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Unaudited Summarized Quarterly Data
 12 Months Ended
Dec. 31, 2017
Unaudited Summarized Quarterly Data [Abstract]  
Unaudited Summarized Quarterly Data



16.     UNAUDITED SUMMARIZED QUARTERLY DATA



Summarized quarterly financial data for 2017 and 2016 are as follows:







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the year ended December 31, 2017

Amounts in thousands, except for per share information:

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter (1)

 

 

4th Quarter (2)

Net operating revenue

 

$

 36,398 

 

$

 37,330 

 

$

 41,048 

 

$

 39,293 

Earnings from operations

 

 

 4,490 

 

 

 3,641 

 

 

 4,777 

 

 

 1,706 

Net earnings (loss)

 

 

 2,797 

 

 

 2,170 

 

 

 7,952 

 

 

 (5,030)

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

 

 

 2,159 

 

 

 1,802 

 

 

 7,630 

 

 

 (5,334)

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

 0.18 

 

$

 0.15 

 

$

 0.20 

 

$

 0.07 

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

 

$

 0.09 

 

$

 0.07 

 

$

 0.31 

 

$

 (0.20)

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

 0.18 

 

$

 0.15 

 

$

 0.19 

 

$

 0.06 

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

 

$

 0.09 

 

$

 0.07 

 

$

 0.31 

 

$

 (0.19)



 

 

 

 

 

 

 

 

 

 

 

 

(1)

The Company released a $5.7 million U.S. valuation allowance on its U.S. deferred tax assets, resulting in a tax benefit and increasing net earnings and net earnings attributable to Century Casinos, Inc. shareholders by the same amount.

(2)

The Company recognized tax expense of $5.4 million related to the Tax Act, increasing net loss and net loss attributable to Century Casinos, Inc. shareholders by the same amount.





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the year ended December 31, 2016

Amounts in thousands, except for per share information:

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter (1)

Net operating revenue

 

$

 33,226 

 

$

 35,201 

 

$

 34,526 

 

$

 36,279 

Earnings from operations

 

 

 4,082 

 

 

 4,541 

 

 

 3,835 

 

 

 3,706 

Net earnings

 

 

 2,740 

 

 

 4,326 

 

 

 2,413 

 

 

 4,334 

Net earnings attributable to Century Casinos, Inc. shareholders

 

 

 2,281 

 

 

 2,249 

 

 

 1,887 

 

 

 2,798 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

 0.17 

 

$

 0.18 

 

$

 0.16 

 

$

 0.15 

Net earnings attributable to Century Casinos, Inc. shareholders

 

$

 0.09 

 

$

 0.09 

 

$

 0.08 

 

$

 0.12 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

 0.17 

 

$

 0.18 

 

$

 0.16 

 

$

 0.15 

Net earnings attributable to Century Casinos, Inc. shareholders

 

$

 0.09 

 

$

 0.09 

 

$

 0.08 

 

$

 0.11 



 

 

 

 

 

 

 

 

 

 

 

 



(1)

In October 2016, operations began at CSA. In addition, the Company released its $2.2 million Canadian valuation allowance on CDR’s deferred tax assets, resulting in a tax benefit and increasing net earnings and net earnings attributable to Century Casinos, Inc. shareholders.