Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.3.0.814
SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of selected statement of operations data
The following tables reflect selected operating information for our reporting segments for the three and nine months ended September 30, 2015 and 2014 and include a reconciliation of Adjusted Property EBITDA to operating income (loss) and net income (loss):
For the three months ended September 30, 2015
(In thousands, unaudited)
 
Casino/Resort Operations
 
 
 
 
 
 
 
Northern
 Nevada
 
Rising Star
Casino Resort
 
Silver Slipper
Casino & Hotel
 
Development/
Management
 
Corporate
 
Consolidated
Revenues, net
$
6,809

 
$
12,563

 
$
14,894

 
$

 
$

 
$
34,266

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Property EBITDA
$
2,227

 
$
2,455

 
$
2,413

 
$

 
$

 
$
7,095

 
 
 
 
 
 
 
 
 
 
 
 
Other operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
199

 
678

 
1,322

 

 
4

 
2,203

Preopening costs

 

 
21

 

 

 
21

Corporate expenses

 

 

 

 
844

 
844

Project development and acquisition costs

 

 

 
709

 

 
709

Stock compensation

 

 

 

 
57

 
57

Operating income (loss)
2,028


1,777


1,070


(709
)

(905
)
 
3,261

Non-operating expense:
 
 
 
 
 
 
 
 
 
 


Interest expense, net of amounts capitalized

 
40

 
4

 

 
1,785

 
1,829

Non-operating expense


40


4




1,785


1,829

Income (loss) before income taxes
2,028


1,737


1,066


(709
)

(2,690
)

1,432

Provision (benefit) for income taxes

 
(61
)
 
3

 

 
(545
)
 
(603
)
Net income (loss)
$
2,028


$
1,798


$
1,063


$
(709
)

$
(2,145
)
 
$
2,035

For the three months ended September 30, 2014
(In thousands, unaudited)
 
Casino/Resort Operations
 
 
 
 
 
 
 
Northern
 Nevada
 
Rising Star
Casino Resort
 
Silver Slipper
Casino & Hotel
 
Development/
Management
 
Corporate
 
Consolidated
Revenues, net
$
7,134

 
$
13,399

 
$
12,111

 
$
273

 
$

 
$
32,917

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Property EBITDA
$
2,463

 
$
1,650

 
$
1,736

 
$
273

 
$

 
$
6,122

 
 
 
 
 
 
 
 
 
 
 
 
Other operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
209

 
766

 
1,419

 

 
4

 
2,398

Corporate expenses

 

 

 

 
936

 
936

Project development and acquisition costs

 

 

 
72

 

 
72

Stock compensation

 

 

 

 
59

 
59

Operating income (loss)
2,254

 
884

 
317

 
201

 
(999
)
 
2,657

Non-operating expense:
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net of amounts capitalized

 
62

 
5

 

 
1,547

 
1,614

Settlement loss

 

 

 

 
1,700

 
1,700

Other
21

 
31

 
9

 

 

 
61

Non-operating expense
21

 
93

 
14

 

 
3,247

 
3,375

Income (loss) before income taxes
2,233


791


303


201


(4,246
)

(718
)
Provision (benefit) for income taxes
759

 
471

 
103

 
159

 
(1,444
)
 
48

Net income (loss)
$
1,474


$
320


$
200


$
42


$
(2,802
)

$
(766
)


For the nine months ended September 30, 2015
(In thousands, unaudited)
 
Casino/Resort Operations
 
 
 
 
 
 
 
Northern
 Nevada
 
Rising Star
Casino Resort
 
Silver Slipper
Casino & Hotel
 
Development/
Management
 
Corporate
 
Consolidated
Revenues, net
$
15,665

 
$
35,444

 
$
42,967

 
$

 
$

 
$
94,076

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Property EBITDA
$
3,269

 
$
3,251

 
$
7,774

 
$

 
$

 
$
14,294

 
 
 
 
 
 
 
 
 
 
 
 
Other operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
593

 
2,039

 
3,582

 

 
11

 
6,225

Write-offs, recoveries and asset disposals
80

 

 

 

 
(446
)
 
(366
)
Preopening costs

 

 
134

 

 

 
134

Corporate expenses

 

 

 

 
2,964

 
2,964

Project development and acquisition costs

 

 

 
760

 

 
760

Stock compensation

 

 

 

 
285

 
285

Operating income (loss)
2,596

 
1,212

 
4,058

 
(760
)
 
(2,814
)
 
4,292

Non-operating expense (income):
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net of amounts capitalized

 
124

 
13

 

 
4,739

 
4,876

Other

 
(11
)
 

 

 
(1
)
 
(12
)
Non-operating expense

 
113

 
13

 

 
4,738

 
4,864

Income (loss) before income taxes
2,596

 
1,099

 
4,045

 
(760
)
 
(7,552
)
 
(572
)
Provision (benefit) for income taxes

 
(61
)
 
8

 

 
(372
)
 
(425
)
Net income (loss)
$
2,596


$
1,160


$
4,037


$
(760
)

$
(7,180
)

$
(147
)




For the nine months ended September 30, 2014
(In thousands, unaudited)
 
Casino/Resort Operations
 
 
 
 
 
 
 
Northern
 Nevada
 
Rising Star
Casino Resort
 
Silver Slipper
Casino & Hotel
 
Development/
Management
 
Corporate
 
Consolidated
Revenues, net
$
16,543

 
$
40,188

 
$
36,879

 
$
1,066

 
$

 
$
94,676

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Property EBITDA
$
3,847

 
$
2,503

 
$
6,009

 
$
1,066

 
$

 
$
13,425

 
 
 
 
 
 
 
 
 
 
 
 
Other operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
640

 
2,305

 
4,207

 

 
13

 
7,165

Impairment

 
11,547

 

 

 

 
11,547

Write-offs, recoveries and asset disposals

 
8

 
13

 

 
30

 
51

Corporate expenses

 

 

 

 
3,091

 
3,091

Project development and acquisition costs

 

 

 
407

 

 
407

Stock compensation

 

 

 

 
219

 
219

Operating income (loss)
3,207

 
(11,357
)
 
1,789

 
659

 
(3,353
)
 
(9,055
)
Non-operating expense:
 
 
 
 
 
 
 
 
 
 


Interest expense, net of amounts capitalized

 
157

 
7

 

 
4,538

 
4,702

Settlement loss

 

 

 

 
1,700

 
1,700

Other
20

 
31

 
17

 

 

 
68

Non-operating expense
20

 
188

 
24

 

 
6,238

 
6,470

Income (loss) before income taxes
3,187

 
(11,545
)
 
1,765

 
659

 
(9,591
)
 
(15,525
)
Provision (benefit) for income taxes
1,084

 
(3,821
)
 
600

 
212

 
(3,261
)
 
(5,186
)
Net income (loss)
$
2,103


$
(7,724
)

$
1,165


$
447


$
(6,330
)

$
(10,339
)
Selected balance sheet data as of September 30, 2015 and December 31, 2014 follows:

As of September 30, 2015
(In thousands, unaudited)
 
Casino/Resort Operations
 
 
 
Northern
Nevada
 
Rising Star
Casino Resort
 
Silver Slipper
Casino & Hotel
 
Development/
Management
 
Corporate
 
Consolidated
Total assets
$
12,110

 
$
37,231

 
$
83,035

 
$
2,742

 
$
11,168

 
$
146,286

Property, equipment and capital lease, net
6,220

 
31,792

 
61,856

 
242

 
24

 
100,134

Goodwill
1,809

 

 
14,671

 

 

 
16,480

Liabilities
1,649

 
10,856

 
4,048

 

 
72,098

 
88,651


As of December 31, 2014
(In thousands)
 
Casino/Resort Operations
 
 
 
Northern
Nevada
 
Rising Star
Casino Resort
 
Silver Slipper
Casino & Hotel
 
Development/
Management
 
Corporate
 
Consolidated
Total assets
$
12,471

 
$
39,101

 
$
76,898

 
$

 
$
12,474

 
$
140,944

Property, equipment and capital lease, net
6,656

 
33,801

 
54,548

 

 
35

 
95,040

Goodwill
1,809

 

 
14,671

 

 

 
16,480

Liabilities
1,970

 
11,543

 
4,182

 

 
65,752

 
83,447