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Unaudited Summarized Quarterly Data
 12 Months Ended
Dec. 31, 2018
Unaudited Summarized Quarterly Data [Abstract]  
Unaudited Summarized Quarterly Data



16.   UNAUDITED SUMMARIZED QUARTERLY DATA



Summarized quarterly financial data for 2018 and 2017 are as follows:







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the year ended December 31, 2018

Amounts in thousands, except for per share information:

 

 

1st Quarter

 

 

2nd Quarter (1)

 

 

3rd Quarter

 

 

4th Quarter

Net operating revenue

 

$

 40,620 

 

$

 39,648 

 

$

 43,564 

 

$

 45,106 

Earnings from operations

 

 

 3,251 

 

 

 996 

 

 

 3,234 

 

 

 1,976 

Net earnings

 

 

 1,319 

 

 

 97 

 

 

 1,795 

 

 

 790 

Net earnings attributable to Century Casinos, Inc. shareholders

 

 

 926 

 

 

 317 

 

 

 1,640 

 

 

 506 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

 0.11 

 

$

 0.03 

 

$

 0.11 

 

$

 0.07 

Net earnings attributable to Century Casinos, Inc. shareholders

 

$

 0.03 

 

$

 0.01 

 

$

 0.06 

 

$

 0.02 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

 0.11 

 

$

 0.03 

 

$

 0.11 

 

$

 0.07 

Net earnings attributable to Century Casinos, Inc. shareholders

 

$

 0.03 

 

$

 0.01 

 

$

 0.05 

 

$

 0.02 



 

 

 

 

 

 

 

 

 

 

 

 





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the year ended December 31, 2017

Amounts in thousands, except for per share information:

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter (2)

 

 

4th Quarter (3)

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)

CCB began operating in May 2018.

(2)

The Company released a $5.7 million US valuation allowance on its US 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.

(3)

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.