XML 20 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows provided by Operating Activities:    
Net (loss) earnings $ (10,072) $ 16,770
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 29,562 20,350
Lease amortization 2,938 2,763
Loss (gain) on disposition of fixed assets 526 (37)
Income from equity investment (1,121) (2,134)
Amortization of stock-based compensation expense 2,746 2,638
Amortization of deferred financing costs and discount on note receivable 2,021 9,042
Loss on debt extinguishment (Note 1) 7,299  
Loss on sale of assets (Note 1)   2,154
Gain on sale of operations (Note 1) (1,587)  
Deferred taxes (16,104) (13,616)
Changes in Operating Assets and Liabilities:    
Receivables, net (1,816) (20)
Prepaid expenses and other assets 3,050 3,557
Accounts payable (7,484) (6,516)
Other current and long-term liabilities 7,283 3,190
Inventories 156 (169)
Accrued payroll 479 306
Taxes payable 10,114 (3,724)
Net cash provided by operating activities 27,990 36,688
Cash Flows used in Investing Activities:    
Purchases of property and equipment (42,012) (12,938)
Smooth Bourbon dividends (Note 3) 2,256 982
Smooth Bourbon consolidation (Note 3) 528 (95,000)
Nugget acquisition, net of cash acquired (Note 3) (98,792)  
Rocky Gap acquisition, net of cash acquired (Note 3) (53,026)  
Purchase of intangible assets - casino license   (390)
Proceeds from disposition of assets 89 124
Century Casino Calgary sale earn out 1,587  
Calgary asset sale (Note 1)   6,330
Net cash used in investing activities (189,370) (100,892)
Cash Flows provided by Financing Activities:    
Proceeds from borrowings 55,200 350,000
Principal payments (55,825) (170,141)
Payment of deferred financing costs   (18,857)
Proceeds from sale of leaseback (Note1) 162,648  
Distribution to non-controlling interest (12,926) (2,378)
Repurchase of shares to satisfy tax withholding (1,290) (434)
Proceeds from exercise of stock options 126 253
Net cash provided by financing activities 147,933 158,443
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 559 (2,781)
(Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (12,888) 91,458
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 202,131 108,041
Cash, Cash Equivalents and Restricted Cash at End of Period 189,243 199,499
Supplemental Disclosure of Cash Flow Information:    
Interest paid 53,373 37,439
Income taxes paid 4,806 6,489
Income tax refunds   890
Non-Cash Investing Activities:    
Purchase of property and equipment on account $ 7,013 2,304
Non-Cash Financing Activities:    
Distributions payable to non-controlling shareholders   $ 1,003