense related to opposing the proposed Colorado gaming expansion referendum and $2,259 of severance expense related to restructuring at the corporate office.

           

(2)          

During the second quarter of fiscal 2015, we incurred $3,044 of expense related to opposing the proposed Colorado gaming expansion referendum and recorded a favorable property tax settlement related to our Waterloo property of $1,225.

           

(3)          

During the fourth quarter of fiscal 2015, we recorded impairment charges of $9,000 related to our long-lived assets at Nemacolin and $13,757 of loss on early extinguishment of debt.

           

(4)          

During the second quarter of fiscal 2014, we recorded litigation accrual recoveries of $7,351 in operating income and a reduction to interest expense of $7,379 related to the favorable outcome of our Greece gaming license legal proceedings.

           

(5)          

During the third quarter of fiscal 2014, we recorded litigation accrual recoveries of $1,979 in operating income and a reduction to interest expense of $244 related to the favorable outcome of our Silver Land legal proceedings.

           

(6)          

During the fourth quarter of fiscal 2014, we recorded goodwill impairment charges of $133,825. The charges consisted of $60,000 at our Bettendorf property, $24,238 at our Lake Charles property, $36,000 at our Lula property, $8,587 at our Natchez property, and $5,000 at our Vicksburg property. We also recorded impairment charges of $28,275 related to the long-lived assets at our Nemacolin and Natchez properties.