Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2015 |
Sep. 28, 2014 |
Sep. 30, 2015 |
Sep. 28, 2014 |
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Revenues | ||||
Casino Revenue | $ 52,336,000 | $ 12,072,000 | $ 74,746,000 | $ 33,460,000 |
Food and beverage | 9,230,000 | 1,835,000 | 12,320,000 | 4,660,000 |
Rooms | 2,141,000 | 1,940,000 | 5,010,000 | 4,884,000 |
Other operating | 1,873,000 | 873,000 | 3,061,000 | 1,913,000 |
Gross revenues | 65,580,000 | 16,720,000 | 95,137,000 | 44,917,000 |
Less: Promotional allowances | (3,068,000) | (790,000) | (4,530,000) | (2,570,000) |
Net revenues | 62,512,000 | 15,930,000 | 90,607,000 | 42,347,000 |
Expenses | ||||
Gaming | 35,661,000 | 6,841,000 | 48,284,000 | 19,208,000 |
Food and beverage | 6,824,000 | 1,366,000 | 9,143,000 | 3,589,000 |
Rooms | 270,000 | 226,000 | 643,000 | 509,000 |
Other operating | 813,000 | 470,000 | 1,555,000 | 1,131,000 |
Selling, general and administrative | 12,134,000 | $ 5,455,000 | 22,542,000 | $ 16,918,000 |
Merger expenses | $ 9,325,000 | 10,591,000 | ||
Gain on sale of cost method investment | $ (750,000) | $ (1,000,000) | ||
Charges related to arbitration award | $ 2,530,000 | 2,530,000 | ||
Impairments and other losses | $ 20,997,000 | $ 682,000 | $ 20,997,000 | |
Preopening expenses | $ 129,000 | $ 129,000 | ||
Gain on sale of land | $ (66,000) | $ (66,000) | ||
Loss on disposal of property and equipment | $ 8,000 | 37,000 | $ 6,000 | 61,000 |
Depreciation and amortization | 5,100,000 | 896,000 | 6,859,000 | 2,613,000 |
Total expenses | 70,264,000 | 38,752,000 | 99,684,000 | 66,490,000 |
Loss from operations | (7,752,000) | (22,822,000) | (9,077,000) | (24,143,000) |
Other income (expense) | ||||
Interest expense, net | (980,000) | $ (258,000) | (1,423,000) | $ (813,000) |
Loss on extinguishment of debt | (1,174,000) | (1,174,000) | ||
Other, net | 50,000 | $ 4,000 | 86,000 | $ 169,000 |
Total other expense | (2,104,000) | (254,000) | (2,511,000) | (644,000) |
Loss before income taxes | (9,856,000) | $ (23,076,000) | (11,588,000) | (24,787,000) |
Benefit for income taxes | 12,874,000 | 12,702,000 | 0 | |
Net income (loss) | 3,018,000 | $ (23,076,000) | 1,114,000 | (24,787,000) |
Other comprehensive income (loss) | 20,000 | (3,000) | 22,000 | (2,000) |
Comprehensive income (loss) | $ 3,038,000 | $ (23,079,000) | $ 1,136,000 | $ (24,789,000) |
Weighted-average common shares outstanding | ||||
Basic (in shares) | 18,821 | 13,389 | 15,240 | 13,376 |
Dilutive impact of stock options (in shares) | 241 | 213 | ||
Diluted (in shares) | 19,062 | 13,389 | 15,453 | 13,376 |
Net income (loss) per share | ||||
Basic (in dollars per share) | $ 0.16 | $ (1.72) | $ 0.07 | $ (1.85) |
Diluted (in dollars per share) | $ 0.16 | $ (1.72) | $ 0.07 | $ (1.85) |
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- Definition Amount of gain (loss) on the sale or disposal of land classified as held for sale. No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related costs which have been expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the cost of generating revenues from a hotel's, including cruise lines, gaming operations; likewise, such revenues may be derived from gaming operations that also are hoteliers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenues generated by casino operations. Also includes revenues generated by and derived from a hotel's, including cruise lines, gaming operations; likewise, such revenues may be derived from gaming operations that also are hoteliers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the gain (loss) realized during the period from the sale of investments accounted for under the cost method of accounting and any losses recognized thereon for impairments of other than a temporary nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cost related to generating revenue from the sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue from sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity's normal claims settlement process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating occupancy revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue derived from the provision of short term lodging; it does not apply to lease or rental income. Includes hotel rooms, cruise revenue, and other revenue related to lodgings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Other revenue generated from managing and operating hotels, not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the estimated retail value of accommodations, food and beverage, and other services furnished to guests without charge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Income before income taxes for oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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