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Apex Acquisition (Tables)
3 Months Ended
Mar. 31, 2017
Apex Acquisition [Abstract]  
Schedule of Estimated Fair Values of Assets and Liabilities



 

 

 

Amounts in thousands

 

 

Cash

 

$

3,060 

Accounts receivable

 

 

331 

Prepaid expenses and other

 

 

136 

Inventories

 

 

39 

Property and equipment

 

 

9,542 

Casino license

 

 

9,318 

Accounts payable

 

 

(63)

Accrued liabilities

 

 

(383)

Accrued payroll

 

 

(37)

Deferred tax liability

 

 

(1,238)

Net identifiable assets acquired

 

 

20,705 



 

 

 

Add: Goodwill

 

 

3,584 

Net assets acquired

 

$

24,289 



Purchase Consideration - Cash Outflow



 

 

 

Outflow of cash to acquire subsidiary, net of cash acquired

 

 

 

Cash consideration

 

$

24,289 

Less: cash balances acquired

 

 

(3,060)

Net cash

 

$

21,229 



Schedule of Unaudited Pro Forma Information



 

 

 



 

 



 

For the three months ended March 31,

Amounts in thousands, except for per share information

 

2016



 

(Unaudited)

Net operating revenue

 

$

35,029 

Net earnings attributable to Century Casinos, Inc. shareholders

 

$

2,533 

Basic and diluted earnings per share

 

$

0.10