| Schedule of new accounting pronouncements and changes in accounting principles |
The impact of adoption on our consolidated statement of operations is shown as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In Thousands) |
For the Year Ended December 31, 2018 |
|
For the
Year Ended
December 31, 2017
As Reported
|
Statement of Operations |
As Reported |
|
Balances without Adoption of ASC 606 |
|
Effect of Change
Higher/(Lower)
|
|
Revenues |
|
|
|
|
|
|
|
Casino |
$ |
114,313 |
|
|
$ |
147,366 |
|
|
$ |
(33,053 |
) |
|
$ |
144,495 |
|
Food and beverage |
35,058 |
|
|
34,607 |
|
|
451 |
|
|
32,471 |
|
Hotel |
9,864 |
|
|
9,043 |
|
|
821 |
|
|
8,863 |
|
Promotional allowances |
— |
|
|
(30,889 |
) |
|
30,889 |
|
|
(29,006 |
) |
|
|
|
|
|
|
|
|
Costs and expenses |
|
|
|
|
|
|
|
Casino |
45,752 |
|
|
75,912 |
|
|
(30,160 |
) |
|
76,305 |
|
Food and beverage |
38,619 |
|
|
12,354 |
|
|
26,265 |
|
|
12,528 |
|
Hotel |
10,358 |
|
|
1,383 |
|
|
8,975 |
|
|
1,084 |
|
Other operations |
3,434 |
|
|
1,994 |
|
|
1,440 |
|
|
1,923 |
|
Selling, general and administrative |
48,694 |
|
|
56,085 |
|
|
(7,391 |
) |
|
53,485 |
|
Operating income |
7,426 |
|
|
7,447 |
|
|
(21 |
) |
|
7,057 |
|
Loss before income taxes |
(3,895 |
) |
|
(3,874 |
) |
|
(21 |
) |
|
(5,178 |
) |
Net loss |
(4,371 |
) |
|
(4,350 |
) |
|
(21 |
) |
|
(5,028 |
) |
|
| Schedule of earnings per share, basic and diluted |
|
|
|
|
|
|
|
|
|
(In thousands) |
Year Ended December 31, |
|
2018 |
|
2017 |
Numerator: |
|
|
|
Net loss - basic |
$ |
(4,371 |
) |
|
$ |
(5,028 |
) |
Adjustment for assumed conversion of warrants |
(1,671 |
) |
|
— |
|
Net loss - diluted |
$ |
(6,042 |
) |
|
$ |
(5,028 |
) |
|
|
|
|
Denominator: |
|
|
|
Weighted-average common share equivalents - basic |
26,012 |
|
|
22,883 |
|
Potential dilution from assumed conversion of warrants |
449 |
|
|
— |
|
Weighted-average common and common share equivalents - diluted |
26,461 |
|
|
22,883 |
|
Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share |
2,576 |
|
|
3,498 |
|
|