| Schedule of selected statement of operations data |
The following tables reflect selected operating information for our reporting segments for the three months ended March 31, 2016 and 2015 and include a reconciliation of Adjusted Property EBITDA to operating income (loss) and net income (loss):
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For the three months ended March 31, 2016 |
(In thousands, unaudited) |
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Casino/Resort Operations |
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Northern
Nevada
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|
Rising Star
Casino Resort
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Silver Slipper
Casino & Hotel
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Corporate |
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Consolidated |
Revenues, net |
$ |
4,916 |
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|
$ |
12,246 |
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|
$ |
14,845 |
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|
$ |
— |
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|
$ |
32,007 |
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Adjusted Property EBITDA |
$ |
767 |
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|
$ |
1,301 |
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$ |
2,661 |
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$ |
— |
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|
$ |
4,729 |
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Other operating costs and expenses: |
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Depreciation and amortization |
191 |
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|
669 |
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|
829 |
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|
4 |
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|
1,693 |
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Corporate expenses |
— |
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|
— |
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— |
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|
1,161 |
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|
1,161 |
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Project development and acquisition costs |
— |
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— |
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— |
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|
287 |
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|
287 |
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Stock compensation |
— |
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— |
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— |
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|
57 |
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|
57 |
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Operating income (loss) |
576 |
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|
632 |
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|
1,832 |
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(1,509 |
) |
|
1,531 |
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Non-operating expense: |
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Interest expense |
— |
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|
53 |
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|
4 |
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|
1,705 |
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|
1,762 |
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Non-operating expense |
— |
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53 |
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|
4 |
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1,705 |
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|
1,762 |
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Income (loss) before income taxes |
576 |
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|
579 |
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|
1,828 |
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(3,214 |
) |
|
(231 |
) |
Provision for income taxes |
— |
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|
1 |
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|
98 |
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— |
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|
99 |
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Net income (loss) |
$ |
576 |
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|
$ |
578 |
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|
$ |
1,730 |
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|
$ |
(3,214 |
) |
|
$ |
(330 |
) |
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For the three months ended March 31, 2015 |
(In thousands, unaudited) |
|
Casino/Resort Operations |
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Northern
Nevada
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Rising Star
Casino Resort
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Silver Slipper
Casino & Hotel
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Corporate |
|
Consolidated |
Revenues, net |
$ |
4,245 |
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|
$ |
11,115 |
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|
$ |
13,724 |
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$ |
— |
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$ |
29,084 |
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Adjusted Property EBITDA |
$ |
363 |
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$ |
205 |
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$ |
2,696 |
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$ |
— |
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$ |
3,264 |
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Other operating costs and expenses: |
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Depreciation and amortization |
200 |
|
|
688 |
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|
1,100 |
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|
4 |
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|
1,992 |
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Impairments |
80 |
|
|
— |
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— |
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|
4 |
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|
84 |
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Corporate expenses |
— |
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|
— |
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— |
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|
1,123 |
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|
1,123 |
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Project development and acquisition costs |
— |
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— |
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— |
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4 |
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|
4 |
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Pre-opening |
— |
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— |
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38 |
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— |
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|
38 |
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Stock compensation |
— |
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— |
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— |
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|
37 |
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|
37 |
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Operating income (loss) |
83 |
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|
(483 |
) |
|
1,558 |
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(1,172 |
) |
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(14 |
) |
Non-operating expense: |
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Interest expense, net of amounts capitalized |
— |
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|
42 |
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|
5 |
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|
1,478 |
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|
1,525 |
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Other |
— |
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(11 |
) |
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— |
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(1 |
) |
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(12 |
) |
Non-operating expense |
— |
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|
31 |
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|
5 |
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1,477 |
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|
1,513 |
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Income (loss) before income taxes |
83 |
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(514 |
) |
|
1,553 |
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(2,649 |
) |
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(1,527 |
) |
Provision for income taxes |
2 |
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|
2 |
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|
219 |
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|
5 |
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|
228 |
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Net income (loss) |
$ |
81 |
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|
$ |
(516 |
) |
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$ |
1,334 |
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|
$ |
(2,654 |
) |
|
$ |
(1,755 |
) |
Selected balance sheet data as of March 31, 2016 and December 31, 2015 follows:
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As of March 31, 2016 |
(In thousands, unaudited) |
|
Casino/Resort Operations |
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|
Northern
Nevada
|
|
Rising Star
Casino Resort
|
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Silver Slipper
Casino & Hotel
|
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Corporate |
|
Consolidated |
Total assets |
$ |
11,435 |
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|
$ |
35,957 |
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$ |
80,889 |
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|
$ |
10,142 |
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|
$ |
138,423 |
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Property, equipment and capital lease, net |
5,909 |
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|
30,735 |
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|
60,411 |
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|
346 |
|
|
97,401 |
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Goodwill |
1,809 |
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|
— |
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|
14,671 |
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|
— |
|
|
16,480 |
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Liabilities |
1,818 |
|
|
10,108 |
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|
3,216 |
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|
67,031 |
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|
82,173 |
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As of December 31, 2015 |
(In thousands) |
|
Casino/Resort Operations |
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|
Northern
Nevada
|
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Rising Star
Casino Resort
|
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Silver Slipper
Casino & Hotel
|
|
Corporate |
|
Consolidated |
Total assets |
$ |
12,105 |
|
|
$ |
37,141 |
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|
$ |
82,621 |
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|
$ |
9,600 |
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|
$ |
141,467 |
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Property, equipment and capital lease, net |
6,098 |
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|
31,391 |
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|
61,150 |
|
|
343 |
|
|
98,982 |
|
Goodwill |
1,809 |
|
|
— |
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|
14,671 |
|
|
— |
|
|
16,480 |
|
Liabilities |
1,834 |
|
|
10,034 |
|
|
3,389 |
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|
69,687 |
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|
84,944 |
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