Operating Segments

12 Months Ended

Dec. 31, 2011

Operating Segments [Abstract]

Operating Segments

12.

OPERATING SEGMENTS

The Company has three reportable operating segments: horse racing, Card Casino, and concessions. The horse racing segment includes simulcast and live horse racing operations, the Card Casino segment includes operations of Canterbury Park's Card Casino, and the concessions segment provides concessions during simulcast and live racing, in the Card Casino and during special events. The Company's reportable operating segments are strategic business units that offer different products and services. The horse racing and Card Casino segments are regulated by the Minnesota Racing Commission.

Depreciation, interest expense and income taxes are allocated to the segments but no allocation is made to concessions for shared facilities. However, the concessions segment paid approximately 25% of gross revenues on live racing and special event days to the horse racing segment for use of the facilities in 2011 and 2010. The following tables provide information about the Company's operating segments (in 000's):

	Year Ended December 31, 2011
	Horse Racing			Card Casino		Concessions		Total
Net revenues from external customers	$	12,148		$	23,385	$	5,053	$	40,586
Intersegment revenues		315			—		1,383		1,698
Net interest income		7			—		—		7
Depreciation		1,119			634		141		1,894
Segment (loss) income before income taxes		(2,000	)		3,221		544		1,765
Segment Assets	$	30,832		$	2,838	$	11,222	$	44,892
	Year Ended December 31, 2010
	Horse Racing			Card Casino		Concessions		Total
Net revenues from external customers	$	12,517		$	22,160	$	5,243	$	39,920
Intersegment revenues		590			—		1,545		2,135
Net interest income		13			—		—		13
Depreciation		1,123			768		153		2,044
Segment (loss) income before income taxes		(2,336	)		1,347		410		(579	)
Segment Assets	$	28,446		$	3,566	$	10,353	$	42,365

The following are reconciliations of reportable segment revenue, income before income taxes, and assets, to the Company's consolidated totals (in 000's):

	2011			2010
Revenues
Net revenues for reportable segments	$	42,284		$	42,055
Elimination of intersegment revenues		(1,698	)		(2,135	)
Total consolidated net revenues	$	40,586		$	39,920
Income (loss) before income taxes
Total segment income (loss) before income taxes	$	1,765		$	(579	)
Elimination of intersegment income before income taxes		(712	)		(685	)
Total consolidated income (loss) before income taxes	$	1,053		$	(1,264	)

	December 31, 2011			December 31, 2010
Assets
Total asset for reportable segments	$	44,892		$	42,365
Elimination of intercompany receivables		(10,708	)		(9,717	)
Total consolidated assets	$	34,184		$	32,648