XML 36 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The Company utilizes Adjusted EBITDAM as the primary measure of each of its properties’ performance. The Company’s segment information and a reconciliation of Adjusted EBITDAM to income from continuing operations is presented below:
 
Three Months Ended March 31,
 
2016
 
2015
Net revenues
 
 
 
Las Vegas operations
$
331,458

 
$
321,499

Native American management
26,487

 
19,786

Reportable segment net revenues
357,945

 
341,285

Corporate and other
1,302

 
1,484

Net revenues
$
359,247

 
$
342,769

 
 
 
 
Adjusted EBITDAM (a)
 
 
 
Las Vegas operations
$
119,010

 
$
111,249

Native American management
20,432

 
14,403

Reportable segment Adjusted EBITDAM
139,442

 
125,652

Corporate and other
(1,364
)
 
(1,021
)
Adjusted EBITDAM
138,078

 
124,631

 
 
 
 
Other operating (expense) income
 
 
 
Preopening
(348
)
 
(128
)
Depreciation and amortization
(39,018
)
 
(35,157
)
Management fee expense
(14,588
)
 
(13,592
)
Share-based compensation
(413
)
 
(694
)
Write-downs and other charges, net
(2,364
)
 
(3,013
)
Adjusted EBITDAM attributable to MPM noncontrolling interest
4,121

 
3,664

Operating income and earnings from joint ventures
85,468

 
75,711

Other expense
 
 
 
Interest expense, net
(34,282
)
 
(36,295
)
Change in fair value of derivative instruments
(3
)
 
(3
)
Income from continuing operations
$
51,183

 
$
39,413

 
 
 
 
____________________________________

(a)
Adjusted EBITDAM includes income from continuing operations plus interest expense, net, depreciation and amortization, preopening, management fee expense, share-based compensation, write-downs and other charges, net, and change in fair value of derivative instruments, and excludes Adjusted EBITDAM attributable to the noncontrolling interests of MPM.