Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and equivalents $ 14,936 $ 20,603
Accounts receivable, net of allowance for doubtful accounts of $471 and $959 1,869 2,657
Prepaid expenses 6,288 5,744
Deferred tax asset   2,110
Other 726 1,225
Total current assets 23,819 32,339
Property, equipment and capital lease assets, net of accumulated depreciation 91,168 83,673
Other long-term assets    
Goodwill 18,127 22,127
Intangible assets, net of accumulated amortization of $4,055 and $1,506 15,533 18,106
Long term deposits 761 301
Loan fees, net of accumulated amortization of $2,327 and $496 3,558 5,159
Deferred tax asset 1,321 1,020
Total other long-term assets 39,300 46,713
Total assets 154,287 162,725
Current liabilities    
Accounts payable 2,661 2,532
Income taxes payable   7
Accrued player club points and progressive jackpots 1,999 2,378
Accrued payroll and related 3,276 4,107
Other accrued expenses 3,139 3,808
Deferred tax liability 66  
Current portion of capital lease obligation 736  
Current portion of long-term debt   2,500
Total current liabilities 11,877 15,332
Long-term debt, net of current portion 57,500 66,250
Deferred tax liability 113 10
Capital lease obligation, net of current portion 6,983  
Total liabilities 76,473 81,592
Stockholders' equity    
Common stock, $.0001 par value, 100,000,000 shares authorized; 20,107,276 and 20,036,276 shares issued 2 2
Additional paid-in capital 45,350 44,707
Treasury stock, 1,356,595 common shares (1,654) (1,654)
Retained earnings 34,116 38,078
Total stockholders' equity 77,814 81,133
Total liabilities and stockholders' equity $ 154,287 $ 162,725