XML 42 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Description Of Business And Basis Of Presentation (Tables)
 12 Months Ended
Dec. 31, 2016
Description Of Business And Basis Of Presentation [Abstract]  
Impact Of Corrections On Consolidated Financial Statements

Consolidated Statement of Cash Flows for the year ended December 31, 2014:

Amounts in thousands

 

As Previously Reported

 

Correction

 

As Corrected

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

Changes in Operating Assets and Liabilities:

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

 (961)

 

$

 1,759 

 

$

 798 

Net cash provided by operating activities

 

 

 7,322 

 

 

 1,759 

 

 

 9,081 



 

 

 

 

 

 

 

 

 

Cash Flows in Investing Activities:

 

 

 

 

 

 

 

 

 

Purchases of property and equipment

 

 

 (16,097)

 

 

 (1,759)

 

 

 (17,856)

Net cash used in investing activities

 

$

 (16,506)

 

$

 (1,759)

 

$

 (18,265)



 

 

 

 

 

 

 

 

 

Non-Cash Investing Activities:

 

 

 

 

 

 

 

 

 

Purchase of property and equipment on account

 

$

 1,961 

 

$

 (416)

 

$

 1,545 



 

 

 

 

 

 

 

 

 











 

 

 

 

 

 

 

 

 

Note 13. Segment and Geographic Information for the year ended December 31, 2014:

Amounts in thousands

 

As Previously Reported

 

Correction

 

As Corrected

Capital Expenditures

 

 

 

 

 

 

 

 

 

Canada

 

$

 11,190 

 

$

 495 

 

$

 11,685 

United States

 

 

 834 

 

 

 934 

 

 

 1,768 

Poland

 

 

 2,742 

 

 

 294 

 

 

 3,036 

Corporate and Other

 

 

 1,331 

 

 

 36 

 

 

 1,367 

Consolidated

 

$

 16,097 

 

$

 1,759 

 

$

 17,856 



 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

Consolidated Balance Sheet as of December 31, 2015:

 

 

 

 

 

 

 

 

 

Amounts in thousands

 

As Previously Reported

 

Correction

 

As Corrected

Receivables, net

 

$

 3,279 

 

$

 (659)

 

$

 2,620 

Total Current Assets

 

 

 34,540 

 

 

 (659)

 

 

 33,881 

Total Assets

 

$

 187,083 

 

$

 (659)

 

$

 186,424 



 

 

 

 

 

 

 

 

 

Taxes payable

 

$

 4,371 

 

$

 (171)

 

$

 4,200 

Total Current Liabilities

 

 

 23,300 

 

 

 (171)

 

 

 23,129 

Total Liabilities

 

 

 59,808 

 

 

 (171)

 

 

 59,637 



 

 

 

 

 

 

 

 

 

Retained earnings

 

 

 57,558 

 

 

 (387)

 

 

 57,171 

Accumulated other comprehensive loss

 

 

 (12,704)

 

 

 21 

 

 

 (12,683)

Total Century Casinos, Inc. shareholders' equity

 

 

 122,416 

 

 

 (366)

 

 

 122,050 

Non-controlling interest

 

 

 4,859 

 

 

 (122)

 

 

 4,737 

Total Equity

 

 

 127,275 

 

 

 (488)

 

 

 126,787 

Total Liabilities and Equity

 

$

 187,083 

 

$

 (659)

 

$

 186,424 



 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

Consolidated Statement of Earnings for the year ended December 31, 2015:

Amounts in thousands, except for per share information

 

As Previously Reported

 

Correction

 

As Corrected

Operating Revenue:

 

 

 

 

 

 

 

 

 

Other

 

$

 8,898 

 

$

 (697)

 

$

 8,201 

Gross revenue

 

 

 142,880 

 

 

 (697)

 

 

 142,183 

Net operating revenue

 

 

 134,431 

 

 

 (697)

 

 

 133,734 

Earnings from operations

 

 

 16,493 

 

 

 (697)

 

 

 15,796 

Earnings before income taxes

 

 

 15,342 

 

 

 (697)

 

 

 14,645 

Income tax expense

 

 

 (1,835)

 

 

 181 

 

 

 (1,654)

Net earnings (loss)

 

 

 13,507 

 

 

 (516)

 

 

 12,991 

Net (earnings) loss attributable to non-controlling interests

 

 

 (1,600)

 

 

 129 

 

 

 (1,471)

Net earnings attributable to Century Casinos, Inc. shareholders

 

$

 11,907 

 

$

 (387)

 

$

 11,520 



 

 

 

 

 

 

 

 

 

Earnings per share attributable to Century Casinos, Inc. shareholders:

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

$

 0.49 

 

$

 (0.02)

 

$

 0.47 



 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

Consolidated Statement of Comprehensive Income (Loss) for the year ended December 31, 2015:

Amounts in thousands

 

As Previously Reported

 

Correction

 

As Corrected

Net earnings (loss)

 

$

 13,507 

 

$

 (516)

 

$

 12,991 



 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

 (9,881)

 

 

 28 

 

 

 (9,853)

Other comprehensive loss

 

 

 (9,881)

 

 

 28 

 

 

 (9,853)

Comprehensive income (loss)

 

$

 3,626 

 

$

 (488)

 

$

 3,138 



 

 

 

 

 

 

 

 

 

Comprehensive income (loss) attributable to non-controlling interests

 

 

 

 

 

 

 

 

 

Net (earnings) loss attributable to non-controlling interests

 

 

 (1,600)

 

 

 129 

 

 

 (1,471)

Foreign currency translation adjustments

 

 

 948 

 

 

 (7)

 

 

 941 

Comprehensive income (loss) attributable to Century Casinos, Inc. shareholders

 

$

 2,974 

 

$

 (366)

 

$

 2,608 



 

 

 

 

 

 

 

 

 









 

 

 

 

 

 

 

 

 

Consolidated Statement of Equity for the year ended December 31, 2015:

Amounts in thousands

 

As Previously Reported

 

Correction

 

As Corrected

Accumulated other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

$

 (8,933)

 

$

 21 

 

$

 (8,912)

Accumulated other comprehensive income (loss) balance at December 31, 2015

 

 

 (12,704)

 

 

 21 

 

 

 (12,683)



 

 

 

 

 

 

 

 

 

Retained earnings

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 11,907 

 

 

 (387)

 

 

 11,520 

Retained earnings balance at December 31, 2015

 

 

 57,558 

 

 

 (387)

 

 

 57,171 



 

 

 

 

 

 

 

 

 

Total Century Casinos shareholders' equity

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 11,907 

 

 

 (387)

 

 

 11,520 

Foreign currency translation adjustment

 

 

 (8,933)

 

 

 21 

 

 

 (8,912)

Total Century Casinos shareholders' equity balance at December 31, 2015

 

 

 122,416 

 

 

 (366)

 

 

 122,050 



 

 

 

 

 

 

 

 

 

Non-controlling interest

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 1,600 

 

 

 (129)

 

 

 1,471 

Foreign currency translation adjustment

 

 

 (948)

 

 

 7 

 

 

 (941)

Non-controlling interest balance at December 31, 2015

 

 

 4,859 

 

 

 (122)

 

 

 4,737 



 

 

 

 

 

 

 

 

 

Total equity

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 13,507 

 

 

 (516)

 

 

 12,991 

Foreign currency translation adjustment

 

 

 (9,881)

 

 

 28 

 

 

 (9,853)

Total equity balance at December 31, 2015

 

$

 127,275 

 

$

 (488)

 

$

 126,787 



 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

Consolidated Statement of Cash Flows for the year ended December 31, 2015:

Amounts in thousands

 

As Previously Reported

 

Correction

 

As Corrected

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 

$

 13,507 

 

$

 (516)

 

$

 12,991 

Changes in Operating Assets and Liabilities:

 

 

 

 

 

 

 

 

 

Receivables, net

 

 

 (1,798)

 

 

 659 

 

 

 (1,139)

Taxes payable

 

 

 (554)

 

 

 (171)

 

 

 (725)

Net cash provided by operating activities

 

 

 19,674 

 

 

 (28)

 

 

 19,646 

Effect of Exchange Rate Changes on Cash

 

$

 (1,292)

 

$

 28 

 

$

 (1,264)



 

 

 

 

 

 

 

 

 









 

 

 

 

 

 

 

 

 

Note 13: Segment and Geographic Information for the year ended December 31, 2015:

Amounts in thousands

 

As Previously Reported

 

Correction

 

As Corrected

Canada

 

 

 

 

 

 

 

 

 

Net operating revenue

 

$

 45,900 

 

$

 (697)

 

$

 45,203 

Earnings before income taxes

 

 

 10,081 

 

 

 (697)

 

 

 9,384 

Net earnings (loss) attributable to Century Casinos, Inc. shareholders

 

 

 7,819 

 

 

 (387)

 

 

 7,432 

Income taxes (benefit)

 

 

 2,110 

 

 

 (181)

 

 

 1,929 

Non-controlling interest

 

 

 152 

 

 

 (129)

 

 

 23 

Adjusted EBITDA

 

$

 15,384 

 

$

 (697)

 

$

 14,687