| Schedule of selected statement of operations and balance sheet data |
The following tables reflect selected operating information for our reporting segments for the year ended December 31, 2015 and 2014 and include a reconciliation of Adjusted Property EBITDA to operating income (loss) and net income (loss):
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Year Ended December 31, 2015 (In thousands) |
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Casino 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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Development/ Management |
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Corporate |
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Consolidated |
Revenues, net |
$ |
20,194 |
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$ |
47,557 |
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$ |
56,837 |
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$ |
— |
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$ |
— |
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$ |
124,588 |
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Adjusted Property EBITDA |
$ |
3,877 |
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$ |
4,005 |
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$ |
9,925 |
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$ |
— |
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$ |
— |
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$ |
17,807 |
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Other operating costs and expenses: |
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Depreciation and amortization |
781 |
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2,714 |
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4,383 |
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— |
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15 |
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7,893 |
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Write-offs, recoveries and asset disposals |
80 |
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— |
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3 |
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— |
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(446 |
) |
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(363 |
) |
Pre-opening costs |
— |
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— |
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156 |
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— |
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— |
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156 |
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Corporate expenses |
— |
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— |
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— |
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— |
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3,843 |
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|
3,843 |
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Project development and acquisition costs |
— |
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— |
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— |
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— |
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|
891 |
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|
891 |
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Stock compensation |
— |
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— |
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— |
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— |
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|
343 |
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|
343 |
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Operating income (loss) |
3,016 |
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|
1,291 |
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5,383 |
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— |
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(4,646 |
) |
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5,044 |
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Non-operating expense: |
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Interest expense, net of amounts capitalized |
— |
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(179 |
) |
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(18 |
) |
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— |
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(6,518 |
) |
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(6,715 |
) |
Other |
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11 |
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— |
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1 |
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12 |
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Non-operating expense |
— |
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(168 |
) |
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(18 |
) |
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— |
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(6,517 |
) |
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(6,703 |
) |
Income (loss) before income taxes |
3,016 |
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1,123 |
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5,365 |
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— |
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(11,163 |
) |
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(1,659 |
) |
Provision (benefit) for income taxes |
(168 |
) |
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(343 |
) |
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307 |
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— |
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(138 |
) |
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(342 |
) |
Net income (loss) |
$ |
3,184 |
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$ |
1,466 |
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$ |
5,058 |
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$ |
— |
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$ |
(11,025 |
) |
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$ |
(1,317 |
) |
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Year Ended December 31, 2014 (In thousands) |
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Casino 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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Development/ Management |
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Corporate |
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Consolidated |
Revenues, net |
$ |
21,222 |
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$ |
51,110 |
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$ |
48,023 |
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$ |
1,066 |
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$ |
— |
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$ |
121,421 |
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Adjusted Property EBITDA |
$ |
4,466 |
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$ |
2,174 |
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$ |
7,501 |
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$ |
1,066 |
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$ |
— |
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$ |
15,207 |
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Other operating costs and expenses: |
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Depreciation and amortization |
857 |
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2,997 |
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5,312 |
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— |
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17 |
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9,183 |
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Impairment |
— |
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11,547 |
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— |
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— |
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— |
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11,547 |
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Write-offs, recoveries and asset disposals |
— |
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372 |
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— |
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— |
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|
152 |
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|
524 |
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Board and executive transition costs |
— |
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— |
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— |
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— |
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2,741 |
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2,741 |
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Corporate expenses |
— |
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— |
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— |
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— |
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4,506 |
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4,506 |
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Project development and acquisition costs |
— |
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— |
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— |
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— |
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|
296 |
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296 |
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Stock compensation |
— |
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— |
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— |
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— |
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248 |
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|
248 |
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Operating income (loss) |
3,609 |
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(12,742 |
) |
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2,189 |
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1,066 |
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(7,960 |
) |
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(13,838 |
) |
Non-operating expense: |
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Interest expense, net of amounts capitalized |
— |
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(203 |
) |
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(12 |
) |
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— |
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(6,057 |
) |
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(6,272 |
) |
Settlement loss |
— |
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(1,700 |
) |
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(1,700 |
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Other |
(21 |
) |
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(25 |
) |
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(16 |
) |
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— |
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39 |
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(23 |
) |
Non-operating expense |
(21 |
) |
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(228 |
) |
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(28 |
) |
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— |
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(7,718 |
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(7,995 |
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Income (loss) before income taxes |
3,588 |
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(12,970 |
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2,161 |
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1,066 |
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(15,678 |
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(21,833 |
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Provision (benefit) for income taxes |
224 |
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(522 |
) |
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222 |
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(23 |
) |
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(889 |
) |
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(988 |
) |
Net income (loss) |
$ |
3,364 |
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$ |
(12,448 |
) |
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$ |
1,939 |
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$ |
1,089 |
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$ |
(14,789 |
) |
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$ |
(20,845 |
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Selected balance sheet data as of December 31, 2015 and 2014 is as follows:
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At December 31, 2015 (In thousands) |
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Casino 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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Development/
Management
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Corporate |
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Consolidated
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Total assets |
$ |
12,105 |
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$ |
37,086 |
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$ |
82,621 |
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$ |
— |
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$ |
10,958 |
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$ |
142,770 |
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Property and equipment, net |
6,098 |
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|
31,391 |
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|
61,150 |
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— |
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|
343 |
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98,982 |
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Goodwill |
1,809 |
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— |
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14,671 |
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— |
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— |
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16,480 |
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Liabilities |
1,834 |
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9,979 |
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3,389 |
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— |
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71,045 |
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86,247 |
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At December 31, 2014 (In thousands) |
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Casino 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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Development/
Management
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Corporate |
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Consolidated
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Total assets |
$ |
12,471 |
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$ |
39,101 |
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$ |
76,898 |
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$ |
— |
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$ |
12,474 |
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$ |
140,944 |
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Property and equipment, net |
6,656 |
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|
33,801 |
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|
54,548 |
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— |
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35 |
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95,040 |
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Goodwill |
1,809 |
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— |
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|
14,671 |
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— |
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— |
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|
16,480 |
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Liabilities |
1,970 |
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|
11,543 |
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|
4,182 |
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— |
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|
65,752 |
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|
83,447 |
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