| SEGMENT REPORTING |
14. SEGMENT REPORTING
The following tables reflect selected information for our reporting segments for the years ended December 31, 2014 and 2013, respectively. The casino operation segments include the Silver Slipper Casino’s operation in Bay St. Louis, Mississippi, Rising Star Casino Resort’s operation in Rising Sun, Indiana, the Grand Lodge Casino’s operation in Incline Village, Nevada and Stockman’s Casino operation in Fallon, Nevada. We have included regional information for segment reporting and aggregated casino operations in the same region. The Development/Management segment includes costs associated with casino development and management projects, including our management contract with the Pueblo of Pojoaque which expired in September 2014. The Corporate segment includes board and executive transition costs, and selling, general and administrative expenses.
Selected statement of operations data for 2014 and 2013, respectively, is as follows (in thousands):
|
2014
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
| |
|
Northern
Nevada
|
|
|
Rising Star
Casino Resort
|
|
|
Silver Slipper
Casino
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenues, net
|
|
$ |
21,222 |
|
|
$ |
51,110 |
|
|
$ |
48,023 |
|
|
$ |
1,066 |
|
|
$ |
-- |
|
|
$ |
121,421 |
|
|
Board and executive transition costs
|
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
|
|
2,741 |
|
|
|
2,741 |
|
|
Selling, general and administrative expense
|
|
|
5,697 |
|
|
|
16,677 |
|
|
|
16,661 |
|
|
|
-- |
|
|
|
4,907 |
|
|
|
43,942 |
|
|
Depreciation and amortization
|
|
|
857 |
|
|
|
2,997 |
|
|
|
5,312 |
|
|
|
-- |
|
|
|
17 |
|
|
|
9,183 |
|
|
Impairment charges
|
|
|
-- |
|
|
|
11,547 |
|
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
|
|
11,547 |
|
|
Operating income (loss)
|
|
|
3,609 |
|
|
|
(12,742 |
) |
|
|
2,189 |
|
|
|
771 |
|
|
|
(7,665 |
) |
|
|
(13,838 |
) |
|
Interest expense, net of amounts capitalized
|
|
|
-- |
|
|
|
203 |
|
|
|
12 |
|
|
|
-- |
|
|
|
6,057 |
|
|
|
6,272 |
|
|
Net (loss) income
|
|
|
3,364 |
|
|
|
(12,448 |
) |
|
|
1,939 |
|
|
|
(375 |
) |
|
|
(13,325 |
) |
|
|
(20,845 |
) |
|
2013
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
Northern
Nevada
|
|
|
Rising Star
Casino Resort
|
|
|
Silver Slipper
Casino
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenues, net
|
|
$ |
22,273 |
|
|
$ |
69,147 |
|
|
$ |
51,629 |
|
|
$ |
1,678 |
|
|
$ |
-- |
|
|
$ |
144,727 |
|
|
Selling, general and administrative expense
|
|
|
6,027 |
|
|
|
20,877 |
|
|
|
18,217 |
|
|
|
-- |
|
|
|
5,326 |
|
|
|
50,447 |
|
|
Depreciation and amortization
|
|
|
748 |
|
|
|
3,032 |
|
|
|
5,595 |
|
|
|
-- |
|
|
|
13 |
|
|
|
9,388 |
|
|
Impairment charges
|
|
|
4,000 |
|
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
|
|
4,000 |
|
|
Operating income (loss)
|
|
|
334 |
|
|
|
2,393 |
|
|
|
3,936 |
|
|
|
1,612 |
|
|
|
(5,339 |
) |
|
|
2,936 |
|
|
Interest expense, net of amounts capitalized
|
|
|
-- |
|
|
|
26 |
|
|
|
-- |
|
|
|
-- |
|
|
|
7,242 |
|
|
|
7,268 |
|
|
Net income (loss) attributable to Company
|
|
|
213 |
|
|
|
979 |
|
|
|
2,508 |
|
|
|
(348 |
) |
|
|
(7,314 |
) |
|
|
(3,962 |
) |
Selected balance sheet data as of December 31, 2014 and 2013 is as follows (in thousands):
|
2014
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
| |
|
Northern
Nevada
|
|
|
Rising Star
Casino
Resort
|
|
|
Silver Slipper
Casino
|
|
|
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 |
|
|
2013
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Casino Operations
|
|
|
|
|
|
|
|
|
|
|
| |
|
Northern
Nevada
|
|
|
Rising Star
Casino
Resort
|
|
|
Silver Slipper
Casino
|
|
|
Development/
Management
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Total assets
|
|
$ |
13,838 |
|
|
$ |
55,523 |
|
|
$ |
71,662 |
|
|
$ |
59 |
|
|
$ |
13,205 |
|
|
$ |
154,287 |
|
|
Property, equipment and capital lease, net
|
|
|
7,352 |
|
|
|
36,427 |
|
|
|
47,338 |
|
|
|
-- |
|
|
|
51 |
|
|
|
91,168 |
|
|
Goodwill
|
|
|
1,809 |
|
|
|
1,647 |
|
|
|
14,671 |
|
|
|
-- |
|
|
|
-- |
|
|
|
18,127 |
|
|
Liabilities
|
|
|
2,056 |
|
|
|
12,718 |
|
|
|
3,559 |
|
|
|
-- |
|
|
|
58,140 |
|
|
|
76,473 |
|
|