Segment Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Information

Note 17 – Segment Information   

During the third quarter of 2015, the Company redefined its reportable segments to reflect the change in its business following the Merger. As a result of the Merger, the Company now conducts its business through two reportable operating segments: Distributed Gaming and Casinos. Prior to the Merger, the Company conducted its business through the following two segments: Rocky Gap and Other. Prior period information has been recast to reflect the new segment structure and present comparative year-over-year results.

The Company’s Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area. The Company’s Casinos segment includes results of operations and assets related to Rocky Gap in Flintstone, Maryland and its three casino properties in Pahrump, Nevada. The Corporate and Other segment includes the Company’s cash and cash equivalents, miscellaneous receivables and corporate overhead, as well as historical results of operations and assets related to the Company’s former Indian Casino Projects segment. Costs recorded in the Corporate and Other segment have not been allocated to the Company’s reportable operating segments because these costs are not easily allocable and to do so would not be practical. Amounts in the Eliminations column represent the intercompany management fee for Rocky Gap.

	Year Ended December 31, 2016
	Distributed Gaming			Casinos			Corporate and Other			Eliminations			Consolidated
	(In thousands)
Net Revenues	$	305,792		$	97,132		$	280		$	—		$	403,204
Adjusted EBITDA		43,555			23,571			(18,531	)		—			48,595
Share-based compensation		—			—			(3,878	)		—			(3,878	)
Depreciation and amortization		(18,889	)		(7,351	)		(1,266	)		—			(27,506	)
Other operating items, net		(2,139	)		(94	)		(1,943	)		—			(4,176	)
Income (loss) from operations		22,527			16,126			(25,618	)		—			13,035
Non-operating income (expense
Interest expense, net		(144	)		(9	)		(6,301	)		—			(6,454	)
Gain on sale of land held for sale		—			—			4,525			—			4,525
Other, net		—			—			869			—			869
Total non-operating expense, net		(144	)		(9	)		(907	)		—			(1,060	)
Income (loss) before income tax benefit (provision)		22,383			16,117			(26,525	)		—			11,975
Income tax benefit (provision)		(60	)		—			4,385			—			4,325
Net income (loss)	$	22,323		$	16,117		$	(22,140	)	$	—		$	16,300
Total assets	$	294,822		$	108,418		$	69,236		$	(53,398	)	$	419,078
Capital Expenditures	$	17,730		$	10,267		$	2,637		$	—		$	30,634

	Year Ended December 31, 2015
	Distributed Gaming			Casinos			Corporate and Other			Eliminations			Consolidated
	(In thousands)
Net Revenues	$	103,610		$	73,245		$	1,985		$	(1,798	)	$	177,042
Adjusted EBITDA		14,254			14,390			(10,370	)		—			18,274
Merger expenses		—			—			(11,525	)		—			(11,525	)
Disposition of notes receivable		—			—			23,590			—			23,590
Share-based compensation		—			—			(809	)		—			(809	)
Depreciation and amortization		(5,315	)		(4,928	)		(555	)		—			(10,798	)
Other operating items, net		(380	)		(8	)		19			—			(369	)
Income (loss) from operations		8,559			9,454			350			—			18,363
Non-operating income (expense
Interest expense, net		(68	)		(626	)		(2,034	)		—			(2,728	)
Loss on extinguishment of debt		—			(1,174	)		—			—			(1,174	)
Other, net		1			(1,798	)		1,887			—			90
Total non-operating expense, net		(67	)		(3,598	)		(147	)		—			(3,812	)
Income (loss) before income tax benefit (provision)		8,492			5,856			203			—			14,551
Income tax benefit (provision)		—			—			9,969			—			9,969
Net income (loss)	$	8,492		$	5,856		$	10,172		$	—		$	24,520
Total assets	$	221,596		$	112,962		$	44,226		$	—		$	378,784
Capital Expenditures	$	4,595		$	2,594		$	757		$	—		$	7,946

	Year Ended December 28, 2014
	Distributed Gaming		Casinos			Corporate and Other			Eliminations			Consolidated
	(In thousands)
Net Revenues	$	—	$	55,021		$	1,722		$	(1,571	)	$	55,172
Adjusted EBITDA		—		8,086			(6,643	)		—			1,443
Impairments and other losses		—		—			(20,997	)		—			(20,997	)
Depreciation and amortization		—		(3,283	)		(230	)		—			(3,513	)
Other operating items, net		—		(1,571	)		687			—			(884	)
Income (loss) from operations		—		3,232			(27,183	)		—			(23,951	)
Non-operating income (expense
Interest expense, net		—		—			(1,058	)		—			(1,058	)
Other, net		—		—			164			—			164
Total non-operating expense, net		—		—			(894	)		—			(894	)
Income (loss) before income tax benefit (provision)		—		3,232			(28,077	)		—			(24,845	)
Income tax benefit (provision)		—		—			—			—			—
Net income (loss)	$	—	$	3,232		$	(28,077	)	$	—		$	(24,845	)
Total assets	$	—	$	35,688		$	86,341		$	—		$	122,029
Capital Expenditures	$	—	$	4,345		$	171		$	—		$	4,516

(1) Capital expenditures in the Distributed Gaming segment exclude non-cash purchases of property and equipment of approximately $0.7 million and $2.8 million for the years ended December 31, 2016 and 2015, respectively.