XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Gaming $ 16,683 $ 17,844 $ 45,886 $ 49,440
Food, beverage, racing & other 2,927 3,557 7,004 9,837
Gross revenues 19,610 21,401 52,890 59,277
Less: Promotional allowances (837) (1,723) (3,291) (3,847)
Net revenues 18,773 19,678 49,599 55,430
Costs and expenses:        
Gaming 12,158 12,943 33,894 36,175
Food, beverage, racing and other 2,851 2,940 7,331 8,441
Selling, general and administrative 2,686 2,958 8,123 10,012
Development costs 2,933 815 10,774 815
Stock-based compensation 144 65 427 215
Depreciation 321 346 997 1,018
Total costs and expenses 21,093 20,067 61,546 56,676
Income from operations (2,320) (389) (11,947) (1,246)
Amortization of deferred financing costs (22) (18) (68) (54)
Interest expense (2,506) (336) (8,481) (995)
Net loss (4,848) (743) (20,496) (2,295)
Undeclared dividends on preferred stock (47) (47) (141) (5,461)
Net loss applicable to common shares $ (4,895) $ (790) $ (20,637) $ (7,756)
Weighted average common shares outstanding, basic 39,372 36,181 38,154 33,077
Weighted average of common shares outstanding, diluted 39,372 36,181 38,154 33,077
Loss per common share, basic $ (0.12) $ (0.02) $ (0.54) $ (0.23)
Loss per common share, diluted $ (0.12) $ (0.02) $ (0.54) $ (0.23)