Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

v3.6.0.2
SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
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, 2016 and 2015 and include a reconciliation of Adjusted Property EBITDA to operating income (loss) and net income (loss):

For the year ended December 31, 2016
(In thousands)
 
 
 
 
 
 
 
Silver Slipper
Casino & Hotel
 
Bronco Billy's Casino & Hotel
 
Rising Star
Casino Resort
 
Northern Nevada
 
Corporate
 
Consolidated
Revenues, net
$
59,093

 
$
16,220

 
$
49,472

 
$
21,207

 
$

 
$
145,992

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Property EBITDA
$
9,994

 
$
3,423

 
$
2,931

 
$
3,941

 
$

 
$
20,289

 
 
 
 
 
 
 
 
 
 
 
 
Other operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
3,308

 
1,215

 
2,645

 
746

 
14

 
7,928

Loss on asset disposals, net
32

 
8

 
9

 
295

 

 
344

Corporate expenses

 

 

 

 
4,105

 
4,105

Project development and acquisition costs

 

 

 

 
1,314

 
1,314

Stock compensation

 

 

 

 
409

 
409

Operating income (loss)
6,654

 
2,200

 
277

 
2,900

 
(5,842
)
 
6,189

Non-operating expense (income):
 
 
 
 
 
 
 
 
 
 
 
Interest expense
18

 

 
208

 

 
9,260

 
9,486

Debt modification costs

 

 

 

 
624

 
624

Adjustment to fair value of warrants and other

 

 

 

 
543

 
543

Non-operating expense
18

 

 
208

 

 
10,427

 
10,653

Income (loss) before income taxes
6,636

 
2,200

 
69

 
2,900

 
(16,269
)
 
(4,464
)
Provision for income taxes
402

 
209

 

 

 
19

 
630

Net income (loss)
$
6,234

 
$
1,991

 
$
69

 
$
2,900

 
$
(16,288
)
 
$
(5,094
)



For the year ended December 31, 2015
(In thousands)
 
 
 
 
 
 
 
Silver Slipper
Casino & Hotel
 
Bronco Billy's Casino & Hotel
 
Rising Star
Casino Resort
 
Northern Nevada
 
Corporate
 
Consolidated
Revenues, net
$
56,836

 
$

 
$
47,557

 
$
20,038

 
$

 
$
124,431

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Property EBITDA
$
9,925

 
$

 
$
4,005

 
$
3,877

 
$

 
$
17,807

 
 
 
 
 
 
 
 
 
 
 
 
Other operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
4,383

 

 
2,714

 
781

 
15

 
7,893

Write-offs, recoveries and asset disposals
3

 

 

 
80

 
(446
)
 
(363
)
Pre-opening costs
156

 

 

 

 

 
156

Corporate expenses

 

 

 

 
3,843

 
3,843

Project development and acquisition costs

 

 

 

 
891

 
891

Stock compensation

 

 

 

 
343

 
343

Operating income (loss)
5,383

 

 
1,291

 
3,016

 
(4,646
)
 
5,044

Non-operating expense (income):
 
 
 
 
 
 
 
 
 
 
 
Interest expense
18

 

 
179

 

 
6,518

 
6,715

Other

 

 
(11
)
 

 
(1
)
 
(12
)
Non-operating expense
18

 

 
168

 

 
6,517

 
6,703

Income (loss) before income taxes
5,365

 

 
1,123

 
3,016

 
(11,163
)
 
(1,659
)
Provision (benefit) for income taxes
307

 

 
(343
)
 
(168
)
 
(138
)
 
(342
)
Net income (loss)
$
5,058

 
$

 
$
1,466

 
$
3,184

 
$
(11,025
)
 
$
(1,317
)


Selected balance sheet data as of December 31, 2016 and 2015 is as follows:
At December 31, 2016 (In thousands)
 
 
 
 
 
 
 
 
Silver Slipper Casino and Hotel
 
Bronco Billy's Casino and Hotel
 
Rising Star
Casino
Resort
 
Northern Nevada
 
Corporate
 
 
Consolidated
Total assets
$
79,975

 
$
36,732

 
$
36,444

 
$
12,722

 
$
11,375

 
$
177,248

Property and equipment, net
58,856

 
16,020

 
29,819

 
6,202

 
568

 
111,465

Goodwill
14,671

 
4,806

 

 
1,809

 

 
21,286

 
At December 31, 2015 (In thousands)
 
 
 
 
 
 
 
 
Silver Slipper Casino and Hotel
 
Bronco Billy's Casino and Hotel
 
Rising Star
Casino
Resort
 
Northern Nevada
 
Corporate
 
 
Consolidated
Total assets
$
82,621

 
$

 
$
37,141

 
$
12,105

 
$
9,600

 
$
141,467

Property and equipment, net
61,150

 

 
31,391

 
6,098

 
343

 
98,982

Goodwill
14,671

 

 

 
1,809

 

 
16,480