cphc_Current_Folio

Purse Enhancement Payments to

Marketing Payments to

Horsemen (1)

Canterbury Park

0001672909-20-000016.txt : 20200513 0001672909-20-000016.hdr.sgml : 20200513 20200513121452 ACCESSION NUMBER: 0001672909-20-000016 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 63 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200513 DATE AS OF CHANGE: 20200513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Canterbury Park Holding Corp CENTRAL INDEX KEY: 0001672909 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-RACING, INCLUDING TRACK OPERATION [7948] IRS NUMBER: 475349765 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-37858 FILM NUMBER: 20871838 BUSINESS ADDRESS: STREET 1: 1100 CANTERBURY ROAD S. CITY: SHAKOPEE STATE: MN ZIP: 55379 BUSINESS PHONE: (952) 445-7223 MAIL ADDRESS: STREET 1: 1100 CANTERBURY ROAD S. CITY: SHAKOPEE STATE: MN ZIP: 55379 FORMER COMPANY: FORMER CONFORMED NAME: New Canterbury Park Holding Corp DATE OF NAME CHANGE: 20160422 10-Q 1 cphc-20200331x10q.htm 10-Q cphc_Current_Folio_10Q

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2020.

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO _____.

Commission File Number: 001‑37858

CANTERBURY PARK HOLDING CORPORATION

(Exact Name of Registrant as Specified in Its Charter)


Minnesota		47‑5349765
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

	1100 Canterbury Road
	Shakopee, MN 55379

(Address of principal executive offices and zip code)

Securities registered pursuant Section 12(b) of the Act:


Title of Each Class	Trading Symbol	Name of each exchange on which registered
Common Stock Common stock, $.01 par value	CPHC	Nasdaq

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.


	YES	☒		NO	☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).


	YES	☒		NO	☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b‑2 of the Exchange Act.


Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b‑2).


	YES	☐		NO	☒

The Company had 4,694,138 shares of common stock, $.01 par value, outstanding as of May 1, 2020.

Table of Contents

Canterbury Park Holding Corporation

INDEX

			Page

PART I.	FINANCIAL INFORMATION

	Item 1.	Financial Statements (unaudited)

		Condensed Consolidated Balance Sheets as of March 31, 2020 and December 31, 2019	2

		Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2020 and 2019	3

		Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2020 and 2019	4

		Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2020 and 2019	5

		Notes to Condensed Consolidated Financial Statements	6

	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	17

	Item 3.	Quantitative and Qualitative Disclosures about Market Risk	25

	Item 4.	Controls and Procedures	25

PART II.	OTHER INFORMATION

	Item 1.	Legal Proceedings	25

	Item 1A.	Risk Factors	25

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	25

	Item 3.	Defaults Upon Senior Securities	25

	Item 4.	Mine Safety Disclosures	26

	Item 5.	Other Information	26

	Item 6.	Exhibits	27

	Signatures		27

Table of Contents

PART 1 – FINANCIAL INFORMATION

CANTERBURY PARK HOLDING CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS


	(Unaudited)
	March 31,		December 31,
	2020		2019
ASSETS

CURRENT ASSETS
Cash and cash equivalents	$	—	$	355,399
Restricted cash		3,081,073		2,308,955
Short-term investments		—		103,886
Accounts receivable, net of allowance of $19,250 for both periods		364,353		302,037
Inventory		288,878		390,118
Prepaid expenses		528,000		501,493
Income taxes receivable		88,075		—
Total current assets		4,350,379		3,961,888

LONG-TERM ASSETS
Deposits		49,500		49,500
Restricted cash - long-term portion		—		1,262,744
TIF receivable		9,857,413		9,708,856
Related party receivable		3,533,829		3,528,927
Operating lease right-of-use assets		72,911		74,832
Equity investment		2,992,633		2,992,633
Land, buildings and equipment, net		44,241,167		43,833,702
TOTAL ASSETS	$	65,097,832	$	65,413,082

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES
Accounts payable		4,754,400		3,495,238
Card Casino accruals		1,655,005		2,167,056
Accrued wages and payroll taxes		890,059		2,254,379
Cash dividend payable		—		324,439
Accrued property taxes		1,274,571		1,019,658
Deferred revenue		1,354,821		1,482,130
Payable to horsepersons		448,175		557,696
Current portion of finance lease obligations		24,807		24,500
Current portion of operating lease obligations		27,855		29,776
Income taxes payable		—		120,960
Total current liabilities		10,429,693		11,475,832

LONG-TERM LIABILITIES
Deferred income taxes		4,663,500		4,404,300
Finance lease obligations, net of current portion		65,466		71,784
Operating lease obligations, net of current portion		45,056		45,056
Total long-term liabilities		4,774,022		4,521,140
TOTAL LIABILITIES		15,203,715		15,996,972

STOCKHOLDERS’ EQUITY
Common stock, $.01 par value, 10,000,000 shares authorized, 4,694,138 and 4,644,522 respectively, shares issued and outstanding		46,941		46,445
Additional paid-in capital		23,035,735		22,733,933
Retained earnings		26,811,441		26,635,732
Total stockholders’ equity		49,894,117		49,416,110
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	65,097,832	$	65,413,082

See notes to condensed consolidated financial statements.

Table of Contents

CANTERBURY PARK HOLDING CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)


	Three Months Ended March 31,
	2020		2019
OPERATING REVENUES:
Pari-mutuel	$	1,296,026	$	1,490,809
Card Casino		7,561,172		7,899,964
Food and beverage		1,118,995		1,352,801
Other		972,766		847,224
Total Net Revenues		10,948,959		11,590,798

OPERATING EXPENSES:
Purse expense		1,103,394		1,395,538
Minnesota Breeders’ Fund		189,744		217,695
Other pari-mutuel expenses		220,849		268,366
Salaries and benefits		5,577,893		5,745,287
Cost of food and beverage and other sales		564,151		625,757
Depreciation and amortization		716,853		625,520
Utilities		290,611		322,115
Advertising and marketing		183,988		190,329
Professional and Contracted Services		972,324		966,386
Loss on disposal of assets		—		113,437
Other operating expenses		987,457		1,143,129
Total Operating Expenses		10,807,264		11,613,559
INCOME (LOSS) FROM OPERATIONS		141,695		(22,761)
OTHER INCOME
Interest income, net		163,690		63,240
Net Other Income		163,690		63,240
INCOME BEFORE INCOME TAXES		305,385		40,479
INCOME TAX BENEFIT (EXPENSE)		(50,164)		16,093
NET INCOME	$	255,221	$	56,572

Basic earnings per share	$	0.05	$	0.01
Diluted earnings per share	$	0.05	$	0.01
Weighted Average Basic Shares Outstanding		4,659,579		4,559,477
Weighted Average Diluted Shares		4,662,675		4,613,245
Cash dividends declared per share	$	0.00	$	0.07

See notes to condensed consolidated financial statements.

Table of Contents

CANTERBURY PARK HOLDING CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(Unaudited)


For the three months ended March 31, 2020
	Number of	Common		Additional		Retained
	Shares	Stock		Paid-in Capital		Earnings		Total
Balance at December 31, 2019	4,644,522	$	46,445	$	22,733,933	$	26,635,732	$	49,416,110

Exercise of stock options	24,250		242		200,548		—		200,790
Other share retirements	(9,920)		(99)		(44,587)		(79,512)		(124,198)
Stock-based compensation	—		—		57,606		—		57,606
401(K) stock match	17,179		172		160,795		—		160,967
Issuance of deferred stock awards	18,107		181		(72,560)		—		(72,379)
Net Income	—		—		—		255,221		255,221

Balance at March 31, 2020	4,694,138	$	46,941	$	23,035,735	$	26,811,441	$	49,894,117


For the three months ended March 31, 2019
	Number of	Common		Additional		Retained
	Shares	Stock		Paid-in Capital		Earnings		Total
Balance at December 31, 2018	4,527,685	$	45,277	$	21,420,886	$	25,268,187	$	46,734,350

Exercise of stock options	28,060		281		172,111		—		172,392
Other share retirements	(5,863)		(59)		(27,915)		(62,023)		(89,997)
Stock-based compensation	—		—		90,058		—		90,058
Dividend distribution	—		—		—		(320,226)		(320,226)
401(K) stock match	8,111		81		116,312		—		116,393
Issuance of deferred stock awards	10,968		110		(55,044)		—		(54,934)
Shares issued under Employee Stock Purchase Plan	5,697		57		67,282		—		67,339
Net income	—		—		—		56,572		56,572

Balance at March 31, 2019	4,574,658	$	45,747	$	21,783,690	$	24,942,510	$	46,771,947

See notes to condensed consolidated financial statements.

Table of Contents

CANTERBURY PARK HOLDING CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


	Three Months Ended March 31,
	2020		2019
Operating Activities:
Net income	$	255,221	$	56,572
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		716,853		625,520
Stock-based compensation expense		57,606		90,058
Stock-based employee match contribution		160,967		116,312
Deferred income taxes		259,200		94,800
Loss from equity investment		—		2,377
Loss on disposal of assets		—		113,437
Changes in operating assets and liabilities:
Increase in accounts receivable		(67,218)		(69,385)
Decrease (increase) in other current assets		74,733		(40,457)
Increase (decrease) in income taxes receivable/payable		(645,771)		357,158
Decrease in operating lease right-of-use assets		1,921		1,939
Decrease in operating lease liabilities		(1,921)		(1,939)
Increase in accounts payable		960,781		302,777
Decrease in deferred revenue		(127,309)		(61,754)
(Decrease) increase in Card Casino accruals		(512,051)		417,322
Decrease in accrued wages and payroll taxes		(1,364,320)		(888,915)
Increase in accrued property taxes		254,913		222,443
Increase in payable to horsepersons		327,215		122,454
Net cash provided by operating activities		350,820		1,460,719

Investing Activities:
Additions to land, buildings, and equipment		(825,937)		(3,101,381)
Additions for TIF eligible improvements		(148,557)		(1,700,038)
Proceeds from sale of investments		103,886		—
Net cash used in investing activities		(870,608)		(4,801,419)

Financing Activities:
Proceeds from issuance of common stock		76,592		149,815
Payments against line of credit		(1,450,000)		—
Borrowings on line of credit		1,450,000		—
Cash dividend paid to shareholders		(324,439)		(316,938)
Payments for taxes related to net share settlement of equity awards		(72,379)		(54,934)
Principal payments on finance lease		(6,011)		(5,738)
Net cash used in financing activities		(326,237)		(227,795)

Net decrease in cash, cash equivalents, and restricted cash		(846,025)		(3,568,495)

Cash, cash equivalents, and restricted cash at beginning of period		3,927,098		11,203,998

Cash, cash equivalents, and restricted cash at end of period	$	3,081,073	$	7,635,503

Schedule of non-cash investing and financing activities
Additions to buildings and equipment funded through accounts payable	$	298,000	$	227,000
Transfer of future TIF reimbursed costs from PP&E		149,000		1,700,000
ROU assets obtained in exchange for operating lease obligations		—		15,000
Dividend declared		—		320,000

Supplemental disclosure of cash flow information:
Income taxes paid	$	—	$	—
Interest paid		11,000		2,000

See notes to condensed consolidated financial statements.

Table of Contents

CANTERBURY PARK HOLDING CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1. OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business – The Company’s Racetrack operations are conducted at facilities located in Shakopee, Minnesota, approximately 25 miles southwest of downtown Minneapolis. In May 1994, the Company commenced year-round horse racing simulcast operations and hosted the first annual live race meet during the summer of 1995. The Company’s live racing operations are a seasonal business as it typically hosts live race meets each year from May until September. The Company earns additional pari-mutuel revenue by televising its live racing to out-of-state racetracks around the country. Canterbury Park’s Card Casino typically operates 24 hours a day, seven days a week and is limited by Minnesota State law to conducting card play on a maximum of 80 tables. The Card Casino currently offers a variety of poker and table games. The Company’s three largest sources of revenues include: Card Casino operations, pari-mutuel operations and food and beverage sales. The Company also derives revenues from related services and activities, such as admissions, advertising signage, publication sales, and from other entertainment events and activities held at the Racetrack. Additionally, the Company is developing approximately 140 acres of underutilized land surrounding the Racetrack in a project known as Canterbury Commons. The Company is pursuing several mixed-use development opportunities for this land, directly and through joint ventures.

In January 2020, an outbreak of a respiratory illness caused by a new strain of coronavirus was identified. The disease has since spread rapidly across the world, causing the World Health Organization to declare the outbreak a pandemic (the “COVID-19 Pandemic”) on March 12, 2020. Since that time, measures have been taken to limit the impact of COVID-19, including shelter-in-place orders, social distancing measures, travel bans and restrictions, and business and government shutdowns.

On March 16, 2020, the Company announced that, based on the advice of Minnesota state and regulatory bodies, it was temporarily suspending all card casino, simulcast, and special events operations at Canterbury Park in response to concerns about the COVID-19 Pandemic. Canterbury Park determined this voluntary suspension of activities was in the best interest of the health and safety of its guests and team members and would provide the Company an opportunity to review and update operational best practices and strategies based on what was currently known about this public health situation and future developments.

Despite a strong start to the year, the disruptions arising from the COVID-19 Pandemic had a significant impact on the Company's financial condition and operations during the three months ended March 31, 2020. The duration and intensity of this global health emergency and related disruptions is uncertain. Given the dynamic nature of these circumstances, the impact on the Company’s consolidated results of operations, cash flows and financial condition in 2020 will be material, but cannot be reasonably estimated at this time as it is unknown when the COVID-19 Pandemic will end, when or how quickly the current travel restrictions will be modified or cease to be necessary and the resulting impact on the Company’s business and the willingness of customers to spend on entertainment.

The Company has a consolidated balance sheet with no long-term debt and an $8 million credit line that is anticipated to provide the Company with the necessary liquidity and financial flexibility to manage through this challenging operating environment. We have taken significant actions to mitigate the effects of the COVID-19 Pandemic on our operations, including initiating workforce reductions and furloughs, suspending the Company’s quarterly cash dividend, reducing working capital, postponing non-essential capital expenditures, reducing operating costs, and substantially reducing discretionary spending. We expect these countermeasures to partially mitigate the impacts of COVID-19 on our full year 2020 financial results. As the impact of the COVID-19 Pandemic on the economy and our operations evolves, we will continue to assess the impact on the Company and respond accordingly.

Table of Contents

Basis of Presentation and Preparation – The accompanying condensed consolidated financial statements include the accounts of the Company (Canterbury Park Holding Corporation and its subsidiaries Canterbury Park Entertainment, LLC; Canterbury Park Concession, Inc.; and Canterbury Development, LLC). Intercompany accounts and transactions have been eliminated. The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.

These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2019, included in its Annual Report on Form 10‑K (the “2019 Form 10‑K”).

The condensed consolidated balance sheets and the related condensed consolidated statements of operations, stockholders’ equity, and the cash flows for the periods ended March 31, 2020 and 2019 have been prepared by Company management. In the opinion of management, all adjustments (which include only normal recurring adjustments, except where noted) necessary to present fairly the financial position, results of operations, statement of stockholders’ equity, and cash flows at March 31, 2020 and 2019 and for the periods then ended have been made.

Summary of Significant Accounting Policies – A detailed description of our significant accounting policies can be found in our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. There were no material changes in significant accounting policies during the quarter ended March 31, 2020.

Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means. Restricted cash also includes a deposit related to its development operations. The Company deposited $1.2 million with a bank in December 2018 to assist Doran Canterbury I to complete financing for a construction loan. On May 1, 2020, the bank released the deposit back to the Company. Therefore, the Company classified this as short term restricted cash on its Condensed Consolidated Balance Sheet.

Deferred Revenue – Deferred revenue includes advance sales related to racing, events and corporate partnerships. Revenue from these advance billings is recognized when the related event occurs or services have been performed. Deferred revenue also includes advanced Cooperative Marketing Agreement (“CMA”) promotional funds, for which revenue is recognized when expenses are incurred.

Payable to Horsepersons - The Minnesota Pari-mutuel Horse Racing Act requires the Company to segregate a portion of funds (recorded as purse expense in the statements of operations) received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ association. Pursuant to an agreement with the Minnesota Horsemen’s Benevolent and Protective Association (“MHBPA”), the Company transferred into a trust account or paid directly to the MHBPA, $1,185,000 and $1,260,000 for the three months ended March 31, 2020 and 2019, respectively, related to thoroughbred races. Minnesota Statutes provide that amounts transferred into the trust account are the property of the trust and not of the Company, and therefore these amounts are not recorded on the Company’s Condensed Consolidated Balance Sheet.

Checks Written in Excess of Cash Balance – For the three months ended March 31, 2020, the Company included $945,000 of checks written in excess of cash balance within accounts payable on the Condensed Consolidated Balance Sheet. There were no checks written in excess of cash balance as of December 31, 2019.

Table of Contents

Revenue Recognition – The Company’s primary revenues with customers consist of Card Casino operations, pari-mutuel wagering on simulcast and live horse races, and food and beverage transactions. We determine revenue recognition through the following steps:

 Identification of the contract, or contracts, with a customer

 Identification of the performance obligations in the contract

 Determination of the transaction price

 Allocation of the transaction price to the performance obligation in the contract

 Recognition of revenue when, or as, we satisfy a performance obligation

The transaction price for a Card Casino contract is a set percentage of wagers and is recognized at the time that the wagering process is complete. The transaction price for pari-mutuel wagering is the commission received on a wager, exclusive of any track fees and is recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body. The transaction price for food and beverage contracts is the net amount collected from the customer for these goods. Food and beverage services have been determined to be separate, stand-alone performance obligations and the transaction price is recorded as revenue as the good is transferred to the customer when delivery is made.

Contracts for Card Casino operations and pari-mutuel wagering involve two performance obligations for those customers earning points under the Company’s loyalty program and a single performance obligation for customers who do not participate in the program. The Company applies a practical expedient by accounting for its gaming contracts on a portfolio basis as these wagers have similar characteristics and the Company reasonably expects the effects on the financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from what would result if the guidance were applied on an individual wagering contract. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with the loyalty points earned, the Company allocates an amount to the loyalty point contract liability based on the stand-alone redemption value of the points earned, which is determined by the value of a point that can be redeemed for a cash voucher, food and beverage voucher, racing admission, valet parking, or racing forms. Based on past experience, the majority of customers redeem their points for cash vouchers. Therefore, there are no further performance obligations by the Company.

We have two general types of liabilities related to contracts with customers: (1) our MVP Loyalty Program and (2) outstanding chip liability. These are included in the line item Card Casino accruals on the consolidated balance sheet. We defer the full retail value of these complimentary reward items until the future revenue transaction occurs.

The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program.

We evaluate our on-track revenue, export revenue, and import revenue contracts to determine whether we are acting as the principal or as the agent when providing services, which we consider in determining if revenue should be reported gross or net. An entity is a principal if it controls the specified service before that service is transferred to a customer.

The revenue we recognize for on-track revenue and import revenue is the commission we are entitled to retain for providing a wagering service to our customers. For these arrangements, we are the principal as we control the wagering service; therefore, any charges, including simulcast fees, we incur for delivering the wagering service are presented as operating expenses.

For export revenue, our customer is the third party wagering site such as a racetrack, OTB, or advance deposit wagering provider. Therefore, the revenue we recognize for export revenue is the simulcast host fee we earn for exporting our racing signal to the third party wagering site.

Table of Contents

2. STOCK-BASED COMPENSATION

Long Term Incentive Plan and Award of Deferred Stock

The Long Term Incentive Plan (the “LTI Plan”) authorizes the grant of Long Term Incentive Awards that provide an opportunity to Named Executive Officers (“NEOs”) and other Senior Executives to receive a payment in cash or shares of the Company’s common stock to the extent of achievement at the end of a period greater than one year (the “Performance Period”) as compared to Performance Goals established at the beginning of the Performance Period. Currently, there are two awards outstanding that are for three-year periods ending December 31, 2020 and 2021. As a result of the COVID-19 Pandemic, the Company has temporarily suspended its LTI Plan until there is more certainty about the Company’s reopening and future operations.

Board of Directors Stock Option, Deferred Stock Awards, and Restricted Stock Grants

The Company’s Stock Plan currently authorizes annual grants of restricted stock, deferred stock, stock options, or any combination of the three, to non-employee members of the Board of Directors at the time of the Company’s annual shareholders’ meeting as determined by the Board prior to each such meeting. Options granted under the Plan generally expire 10 years after the grant date. Restricted stock and deferred stock grants generally vest 100% one year after the date of the annual meeting at which they were granted, are subject to restrictions on resale for an additional year, and are subject to forfeiture if a board member terminates his or her board service prior to the shares vesting. The Board of Directors’ unvested deferred stock awards as of March 31, 2020 consisted of 12,604 shares with a weighted average fair value per share of $12.69. There were no unvested restricted stock or stock options outstanding at March 31, 2020.

Stock-based compensation expense related to the LTI Plan, deferred stock awards and restricted stock awards is included on the Condensed Consolidated Statements of Operations and totaled $58,000 and $90,000 for the three months ended March 31, 2020 and 2019, respectively.

Employee Stock Option Grants

The Company has granted incentive stock options to employees pursuant to the Company’s Stock Plan with an exercise price equal to the market price on the date of grant. The options vest over a 42‑month period and expire in 10 years.

A summary of stock option activity as of March 31, 2020 and changes during the three months then ended is presented below:


				Weighted
		Weighted		Average
		Average		Remaining		Aggregate
	Number of	Exercise		Contractual		Grant Date
Stock Options	Options	Price		Term		Fair Value

Outstanding at January 1, 2020	33,250	$	9.64
Granted	-		-
Exercised	(24,250)		8.28
Expired/Forfeited	-		-
Outstanding at March 31, 2020	9,000	$	13.30		0.8 Years	$	119,700

Exercisable at March 31, 2020	9,000	$	13.30		0.8 Years	$	119,700

Table of Contents

3. NET INCOME PER SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the earnings per common share computations for the three months ended March 31, 2020 and 2019:


	Three Months Ended March 31,
	2020		2019
Net income (numerator) amounts used for basic and diluted per share computations:	$	255,221	$	56,572

Weighted average shares (denominator) of common stock outstanding:
Basic		4,659,579		4,559,477
Plus dilutive effect of stock options		3,096		53,768
Diluted		4,662,675		4,613,245

Net income per common share:
Basic	$	0.05	$	0.01
Diluted		0.05		0.01

Options to purchase 9,000 shares of common stock at an average price of $13.30 per share were outstanding but not included in the computation of diluted net income per share for the three months ended March 31, 2020 because the exercise price of the options exceeded the market price of the Company’s common stock at March 31, 2020.

There were no out-of-the money options at March 31, 2019; thus, all outstanding options to purchase shares of common stock were included in the computation of diluted net income per share.

4. GENERAL CREDIT AGREEMENT

The Company has a general credit and security agreement with a financial institution, which provides a revolving credit line up to $8,000,000 and allows for letters of credit in the aggregate amount of up to $2,000,000 to be issued under the credit agreement. The line of credit is collateralized by all receivables, inventory, equipment, and general intangibles of the Company. This agreement was amended as of September 30, 2019 to extend the maturity date to September 30, 2020. As of March 31, 2020, the outstanding balance on the line of credit was $0.

5. OPERATING SEGMENTS

The Company has four reportable operating segments: horse racing, Card Casino, food and beverage, and development. The horse racing segment primarily represents simulcast and live horse racing operations. The Card Casino segment represents operations of Canterbury Park’s Card Casino, the food and beverage segment represents food and beverage operations provided during simulcast and live racing, in the Card Casino, and during special events. The development segment represents our real estate development operations. The Company’s reportable operating segments are strategic business units that offer different products and services. They are managed separately because the segments differ in the nature of the products and services provided as well as process to produce those products and services. The Minnesota Racing Commission regulates the horse racing and Card Casino segments.

Depreciation, interest and income taxes are allocated to the segments, but no allocation is made to the food and beverage segment for shared facilities. However, the food and beverage segment pays approximately 25% of gross revenues earned on live racing and special event days to the horse racing segment for use of the facilities.

Table of Contents

The following tables represent a disaggregation of revenues from contracts with customers along with the Company’s operating segments (in 000’s):


	Three Months Ended March 31, 2020
	Horse Racing		Card Casino		Food and Beverage		Development		Total
Net revenues from external customers	$	2,197	$	7,561	$	1,182	$	9	$	10,949
Intersegment revenues		70		—		262		—		332
Net interest (expense) income		(9)		—		—		173		164
Depreciation		398		261		58		—		717
Segment (loss) income before income taxes		(896)		965		(160)		74		(17)
Segment tax expense (benefit)		(94)		158		(26)		12		50

	March 31, 2020
Segment Assets	$	31,020	$	3,252	$	25,239	$	29,302	$	88,813


	Three Months Ended March 31, 2019
	Horse Racing		Card Casino		Food and Beverage		Development		Total
Net revenues from external customers	$	2,292	$	7,900	$	1,399	$	-	$	11,591
Intersegment revenues		116		-		303		-		419
Net interest income		8		-		-		55		63
Depreciation		578		4		44		-		626
Segment (loss) income before income taxes		(1,176)		1,110		(88)		(22)		(176)
Segment tax expense (benefit)		(414)		441		(35)		(8)		(16)

	December 31, 2019
Segment Assets	$	31,618	$	3,327	$	25,430	$	29,074	$	89,449

The following are reconciliations of reportable segment revenues, income before income taxes, and assets, to the Company’s consolidated totals (in 000’s):


	Three Months Ended March 31, 2020
	2020		2019
Revenues
Total net revenue for reportable segments	$	11,281	$	12,010
Elimination of intersegment revenues		(332)		(419)
Total consolidated net revenues	$	10,949	$	11,591


Income before income taxes
Total segment income before income taxes	$	(17)	$	(176)
Elimination of intersegment income before income taxes		322		216
Total consolidated income before income taxes	$	305	$	40


	March 31,		December 31,
	2020		2019
Assets
Total assets for reportable segments	$	88,813	$	89,449
Elimination of intercompany balances		(23,715)		(24,036)
Total consolidated assets	$	65,098	$	65,413

Table of Contents

6. COMMITMENTS AND CONTINGENCIES

In accordance with an Earn Out Promissory Note given to the prior owner of the Racetrack as part of the consideration paid by the Company to acquire the Racetrack in 1994, if (i) off-track betting becomes legally permissible in the State of Minnesota and (ii) the Company begins to conduct off-track betting with respect to or in connection with its operations, the Company will be required to pay to the IMR Fund, L.P. the greater of (a) $700,000 per Operating Year, as defined, or (b) 20% of the Net Pretax Profit, as defined for each of five operating years. At this time, management believes that the likelihood that these two conditions will be met and that the Company would be required to pay these amounts is remote. At the date (if any) that these two conditions are met, the five minimum payments would be discounted back to their present value and the sum of those discounted payments would be capitalized as part of the purchase price in accordance with GAAP. The purchase price will be further increased if payments become due under the “20% of Net Pretax Profit” calculation. The first payment would be due 90 days after the end of the third Operating Year in which off-track betting is conducted by the Company. Remaining payments would be made within 90 days of the end of each of the next four Operating Years.

The Company entered into a Cooperative Marketing Agreement (the “CMA”) with the Shakopee Mdewakanton Sioux Community (“SMSC”), which became effective March 4, 2012, was amended in the first quarter of each of 2015, 2016, 2017, and 2018, and will expire on December 31, 2022. The CMA contains certain covenants which, if breached, would trigger an obligation to repay a specified amount related to such covenant. At this time, management believes it unlikely that any breach of a covenant will occur, and that therefore the possibility that the Company will be required to pay the specified amount related to any covenant breach is remote.

The Company is periodically involved in various claims and legal actions arising in the normal course of business. Management believes that the resolution of any pending claims and legal actions at March 31, 2020 and as of the date of this report, will not have a material impact on the Company’s consolidated financial positions or results of operations.

In August 2018, the Company entered into a Contract for Private Redevelopment with the City of Shakopee in connection with a Tax Increment Financing District (“TIF District”). The Company is obligated to construct certain infrastructure improvements within the TIF District, and will be reimbursed by the City of Shakopee by future tax increment revenue generated from the developed property. The total amount of funding that Canterbury will be paid as reimbursement under the TIF program for these improvements is not guaranteed and will depend on future tax revenues generated from the developed property.

7. COOPERATIVE MARKETING AGREEMENT

As discussed above in Note 6, on March 4, 2012, the Company entered into the CMA with the SMSC. The primary purpose of the CMA is to increase purses paid during live horse racing at Canterbury Park’s Racetrack in order to strengthen Minnesota’s thoroughbred and quarter horse industry. Under the CMA, as amended, this is achieved through “Purse Enhancement Payments to Horsemen” paid directly to the MHBPA. These payments have no direct impact on the Company’s consolidated financial statements or operations.

Under the terms of the CMA, as amended, the SMSC made a payment of $7.4 million during the first three months of 2019, primarily for purse enhancements for the live race meet. As of the date of this filing, the SMSC has not made a payment for the 2020 live race meet.

Under the CMA, as amended, SMSC also agreed to make “Marketing Payments” to the Company relating to joint marketing efforts for the mutual benefit of the Company and SMSC, including signage, joint promotions, player benefits, and events.

In the respective first quarters of 2015, 2016, 2017, and 2018, the CMA was amended to adjust the payment amounts between the “Purse Enhancement Payments to Horsemen” and “Marketing Payments to Canterbury Park.”

Table of Contents

SMSC is currently obligated to make the following purse enhancement and marketing payments for 2021 through 2022:

1 Includes $100,000 each year payable to various horsemen associations

The amounts earned from the marketing payments are recorded as a component of other revenue and the related expenses are recorded as a component of advertising and marketing expense and depreciation in the Company’s condensed consolidated statements of operations. For the three months ended March 31, 2020, the Company recorded $68,000 in other revenue, incurred $30,000 in advertising and marketing expense, and incurred $38,000 in depreciation related to the SMSC marketing funds. For the three months ended March 31, 2019, the Company recorded $75,000 in other revenue and incurred $18,000 in advertising and marketing expense and $57,000 in depreciation related to the SMSC marketing funds.

Under the CMA, the Company agreed for the term of the CMA, which is currently scheduled to terminate on December 31, 2022, that it would not promote or lobby the Minnesota legislature for expanded gambling authority and will support the SMSC’s lobbying efforts against expanding gambling authority.

8. REAL ESTATE DEVELOPMENT

Equity Investment

On April 2, 2018, the Company’s subsidiary Canterbury Development LLC, entered into an Operating Agreement (“Operating Agreement”) with an affiliate of Doran Companies (“Doran”), a national commercial and residential real estate developer, as the two members of a Minnesota limited liability company named Doran Canterbury I, LLC (Doran Canterbury I). Doran Canterbury I was formed as part of a joint venture between Doran and Canterbury Development LLC to construct an upscale apartment complex on land adjacent to the Company’s Racetrack (the “Project”). Doran Canterbury I is developing Phase I of the Project, which will include approximately 300 units, a heated parking ramp, and a clubhouse.

On September 27, 2018, Canterbury Development LLC contributed approximately 13 acres of land as its equity contribution in the Doran Canterbury I joint venture and became a 27.4% equity member. On December 20, 2018, financing for Doran Canterbury I was secured. As the Company is able to assert significant influence, but not control, over Doran Canterbury I’s operational and financial policies, the Company accounts for the joint venture as an equity method investment.

In connection with the execution of the Amended Doran Canterbury I Agreement, on August 18, 2018, Canterbury Development LLC entered into an Operating Agreement with Doran Shakopee, LLC as the two members of a Minnesota limited liability company entitled Doran Canterbury II, LLC (“Doran Canterbury II”). Under the Doran Canterbury II Operating Agreement, Doran Canterbury II will pursue development of Phase II of the Project, which is expected to begin upon rental stabilization of Phase I. Phase II will include an additional 300 apartment units. Canterbury Development’s equity contribution to Doran Canterbury II for Phase II will be approximately 10 acres of land. In connection with its contribution, Canterbury Development became a 27.4% equity member in Doran Canterbury II with Doran owning the remaining 72.6%.

Table of Contents

Tax Increment Financing

On August 8, 2018, the City Council of the City of Shakopee, Minnesota approved a Contract for Private Redevelopment (“Redevelopment Agreement”) between the City of Shakopee Economic Development Authority (“Shakopee EDA”) and Canterbury Park Holding Corporation and its subsidiary Canterbury Development LLC in connection with a Tax Increment Financing District (“TIF District”) that the City had approved in April 2018. The City of Shakopee, the Shakopee EDA and the Company entered into the Redevelopment Agreement on August 10, 2018.

Under the Redevelopment Agreement, the Company has agreed to undertake a number of specific infrastructure improvements within the TIF District, including the development of public streets, utilities, sidewalks, and other public infrastructure. More specifically, the Company is obligated to construct improvements on Shenandoah Drive and Barenscheer Boulevard with these improvements required to be substantially complete on or before December 31, 2019 and December 31, 2020, respectively. As of December 31, 2019, improvements to Shenandoah Drive were substantially complete.

Under the Redevelopment Agreement, the City of Shakopee has agreed that a portion of the tax increment revenue generated from the developed property will be paid to the Company to reimburse it for its expense in constructing infrastructure improvements. The total estimated cost of TIF eligible improvements to be borne by the Company is $23,336,500. A detailed Schedule of the Public Improvements under the Redevelopment Agreement, the timeline for their construction and the source and amount of funding is set forth on Exhibit C of the Redevelopment Agreement, which was filed as Exhibit 10.1 to the Company’s Form 10-Q for the quarter ended March 31, 2018. The total amount of funding that Canterbury will be paid as reimbursement under the TIF program for these improvements is not guaranteed, however, and will depend on future tax revenues generated from the developed property. As of March 31, 2020, the Company recorded a TIF receivable of $9,857,000, which represents $9,580,000 of principal and $277,000 of interest.

The Company expects to finance its improvements under the Redevelopment Agreement with funds from its current operating resources and existing credit facility and, potentially, third-party financing sources.

Purchase and Sale Agreement

On March 13, 2020, the Company entered into an agreement to sell approximately 12 acres of land on the East side of the Racetrack to a third party for total consideration of approximately $2.5 million. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.

9. LEASES

The Company determines if an arrangement is a lease or contains a lease at inception. The Company leases certain office equipment under finance leases. We also lease equipment related to our horse racing operations under operating leases. For lease accounting purposes, we do not separate lease and nonlease components, nor do we record operating or finance lease assets and liabilities for short term leases.

As our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date to determine the present value of lease payments. We recognize expense for operating leases on a straight-line basis over the lease term. The Company’s lease agreements do not contain any variable lease payments, material residual value guarantees or any restrictive covenants.

Lease costs related to operating leases were $2,031 and $2,127 for the three months ended March 31, 2020 and 2019, respectively. The total lease expenses for leases with a term of twelve months or less for which the Company elected

Table of Contents

not to recognize a lease asset or liability was $80,680 and $116,691 for the three months ended March 31, 2020 and 2019, respectively.

Lease costs included in depreciation and amortization related to our finance leases were $5,949 for the three months ended March 31, 2020 and 2019. Interest expense related to our finance leases was immaterial.

The following table shows the classification of the right of use assets on our consolidated balance sheets:


		Three Months Ended March 31,
	Balance Sheet Location	2020		2019
Assets
Finance	Land, buildings and equipment, net (1)	$	90,273	$	$ 115,254
Operating	Operating lease right-of-use assets		72,911		13,074
Total Leased Assets		$	163,184	$	$ 128,328

1 – Finance lease assets are net of accumulated amortization of $29,744 and $5,949 as of March 31, 2020 and 2019, respectively.

The following table shows the lease terms and discount rates related to our leases:


	Three Months Ended March 31,
	2020	2019
Weighted average remaining lease term (in years):
Finance	3.4	4.5
Operating	1.2	1.8
Weighted average discount rate (%):
Finance	5.0%	5.0%
Operating	5.5%	5.0%

The maturity of operating leases and finance leases as of March 31, 2020 are as follows:


Three Months Ended March 31, 2020	Operating leases		Finance leases
2020 remaining	$	29,315	$	21,557
2021		23,100		28,743
2022		23,100		28,743
2023		—		19,332
Total minimum lease obligations		75,515		98,375
Less: amounts representing interest		(2,604)		(8,102)
Present value of minimum lease payments		72,911		90,273
Less: current portion		(27,855)		(24,807)
Lease obligations, net of current portion	$	45,056	$	65,466

10. RELATED PARTY RECEIVABLES

On December 20, 2018, the Company entered into a loan agreement with Doran Family Holdings, which is the controlling partner in the Doran Canterbury I joint venture. The Company loaned Doran Family Holdings $2,910,000 net of loan origination fees, and received a promissory note totaling $2,940,000 bearing interest at 5%. The note will mature at the earliest of (i) the date of closing by Doran Canterbury II, LLC on Phase II Project Financing; (ii) the closing on any purchase of the Phase II Land by Doran Shakopee, LLC pursuant to its option under Section 3.9(a) of the Doran Canterbury II Operating Agreement; (iii) the date of final determination that the Phase II Project will not

Table of Contents

be developed by Doran Canterbury II, LLC; or (iv) three (3) years following the date of the note. Management believes no allowance for doubtful accounts is necessary.

In 2018, the Company incurred $268,000 of costs for preliminary grading work on parcels of land the Company has designated for Doran Canterbury II. The Company will be fully reimbursed for these costs upon the commencement of the Doran Canterbury II project and thus, recorded the amount as a receivable. Although there is a possibility Doran Canterbury II will not materialize, the Company currently believes this likelihood is remote.

In 2019, the Company loaned money to the Doran Canterbury I joint venture in two separate loans in the amounts of $178,100 and $137,000, respectively. These member loans bear interest at the rate equal to the Prime Rate plus two percent per annum. The Company expects to be fully reimbursed for these member loans when the joint venture achieves positive cash flow.

11. SUBSEQUENT EVENTS

As part of its development efforts, the Company has recently entered into two real estate purchase and sale agreements.

On April 7, 2020, the Company entered into an agreement to sell approximately 11.3 acres of land on the West side of the Racetrack to a third party for total consideration of approximately $2,400,000. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.

On April 15, 2020, the Company entered into an agreement to sell approximately 2.4 acres of land on the West side of the Racetrack to a third party for total consideration of approximately $1,100,000. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.

Table of Contents

ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to help the reader understand Canterbury Park Holding Corporation, our operations, our financial results and financial condition and our present business environment. This MD&A is provided as a supplement to, and should be read in conjunction with, our condensed consolidated financial statements and the accompanying notes to the financial statements (the “Notes”).

Overview:

Canterbury Park Holding Corporation (the “Company,” “we,” “our,” or “us”) conducts pari-mutuel wagering operations and hosts “unbanked” card games at its Canterbury Park Racetrack and Card Casino facility (the “Racetrack”) in Shakopee, Minnesota, which is approximately 25 miles southwest of downtown Minneapolis. The Racetrack is the only facility in the State of Minnesota that offers live pari-mutuel thoroughbred and quarter horse racing.

The Company’s pari-mutuel wagering operations include both wagering on thoroughbred and quarter horse races during live meets at the Racetrack each year from May through March, and year-round wagering on races held at out-of-state racetracks that are televised simultaneously at the Racetrack (“simulcasting”). Unbanked card games, in which patrons compete against each other, are hosted in the Card Casino at the Racetrack. The Card Casino typically operates 24 hours a day, seven days a week. The Card Casino offers both poker and table games at up to 80 tables. The Company also derives revenues from related services and activities, such as concessions, parking, advertising signage, publication sales, and from other entertainment events and activities held at the Racetrack.

COVID-19 Pandemic:

We are mitigating negative impacts to our operating results by taking signification actions, as discussed below.

On April 1, 2020, as a result of the temporary closures and suspended operations described above, the Company announced that all Canterbury Park employees, except for a limited number of key personnel required for basic ongoing maintenance, security and management needs, were being placed on an unpaid furlough. The Company has continued to pay the employer share of health, dental, vison and life insurance for these furloughed employees. The Company also implemented a salary reduction for all remaining non-furloughed employees based on a combination of the employee’s

Table of Contents

salary and the employee’s responsibilities during the temporary shutdown. The Company expects these salary reductions to remain in effect until the Company’s business operations begin to return to normal.

On March 16, 2020, the Company announced that the Company’s Board of Directors suspended its quarterly cash dividend until the Company’s business operations return to normal.

Other additional measures taken by the Company include postponing non-essential capital expenditures, reducing operating costs, and substantially reducing discretionary spending.

These countermeasures are expected to partially mitigate the impacts of the COVID-19 Pandemic on our full year 2020 financial results. The Company has a strong consolidated balance sheet with no long-term debt and an $8 million credit line that is anticipated to provide the Company with the necessary liquidity and financial flexibility to manage through this challenging operating environment. Additionally, as mentioned in notes 8 and 11 of the Notes to Financial Statements, the Company expects to close on three land sales in 2020, which would generate a substantial cash inflow for the Company.

As the impact of the COVID-19 Pandemic on the economy and our operations evolves, we will continue to assess the impact on the Company and respond accordingly.

Operations Review for the Three Months Ended March 31, 2020:

EBITDA

EBITDA represents earnings before interest, income tax expense, and depreciation and amortization. EBITDA is not a measure of performance or liquidity calculated in accordance with generally accepted accounting principles in the United States of America (“GAAP”), and should not be considered an alternative to, or more meaningful than, net income as an indicator of our operating performance or cash flows from operating activities as a measure of liquidity. EBITDA is presented as a supplemental disclosure because it is a widely used measure of performance and a basis for valuation of companies in our industry. Moreover, other companies that provide EBITDA information may calculate EBITDA differently than we do. Adjusted EBITDA reflects additional adjustments to net income to eliminate unusual items. For the three months ended March 31, 2020 and 2019, adjusted EBITDA excluded the loss on disposal of assets.

The following table sets forth a reconciliation of net income, a GAAP financial measure, to EBITDA and to adjusted EBITDA (defined above) which are non-GAAP financial measures, for the three months ended March 31, 2020 and 2019:

Summary of EBITDA Data


	Three Months Ended March 31,
	2020		2019
NET INCOME	$	255,221	$	56,572
Interest income, net		(163,690)		(63,240)
Income tax (benefit) expense		50,164		(16,093)
Depreciation		716,853		625,520
EBITDA		858,548		602,759
Loss on disposal of assets		—		113,437
ADJUSTED EBITDA	$	858,548	$	716,196

Adjusted EBITDA increased $142,000, or 19.9%, and increased as a percentage of net revenues to 7.8% from 6.2% for the three months ended March 31, 2020 as compared to the same period in 2019. The increase is primarily due to a reduction in operating expenses compared to the same period in 2019.

Table of Contents

Revenues:

Total net revenues for the three months ended March 31, 2020 were $10,949,000, a decrease of $642,000, or 5.5%, compared to total net revenues of $11,591,000 for the three months ended March 31, 2019. This decrease consists of decreases in pari-mutuel, card casino, and food and beverages revenue of 13.1%, 4.3%, and 17.3%, respectively, slightly offset by an increase in other revenue of 14.8%. The decreases were driven by the COVID-19 Pandemic, which resulted in a temporary shutdown of operations effective March 16, 2020. See below for a further discussion of our sources of revenues.

Pari-Mutuel Data Revenue:


	Three Months Ended March 31,
	2020		2019
Simulcast	$	1,015,000	$	1,217,000
Other revenue		281,000		274,000
Total Pari-Mutuel Revenue	$	1,296,000	$	1,491,000

Total pari-mutuel revenue decreased $195,000, or 13.1%, for the three months ended March 31, 2020 compared to the same period in 2019. The decrease is primarily due to the COVID-19 Pandemic described above, as pari-mutuel revenue was relatively flat for the first two months of 2020 compared to the same period in 2019.

Card Casino Revenue:


	Three Months Ended March 31,
	2020		2019
Poker Games	$	1,657,000	$	1,930,000
Table Games		5,076,000		5,197,000
Total Collection Revenue		6,733,000		7,127,000
Other Poker Revenue		483,841		427,235
Other Table Games Revenue		344,159		345,765
Total Card Casino Revenue	$	7,561,000	$	7,900,000

The primary source of Card Casino revenue is a percentage of the wagers received from players as compensation for providing the Card Casino facility and services, which is referred to as “collection revenue.” Other Revenue presented above includes fees collected for the administration of tournaments, amounts earned as reimbursement of the administrative costs of maintaining jackpot funds, and amounts related to the outstanding chip liability that we expect will not be redeemed in the future.

As indicated by the table above, total Card Casino revenue decreased $339,000, or 4.3%, for the three months ended March 31, 2020, compared to the same period in 2019. The Company had increased growth in table games and poker revenue in the first two months of the 2020 first quarter compared to the same period in 2019, however, these increases were offset by a substantial revenue decrease in March 2020 due to the COVID-19 Pandemic described above.

Food and Beverage Revenue:

Food and beverage revenue decreased $234,000, or 17.3%, for the three months ended March 31, 2020 compared to the same period in 2019. The Company had increased growth in food and beverage revenues in the first two months of the 2020 first quarter compared to the same period in 2019; however, this increase was offset by a substantial revenue decrease in March 2020 due to the COVID-19 Pandemic described above.

Table of Contents

Other Revenue:

Other revenue increased $126,000, or 14.8%, for the three months ended March 31, 2020 compared to the same period in 2019. The increase is primarily due to an increase in space rental revenue and other operating revenues.

Operating Expenses:

Total operating expenses decreased $806,000, or 6.9%, for the three months ended March 31, 2020 compared to the same period in 2019. The following paragraphs provide further detail regarding certain operating expenses.

Purse expense decreased $292,000, or 20.9% for the three months ended March 31, 2020 compared to the same period in 2019. The decrease is due to lower pari-mutuel and Card Casino revenues, as well as a change in the purse payment structure related to changes in our horsemen contract for 2019.

Salaries and benefits decreased $167,000, or 2.9%, for the three months ended March 31, 2020, compared to the same period in 2019. The decrease is partially due to a decrease in expenses related to our bonus plans, as these have been temporarily suspended as a result of the COVID-19 Pandemic. Additionally, labor costs were unusually high in the 2019 first quarter as a result of inefficiencies caused by the Card Casino construction in January and February and re-opening in March 2019.

Other operating expenses decreased $156,000, or 13.6%, for the three months ended March 31, 2020, compared to the same period in 2019. The decrease is primarily due to timing as well the Company delaying certain expenditures as a result of the COVID-19 Pandemic.

During the three months ended March 31, 2019, the Company recorded a loss on disposal of assets totaling $113,000. This primarily related to a write-off of assets disposed of in remodeling our Card Casino in 2019.

Net income for the three months ended March 31, 2020 and 2019 was $255,000 and $57,000, respectively.

Contingencies:

The Company entered into a Cooperative Marketing Agreement (the “CMA”) with the Shakopee Mdewakanton Sioux Community, which became effective on March 4, 2012, and was amended in the respective first quarters of 2015, 2016, 2017, and 2018, and will expire December 31, 2022. The CMA contains specific covenants that, if breached, would trigger an obligation to repay a specified amount related to these covenants. At this time, management believes that the likelihood that the breach of a covenant would occur and that the Company would be required to pay the specified amount related to a covenant is remote.

The Company continues to analyze the feasibility of various options related to the development of our underutilized land. The Company may incur substantial costs during the feasibility and predevelopment process, but the Company believes available funds are sufficient to cover the near-term costs. See Liquidity and Capital Resources for more information on liquidity and capital resource requirements.

Liquidity and Capital Resources:

Table of Contents

The Company’s cash, cash equivalents, and restricted cash balance at March 31, 2020 was $3,081,000 compared to $3,927,000 as of December 31, 2019. The Company believes that unrestricted funds available in its cash accounts, amounts available under its revolving line of credit, along with funds generated from operations and future land sales, will be sufficient to satisfy its liquidity and capital resource requirements for regular operations, as well as its planned development expenses during 2020. However, if the Company engages in any additional significant real estate development, additional financing would more than likely be required.

Given its number of employees and the nature of its primary operations, the Company does not currently qualify for any of the federal lending assistance offered by the CARES Act that was passed in late March and April 2020, including the Paycheck Protection Program or other CARES Acts small business lending programs.

Operating Activities

Net cash provided by operating activities for the three months ended March 31, 2020 was $351,000 primarily as a result of the following: The Company reported net income of $255,000, depreciation of $717,000, and stock-based compensation and 401(k) match totaling $219,000. The Company also experienced an increase in accounts payable of $961,000. This was partially offset by a decrease in accrued wages and payroll taxes of $1,400,000 and card casino accruals of $512,000.

Net cash provided by operating activities for the three months ended March 31, 2019 was $1,461,000 primarily as a result of the following: The Company reported net income of $57,000, which included a loss on disposal of assets of $113,000. Cash from operating activities was increased by noncash charges from depreciation of $626,000 and stock-based compensation and 401(k) match totaling $206,000. The Company also experienced an increase in accounts payable of $303,000, card casino accruals of $417,000, and a decrease in income taxes receivable of $357,000. This was partially offset by a decrease in accrued wages and payroll taxes of $889,000.

Investing Activities

Net cash used in investing activities for the first three months of 2020 and 2019 was $871,000 and $4,801,000, respectively, primarily for additions to land, buildings, and equipment and additions for TIF eligible improvements.

Financing Activities

Net cash used in financing activities during the first three months of 2020 and 2019 was $326,000 and $228,000, primarily due to cash dividends paid to shareholders, partially offset by proceeds from the issuance of common stock.

Critical Accounting Policies and Estimates:

The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. We base our assumptions, estimates, and judgments on historical experience, current trends, and other factors that management believes to be relevant at the time the consolidated financial statements are prepared. On a regular basis, management reviews the accounting policies, assumptions, estimates, and judgments to ensure that our financial statements are presented fairly and in accordance with GAAP. However, because future events and their effects cannot be determined with certainty, actual results could differ from our assumptions and estimates, and such differences could be material.

Our significant accounting policies are included in Note 2 to our consolidated financial statements in our 2019 Annual Report on Form 10‑K. We believe the following critical accounting policies affect our more significant judgments and estimates used in the preparation of our consolidated financial statements.

Table of Contents

Property and Equipment - We have significant capital invested in our property and equipment, which represents 68.0% of our total assets at March 31, 2020. We use our judgment in various ways including: determining whether an expenditure is considered a maintenance expense or a capital asset; determining the estimated useful lives of assets; and determining if or when an asset has been impaired or has been disposed. Management periodically reviews the carrying value of property and equipment for potential impairment by comparing the carrying value of these assets with their related expected undiscounted future net cash flows. If the sum of the related expected future net cash flows is less than the carrying value, management would determine how much of an impairment loss would be measured by the amount by which the carrying value of the asset exceeds the fair value of the asset. We have determined that no impairment of these assets exists at March 31, 2020.

Stock-Based Compensation – Accounting guidance requires measurement of services provided in exchange for a share-based payment based on the grant date fair market value. We use our judgment in determining the assumptions used to determine the fair value of equity instruments granted using a Black-Scholes model. The Company also grants Long Term Incentive Awards under the Long Term Incentive Plan (the “LTI Plan”) under which Company executive officers and other senior executives have the opportunity to receive a payout of shares of the Company’s common stock at the end of a three-year period. Management must make a number of assumptions to estimate future results to determine the compensation expense of the LTI Plan. As a result of the COVID-19 Pandemic, the Company has temporarily suspended its LTI Plan until there is more certainty about the Company’s reopening and future operations.

Commitments and Contractual Obligations:

The Company entered into the CMA with the SMSC on June 4, 2012, that was amended in January 2015, 2016, 2017, and March 2018 and expires December 31, 2022. See “Cooperative Marketing Agreement” below.

Legislation:

Minimum Wage Legislation

In 2014, Minnesota legislation enacted into law an increase in the minimum wage that must be paid to most Company employees. Beginning January 1, 2018, the minimum wage was set to increase at the beginning of each year by the rate of inflation with a maximum increase of up to 2.5% per year. The minimum wage for 2020 is $10.00 per hour. Prior to August 1, 2014, the Company employed a large number of individuals who received an hourly wage equal to or slightly above $7.25 per hour. As a result, this legislation had an adverse financial impact on the Company in 2014 through 2019, and will continue to have an adverse impact on the Company. We have implemented measures to partially mitigate the impact of this increase by raising our prices and reducing our employee count. These measures could themselves have an adverse effect because higher prices and diminished service levels may discourage customers from visiting the Racetrack.

Cooperative Marketing Agreement:

On June 4, 2012, the Company entered into the CMA with the SMSC. The primary purpose of the CMA is to increase purses paid during live horse racing at Canterbury Park’s Racetrack in order to strengthen Minnesota’s thoroughbred and quarter horse industry. Under the CMA, as amended, this is achieved through “Purse Enhancement Payments to Horsemen” paid directly to the MHBPA. These payments have no direct impact on the Company’s consolidated financial statements or operations.

Table of Contents

In each of the respective first quarters of 2015, 2016, 2017, and 2018, the CMA was amended to adjust the payment amounts between the “Purse Enhancement Payments to Horsemen” and “Marketing Payments to Canterbury Park.” SMSC is currently obligated to make the following purse enhancement and marketing payments for 2020 through 2022:

1 Includes $100,000 each year payable to various horsemen associations

Under the CMA, the Company has agreed for the 10‑year term of the CMA expiring December 31, 2022 that it will not promote or lobby the Minnesota legislature for expanded gambling authority and will support the SMSC’s lobbying efforts against expanding gambling authority.

Redevelopment Agreement:

As mentioned above in note 8 of Notes to Financial Statements, on August 10, 2018, the City of Shakopee, the City of Shakopee Economic Development Authority, and the Company entered into a Redevelopment Agreement in connection with a Tax Increment Financing District (“TIF District”) that the City had approved in April 2018. Under the Redevelopment Agreement, the Company has agreed to undertake a number of specific infrastructure improvements within the TIF District, including the development of public streets, utilities, sidewalks, and other public infrastructure and the City of Shakopee agreed that a portion of the tax revenue generated from the developed property will be paid to the Company to reimburse it for its expense in constructing these improvements. The Company expects to finance its improvements under the Redevelopment Agreement with funds from its current operating resources and existing credit facility and, potentially, third-party financing sources.

Forward-Looking Statements:

From time-to-time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, we may make forward-looking statements concerning possible or anticipated future financial performance, prospective business activities or plans that are typically preceded by words such as “believes,” “expects,” “anticipates,” “intends” or similar expressions. For these forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that these forward-looking statements are subject to risks and uncertainties that could affect our actual results and cause actual results to differ materially from those indicated in the forward-looking statements. These risks and uncertainties include, but are not limited to:

material fluctuations in attendance at the Racetrack;

any short-term or long-term effect that the COVID-19 Pandemic may have on the economy generally, or us as an entertainment venue, including reluctance from customers to visit our Racetrack or Card Casino or social distancing measures that we may voluntarily take that would limit attendance at our facilities;

the fact that we are currently unsure when we can reopen or commence live racing;

Table of Contents

decline in interest in wagering on horse races at the Racetrack, at other tracks, or on unbanked card games offered at the Card Casino;

competition from other venues offering unbanked card games or other forms of wagering;

greater-than-anticipated expenses or a lower-than-anticipated return on the development of our underutilized land, including our joint venture to develop a luxury apartment complex;

competition from other sports and entertainment options;

increases in compensation and employee benefit costs;

increases in the percentage of revenues allocated for purse fund payments;

higher-than-expected expenses related to new marketing initiatives;

the impact of wagering products and technologies introduced by competitors;

legislative and regulatory decisions and changes, including decision or actions related to sports betting that would adversely affect our betting environment;

any legal, judicial, legislative or regulatory action or event that would adversely affect our ten-year Cooperative Marketing Agreement with the Shakopee Mdewakanton Sioux Community, which enhances the purses for daily racing at Canterbury Park and supports cooperative marketing programs for the two organizations, benefiting the stability and quality of live horse racing;

the fact that under the Redevelopment Agreement with the City of Shakopee, the Company has agreed to undertake a number of specific infrastructure improvements within the TIF District, and the amounts that Canterbury Park will be paid as reimbursement under the TIF program for these improvements is not guaranteed, but will depend in part on future tax revenues generated from the developed property;

the success of the Company’s Canterbury Commons real estate development, including our reliance upon our joint venture partner Doran Companies to construct and profitably operate the upscale apartment complex;

the fact that 2019 first quarter construction activity in our Card Casino resulted in a decline in Card Casino revenues and any future construction activity may result in similar decline;

the fact the infrastructure improvements that we are making pursuant to the Redevelopment Agreement with the City of Shakopee together with improvements we are making to our parking facilities may disrupt traffic flow in a manner that discourages our customers from visiting our facilities, thereby affecting our revenue and profitability;

our ability to develop and maintain high-quality food and beverage offerings that we can market and sell to our Racetrack and Card Casino patrons, as well as future residents of the new Triple Crown Apartments at Canterbury that are being developed by the Doran–Canterbury joint ventures;

the general health of the gaming sector; and

other factors that are beyond our ability to control or predict.

Table of Contents

ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Note applicable.

ITEM 4: CONTROLS AND PROCEDURES

(a)

Evaluation of Disclosure Controls and Procedures:

The Company’s President and Chief Executive Officer, Randall D. Sampson and Chief Financial Officer, Randy J. Dehmer, have reviewed the Company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based upon this review, these officers have concluded that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed in the reports that the Company files under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that the disclosure controls are also effective to ensure that information required to be disclosed in the Company’s Exchange Act reports is accumulated and communicated to management, including the chief executive officer and chief financial officer, to allow timely decisions regarding required disclosure.

(b) Changes in Internal Control over Financial Reporting:

There have been no significant changes in our internal control over financial reporting (as defined in Rules 13a-15(f) under the Exchange Act) that occurred during our fiscal quarter ended March 31, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

Not Applicable.

Item 1A. Risk Factors

There have been no changes to the Risk Factors listed in the Form 10-K for the year ended December 31, 2019.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

(a)Not Applicable.

(b)Not Applicable.

(c)On December 17, 2007, the Company’s Board of Directors adopted a plan that authorized the repurchase of up to 250,000 shares of the Company’s common stock pursuant to Exchange Act Rule 10b‑18 in open market transactions, block purchases of privately negotiated transactions (the “2008 Stock Repurchase Plan”). From its adoption until August 13, 2012, the Company repurchased 216,543 shares under the 2008 Stock Repurchase Plan and, on that date, authorized the repurchase of an additional 100,000 shares of the Company’s common stock. The Company did not repurchase any shares during the first quarter of 2020. The maximum number of shares that may yet be purchased under the above authorizations is 128,781 as of March 31, 2020.

Item 3. Defaults upon Senior Securities

Not Applicable.

Table of Contents

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

Not Applicable.

Table of Contents

Item 6. Exhibits

3.1		Bylaws of Canterbury Park Holding Corporation, as amended April 17, 2020.

31.1		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (rules 13a‑14 and 15d‑14 of the Exchange Act).

31.2		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (rules 13a‑14 and 15d‑14 of the Exchange Act).

32		Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350).

99.1		Press Release dated May 12, 2020 announcing 2020 First Quarter Results.

101		The following financial information from Canterbury Park Holding Corporation’s Quarterly Report on Form 10‑Q for the quarterly period ended March 31, 2020, formatted in eXtensible Business Reporting Language XBRL: (i) Condensed Consolidated Balance Sheets as of March 31, 2020 and December 31, 2019, (ii) Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2020 and March 31, 2019, (iii) Condensed Consolidated Statements of Stockholders’ Equity for the Three Months ended March 31, 2020 and March 31, 2019, (iv) Condensed Consolidated Statements of Cash Flows for the Three Months ended March 31, 2020 and March 31, 2019, and (v) Notes to Financial Statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


	Canterbury Park Holding Corporation

Dated: May 13, 2020	/s/ Randall D. Sampson

	Randall D. Sampson,
	Executive Chairman, President, and Chief Executive Officer

Dated: May 13, 2020	/s/ Randy J. Dehmer
	Randy J. Dehmer, Chief Financial Officer

EX-3.1 2 cphc-20200331ex3146fdce5.htm EX-3.1 cphc_Ex3_2

Exhibit 3.1

BYLAWS
OF
CANTERBURY PARK HOLDING CORPORATION
(As amended, April 17, 2020)

ARTICLE I
OFFICES AND CORPORATE SEAL

Section 1.01. Registered and Other Offices. The registered office of the corporation in Minnesota shall be that set forth in the Articles of Incorporation or statement of the Board of Directors filed with the Secretary of State of Minnesota changing the registered office in the manner prescribed by law. The corporation may have such other offices, within or without the state of Minnesota, as the Board of Directors shall, from time to time, determine.

Section 1.02. Corporate Seal. If so directed by the Board of Directors, the corporation may use a corporate seal. The failure to use such seal, however, shall not affect the validity of any documents executed on behalf of the corporation. The seal need only include the word "seal," but it may also include, at the discretion of the Board, such additional wording as is permitted by law.

ARTICLE II
MEETINGS OF SHAREHOLDERS

Section 2.01. Time and Place of Meetings. An annual meeting of shareholders may be held in the year of the corporation's formation and shall be held following the conclusion of each fiscal year of the corporation at such time and place, within or without the state of Minnesota, as may be designated by the Board of Directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Minnesota.

Section 2.02. Annual Meetings. At any annual meeting of the shareholders there shall be an election of qualified successors for directors whose terms have expired at such annual meeting. Subject to Section 2.09 below, any business appropriate for action by the shareholders may be transacted at an annual meeting. No meeting shall be considered an annual meeting unless specifically designated as such in the notice of meeting.

Section 2.03. Special Meetings. A special meeting of the shareholders may be called at any time by the Chairman of the Board, the President, the Treasurer or the Board of Directors of this corporation, and shall be called by the Secretary upon the request in writing by two or more members of the Board of Directors, or upon the request in writing of a shareholder or shareholders holding ten percent or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or effect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose, must be called by 25 percent or more of the voting power of all shares entitled to vote. Such meeting shall be called in accordance with the provisions of Minnesota Statutes, Section 302A.433 by mailing a notice thereof pursuant to the provisions of Minnesota Statutes, Section 302A.435. Such notice shall state the time, place, and purpose of the meeting and the business transacted at all special meetings shall be confined

to the purpose stated in the call, unless all of the shareholders are present in person or by proxy and none of them objects to consideration of a particular item of business.

Section 2.04. Remote or Virtual Shareholder Meetings. The Board of Directors may determine that shareholders not physically present in person or by proxy at a regular or special shareholder meeting called pursuant to Section 2.02 or 2.03 of these Bylaws may, by means of remote communication, participate in a regular or special shareholder meeting held at a designated place. The Board of Directors also may determine that any regular or special meeting of the shareholders will not be held at a physical place, but instead solely by means of remote communication, so long as the corporation implements reasonable measures to provide that each shareholder participating by remote means communication has a reasonable opportunity to participate in the meeting in accordance with the provisions of Section 302A.436, subdivision 5, of the Minnesota Business Corporation Act (the “MBCA”) as amended from time to time, or any successor statute. Participation by remote communication constitutes presence at the meeting.

Section 2.05. Quorum; Adjourned Meetings. The holders of a majority of the voting power of the shares entitled to vote at a meeting constitute a quorum for the transaction of business; said holders may be present at the meeting either in person or by proxy. If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment, even though withdrawal of shareholders originally present leaves less than the proportion or number otherwise required for a quorum. In case a quorum shall not be present in person or by proxy at a meeting, those present in person or by proxy may adjourn to such day as they shall, by majority vote, agree upon, and a notice of such adjournment shall be mailed to each shareholder entitled to vote at least five (5) days before such adjourned meeting. If a quorum is present in person or by proxy, a meeting may be adjourned from time to time without notice, other than announcement at the meeting. At adjourned meetings at which a quorum is present in person or by proxy, any business may be transacted at the meeting as originally noticed.

Section 2.06. Voting. At each meeting of the shareholders, every shareholder having the right to vote shall be entitled to vote either in person or by proxy. Unless otherwise provided by the Articles of Incorporation or in a resolution of the Board of Directors filed with the Secretary of State, each shareholder shall have one vote for each share held. Upon demand of any shareholder the vote upon any question before the meeting shall be by ballot.

Section 2.07. Closing of Books. The Board of Directors may fix a time, not exceeding sixty (60) days preceding the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed. The Board of Directors may close the books of the corporation against the transfer of shares during the whole or any part of such period. If the Board of Directors fails to fix a record date for determination of the shareholders entitled to notice of, and to vote at, any meeting of shareholders, the record date shall be the twentieth (20th) day preceding the date of such meeting.

Section 2.08. Notice of Meetings.

(a) Notice of Meetings. Subject to Section 2.08(b), notice of all meetings of shareholders shall be given to every holder of voting shares, except where the meeting is an adjourned meeting and the date, time and place of the meeting was announced at the time of adjournment. Except as provided in Section 2.03 hereof, the notice shall be given at least ten (10) days, but not more than sixty (60) days, before the date of the meeting, except that written notice of a meeting at which an agreement of merger or exchange is to be considered shall be given to all shareholders, whether entitled to vote or not, at least fourteen (14) days prior thereto.

(b) Electronic Notice. Notwithstanding the written notice requirement in Subsection 2.08(a) above, notice of any regular or special meeting may be given to a shareholder by means of electronic communication if the requirements of MBCA Section 302A.436, subdivision 5, as amended from time to time, are met. Notice to a shareholder is also effectively given if the notice is given to the shareholder in a manner permitted by the rules and regulations under the Securities Exchange Act of 1934, as amended, so long as the corporation has first received any written or implied consent required by those rules and regulations.

Section 2.09. Waiver of Notice. A shareholder may waive notice of any meeting of shareholders. A waiver of notice by a shareholder entitled to notice is effective whether given before, at or after the meeting and whether give orally or by attendance.

Section 2.10. Business to be Conducted at Annual Meetings. At the annual meeting, the shareholders shall elect directors of the corporation and shall transact such other business as may properly come before them. To be properly brought before the meeting, business must be of a nature that is appropriate for consideration at an annual meeting and must be (i) specified in the notice of meeting (or any supplement thereto) at the direction of the Board of Directors, (ii) otherwise properly brought before the meeting by or at the direction of the Board of Directors, or (iii) otherwise properly brought before the meeting by a shareholder (as defined in the Minnesota Business Corporation Act). In addition to any other applicable requirements, for matters to be properly brought before the annual meeting by a shareholder, the shareholder must have given timely notice thereof in writing to the Secretary of the corporation. To be timely, each such notice must be given, either by personal delivery or delivery by United States mail, postage prepaid, addressed to the Secretary of the corporation at the registered office of the corporation, not less than 45 days nor more than 75 days prior to a meeting date corresponding to the previous year's annual meeting. Each such notice to the Secretary shall set forth as to each matter the shareholder proposes to bring before the annual meeting (i) a brief description of the business desired to be brought before the annual meeting and the reasons for conducting such business at the annual meeting, (ii) the name and address of record of the shareholders proposing such business, (iii) the class or series (if any) and number of shares of the corporation which are owned by the shareholder, and (iv) any material interest of the shareholder in such business. Notwithstanding anything in these Bylaws to the contrary, no business shall be transacted at the annual meeting except in accordance with the procedures set forth in this Article; provided, however, that nothing in this Article shall be deemed to preclude discussion by any shareholder of any business properly brought before the annual meeting, in accordance with these Bylaws.

ARTICLE III
DIRECTORS

Section 3.01. General Powers. The Board of Directors shall have the general management and control of all business and affairs of the corporation and shall exercise all the powers that may be exercised or performed by the corporation under Minnesota law and the Corporation's Articles of Incorporation and these Bylaws.

Section 3.02. Number and Classes of Directors. The Board of Directors of this corporation shall consist of one or more directors. The number of directors may be increased or, subject to Minnesota Statutes, Section 302A.223, decreased at any time by action of the Board of Directors. Each director shall serve until his or her successor shall have been duly elected and qualified, unless he or she shall retire, resign, die or be removed.

Section 3.03. Vacancies. Any vacancies occurring in the Board of Directors for any reason, and any newly created directorships resulting from an increase in the number of directors, may be filled by a majority of the directors then in office. Any directors so chosen shall hold office until the next election of directors and until their successors shall be elected and qualified, subject, however, to prior retirement, resignation, death or removal from office.

Section 3.04. Quorum. A majority of the directors then in office shall constitute a quorum for the transaction of business, and if at any meeting of the Board of Directors there shall be less than said quorum, a majority of those present may adjourn the meeting from time to time.

Section 3.05. Removal of Directors. Any director may be removed from office, with or without cause, only by the affirmative vote of the holders of at least two-thirds (2/3) of the voting power of the then outstanding shares of capital stock entitled to vote generally in the election of directors.

Section 3.06. Director Nominations. Subject to the rights of holders of any class or series of stock having a preference over the common shares as to dividends or upon liquidation, nominations for the election of directors may be made by the Board of Directors or a committee appointed by the Board of Directors or by any shareholder entitled to vote generally in the election of directors. However, any shareholder (as defined in the Minnesota Business Corporation Act) entitled to vote generally in the election of directors may nominate one or more persons for election as directors at the annual meeting only if written notice of such shareholder's intent to make such nomination or nominations has been given, either by personal delivery or by United States mail, postage prepaid, to the Secretary of the corporation not less than 45 days nor more than 75 days prior to a meeting date corresponding to the previous year's annual meeting. Nominations by shareholders for election of one or more persons as directors at a special meeting shall be made by written notice in accordance with, but only to the extent permitted by Minnesota Statutes, Section 302A. Each such notice to the Secretary shall set forth: (i) the name and address of record of the shareholder who intends to make the nomination; (ii) a representation that the shareholder is a holder of record of shares of the corporation entitled to vote at such meeting and the person or persons specified in the notice; (iii) the name, age, business and residence addresses, and principal occupation or employment of each nominee; (iv) a description of all arrangements or understandings between the shareholder and each nominee

and any other person or persons (naming such person or persons) pursuant to which the nomination or nominations are to be made by the shareholder; (v) such other information regarding each nominee proposed by such shareholder as would be required to be included in a proxy statement filed pursuant to the proxy rules of the Securities and Exchange Commission; and (vi) the consent of each nominee to serve as a director of the corporation if so elected. The corporation may require any proposed nominee to furnish such other information as may reasonably be required by the corporation to determine the eligibility of such proposed nominee to serve as a director of the corporation. Copies of any preliminary proxy materials or other filings with the Securities and Exchange Commission made by the nominating shareholder must be provided to the Secretary of the corporation concurrent with such filing. The presiding officer of the meeting may, if the facts warrant, determine that a nomination was not made in accordance with the foregoing procedure, and if he or she should so determine, it shall be so declared at the meeting and the defective nomination shall be disregarded.

Section 3.07. Regular Meetings. Regular meetings of the Board of Directors shall be held, without notice, at such time and place as shall from time to time be determined by the Board.

Section 3.08. Special Meetings. Special meetings of the Board of Directors may be called by the Chairman of the Board or the President at any time and shall be called by him or her whenever requested to do so in writing by two or more members of the Board.

Section 3.09. Notice of Meetings. If the meeting is a regular meeting of the Board, or if the date and time of a Board meeting has been announced at a previous meeting, no notice is required. Otherwise, notice of a meeting of the Board of Directors shall be given by the Secretary who shall give at least twenty-four (24) hours' notice thereof to each director by mail, telephone, telegraph or in person. The notice need not state the purpose of the meeting.

Section 3.10. Waiver of Notice. Notice of any meeting of the Board of Directors may be waived by a director either before, at, or after such meeting in a writing signed by such director; provided, however, that a director, by his attendance and participation in any action taken at the meeting of the Board of Directors, shall be deemed to waive notice of such meeting.

Section 3.11. Committees of the Board. Except as otherwise provided in Article IV of these Bylaws, the Board of Directors may, in its discretion, by the affirmative vote of a majority of the Directors, appoint committees which shall have and may exercise such powers as shall be conferred or authorized by the resolutions appointing them. A majority of any such committee, if the committee be composed of more than two members, may determine its action and fix the time and place of its meetings, unless the Board of Directors shall otherwise provide. The Board of Directors shall have power at any time to fill vacancies in, to change the membership of, or to discharge any such committee.

Section 3.12. Compensation of Directors. Directors who are not salaried officers of this corporation may receive any combination of a fixed sum per meeting attended, a fixed annual sum and/or such other compensation as may be determined, from time to time, by resolution of the Board of Directors. All directors may receive reimbursement of expenses, if any, for attendance at meetings of the Board of Directors or any committee thereof. Nothing herein contained shall be construed to preclude any director from serving this corporation in any other capacity and receiving compensation for such other service.

Section 3.13. Absent Directors. A director may give advance written consent or opposition to a proposal to be acted on at a Board of Directors' meeting.

Section 3.14. Authorization Without a Meeting. Any action required or permitted to be taken at a meeting of the Board or any committee may be taken without a meeting as authorized by law.

ARTICLE IV
EXECUTIVE COMMITTEE

The Board of Directors may by unanimous affirmative action of the entire Board designate two or more of their number to constitute an Executive Committee which, to the extent determined by unanimous affirmative action of the Board, shall have and exercise the authority of the Board in the management of the business of the corporation, but shall not have the power to amend these Bylaws. Such Executive Committee shall act only in the interval between meetings of the Board and shall be subject at all times to the control and direction of the Board. The Executive Committee may meet at stated times or on notice to all committee members given by any of their own number. Vacancies in the membership of the Executive Committee may be filled by the Board of Directors at a regular meeting or at a special meeting called for that purpose.

ARTICLE V
OFFICERS

Section 5.01. Number and Offices. The officers of the corporation shall consist of a President, Treasurer and Secretary and may also consist of one or more Vice Presidents (any one of whom may be designated an Executive Vice President or Senior Vice President in the discretion of the Board), one or more Assistant Secretaries and one or more Assistant Treasurers. The Board may elect or appoint any other officers it deems necessary for the operation and management of the corporation, each of whom shall have the powers, rights, duties, responsibilities and terms of office determined by the Board from time to time. Any number of offices or functions of those offices may be held or exercised by the same person.

Section 5.02. Chairman of the Board. The Board of Directors may also elect as an officer a Chairman of the Board, who, if so elected, shall preside at all meetings of the Board of Directors and of the shareholders, shall make such reports to the Board of Directors and the shareholders as may from time to time be required, and shall have such other powers and shall perform such other duties as may be from time to time assigned to him or her by the Board of Directors. If a Chairman of the Board is not appointed, the duties and responsibilities of the Chairman of the Board set forth in this Section 5.02 shall be performed by the President.

Section 5.03. Election; Term of Office; Qualifications. At least annually the Board of Directors the Board shall elect the officers of the corporation, except that between such annual elections, at any regular or special meeting of the Board, additional offices may be established and officers may be elected to fill the newly created positions. All officers of the corporation shall, if not removed pursuant to Section 5.04, below, hold office until the annual election of officers next following their election to office, or until the election and qualification of their respective successors.

Section 5.04. Removal and Vacancies. Any officer may be removed from his or her office at any time by a majority of the whole Board of Directors, with or without cause. Such removal, however, shall be without prejudice to the contract rights, if any, of the person so removed. If there be a vacancy among the officers of the corporation by reason of death, resignation or otherwise, such vacancy may be filled for the unexpired term by the Board of Directors.

Section 5.05. President. The President shall be responsible for the operations of the corporation, subject to the control of the Board of Directors, shall make such reports to the Board of Directors as may from time to time be required, and shall have such other powers and shall perform such other duties as may be from time to time assigned to him or her by the Board of Directors or as otherwise are customarily possessed or performed by a President. The President shall be responsible to perform the duties of the Chief Executive Officer specified in Minnesota Statutes, Section 302A.305 to the extent such duties are not assigned to other officers of the corporation. The President, a Vice President or the Secretary, unless some other person is specifically authorized by resolution of the Board of Directors, shall sign all certificates of stock, bonds, deeds, mortgages, agreements, modification of mortgage agreements, leases, and contracts of the corporation.

Section 5.06. Vice Presidents. If Vice Presidents have been elected, such Vice Presidents shall each have such powers and duties as generally pertain to their respective offices, as well as such powers and duties as from time to time may be conferred by the Board of Directors. In the case of the death, resignation or disability of the President, the Vice President designated as Executive Vice President, or if none, the Vice President designated as Senior Vice President, or if neither, the Vice President who has held that office for the longest continuous period of time, or if there are no Vice Presidents, the Treasurer, shall assume the duties and responsibilities of the President until further action by the Board of Directors.

Section 5.07. Secretary. The Secretary shall keep a record of the meeting and proceedings of the Directors and shareholders, have custody of the corporate seal and of other corporate records not specifically entrusted to some other official by these Bylaws or by direction of the Board of Directors, and shall give notice of such meetings as are required by these Bylaws or by the Directors. In the Secretary's absence at any meeting, an Assistant Secretary or a Secretary Pro Tempore shall perform the Secretary's duties.

Section 5.08. Treasurer. The Treasurer, subject to the order of the Board of Directors, shall have the care and custody of the money, funds, valuable papers, and documents of the corporation (other than his own bond, if any, which shall be in the custody of the President), and shall have and exercise, under the supervision of the Board of Directors, all powers and duties commonly incident to his or her office, and shall give bond in such form and amount and with such sureties as shall be required by the Board of Directors. The Treasurer shall keep accurate accounts of all monies of the corporation received or disbursed. He or she shall deposit all monies, drafts and checks in the name of, and to the credit of, the corporation and such banks and depositories as a majority of the whole Board of Directors shall from time to time designate. He or she shall have power to endorse for deposit all notes, checks and drafts received by the corporation. He or she shall disperse the funds of the corporation in the manner prescribed by the Board of Directors, making proper vouchers therefor. He or she shall render to the President and the directors whenever required, an account of all of his or her transactions as Treasurer and of the financial condition of the corporation and shall perform such other duties as may be prescribed from time to time by the Board of Directors or by the President. The Treasurer shall be responsible to perform the duties of the Chief Financial Officer specified in Minnesota Statutes, Section 302A.305 to the extent such duties are not assigned to other officers of the corporation.

Section 5.09. Additional Officers and Agents. The Board of Directors, at its discretion, may appoint a General Manager, one or more Assistant Treasurers, one or more Assistant Secretaries, and such other officers or agents as it may deem advisable and may prescribe the duties of any such officer or agent.

Section 5.10. Compensation. The officers of the corporation shall receive such compensation for their services as may be determined from time to time by the Board of Directors.

ARTICLE VI
SHARES AND THEIR TRANSFER

Section 6.01. Certificated and Uncertificated Shares. Shares of the Corporation’s stock may be certificated or uncertificated, as provided under Minnesota law. All certificates of stock of the Corporation shall be in such form as prescribed by law and adopted by the Board of Directors, certifying the number of shares of the corporation owned by him. The certificates shall be numbered in the order in which they are issued and shall be signed by the President or a Vice President and by the Secretary or an Assistant Secretary (or by such other two (2) officers as the Board of Directors may designate) and may have typed or printed thereon any legend as may be required by law or contract or as may be appropriate in the opinion of counsel to the corporation. Such signatures may be by facsimile if authorized by the Board of Directors. Every

certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate or other evidence of ownership shall have been so canceled.

Section 6.02. Issuance of Shares. The Board of Directors is authorized to cause to be issued shares of the corporation up to the full amount authorized by the Articles of Incorporation in such amounts as may be determined by the Board of Directors and as may be permitted by applicable law. Shares shall be allotted only in exchange for consideration in such forms as may be permitted by applicable law. At the time of any such allotment of shares, the Board of Directors making such allotment shall state, by resolution, their determination of the fair value of the corporation in monetary terms of any consideration other than cash for which shares are allotted. The amount of consideration to be received in cash or otherwise shall not be less than the par value of the shares so allotted.

Section 6.03. Transfer of Shares. Transfer of shares on the books of the corporation may be authorized only by the record holder of such stock, or the shareholder's legal representative, or by attorney lawfully constituted in writing, and, in the case of stock represented by a certificate, upon surrender of the certificate or the certificates for such shares. The corporation may treat as the absolute owner of shares of the corporation the person or persons in whose name or names the shares are registered on the books of the corporation. In the event that a bank, trust company or other similarly qualified corporation is designated and agrees to act as the registrar and/or transfer agent for the corporation, then the signatures of the officers specified above and any seal of the corporation may be imprinted upon the stock certificates by facsimile and said certificates may be authenticated by signature of an authorized agent of said registrar and/or transfer agent. The officers of the corporation may delegate to such transfer agent and/or registrar such of the duties relating to the recording and maintenance of records relating to shares of stock and shareholders of the corporation as may be deemed expedient and convenient and as are assumed by said registrar and/or transfer agent.

Section 6.04. Lost Certificates. Any shareholder claiming that a certificate for shares has been lost, destroyed or stolen shall make an affidavit of the fact in such form as the Board of Directors shall require and shall, if the Board of Directors so requires, give the corporation a sufficient indemnity bond, in form, in an amount, and with one or more sureties satisfactory to the Board of Directors, to indemnify the corporation against any claims which may be made against it on account of the reissue of such certificate. Unless issued in uncertificated form, a new certificate shall then be issued to said shareholder for the same number of shares as the one alleged to have been destroyed, lost or stolen.

ARTICLE VII
DISTRIBUTIONS

Section 7.01. Distributions. Subject to the provisions of the Articles of Incorporation, the Board of Directors may cause the corporation to make distributions pursuant to the provisions of the Minnesota Statutes, Section 302A.551.

Section 7.02. Record Date. Subject to any provisions of the Articles of Incorporation, the Board of Directors may fix a date preceding the date fixed for the payment of any distribution or allotment of other rights as the record date for the determination of the shareholders entitled to receive payment of such distribution or allotment of such rights; and in such case only shareholders of record on the date so fixed shall be entitled to receive such payment or allotment notwithstanding any transfer of shares on the books of the corporation after such record date. The Board of Directors may close the books of the corporation against the transfer of shares during the whole or any part of such period.

ARTICLE VIII
BOOKS AND RECORDS; FISCAL YEAR

Section 8.01. Books and Records. The Board of Directors of the corporation shall cause to be kept in such place as it may designate:

(a)A share register, giving the names and addresses of the shareholders, the number and classes of shares held by each, and the dates on which the certificates therefor were issued;

(b)Records of all proceedings of shareholders and directors;

(c)Such other records and books of account as shall be necessary and appropriate to the conduct of corporate business; and

(d)Bylaws of the corporation and all amendments thereto.

Section 8.02. Fiscal Year. The fiscal year of the corporation shall be determined by resolution of the Board of Directors.

ARTICLE IX
INDEMNIFICATION

Section 9.01 Definitions.

(a)For purposes of this Article, the terms defined in this Section have the meanings given them.

(b)"Corporation" includes any domestic or foreign corporation that was the predecessor of this corporation in a merger or other transaction in which the predecessor's existence ceased upon consummation of the transaction.

(c)"Official capacity" means (1) with respect to a director, the position of director in the corporation, (2) with respect to a person other than a director, the elective or appointive office or position held by an officer, member of a committee of the Board, or the employment or agency relationship undertaken by an employee or agent of the corporation, (3) with respect to a director, officer, employee, or agent of the corporation who, while a director, officer, employee, or agent of the corporation, is or was serving at the request of the corporation or whose duties in that position involve or involved service as a director, officer, partner, trustee, or agent of another organization or employee benefit plan, the position of that person as a director, officer, partner, trustee, employee, or agent, as the case may be, of the other organization or employee benefit plan.

(d)"Proceeding" means a threatened, pending, or completed civil, criminal, administrative, arbitration, or investigative proceeding, including a proceeding by or in the right of the corporation.

(e)"Special legal counsel" means counsel who has not represented the corporation or a related corporation, or a director, officer, employee, or agent whose indemnification is in issue.

Section 9.02 Indemnification Mandatory; Standard.

(a) Subject to the provisions of Section 9.04, the corporation shall indemnify a person made or threatened to be made a party to a proceeding by reason of the former or present official capacity of the person against judgments, penalties, fines, including, without limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements, and reasonable expenses, including attorneys' fees and disbursements, incurred by the person in connection with the proceeding, if, with respect to the acts or omissions of the person complained of in the proceeding, the person:

(1) Has not been indemnified another organization or employee benefit plan for the same judgments, penalties, fines, including, without limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements, and reasonable expenses, including attorneys' fees and disbursements,

incurred by the person in connection with the proceeding with respect to the same acts or omissions;

(2)Acted in good faith;

(3)Received no improper personal benefit and Minnesota Statutes, Section 302A.255, if applicable, has been satisfied;

(4)In the case of a criminal proceeding, had no reasonable cause to believe the conduct was unlawful; and

(5)In the case of acts or omissions occurring in the official capacity described in Section 9.01 paragraph (c), clause (1) or (2), reasonably believed that the conduct was in the best interests of the corporation, or in the case of acts or omissions occurring in the official capacity described in Section 9.01 paragraph (c), clause (3), reasonably believed that the conduct was not opposed to the best interests of the corporation. If the person's acts or omissions complained of in the proceeding relate to conduct as a director, officer, trustee, employee, or agent of an employee benefit plan, the conduct is not considered to be opposed to the best interests of the corporation if the person reasonably believed that the conduct was in the best interests of the participants or beneficiaries of the employee benefit plan.

(b) The termination of a proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent does not, of itself, establish that the person did not meet the criteria set forth in this Section 9.02.

Section 9.03. Advances. Subject to the provisions of Section 9.04, if a person is made or threatened to be made a party to a proceeding, the person is entitled, upon written request to the corporation, to payment or reimbursement by the corporation of reasonable expenses, including attorneys' fees and disbursements, incurred by the person in advance of the final disposition of the proceeding, (a) upon receipt by the corporation of a written affirmation by the person of a good faith belief that the criteria for indemnification set forth in Section 9.02 have been satisfied and a written undertaking by the person to repay all amounts so paid or reimbursed by the corporation, if it is ultimately determined that the criteria for indemnification have not been satisfied, and (b) after a determination that the facts then known to those making the determination would not preclude indemnification under this Article. The written undertaking required by clause (a) is an unlimited general obligation of the person making it, but need not be secured and shall be accepted without reference to financial ability to make the repayment.

Section 9.04. Reimbursement to Witness. The corporation shall reimburse expenses, including attorneys' fees and disbursements, incurred by a person in connection with an appearance as a witness in a proceeding at a time when the person has not been made or threatened to be made a party to a proceeding.

Section 9.05. Determination of Eligibility. (a) All determinations whether indemnification of a person is required because the criteria set forth in Section 9.02 have been satisfied and whether a person is entitled to payment or reimbursement of expenses in advance of the final disposition of a proceeding as provided in Section 9.03 shall be made:

(1) By the Board by a majority of a quorum; Directors who are at the time parties to the proceeding shall not be counted for determining either a majority or the presence of a quorum;

(2)If a quorum under clause (1) cannot be obtained, by a majority of a committee of the Board, consisting solely of two or more directors not at the time parties to the proceeding, duly designated to act in the matter by a majority of the full Board including directors who are parties;

(3)If a determination is not made under clause (1) or (2), by special legal counsel, selected either by a majority of the Board or a committee by vote pursuant to clause (1) or (2) or, if the requisite quorum of the full Board cannot be obtained and the committee cannot be established, by a majority of the full Board including directors who are parties;

(4) if a determination is not made under clauses (1) to (3), by the shareholders, excluding the votes of shares held by parties to the proceeding; or

(5)If an adverse determination is made under clauses (1) to (4) or under paragraph (b), or if no determination is made under clauses (1) to (4) or under paragraph (b) within 60 days after the termination of a proceeding or after a request for an advance of expenses, as the case may be, by a court in this state, which may be the same court in which the proceeding involving the person's liability took place, upon application of the person and any notice the court requires.

(b) With respect to a person who is not, and was not at the time of the acts or omissions complained of in the proceedings, a director, officer, or person possessing, directly or indirectly, the power to direct or cause the direction of the management or policies of the corporation, the determination whether indemnification of this person is required because the criteria set forth in Section 9.02 have been satisfied and whether this person is entitled to payment or reimbursement of expenses in advance of the final disposition of a proceeding as provided in Section 9.03 may be made by an annually appointed committee of the Board, having at least one member who is a director. The committee shall report at least annually to the Board concerning its actions.

Section 9.06. Insurance. The corporation may purchase and maintain insurance on behalf of a person in that person's official capacity against any liability asserted against and incurred by the person in or arising from that capacity, whether or not the corporation would have been required to indemnify the person against the liability under the provisions of this Article.

Section 9.07. Disclosure. The amount of any indemnification or advance paid pursuant to this Article and to whom and on whose behalf it was paid shall be reported as part of the annual financial statements furnished to shareholders pursuant to Minnesota Statutes, Section 302A.463 covering the period when the indemnification or advance was paid or accrued under the accounting method of the corporation reflected in the financial statements.

Section 9.08. Discretionary Indemnification. Nothing in this Article IX shall be construed to limit the ability of the Board of Directors to indemnify any person or entity not described in this Article IX pursuant to, and to the extent described in, an agreement authorized by a majority of the directors then in office.

ARTICLE X
AMENDMENTS

Section 10.01. General Amendment. Except as provided in Section 10.02 below, these Bylaws may be altered, amended or repealed or new Bylaws enacted by the affirmative vote of a majority of the entire Board of Directors (if notice of the proposed alteration or amendment is contained in the notice of the meeting at which such vote is taken or if all directors are present) or at any regular meeting of the shareholders (or at any special meeting thereof duly called for that purpose) by the affirmative vote of a majority of the shares represented and entitled to vote at such meeting (if notice of the proposed alteration or amendment is contained in the notice of such meeting).

Section 10.02. Certain Amendments. Notwithstanding anything contained in Section 10.01 of this Article X to the contrary, either (i) the affirmative vote of the holders of at least two-thirds (2/3) of the votes entitled to be cast by the holders of all shares of the corporation entitled to vote generally in the election of directors, voting together as a single class, or (ii) the affirmative vote of a majority of the entire Board of Directors with the concurring vote of a majority of the Continuing Directors, voting separately and as a subclass of directors, shall be required to alter, amend or repeal, or adopt any provision inconsistent with, Section 2.09 of Article II, Sections 3.02 through 3.07 of Article III, Article IX, and this Section 10.02 of Article X. For purposes of this Article X, the term "Continuing Director" shall mean any member of the Board of Directors who was a member of the Board of Directors on March 25, 1994 or who is elected to the Board of Directors after March 25, 1994 upon the recommendation of a majority of the Continuing Directors then serving as directors, voting separately and as a subclass of directors on such recommendation.

EX-31.1 3 cphc-20200331ex311f2f333.htm EX-31.1 cphc_Ex31_1

Exhibit 31.1

CERTIFICATION

I, Randall D. Sampson certify that:

I have reviewed this quarterly report on Form 10-Q of Canterbury Park Holding Corporation;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d- 15(f)) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case on an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and;

I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

9
Dated: May 13, 2020	CANTERBURY PARK HOLDING CORPORATION

	/s/ Randall D. Sampson
	Randall D. Sampson
	Executive Chairman, President, and Chief Executive Officer

EX-31.2 4 cphc-20200331ex31287b051.htm EX-31.2 cphc_Ex31_2

Exhibit 31.2

CERTIFICATION

I, Randy J. Dehmer certify that:

I have reviewed this quarterly report on Form 10-Q of Canterbury Park Holding Corporation;

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

9
Dated: May 13, 2020	CANTERBURY PARK HOLDING CORPORATION

	/s/ Randy J. Dehmer
	Randy J. Dehmer
	Chief Financial Officer

EX-32 5 cphc-20200331xex32.htm EX-32 cphc_Ex32

Exhibit 32

CERTIFICATION

Pursuant to 18 U.S.C. 1350, the undersigned Chief Executive Officer and Chief Financial Officer of Canterbury Park Holding Corporation (the “Company”) herby certifies that:

(1)

The accompanying quarterly report on Form 10-Q for the period ended March 31, 2020 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

The information contained in the accompanying Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


	CANTERBURY PARK HOLDING CORPORATION

Dated: May 13, 2020	/s/ Randall D. Sampson
	Randall D. Sampson,
	Executive Chairman, President, and Chief Executive Officer


Dated: May 13, 2020	/s/ Randy J. Dehmer
	Randy J. Dehmer
	Chief Financial Officer

EX-99.1 6 cphc-20200331ex9914fa171.htm EX-99.1 cphc_Ex99_1

Exhibit 99.1

CANTERBURY PARK HOLDING CORPORATION ANNOUNCES

FIRST QUARTER 2020 FINANCIAL RESULTS

Shakopee, MN – March 12, 2020 – Canterbury Park Holding Corporation (“Canterbury Park” or “the Company”) (NASDAQ: CPHC) today reported financial results for the first quarter ended March 31, 2020.

($ in thousands, except per share data and percentages)


	Two Months Ended						Month Ended March 31,						Three Months Ended March 31,
	February 29, 2020		February 29, 2019		Increase		2020		2019		Decrease		2020		2019		Increase (Decrease)
Net revenue	$	8,812	$	7,337	20.1	%	$	2,137	$	4,254	(49.8)	%	$	10,949	$	11,591	(5.5)	%
Adjusted EBITDA (1)		1,762		451	290.9	%		(903)		265	(440.8)	%		859		716	20.0	%
Net income (loss)	$	1,000	$	(36)	2887.3	%	$	(745)	$	93	(901.1)	%	$	255	$	57	351.0	%

Basic EPS													$	0.05	$	0.01	400.0	%
Diluted EPS													$	0.05	$	0.01	400.0	%

(1)

Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release.

Management Commentary

“The temporary suspension of our operations on March 16, 2020 as a result of the COVID-19 pandemic was critical to ensure the safety and well-being of our team members and guests despite the significant impact on our business,” said Randy Sampson, President and Chief Executive Officer of Canterbury Park. “The very strong operating results we generated for the first two months of the quarter demonstrate the momentum we are capable of achieving, with year-over-year revenue and Adjusted EBITDA growth in January and February 2020 exceeding internal projections. The strength of our operating results for the first two months of the year is notable because despite the suspension of operations in mid-March, which drove a full-quarter net revenue decline of 5.5%, our Adjusted EBITDA rose 20% and net income increased 351% year over year for the first quarter.

“Since we closed our operations in mid-March, we have acted quickly and prudently to preserve cash and reduce operating expenses by implementing temporary unpaid furloughs, suspending or delaying 2020 planned capital expenditures and suspending the quarterly cash dividend. We believe these actions, combined with our balance sheet that has no long-term debt and our $8 million line of credit, provide the Company with the necessary liquidity and financial flexibility to manage through this challenging operating environment, bring back our valued employees as the economy re-opens and support Canterbury Park’s long-term outlook.

“Our two recent agreements for the sale of land for the development of additional residential units at Canterbury Commons™ are expected to generate cash flow later this year that will strengthen our resources to navigate near-term challenges while marking further material progress on our long-term vision to bring additional exciting lifestyle experiences, energy and excitement to Canterbury Park through the development of vibrant residential, commercial, hospitality and retail elements. These agreements also mark further milestones in unlocking the value of our excess real estate and, when combined with the Triple Crown upscale rental apartment development which remains on track for initial occupancy in June 2020, will comprise the majority of the planned Canterbury Commons residential development.

“While the measures we have taken to respond to the COVID-19 pandemic, including a delay in the start of this year’s race meet and an anticipated shorter meet, will significantly impact our second quarter results, we will look to further build on our strategies to grow player visitation and engagement once we return to operations. One recent example of these efforts was the introduction of the first dealer-assist blackjack games in our Card Casino. While the games were operational for only a few days, early guest feedback was very favorable. These games offer a unique blackjack entertainment experience for our local market and provide us with a new way to engage with players, including potentially new players seeking a low-wager entry point to blackjack.

“The health and well-being of our employees and guests remains our primary concern. We are preparing a detailed plan of operations for the re-opening of Canterbury Park that will offer a safe environment with the highest standards and safety protocols that encompass appropriate social distancing and sanitary measures. When we are able to re-open and begin to return to normalized operations, we believe the range of growth initiatives we have for our Card Casino, pari-mutuel and hospitality operations as well as the near-term outlook for further monetization of our excess real estate will help us to regain the momentum we were generating in early 2020 and support our goal of enhancing shareholder value.”

Canterbury Commons Development Update

The Company recently announced two real estate sales agreements with developers that would add 160 additional residential units at Canterbury Commons™. Pursuant to the two purchase agreements which we expect to close in September 2020, Canterbury would sell approximately 14 acres of land for total consideration of approximately $3.5 million. The agreement with Pulte Homes of Minnesota would result in the development of 109 row homes and townhome buildings, with initial site work scheduled to begin later this year. The agreement with Lifestyle Communities, LLC would result in the development of a cooperative community featuring a 56-unit, four-story building with over 5,000 square feet of amenity spaces.

Construction on Phase One of the Triple Crown Apartments project continued in the first quarter of 2020 with the Company’s joint venture development partner, Doran Companies, continuing its pre-leasing activity for the 321-unit first building, with initial occupancy expected in June 2020. Initial groundwork for Phase Two of the project, which would add another 305 units, is expected to begin later this year.

Collectively, these three development projects would ultimately represent approximately $200 million of potential total development for more than 760 residential units as well as the majority of the residential component of the Canterbury Commons™ Master Development Plan. The Company continues to make progress with developer and partner selection for the balance of the approximately 140 acres that will comprise Canterbury Commons™, with a renewed focus on commercial development including office, retail, hotel and entertainment spaces. Canterbury expects to make additional announcements of new development partners for this phase of development in the near future.

The Company also expects road work will begin soon on the newly re-named Unbridled Avenue on the north side of Canterbury Park. We expect Unbridled Avenue to provide significantly improved access to Canterbury Park, with the construction scheduled to conclude by November 2020.

Summary of 2020 First Quarter Operating Results

The operating results for the three-month period ended March 31, 2020 presented below reflect the impact of the suspension of operations at Canterbury Park on March 16, 2020. The operating results for the three-month period ended March 31, 2019 reflect the impact of disruption and higher costs associated with the renovation of the Card Casino in that period.

For the first two months of the 2020 first quarter period, net revenue increased approximately 20% and Adjusted EBITDA rose 291% compared to the same period in 2019. While the Company anticipated favorable year-over-year comparisons for the first two months of 2020 due to the construction disruption in the Card Casino last year, actual increases in revenues and Adjusted EBITDA for the two-month period far exceeded its expectations.

Net revenues for the three months ended March 31, 2020 decreased 5.5% to $10.9 million compared to $11.6 million for the same period in 2019. Card Casino revenues decreased $339,000, or 4.3%, due to a decrease in poker and table games revenue. Pari-mutuel revenues decreased $195,000, or 13.1%, primarily due to a decrease in simulcast revenue. Food and beverage revenues decreased $234,000, or 17.3%, primarily due to a decrease in volume in the Card Room and concession stands. Other revenues increased $126,000, or 14.8%, due to an increase in space rental and other operating revenues.

Operating expenses for the three months ended March 31, 2020 were $10.8 million, a decrease of $806,000, or 6.9%, compared to operating expenses of $11.6 million for the same period in 2019. This year-over-year decrease in operating expenses reflects reductions in the majority of the Company’s operating expense line items, primarily as a result of the Company’s temporary suspension of operations on March 16, 2020. The Company also recorded a loss on disposal of assets of $113,000 in 2019, primarily due to a write-off of assets disposed of as a result of the renovation of the Card Casino.

Net income and diluted earnings per share for the three months ended March 31, 2020 were $255,000 and $0.05, respectively. Net income and diluted earnings per share for the three months ended March 31, 2019 were $57,000 and $0.01, respectively.

Adjusted EBITDA increased 20.0% to $859,000 in the 2020 first quarter compared to 2019 first quarter adjusted EBITDA of $716,000.

Additional Financial Information

Further financial information for the first quarter ended March 31, 2020 is presented in the accompanying table. Additional information will be provided in the Company’s Form 10-Q Report that will be filed with the Securities and Exchange Commission on or about May 14, 2020.

Use of Non-GAAP Financial Measures

To supplement our financial statements, we also provide investors with information about our EBITDA and Adjusted EBITDA, each of which is a non-GAAP measure. We define EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is not a measure of performance or liquidity calculated in accordance with generally accepted accounting principles ("GAAP"), and should not be considered an alternative to, or more meaningful than, net income as an indicator of our operating performance, or cash flows from operating activities as a measure of liquidity. We have presented EBITDA as a supplemental disclosure because it is a widely used measure of performance and basis for valuation of companies in our industry. Other companies that provide EBITDA information may calculate EBITDA differently than we do. We define Adjusted EBITDA as earnings before interest income, income tax expense, depreciation and amortization and loss from disposal of assets. We have presented Adjusted EBITDA as a supplemental disclosure because it enables investors to understand our results excluding the effect of these four items.

About Canterbury Park

Canterbury Park Holding Corporation owns and operates Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota, the only thoroughbred and quarter horse racing facility in the State. The Company generally offers live racing from May to September. The Card Casino typically hosts card games 24 hours a day, seven days a week, dealing both poker and table games. The Company also conducts year-round wagering on simulcast horse racing and hosts a variety of other entertainment and special events at its Shakopee facility. The Company is redeveloping 140 acres of underutilized land surrounding the Racetrack in a project know as Canterbury Commons. The Company is pursuing several mixed-use development opportunities for this land, directly and through joint ventures. For more information about the Company, please visit www.canterburypark.com.

Cautionary Statement

From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, we may make forward-looking statements concerning possible or anticipated future financial performance, business activities or plans. These statements are typically preceded by the words “believes,” “expects,” “anticipates,” “intends” or similar expressions. For these forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that these forward-looking statements are subject to risks and uncertainties which could affect our actual results and cause actual results to differ materially from those indicated in the forward-looking statements. We report these risks and uncertainties in our Form 10-K Report to the SEC. They include, but are not limited to: any effect that the COVID-19 coronavirus pandemic and resulting precautionary measures may have on us as an entertainment venue or on the economy generally, including the fact that we temporarily suspended all card casino, simulcast, and special events operations at Canterbury Park on March 16, 2020; material fluctuations in attendance at the Racetrack; material changes in the level of wagering by patrons; any decline in interest in the unbanked card games offered in the Card Casino; competition from other venues offering unbanked card games or other forms of wagering; competition from other sports and entertainment options; increases in compensation and employee benefit costs; increases in the percentage of revenues allocated for purse fund payments; higher than expected expense related to new marketing initiatives; the impact of wagering products and technologies introduced by competitors; the general health of the gaming sector; legislative and regulatory decisions and changes; our ability to successfully develop our real estate, including our reliance on our current and future development partners; temporary disruptions or changes in access to our facilities caused by ongoing infrastructure improvements; and other factors that are beyond our ability to control or predict.

# # #


Investor Contact:
Randy Dehmer	Richard Land, Jim Leahy
Vice President and Chief Financial Officer	JCIR
Canterbury Park Holding Corporation	212-835-8500 or cphc@jcir.com

952-233-4828 or investorrelations@canterburypark.com

- Financial tables follow -

CANTERBURY PARK HOLDING CORPORATION’S

SUMMARY OF OPERATING RESULTS


	Three months ended
	March 31,
	2020		2019
Net Operating Revenues	$	10,948,959	$	11,590,798
Operating Expenses		(10,807,264)		(11,613,559)
Income (Loss) from Operations		141,695		(22,761)
Non-Operating Revenues, net		163,690		63,240
Income Tax (Expense) Benefit		(50,164)		16,093
Net Income	$	255,221	$	56,572
Basic Net Income Per Common Share	$	0.05	$	0.01
Diluted Net Income Per Common Share	$	0.05	$	0.01

RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA


	Three months ended
	March 31,
	2020		2019
NET INCOME	$	219,877	$	56,572
Interest income, net		(163,690)		(63,240)
Income tax expense (benefit)		85,508		(16,093)
Depreciation		716,853		625,520
EBITDA		858,548		602,759
Loss on disposal of assets		-		113,437
ADJUSTED EBITDA	$	858,548	$	716,196

GRAPHIC 7 cphc20200331ex9914fa171001.jpg GRAPHIC begin 644 cphc20200331ex9914fa171001.jpg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end GRAPHIC 8 cphc20200331x10q001.jpg GRAPHIC begin 644 cphc20200331x10q001.jpg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end EX-101.INS 9 cphc-20200331.xml EX-101.INS 0001672909 us-gaap:RetainedEarningsMember 2020-03-31 0001672909 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001672909 us-gaap:RetainedEarningsMember 2019-12-31 0001672909 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001672909 us-gaap:RetainedEarningsMember 2019-03-31 0001672909 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001672909 us-gaap:RetainedEarningsMember 2018-12-31 0001672909 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001672909 us-gaap:CommonStockMember 2020-03-31 0001672909 us-gaap:CommonStockMember 2019-12-31 0001672909 us-gaap:CommonStockMember 2019-03-31 0001672909 us-gaap:CommonStockMember 2018-12-31 0001672909 srt:DirectorMember cphc:NonEmployeeBoardMemberStockOptionsMember 2020-01-01 2020-03-31 0001672909 srt:DirectorMember cphc:NonEmployeeBoardMemberDeferredStockMember 2020-03-31 0001672909 srt:DirectorMember us-gaap:RestrictedStockMember 2020-03-31 0001672909 srt:DirectorMember cphc:NonEmployeeBoardMemberStockOptionsMember 2020-03-31 0001672909 srt:DirectorMember cphc:BoardOfDirectorsStockOptionAndRestrictedStockGrantsMember 2020-01-01 2020-03-31 0001672909 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-03-31 0001672909 srt:MinimumMember cphc:CphcLongTermIncentivePlanLtiPlanMember 2020-01-01 2020-03-31 0001672909 us-gaap:FoodAndBeverageMember cphc:IntersegmentMember 2020-01-01 2020-03-31 0001672909 cphc:HorseRacingMember cphc:IntersegmentMember 2020-01-01 2020-03-31 0001672909 cphc:ExternalCustomersMember us-gaap:FoodAndBeverageMember 2020-01-01 2020-03-31 0001672909 cphc:ExternalCustomersMember cphc:HorseRacingMember 2020-01-01 2020-03-31 0001672909 cphc:ExternalCustomersMember cphc:DevelopmentMember 2020-01-01 2020-03-31 0001672909 cphc:ExternalCustomersMember cphc:CardCasinoMember 2020-01-01 2020-03-31 0001672909 cphc:IntersegmentMember 2020-01-01 2020-03-31 0001672909 cphc:ExternalCustomersMember 2020-01-01 2020-03-31 0001672909 us-gaap:FoodAndBeverageMember cphc:IntersegmentMember 2019-01-01 2019-03-31 0001672909 cphc:HorseRacingMember cphc:IntersegmentMember 2019-01-01 2019-03-31 0001672909 cphc:ExternalCustomersMember us-gaap:FoodAndBeverageMember 2019-01-01 2019-03-31 0001672909 cphc:ExternalCustomersMember cphc:HorseRacingMember 2019-01-01 2019-03-31 0001672909 cphc:ExternalCustomersMember cphc:CardCasinoMember 2019-01-01 2019-03-31 0001672909 cphc:IntersegmentMember 2019-01-01 2019-03-31 0001672909 cphc:ExternalCustomersMember 2019-01-01 2019-03-31 0001672909 us-gaap:ProductAndServiceOtherMember us-gaap:CollaborativeArrangementTransactionWithPartyToCollaborativeArrangementMember 2020-01-01 2020-03-31 0001672909 us-gaap:ProductAndServiceOtherMember 2020-01-01 2020-03-31 0001672909 us-gaap:FoodAndBeverageMember 2020-01-01 2020-03-31 0001672909 cphc:PariMutuelMember 2020-01-01 2020-03-31 0001672909 cphc:CasinoRevenueMember 2020-01-01 2020-03-31 0001672909 us-gaap:ProductAndServiceOtherMember 2019-01-01 2019-03-31 0001672909 us-gaap:FoodAndBeverageMember 2019-01-01 2019-03-31 0001672909 cphc:PariMutuelMember 2019-01-01 2019-03-31 0001672909 cphc:CasinoRevenueMember 2019-01-01 2019-03-31 0001672909 cphc:DoranCanterburyIMember 2018-12-31 0001672909 cphc:DoranFamilyHoldingMember 2018-01-01 2018-12-31 0001672909 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001672909 us-gaap:SubsequentEventMember 2020-04-15 2020-04-15 0001672909 us-gaap:ScenarioPlanMember us-gaap:SubsequentEventMember 2020-04-07 2020-04-07 0001672909 us-gaap:ScenarioPlanMember 2020-03-13 2020-03-13 0001672909 cphc:DorianCanterburyLoanTwoMember 2019-12-31 0001672909 cphc:DorianCanterburyLoanOneMember 2019-12-31 0001672909 us-gaap:RevolvingCreditFacilityMember 2020-03-31 0001672909 us-gaap:LetterOfCreditMember 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:DevelopmentMember 2020-01-01 2020-03-31 0001672909 us-gaap:IntersegmentEliminationMember 2020-01-01 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:DevelopmentMember 2019-01-01 2019-03-31 0001672909 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-03-31 0001672909 cphc:DoranCanterburyIiLlcMember cphc:DoranCanterburyIiMember 2018-08-18 0001672909 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001672909 us-gaap:OperatingSegmentsMember us-gaap:FoodAndBeverageMember 2020-01-01 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:HorseRacingMember 2020-01-01 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:CardCasinoMember 2020-01-01 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember 2020-01-01 2020-03-31 0001672909 us-gaap:CollaborativeArrangementTransactionWithPartyToCollaborativeArrangementMember 2020-01-01 2020-03-31 0001672909 us-gaap:ProductAndServiceOtherMember us-gaap:CollaborativeArrangementTransactionWithPartyToCollaborativeArrangementMember 2019-01-01 2019-03-31 0001672909 us-gaap:OperatingSegmentsMember us-gaap:FoodAndBeverageMember 2019-01-01 2019-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:HorseRacingMember 2019-01-01 2019-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:CardCasinoMember 2019-01-01 2019-03-31 0001672909 us-gaap:OperatingSegmentsMember 2019-01-01 2019-03-31 0001672909 cphc:DoranFamilyHoldingMember us-gaap:CoVenturerMember 2018-12-20 2018-12-20 0001672909 us-gaap:CoVenturerMember 2019-01-01 2019-12-31 0001672909 us-gaap:PrimeRateMember us-gaap:CoVenturerMember 2019-01-01 2019-12-31 0001672909 2018-12-31 0001672909 us-gaap:OperatingSegmentsMember us-gaap:FoodAndBeverageMember 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:HorseRacingMember 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:DevelopmentMember 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember cphc:CardCasinoMember 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember 2020-03-31 0001672909 us-gaap:IntersegmentEliminationMember 2020-03-31 0001672909 us-gaap:OperatingSegmentsMember us-gaap:FoodAndBeverageMember 2019-12-31 0001672909 us-gaap:OperatingSegmentsMember cphc:HorseRacingMember 2019-12-31 0001672909 us-gaap:OperatingSegmentsMember cphc:DevelopmentMember 2019-12-31 0001672909 us-gaap:OperatingSegmentsMember cphc:CardCasinoMember 2019-12-31 0001672909 us-gaap:OperatingSegmentsMember 2019-12-31 0001672909 us-gaap:IntersegmentEliminationMember 2019-12-31 0001672909 us-gaap:SubsequentEventMember 2020-04-15 0001672909 us-gaap:ScenarioPlanMember us-gaap:SubsequentEventMember 2020-04-07 0001672909 us-gaap:ScenarioPlanMember 2020-03-13 0001672909 us-gaap:CoVenturerMember 2018-09-27 0001672909 cphc:DoranCanterburyIiMember 2018-08-18 0001672909 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-03-31 0001672909 cphc:DoranFamilyHoldingMember us-gaap:CoVenturerMember 2018-12-20 0001672909 2020-05-01 0001672909 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001672909 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001672909 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001672909 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001672909 cphc:ShakopeeMdewakantonSiouxCommunityMember cphc:MarketingPaymentsToCanterburyParkMember 2020-03-31 0001672909 cphc:ShakopeeMdewakantonSiouxCommunityMember us-gaap:CollaborativeArrangementTransactionWithPartyToCollaborativeArrangementMember 2019-01-01 2019-03-31 0001672909 2019-01-01 2019-12-31 0001672909 cphc:ShakopeeMdewakantonSiouxCommunityMember us-gaap:CollaborativeArrangementTransactionWithPartyToCollaborativeArrangementMember 2020-01-01 2020-03-31 0001672909 cphc:ShakopeeMdewakantonSiouxCommunityMember cphc:PurseEnhancementPaymentsToHorsemenMember 2020-03-31 0001672909 2019-01-01 2019-03-31 0001672909 2019-03-31 0001672909 2020-01-01 2020-03-31 0001672909 2020-03-31 0001672909 2019-12-31 cphc:segment iso4217:USD xbrli:shares xbrli:shares xbrli:pure utr:acre cphc:item iso4217:USD 557696 448175 277000 2167056 1655005 1019658 1274571 P7D 24 hours <div> <div> Checks Written in Excess of Cash Balance – For the three months ended March 31, 2020, the Company included $945,000 of checks written in excess of cash balance within accounts payable on the Condensed Consolidated Balance Sheet. There were no checks written in excess of cash balance as of December 31, 2019. <div /></div> </div> <div> <div> Deferred Revenue – Deferred revenue includes advance sales related to racing, events and corporate partnerships. Revenue from these advance billings is recognized when the related event occurs or services have been performed. Deferred revenue also includes advanced Cooperative Marketing Agreement (“CMA”) promotional funds, for which revenue is recognized when expenses are incurred.   <div /></div> </div> <div> <div> Payable to Horsepersons - The Minnesota Pari-mutuel Horse Racing Act requires the Company to segregate a portion of funds (recorded as purse expense in the statements of operations) received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ association. Pursuant to an agreement with the Minnesota Horsemen’s Benevolent and Protective Association (“MHBPA”), the Company transferred into a trust account or paid directly to the MHBPA, $1,185,000 and $1,260,000 for the three months ended March 31, 2020 and 2019, respectively, related to thoroughbred races. Minnesota Statutes provide that amounts transferred into the trust account are the property of the trust and not of the Company, and therefore these amounts are not recorded on the Company’s Condensed Consolidated Balance Sheet. <div /></div> </div> 2 128328 163184 625757 564151 1260000 1185000 122454 327215 -888915 -1364320 417322 -512051 1939 1921 1939 1921 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="5" valign="middle" style="width:32.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31,  </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Balance Sheet Location </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Assets </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Land, buildings and equipment, net (1) </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 90,273 </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ 115,254 </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating lease right-of-use assets </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 72,911 </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 13,074 </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Leased Assets </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 163,184 </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ 128,328 </td> </tr> </table></div> <div><hr style="border-width:0;width:25%;height:1pt;color:#000;background-color:#000;" align="left"></hr></div> 1  – Finance lease assets are net of accumulated amortization of $29,744 and $5,949 as of March 31, 2020 and 2019, respectively. <div /></div> </div> <div> <div> 9.  LEASES The Company determines if an arrangement is a lease or contains a lease at inception. The Company leases certain office equipment under finance leases. We also lease equipment related to our horse racing operations under operating leases. For lease accounting purposes, we do not separate lease and nonlease components, nor do we record operating or finance lease assets and liabilities for short term leases. As our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date to determine the present value of lease payments. We recognize expense for operating leases on a straight-line basis over the lease term. The Company’s lease agreements do not contain any variable lease payments, material residual value guarantees or any restrictive covenants. Lease costs related to operating leases were $2,031 and $2,127 for the three months ended March 31, 2020 and 2019, respectively. The total lease expenses for leases with a term of twelve months or less for which the Company elected not to recognize a lease asset or liability was $80,680 and $116,691 for the three months ended March 31, 2020 and 2019, respectively. Lease costs included in depreciation and amortization related to our finance leases were $5,949 for the three months ended March 31, 2020 and 2019. Interest expense related to our finance leases was immaterial. The following table shows the classification of the right of use assets on our consolidated balance sheets:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="5" valign="middle" style="width:32.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31,  </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Balance Sheet Location </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Assets </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Land, buildings and equipment, net (1) </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 90,273 </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ 115,254 </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating lease right-of-use assets </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 72,911 </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 13,074 </td> </tr> <tr> <td valign="bottom" style="width:17.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Leased Assets </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:32.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 163,184 </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ 128,328 </td> </tr> </table></div> <div><hr style="border-width:0;width:25%;height:1pt;color:#000;background-color:#000;" align="left"></hr></div> 1  – Finance lease assets are net of accumulated amortization of $29,744 and $5,949 as of March 31, 2020 and 2019, respectively. The following table shows the lease terms and discount rates related to our leases: <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:35.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31,  </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average remaining lease term (in years): </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.4 </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.5 </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.2 </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.8 </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Weighted average discount rate (%): </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Finance </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0% </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0% </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.5% </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0% </td> </tr> </table></div>   The maturity of operating leases and finance leases as of March 31, 2020 are as follows: <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2020 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:19.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:20.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Finance leases </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2020 remaining </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 29,315 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 21,557 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2021 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 23,100 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 28,743 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2022 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 23,100 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 28,743 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2023 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 19,332 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total minimum lease obligations </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 75,515 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 98,375 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Less: amounts representing interest </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (2,604) </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (8,102) </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Present value of minimum lease payments </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 72,911 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 90,273 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Less: current portion </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (27,855) </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (24,807) </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Lease obligations, net of current portion </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 45,056 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 65,466 </td> </tr> </table></div>   <div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:35.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31,  </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average remaining lease term (in years): </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.4 </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.5 </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.2 </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.8 </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Weighted average discount rate (%): </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Finance </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0% </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0% </td> </tr> <tr> <td valign="bottom" style="width:64.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.5% </td> <td valign="bottom" style="width:03.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0% </td> </tr> </table></div>   <div /></div> </div> P90D P90D 5 217695 189744 80 P5Y 140 7380000 7380000 100000 700000 0.20 322115 290611 268366 220849 0 945000 7400000 1395538 1103394 1620000 1620000 P4Y 0.25 10968 18107 28060 24250 -54934 -55044 110 -72379 -72560 181 <div> <div> Summary of Significant Accounting Policies – A detailed description of our significant accounting policies can be found in our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. There were no material changes in significant accounting policies during the quarter ended March 31, 2020. <div /></div> </div> 1700038 148557 9580000 23336500 1700000 149000 false --12-31 Q1 2020 2020-03-31 10-Q 0001672909 4694138 Yes false Non-accelerated Filer Yes CANTERBURY PARK HOLDING CORPORATION false true 3495238 4754400 302037 364353 22733933 23035735 90058 90058 57606 57606 0 19250 19250 9000 10 13 12 11.3 2.4 65413000 65413082 -24036000 89449000 89449000 3327000 29074000 31618000 25430000 65098000 65097832 -23715000 88813000 88813000 3252000 29302000 31020000 25239000 3961888 4350379 <div> <div> Basis of Presentation and Preparation – The accompanying condensed consolidated financial statements include the accounts of the Company (Canterbury Park Holding Corporation and its subsidiaries Canterbury Park Entertainment, LLC; Canterbury Park Concession, Inc.; and Canterbury Development, LLC). Intercompany accounts and transactions have been eliminated. The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2019, included in its Annual Report on Form 10‑K (the “2019 Form 10‑K”). The condensed consolidated balance sheets and the related condensed consolidated statements of operations, stockholders’ equity, and the cash flows for the periods ended March 31, 2020 and 2019 have been prepared by Company management. In the opinion of management, all adjustments (which include only normal recurring adjustments, except where noted) necessary to present fairly the financial position, results of operations, statement of stockholders’ equity, and cash flows at March 31, 2020 and 2019 and for the periods then ended have been made. <div /></div> </div> 227000 298000 355399 <div> <div> Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means. Restricted cash also includes a deposit related to its development operations. The Company deposited $1.2 million with a bank in December 2018 to assist Doran Canterbury I to complete financing for a construction loan. On May 1, 2020, the bank released the deposit back to the Company. Therefore, the Company classified this as short term restricted cash on its Condensed Consolidated Balance Sheet. <div /></div> </div> 11203998 7635503 3927098 3081073 -3568495 -846025 <div> <div> 7.    COOPERATIVE MARKETING AGREEMENT As discussed above in Note 6, on March 4, 2012, the Company entered into the CMA with the SMSC. The primary purpose of the CMA is to increase purses paid during live horse racing at Canterbury Park’s Racetrack in order to strengthen Minnesota’s thoroughbred and quarter horse industry. Under the CMA, as amended, this is achieved through “Purse Enhancement Payments to Horsemen” paid directly to the MHBPA. These payments have no direct impact on the Company’s consolidated financial statements or operations. Under the terms of the CMA, as amended, the SMSC made a payment of $7.4 million during the first three months of 2019, primarily for purse enhancements for the live race meet. As of the date of this filing, the SMSC has not made a payment for the 2020 live race meet. Under the CMA, as amended, SMSC also agreed to make “Marketing Payments” to the Company relating to joint marketing efforts for the mutual benefit of the Company and SMSC, including signage, joint promotions, player benefits, and events. In the respective first quarters of 2015, 2016, 2017, and 2018, the CMA was amended to adjust the payment amounts between the “Purse Enhancement Payments to Horsemen” and “Marketing Payments to Canterbury Park.” SMSC is currently obligated to make the following purse enhancement and marketing payments for 2021 through 2022:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:27.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:27.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:29.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Purse Enhancement Payments to </td> <td valign="top" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:29.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Marketing Payments to </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Year </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:29.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Horsemen (1) </td> <td valign="top" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:29.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Canterbury Park </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2021 </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:27.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 7,380,000 </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:27.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 1,620,000 </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2022 </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:27.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 7,380,000 </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:27.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 1,620,000 </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:27.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:27.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div> <div><hr style="border-width:0;width:25%;height:1pt;color:#000;background-color:#000;" align="left"></hr></div> 1  Includes $100,000 each year payable to various horsemen associations The amounts earned from the marketing payments are recorded as a component of other revenue and the related expenses are recorded as a component of advertising and marketing expense and depreciation in the Company’s condensed consolidated statements of operations. For the three months ended March 31, 2020, the Company recorded $68,000 in other revenue, incurred $30,000 in advertising and marketing expense, and incurred $38,000 in depreciation related to the SMSC marketing funds. For the three months ended March 31, 2019, the Company recorded $75,000 in other revenue and incurred $18,000 in advertising and marketing expense and $57,000 in depreciation related to the SMSC marketing funds. Under the CMA, the Company agreed for the term of the CMA, which is currently scheduled to terminate on December 31, 2022, that it would not promote or lobby the Minnesota legislature for expanded gambling authority and will support the SMSC’s lobbying efforts against expanding gambling authority. <div /></div> </div> <div> <div> 6.    COMMITMENTS AND CONTINGENCIES In accordance with an Earn Out Promissory Note given to the prior owner of the Racetrack as part of the consideration paid by the Company to acquire the Racetrack in 1994, if (i) off-track betting becomes legally permissible in the State of Minnesota and (ii) the Company begins to conduct off-track betting with respect to or in connection with its operations, the Company will be required to pay to the IMR Fund, L.P. the greater of (a) $700,000 per Operating Year, as defined, or (b) 20% of the Net Pretax Profit, as defined for each of five operating years. At this time, management believes that the likelihood that these two conditions will be met and that the Company would be required to pay these amounts is remote. At the date (if any) that these two conditions are met, the five minimum payments would be discounted back to their present value and the sum of those discounted payments would be capitalized as part of the purchase price in accordance with GAAP. The purchase price will be further increased if payments become due under the “20% of Net Pretax Profit” calculation. The first payment would be due 90 days after the end of the third Operating Year in which off-track betting is conducted by the Company. Remaining payments would be made within 90 days of the end of each of the next four Operating Years. The Company entered into a Cooperative Marketing Agreement (the “CMA”) with the Shakopee Mdewakanton Sioux Community (“SMSC”), which became effective March 4, 2012, was amended in the first quarter of each of 2015, 2016, 2017, and 2018, and will expire on December 31, 2022. The CMA contains certain covenants which, if breached, would trigger an obligation to repay a specified amount related to such covenant. At this time, management believes it unlikely that any breach of a covenant will occur, and that therefore the possibility that the Company will be required to pay the specified amount related to any covenant breach is remote. The Company is periodically involved in various claims and legal actions arising in the normal course of business. Management believes that the resolution of any pending claims and legal actions at March 31, 2020 and as of the date of this report, will not have a material impact on the Company’s consolidated financial positions or results of operations.   In August 2018, the Company entered into a Contract for Private Redevelopment with the City of Shakopee in connection with a Tax Increment Financing District (“TIF District”). The Company is obligated to construct certain infrastructure improvements within the TIF District, and will be reimbursed by the City of Shakopee by future tax increment revenue generated from the developed property. The total amount of funding that Canterbury will be paid as reimbursement under the TIF program for these improvements is not guaranteed and will depend on future tax revenues generated from the developed property.  <div /></div> </div> 0.07 0.00 0.01 0.01 10000000 10000000 4644522 4694138 4644522 4694138 46445 46941 1482130 1354821 11613559 10807264 <div> <div> 4.    GENERAL CREDIT AGREEMENT The Company has a general credit and security agreement with a financial institution, which provides a revolving credit line up to $8,000,000 and allows for letters of credit in the aggregate amount of up to $2,000,000 to be issued under the credit agreement. The line of credit is collateralized by all receivables, inventory, equipment, and general intangibles of the Company. This agreement was amended as of September 30, 2019 to extend the maturity date to September 30, 2020. As of March 31, 2020, the outstanding balance on the line of credit was $0.   <div /></div> </div> 0.02 Prime Rate 0.05 P3Y 4404300 4663500 49500 49500 625520 625520 626000 4000 578000 44000 57000 716853 716853 38000 717000 261000 398000 58000 <div> <div> 2.    STOCK-BASED COMPENSATION Long Term Incentive Plan and Award of Deferred Stock The Long Term Incentive Plan (the “LTI Plan”) authorizes the grant of Long Term Incentive Awards that provide an opportunity to Named Executive Officers (“NEOs”) and other Senior Executives to receive a payment in cash or shares of the Company’s common stock to the extent of achievement at the end of a period greater than one year (the “Performance Period”) as compared to Performance Goals established at the beginning of the Performance Period. Currently, there are two awards outstanding that are for three-year periods ending December 31, 2020 and 2021. As a result of the COVID-19 Pandemic, the Company has temporarily suspended its LTI Plan until there is more certainty about the Company’s reopening and future operations. Board of Directors Stock Option, Deferred Stock Awards, and Restricted Stock Grants The Company’s Stock Plan currently authorizes annual grants of restricted stock, deferred stock, stock options, or any combination of the three, to non-employee members of the Board of Directors at the time of the Company’s annual shareholders’ meeting as determined by the Board prior to each such meeting. Options granted under the Plan generally expire 10 years after the grant date. Restricted stock and deferred stock grants generally vest 100% one year after the date of the annual meeting at which they were granted, are subject to restrictions on resale for an additional year, and are subject to forfeiture if a board member terminates his or her board service prior to the shares vesting. The Board of Directors’ unvested deferred stock awards as of March 31, 2020 consisted of 12,604 shares with a weighted average fair value per share of $12.69. There were no unvested restricted stock or stock options outstanding at March 31, 2020. Stock-based compensation expense related to the LTI Plan, deferred stock awards and restricted stock awards is included on the Condensed Consolidated Statements of Operations and totaled $58,000 and $90,000 for the three months ended March 31, 2020 and 2019, respectively. Employee Stock Option Grants The Company has granted incentive stock options to employees pursuant to the Company’s Stock Plan with an exercise price equal to the market price on the date of grant. The options vest over a 42‑month period and expire in 10 years. A summary of stock option activity as of March 31, 2020 and changes during the three months then ended is presented below:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;"> Weighted </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;"> Weighted </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;"> Average </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;"> Average </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;"> Remaining </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;"> Aggregate </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;"> Number of </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;"> Exercise </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;"> Contractual </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;"> Grant Date </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Stock Options </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Options </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Price </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Term </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Fair Value </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Outstanding at January 1, 2020 </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> 33,250 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $ </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.64 </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;"> Granted </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">  - </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">  - </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;"> Exercised </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;"> (24,250) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;"> 8.28 </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;"> Expired/Forfeited </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">  - </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">  - </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> Outstanding at March 31, 2020 </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 9,000 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> $ </td> <td valign="middle" style="width:07.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13.30 </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 0.8 Years </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> $ </td> <td valign="middle" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 119,700 </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> Exercisable at March 31, 2020 </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 9,000 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> $ </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13.30 </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 0.8 Years </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> $ </td> <td valign="middle" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 119,700 </td> </tr> </table></div>   <div /></div> </div> 320226 320226 324439 320000 3528927 3533829 2940000 0.01 0.01 0.05 0.05 0.01 0.01 0.05 0.05 <div> <div> 3.    NET INCOME PER SHARE COMPUTATIONS The following is a reconciliation of the numerator and denominator of the earnings per common share computations for the three months ended March 31, 2020 and 2019:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="5" valign="bottom" style="width:34.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31,  </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:15.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:15.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net income (numerator) amounts used for basic and diluted per share computations: </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="middle" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 255,221 </td> <td valign="middle" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 56,572 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Weighted average shares (denominator) of common stock outstanding: </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">    </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">    </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Basic </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 4,659,579 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 4,559,477 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Plus dilutive effect of stock options </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 3,096 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 53,768 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Diluted </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 4,662,675 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 4,613,245 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net income per common share: </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">    </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">    </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Basic </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 0.05 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 0.01 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Diluted </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 0.05 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 0.01 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   Options to purchase 9,000 shares of common stock at an average price of $13.30 per share were outstanding but not included in the computation of diluted net income per share for the three months ended March 31, 2020 because the exercise price of the options exceeded the market price of the Company’s common stock at March 31, 2020. There were no out-of-the money options at March 31, 2019; thus, all outstanding options to purchase shares of common stock were included in the computation of diluted net income per share. <div /></div> </div> 2254379 890059 116312 160967 0.274 0.726 0.2740 2992633 2992633 90273 24500 24807 24807 <div> <div> The maturity of operating leases and finance leases as of March 31, 2020 are as follows: <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2020 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:19.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:20.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Finance leases </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2020 remaining </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 29,315 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 21,557 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2021 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 23,100 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 28,743 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2022 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 23,100 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 28,743 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2023 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 19,332 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total minimum lease obligations </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 75,515 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 98,375 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Less: amounts representing interest </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (2,604) </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (8,102) </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Present value of minimum lease payments </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 72,911 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 90,273 </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Less: current portion </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (27,855) </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (24,807) </td> </tr> <tr> <td valign="bottom" style="width:52.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Lease obligations, net of current portion </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 45,056 </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 65,466 </td> </tr> </table></div>   <div /></div> </div> 71784 65466 65466 98375 19332 28743 28743 21557 8102 5738 6011 115254 90273 5949 5949 us-gaap:PropertyPlantAndEquipmentNet 0.050 0.050 P4Y6M P3Y4M24D -113437 -113437 5949 29744 40479 40000 216000 -176000 -176000 1110000 -22000 -1176000 -88000 305385 305000 322000 -17000 -17000 965000 74000 -896000 -160000 -2377 88075 9708856 9857413 -16093 -16000 441000 -8000 -414000 -35000 50164 50000 158000 12000 -94000 -26000 302777 960781 69385 67218 -61754 -127309 -94800 -259200 -357158 645771 40457 -74733 222443 254913 2000 11000 390118 288878 5745287 5577893 75515 23100 23100 29315 2604 15996972 15203715 65413082 65097832 11475832 10429693 4521140 4774022 0 2000000 8000000 8000000 178100 137000 190329 18000 183988 30000 -227795 -326237 -4801419 -870608 1460719 350820 56572 56572 255221 255221 63240 163690 2910000 4 4 -22761 141695 2127 2031 116691 80680 72911 29776 27855 27855 45056 45056 45056 13074 74832 72911 72911 us-gaap:OperatingLeaseRightOfUseAsset 0.050 0.055 P1Y9M18D P1Y2M12D <div> <div> 1.    OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business – The Company’s Racetrack operations are conducted at facilities located in Shakopee, Minnesota, approximately 25 miles southwest of downtown Minneapolis. In May 1994, the Company commenced year-round horse racing simulcast operations and hosted the first annual live race meet during the summer of 1995. The Company’s live racing operations are a seasonal business as it typically hosts live race meets each year from May until September. The Company earns additional pari-mutuel revenue by televising its live racing to out-of-state racetracks around the country. Canterbury Park’s Card Casino typically operates 24 hours a day, seven days a week and is limited by Minnesota State law to conducting card play on a maximum of 80 tables. The Card Casino currently offers a variety of poker and table games. The Company’s three largest sources of revenues include: Card Casino operations, pari-mutuel operations and food and beverage sales. The Company also derives revenues from related services and activities, such as admissions, advertising signage, publication sales, and from other entertainment events and activities held at the Racetrack. Additionally, the Company is developing approximately 140 acres of underutilized land surrounding the Racetrack in a project known as Canterbury Commons. The Company is pursuing several mixed-use development opportunities for this land, directly and through joint ventures. In January 2020, an outbreak of a respiratory illness caused by a new strain of coronavirus was identified. The disease has since spread rapidly across the world, causing the World Health Organization to declare the outbreak a pandemic (the “COVID-19 Pandemic”) on March 12, 2020. Since that time, measures have been taken to limit the impact of COVID-19, including shelter-in-place orders, social distancing measures, travel bans and restrictions, and business and government shutdowns. On March 16, 2020, the Company announced that, based on the advice of Minnesota state and regulatory bodies, it was temporarily suspending all card casino, simulcast, and special events operations at Canterbury Park in response to concerns about the COVID-19 Pandemic. Canterbury Park determined this voluntary suspension of activities was in the best interest of the health and safety of its guests and team members and would provide the Company an opportunity to review and update operational best practices and strategies based on what was currently known about this public health situation and future developments. Despite a strong start to the year, the disruptions arising from the COVID-19 Pandemic had a significant impact on the Company's financial condition and operations during the three months ended March 31, 2020. The duration and intensity of this global health emergency and related disruptions is uncertain. Given the dynamic nature of these circumstances, the impact on the Company’s consolidated results of operations, cash flows and financial condition in 2020 will be material, but cannot be reasonably estimated at this time as it is unknown when the COVID-19 Pandemic will end, when or how quickly the current travel restrictions will be modified or cease to be necessary and the resulting impact on the Company’s business and the willingness of customers to spend on entertainment. The Company has a consolidated balance sheet with no long-term debt and an $8 million credit line that is anticipated to provide the Company with the necessary liquidity and financial flexibility to manage through this challenging operating environment. We have taken significant actions to mitigate the effects of the COVID-19 Pandemic on our operations, including initiating workforce reductions and furloughs, suspending the Company’s quarterly cash dividend, reducing working capital, postponing non-essential capital expenditures, reducing operating costs, and substantially reducing discretionary spending. We expect these countermeasures to partially mitigate the impacts of COVID-19 on our full year 2020 financial results. As the impact of the COVID-19 Pandemic on the economy and our operations evolves, we will continue to assess the impact on the Company and respond accordingly. Basis of Presentation and Preparation – The accompanying condensed consolidated financial statements include the accounts of the Company (Canterbury Park Holding Corporation and its subsidiaries Canterbury Park Entertainment, LLC; Canterbury Park Concession, Inc.; and Canterbury Development, LLC). Intercompany accounts and transactions have been eliminated. The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2019, included in its Annual Report on Form 10‑K (the “2019 Form 10‑K”). The condensed consolidated balance sheets and the related condensed consolidated statements of operations, stockholders’ equity, and the cash flows for the periods ended March 31, 2020 and 2019 have been prepared by Company management. In the opinion of management, all adjustments (which include only normal recurring adjustments, except where noted) necessary to present fairly the financial position, results of operations, statement of stockholders’ equity, and cash flows at March 31, 2020 and 2019 and for the periods then ended have been made. Summary of Significant Accounting Policies – A detailed description of our significant accounting policies can be found in our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. There were no material changes in significant accounting policies during the quarter ended March 31, 2020. Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means. Restricted cash also includes a deposit related to its development operations. The Company deposited $1.2 million with a bank in December 2018 to assist Doran Canterbury I to complete financing for a construction loan. On May 1, 2020, the bank released the deposit back to the Company. Therefore, the Company classified this as short term restricted cash on its Condensed Consolidated Balance Sheet. Deferred Revenue – Deferred revenue includes advance sales related to racing, events and corporate partnerships. Revenue from these advance billings is recognized when the related event occurs or services have been performed. Deferred revenue also includes advanced Cooperative Marketing Agreement (“CMA”) promotional funds, for which revenue is recognized when expenses are incurred.   Payable to Horsepersons - The Minnesota Pari-mutuel Horse Racing Act requires the Company to segregate a portion of funds (recorded as purse expense in the statements of operations) received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ association. Pursuant to an agreement with the Minnesota Horsemen’s Benevolent and Protective Association (“MHBPA”), the Company transferred into a trust account or paid directly to the MHBPA, $1,185,000 and $1,260,000 for the three months ended March 31, 2020 and 2019, respectively, related to thoroughbred races. Minnesota Statutes provide that amounts transferred into the trust account are the property of the trust and not of the Company, and therefore these amounts are not recorded on the Company’s Condensed Consolidated Balance Sheet. Checks Written in Excess of Cash Balance – For the three months ended March 31, 2020, the Company included $945,000 of checks written in excess of cash balance within accounts payable on the Condensed Consolidated Balance Sheet. There were no checks written in excess of cash balance as of December 31, 2019. Revenue Recognition – The Company’s primary revenues with customers consist of Card Casino operations, pari-mutuel wagering on simulcast and live horse races, and food and beverage transactions. We determine revenue recognition through the following steps:       Identification of the contract, or contracts, with a customer       Identification of the performance obligations in the contract       Determination of the transaction price       Allocation of the transaction price to the performance obligation in the contract       Recognition of revenue when, or as, we satisfy a performance obligation The transaction price for a Card Casino contract is a set percentage of wagers and is recognized at the time that the wagering process is complete. The transaction price for pari-mutuel wagering is the commission received on a wager, exclusive of any track fees and is recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body. The transaction price for food and beverage contracts is the net amount collected from the customer for these goods. Food and beverage services have been determined to be separate, stand-alone performance obligations and the transaction price is recorded as revenue as the good is transferred to the customer when delivery is made. Contracts for Card Casino operations and pari-mutuel wagering involve two performance obligations for those customers earning points under the Company’s loyalty program and a single performance obligation for customers who do not participate in the program. The Company applies a practical expedient by accounting for its gaming contracts on a portfolio basis as these wagers have similar characteristics and the Company reasonably expects the effects on the financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from what would result if the guidance were applied on an individual wagering contract. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with the loyalty points earned, the Company allocates an amount to the loyalty point contract liability based on the stand-alone redemption value of the points earned, which is determined by the value of a point that can be redeemed for a cash voucher, food and beverage voucher, racing admission, valet parking, or racing forms. Based on past experience, the majority of customers redeem their points for cash vouchers. Therefore, there are no further performance obligations by the Company. We have two general types of liabilities related to contracts with customers: (1) our MVP Loyalty Program and (2) outstanding chip liability. These are included in the line item Card Casino accruals on the consolidated balance sheet. We defer the full retail value of these complimentary reward items until the future revenue transaction occurs. The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program. We evaluate our on-track revenue, export revenue, and import revenue contracts to determine whether we are acting as the principal or as the agent when providing services, which we consider in determining if revenue should be reported gross or net. An entity is a principal if it controls the specified service before that service is transferred to a customer. The revenue we recognize for on-track revenue and import revenue is the commission we are entitled to retain for providing a wagering service to our customers. For these arrangements, we are the principal as we control the wagering service; therefore, any charges, including simulcast fees, we incur for delivering the wagering service are presented as operating expenses. For export revenue, our customer is the third party wagering site such as a racetrack, OTB, or advance deposit wagering provider. Therefore, the revenue we recognize for export revenue is the simulcast host fee we earn for exporting our racing signal to the third party wagering site. <div /></div> </div> 1143129 987457 63240 -63000 -55000 -8000 163690 -164000 -173000 9000 3101381 825937 -103886 316938 324439 54934 72379 501493 528000 149815 76592 1450000 2500000 2400000 1100000 966386 972324 56572 56572 56572 255221 255221 255221 43833702 44241167 <div> <div> 8.  REAL ESTATE DEVELOPMENT Equity Investment On April 2, 2018, the Company’s subsidiary Canterbury Development LLC, entered into an Operating Agreement (“Operating Agreement”) with an affiliate of Doran Companies (“Doran”), a national commercial and residential real estate developer, as the two members of a Minnesota limited liability company named Doran Canterbury I, LLC (Doran Canterbury I). Doran Canterbury I was formed as part of a joint venture between Doran and Canterbury Development LLC to construct an upscale apartment complex on land adjacent to the Company’s Racetrack (the “Project”). Doran Canterbury I is developing Phase I of the Project, which will include approximately 300 units, a heated parking ramp, and a clubhouse. On September 27, 2018, Canterbury Development LLC contributed approximately 13 acres of land as its equity contribution in the Doran Canterbury I joint venture and became a 27.4% equity member. On December 20, 2018, financing for Doran Canterbury I was secured. As the Company is able to assert significant influence, but not control, over Doran Canterbury I’s operational and financial policies, the Company accounts for the joint venture as an equity method investment. In connection with the execution of the Amended Doran Canterbury I Agreement, on August 18, 2018, Canterbury Development LLC entered into an Operating Agreement with Doran Shakopee, LLC as the two members of a Minnesota limited liability company entitled Doran Canterbury II, LLC (“Doran Canterbury II”). Under the Doran Canterbury II Operating Agreement, Doran Canterbury II will pursue development of Phase II of the Project, which is expected to begin upon rental stabilization of Phase I. Phase II will include an additional 300 apartment units. Canterbury Development’s equity contribution to Doran Canterbury II for Phase II will be approximately 10 acres of land. In connection with its contribution, Canterbury Development became a 27.4% equity member in Doran Canterbury II with Doran owning the remaining 72.6%.   Tax Increment Financing On August 8, 2018, the City Council of the City of Shakopee, Minnesota approved a Contract for Private Redevelopment (“Redevelopment Agreement”) between the City of Shakopee Economic Development Authority (“Shakopee EDA”) and Canterbury Park Holding Corporation and its subsidiary Canterbury Development LLC in connection with a Tax Increment Financing District (“TIF District”) that the City had approved in April 2018. The City of Shakopee, the Shakopee EDA and the Company entered into the Redevelopment Agreement on August 10, 2018.   Under the Redevelopment Agreement, the Company has agreed to undertake a number of specific infrastructure improvements within the TIF District, including the development of public streets, utilities, sidewalks, and other public infrastructure. More specifically, the Company is obligated to construct improvements on Shenandoah Drive and Barenscheer Boulevard with these improvements required to be substantially complete on or before December 31, 2019 and December 31, 2020, respectively. As of December 31, 2019, improvements to Shenandoah Drive were substantially complete.   Under the Redevelopment Agreement, the City of Shakopee has agreed that a portion of the tax increment revenue generated from the developed property will be paid to the Company to reimburse it for its expense in constructing infrastructure improvements. The total estimated cost of TIF eligible improvements to be borne by the Company is $23,336,500. A detailed Schedule of the Public Improvements under the Redevelopment Agreement, the timeline for their construction and the source and amount of funding is set forth on Exhibit C of the Redevelopment Agreement, which was filed as Exhibit 10.1 to the Company’s Form 10-Q for the quarter ended March 31, 2018. The total amount of funding that Canterbury will be paid as reimbursement under the TIF program for these improvements is not guaranteed, however, and will depend on future tax revenues generated from the developed property. As of March 31, 2020, the Company recorded a TIF receivable of $9,857,000, which represents $9,580,000 of principal and $277,000 of interest.   The Company expects to finance its improvements under the Redevelopment Agreement with funds from its current operating resources and existing credit facility and, potentially, third-party financing sources.    Purchase and Sale Agreement   On March 13, 2020, the Company entered into an agreement to sell approximately 12 acres of land on the East side of the Racetrack to a third party for total consideration of approximately $2.5 million. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.     <div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:18.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31,  </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:18.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31,  </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:18.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:18.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Assets </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">    </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">    </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total assets for reportable segments </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 88,813 </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 89,449 </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Elimination of intercompany balances </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (23,715) </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (24,036) </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total consolidated assets </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 65,098 </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 65,413 </td> </tr> </table></div>   <div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Income before income taxes </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total segment income before income taxes </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (17) </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (176) </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Elimination of intersegment income before income taxes </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 322 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 216 </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total consolidated income before income taxes </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 305 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 40 </td> </tr> </table></div>   <div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="5" valign="bottom" style="width:31.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2020 </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:14.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:14.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Revenues </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total net revenue for reportable segments </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 11,281 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 12,010 </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Elimination of intersegment revenues </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (332) </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (419) </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total consolidated net revenues </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 10,949 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 11,591 </td> </tr> </table></div>   <div /></div> </div> 268000 <div> <div> 10.  RELATED PARTY RECEIVABLES On December 20, 2018, the Company entered into a loan agreement with Doran Family Holdings, which is the controlling partner in the Doran Canterbury I joint venture. The Company loaned Doran Family Holdings $2,910,000 net of loan origination fees, and received a promissory note totaling $2,940,000 bearing interest at 5%. The note will mature at the earliest of (i) the date of closing by Doran Canterbury II, LLC on Phase II Project Financing; (ii) the closing on any purchase of the Phase II Land by Doran Shakopee, LLC pursuant to its option under Section 3.9(a) of the Doran Canterbury II Operating Agreement; (iii) the date of final determination that the Phase II Project will not be developed by Doran Canterbury II, LLC; or (iv) three (3) years following the date of the note. Management believes no allowance for doubtful accounts is necessary.   In 2018, the Company incurred $268,000 of costs for preliminary grading work on parcels of land the Company has designated for Doran Canterbury II. The Company will be fully reimbursed for these costs upon the commencement of the Doran Canterbury II project and thus, recorded the amount as a receivable. Although there is a possibility Doran Canterbury II will not materialize, the Company currently believes this likelihood is remote.   In 2019, the Company loaned money to the Doran Canterbury I joint venture in two separate loans in the amounts of $178,100 and $137,000, respectively. These member loans bear interest at the rate equal to the Prime Rate plus two percent per annum. The Company expects to be fully reimbursed for these member loans when the joint venture achieves positive cash flow. <div /></div> </div> 1450000 2308955 3081073 1200000 1262744 26635732 26811441 11590798 7899964 1490809 1352801 847224 75000 10948959 7561172 1296026 1118995 972766 68000 <div> <div> Revenue Recognition – The Company’s primary revenues with customers consist of Card Casino operations, pari-mutuel wagering on simulcast and live horse races, and food and beverage transactions. We determine revenue recognition through the following steps:       Identification of the contract, or contracts, with a customer       Identification of the performance obligations in the contract       Determination of the transaction price       Allocation of the transaction price to the performance obligation in the contract       Recognition of revenue when, or as, we satisfy a performance obligation The transaction price for a Card Casino contract is a set percentage of wagers and is recognized at the time that the wagering process is complete. The transaction price for pari-mutuel wagering is the commission received on a wager, exclusive of any track fees and is recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body. The transaction price for food and beverage contracts is the net amount collected from the customer for these goods. Food and beverage services have been determined to be separate, stand-alone performance obligations and the transaction price is recorded as revenue as the good is transferred to the customer when delivery is made. Contracts for Card Casino operations and pari-mutuel wagering involve two performance obligations for those customers earning points under the Company’s loyalty program and a single performance obligation for customers who do not participate in the program. The Company applies a practical expedient by accounting for its gaming contracts on a portfolio basis as these wagers have similar characteristics and the Company reasonably expects the effects on the financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from what would result if the guidance were applied on an individual wagering contract. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with the loyalty points earned, the Company allocates an amount to the loyalty point contract liability based on the stand-alone redemption value of the points earned, which is determined by the value of a point that can be redeemed for a cash voucher, food and beverage voucher, racing admission, valet parking, or racing forms. Based on past experience, the majority of customers redeem their points for cash vouchers. Therefore, there are no further performance obligations by the Company. We have two general types of liabilities related to contracts with customers: (1) our MVP Loyalty Program and (2) outstanding chip liability. These are included in the line item Card Casino accruals on the consolidated balance sheet. We defer the full retail value of these complimentary reward items until the future revenue transaction occurs. The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program. We evaluate our on-track revenue, export revenue, and import revenue contracts to determine whether we are acting as the principal or as the agent when providing services, which we consider in determining if revenue should be reported gross or net. An entity is a principal if it controls the specified service before that service is transferred to a customer. The revenue we recognize for on-track revenue and import revenue is the commission we are entitled to retain for providing a wagering service to our customers. For these arrangements, we are the principal as we control the wagering service; therefore, any charges, including simulcast fees, we incur for delivering the wagering service are presented as operating expenses. For export revenue, our customer is the third party wagering site such as a racetrack, OTB, or advance deposit wagering provider. Therefore, the revenue we recognize for export revenue is the simulcast host fee we earn for exporting our racing signal to the third party wagering site. <div /></div> </div> 11591000 11591000 419000 -419000 12010000 7900000 2292000 1399000 116000 303000 10949000 10949000 332000 -332000 11281000 7561000 9000 2197000 1182000 70000 262000 15000 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:27.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:27.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:29.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Purse Enhancement Payments to </td> <td valign="top" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:29.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Marketing Payments to </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Year </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:29.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Horsemen (1) </td> <td valign="top" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:29.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Canterbury Park </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2021 </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:27.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 7,380,000 </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:27.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 1,620,000 </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2022 </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:27.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 7,380,000 </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:27.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 1,620,000 </td> </tr> <tr> <td valign="bottom" style="width:35.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:27.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:27.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div> <div><hr style="border-width:0;width:25%;height:1pt;color:#000;background-color:#000;" align="left"></hr></div> 1  Includes $100,000 each year payable to various horsemen associations <div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="5" valign="bottom" style="width:34.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31,  </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:15.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:15.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net income (numerator) amounts used for basic and diluted per share computations: </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="middle" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 255,221 </td> <td valign="middle" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 56,572 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Weighted average shares (denominator) of common stock outstanding: </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">    </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">    </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Basic </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 4,659,579 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 4,559,477 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Plus dilutive effect of stock options </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 3,096 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 53,768 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Diluted </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 4,662,675 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 4,613,245 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net income per common share: </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">    </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">    </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Basic </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 0.05 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 0.01 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Diluted </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 0.05 </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 0.01 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:59.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2020 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Horse Racing </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Card Casino </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Food and Beverage </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Development </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Total </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net revenues from external customers </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2,197 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 7,561 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 1,182 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  9 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 10,949 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Intersegment revenues </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 70 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 262 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 332 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net interest (expense) income </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (9) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 173 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 164 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Depreciation </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 398 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 261 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 58 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 717 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Segment (loss) income before income taxes </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (896) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 965 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (160) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 74 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (17) </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Segment tax expense (benefit) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (94) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 158 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (26) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 12 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 50 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:59.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2020 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Segment Assets </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 31,020 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 3,252 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 25,239 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 29,302 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 88,813 </td> </tr> </table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:59.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Horse Racing </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Card Casino </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Food and Beverage </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Development </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Total </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net revenues from external customers </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2,292 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 7,900 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 1,399 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 11,591 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Intersegment revenues </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 116 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 303 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 419 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net interest income </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  8 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 55 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 63 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Depreciation </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 578 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  4 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 44 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 626 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Segment (loss) income before income taxes </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (1,176) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 1,110 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (88) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (22) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (176) </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Segment tax expense (benefit) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (414) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 441 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (35) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (8) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (16) </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:59.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Segment Assets </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 31,618 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 3,327 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 25,430 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 29,074 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 89,449 </td> </tr> </table></div>   <div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;"> Weighted </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;"> Weighted </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;"> Average </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;"> Average </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;"> Remaining </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:10.00pt;padding:0pt;"> Aggregate </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;"> Number of </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;"> Exercise </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;"> Contractual </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:13.15pt;padding:0pt;"> Grant Date </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Stock Options </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Options </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Price </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Term </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.50pt;padding:0pt;"> Fair Value </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:11.95pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Outstanding at January 1, 2020 </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> 33,250 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $ </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.64 </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;"> Granted </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">  - </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">  - </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.95pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;"> Exercised </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;"> (24,250) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;"> 8.28 </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:13.05pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;"> Expired/Forfeited </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">  - </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">  - </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.90pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> Outstanding at March 31, 2020 </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 9,000 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> $ </td> <td valign="middle" style="width:07.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13.30 </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 0.8 Years </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> $ </td> <td valign="middle" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 119,700 </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="middle" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:54.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> Exercisable at March 31, 2020 </td> <td valign="bottom" style="width:00.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:08.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 9,000 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> $ </td> <td valign="middle" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13.30 </td> <td valign="middle" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="middle" style="width:09.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 0.8 Years </td> <td valign="bottom" style="width:00.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> $ </td> <td valign="middle" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:11.95pt;padding:0pt;"> 119,700 </td> </tr> </table></div>   <div /></div> </div> <div> <div> 5.    OPERATING SEGMENTS The Company has four reportable operating segments: horse racing, Card Casino, food and beverage, and development. The horse racing segment primarily represents simulcast and live horse racing operations. The Card Casino segment represents operations of Canterbury Park’s Card Casino, the food and beverage segment represents food and beverage operations provided during simulcast and live racing, in the Card Casino, and during special events. The development segment represents our real estate development operations. The Company’s reportable operating segments are strategic business units that offer different products and services. They are managed separately because the segments differ in the nature of the products and services provided as well as process to produce those products and services. The Minnesota Racing Commission regulates the horse racing and Card Casino segments. Depreciation, interest and income taxes are allocated to the segments, but no allocation is made to the food and beverage segment for shared facilities. However, the food and beverage segment pays approximately 25% of gross revenues earned on live racing and special event days to the horse racing segment for use of the facilities. The following tables represent a disaggregation of revenues from contracts with customers along with the Company’s operating segments (in 000’s):   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:59.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2020 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Horse Racing </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Card Casino </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Food and Beverage </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Development </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Total </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net revenues from external customers </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2,197 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 7,561 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 1,182 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  9 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 10,949 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Intersegment revenues </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 70 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 262 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 332 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net interest (expense) income </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (9) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 173 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 164 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Depreciation </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 398 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 261 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 58 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 717 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Segment (loss) income before income taxes </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (896) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 965 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (160) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 74 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (17) </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Segment tax expense (benefit) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (94) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 158 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (26) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 12 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 50 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:59.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2020 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Segment Assets </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 31,020 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 3,252 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 25,239 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 29,302 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 88,813 </td> </tr> </table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:59.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Horse Racing </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Card Casino </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Food and Beverage </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Development </td> <td valign="middle" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="middle" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Total </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net revenues from external customers </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2,292 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 7,900 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 1,399 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 11,591 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Intersegment revenues </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 116 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 303 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 419 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net interest income </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  8 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 55 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 63 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Depreciation </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 578 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  4 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 44 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  - </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 626 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Segment (loss) income before income taxes </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (1,176) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 1,110 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (88) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (22) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (176) </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Segment tax expense (benefit) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (414) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 441 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (35) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (8) </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (16) </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:59.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:37.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Segment Assets </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 31,618 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 3,327 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 25,430 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 29,074 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 89,449 </td> </tr> </table></div>     The following are reconciliations of reportable segment revenues, income before income taxes, and assets, to the Company’s consolidated totals (in 000’s):   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="5" valign="bottom" style="width:31.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2020 </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:14.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:14.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Revenues </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total net revenue for reportable segments </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 11,281 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 12,010 </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Elimination of intersegment revenues </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (332) </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (419) </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total consolidated net revenues </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 10,949 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 11,591 </td> </tr> </table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Income before income taxes </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total segment income before income taxes </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (17) </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (176) </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Elimination of intersegment income before income taxes </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 322 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 216 </td> </tr> <tr> <td valign="bottom" style="width:65.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total consolidated income before income taxes </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 305 </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 40 </td> </tr> </table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:18.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31,  </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:18.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31,  </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:18.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:18.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Assets </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">    </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">    </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total assets for reportable segments </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 88,813 </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 89,449 </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Elimination of intercompany balances </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (23,715) </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> (24,036) </td> </tr> <tr> <td valign="bottom" style="width:56.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total consolidated assets </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 65,098 </td> <td valign="bottom" style="width:03.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:16.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 65,413 </td> </tr> </table></div>   <div /></div> </div> P1Y P42M P1Y 1.00 12604 0 12.69 P10Y P10Y 119700 9000 13.30 P9M18D 119700 33250 9000 9.64 13.30 8.28 13.30 P9M18D 4527685 4574658 4644522 4694138 103886 46734350 21420886 45277 25268187 46771947 21783690 45747 24942510 49416110 49416110 22733933 46445 26635732 49894117 49894117 23035735 46941 26811441 8111 17179 5697 24250 116393 116312 81 160967 160795 172 67339 67282 57 172392 172111 281 200790 200548 242 90058 57606 5863 9920 89997 27915 59 62023 124198 44587 99 79512 <div> <div> 11.  SUBSEQUENT EVENTS   As part of its development efforts, the Company has recently entered into two real estate purchase and sale agreements. On April 7, 2020, the Company entered into an agreement to sell approximately 11.3 acres of land on the West side of the Racetrack to a third party for total consideration of approximately $2,400,000. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.  On April 15, 2020, the Company entered into an agreement to sell approximately 2.4 acres of land on the West side of the Racetrack to a third party for total consideration of approximately $1,100,000. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.   <div /></div> </div> 120960 53768 3096 4613245 4613245 4662675 4662675 4559477 4559477 4659579 4659579 EX-101.SCH 10 cphc-20200331.xsd EX-101.SCH 00100 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 40302 - Disclosure - NET INCOME PER SHARE COMPUTATIONS (Details) link:presentationLink link:calculationLink link:definitionLink 40904 - Disclosure - LEASES (Schedule of maturities of operating and financing leases) (Details) link:presentationLink link:calculationLink link:definitionLink 41104 - Disclosure - LEASES - Maturities (Details) (Calc 2) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - STOCK-BASED COMPENSATION link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - NET INCOME PER SHARE COMPUTATIONS link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - GENERAL CREDIT AGREEMENT link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - OPERATING SEGMENTS link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - COOPERATIVE MARKETING AGREEMENT link:presentationLink link:calculationLink link:definitionLink 30203 - Disclosure - STOCK-BASED COMPENSATION (Tables) link:presentationLink link:calculationLink link:definitionLink 30303 - Disclosure - NET INCOME PER SHARE COMPUTATIONS (Tables) link:presentationLink link:calculationLink link:definitionLink 30503 - Disclosure - OPERATING SEGMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 30703 - Disclosure - COOPERATIVE MARKETING AGREEMENT (Tables) link:presentationLink link:calculationLink link:definitionLink 30903 - Disclosure - LEASES (Tables) link:presentationLink link:calculationLink link:definitionLink 40101 - Disclosure - OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - STOCK-BASED COMPENSATION (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40202 - Disclosure - STOCK-BASED COMPENSATION (Schedule of Stock Option Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - NET INCOME PER SHARE COMPUTATIONS (Narrative ) (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - GENERAL CREDIT AGREEMENT (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - OPERATING SEGMENTS (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40502 - Disclosure - OPERATING SEGMENTS (Schedule of Operating Segments) (Details) link:presentationLink link:calculationLink link:definitionLink 40503 - Disclosure - OPERATING SEGMENTS (Reconciliation Of Revenues) (Details) link:presentationLink link:calculationLink link:definitionLink 40504 - Disclosure - OPERATING SEGMENTS (Reconciliation Of Income Before Income Taxes) (Details) link:presentationLink link:calculationLink link:definitionLink 40505 - Disclosure - OPERATING SEGMENTS (Reconciliation Of Assets) (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - COOPERATIVE MARKETING AGREEMENT (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40702 - Disclosure - COOPERATIVE MARKETING AGREEMENT (Purse Enhancement And Marketing Payments) (Details) link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - REAL ESTATE DEVELOPMENT (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - LEASES (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40902 - Disclosure - LEASES (Schedule of classification of right of use assets) (Details) link:presentationLink link:calculationLink link:definitionLink 41001 - Disclosure - RELATED PARTY RECEIVABLES (Details) link:presentationLink link:calculationLink link:definitionLink 41101 - Disclosure - SUBSEQUENT EVENTS (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - REAL ESTATE DEVELOPMENT link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - LEASES link:presentationLink link:calculationLink link:definitionLink 11001 - Disclosure - RELATED PARTY RECEIVABLES link:presentationLink link:calculationLink link:definitionLink 11101 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 20102 - Disclosure - OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 40903 - Disclosure - LEASES (Schedule of lease terms and discount rates) (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 11 cphc-20200331_cal.xml EX-101.CAL EX-101.DEF 12 cphc-20200331_def.xml EX-101.DEF EX-101.LAB 13 cphc-20200331_lab.xml EX-101.LAB Document And Entity Information Statement [Table] Statement [Line Items] Document Type Amendment Flag Document Period End Date Document Fiscal Year Focus Document Fiscal Period Focus Entity Registrant Name Entity Central Index Key Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Entity Current Reporting Status Entity Interactive Data Current Entity Shell Company Entity Small Business Entity Emerging Growth Company CONDENSED CONSOLIDATED BALANCE SHEETS ASSETS Abstract ASSETS Assets, Current [Abstract] CURRENT ASSETS Cash And Cash Equivalents At Carrying Value Cash and cash equivalents Restricted cash Short-term investments Accounts receivable, net of allowance of $34,805 Accounts receivable, net of allowance of $19,250 for both periods Inventory Prepaid expenses Income taxes receivable Total current assets Total current assets LONG-TERM ASSETS Deposits Restricted Cash, Noncurrent Restricted cash - long-term portion Income Taxes Receivable, Noncurrent TIF receivable Due from Related Parties, Noncurrent Related party receivable Operating Lease, Right-of-Use Asset Operating lease right-of-use assets Operating Equity Method Investments Equity investment Property, Plant and Equipment, Net Land, buildings and equipment, net Assets Segment Assets TOTAL ASSETS Total consolidated assets LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities, Current [Abstract] CURRENT LIABILITIES Accounts payable Accrued liabilities operating segments current Accrued Liabilities Operating Segments Current Card Casino accruals Accrued wages and payroll taxes Dividends Payable, Current Cash dividend payable Accrued property taxes. Accrued Property Taxes Accrued property taxes Contract with Customer, Liability, Current Deferred revenue Carrying value as of the balance sheet date of obligations incurred and payable to horsepersons. Accounts Payable To Horsepersons Payable to horsepersons Taxes payable current Income taxes payable Finance Lease, Liability, Current Less: current portion Current portion of finance lease obligations Operating Lease, Liability, Current Less: current portion Current portion of operating lease obligations Total current liabilities Total current liabilities LONG-TERM LIABILITIES Deferred income taxes Deferred income taxes Finance Lease, Liability, Noncurrent Finance lease obligations, net of current portion Lease obligations, net of current portion Operating Lease, Liability, Noncurrent Operating lease obligations, net of current portion Lease obligations, net of current portion Liabilities, Noncurrent Total long-term liabilities Liabilities TOTAL LIABILITIES STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY Common stock, $.01 par value, 10,000,000 shares authorized, 4,037,615 and 4,021,702, respectively, shares issued and outstanding Common stock, $.01 par value, 10,000,000 shares authorized, 4,694,138 and 4,644,522 respectively, shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity Balance Balance Total stockholders' equity Liabilities and Stockholders' Equity. TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY Accounts receivable, allowance Accounts receivable, allowance Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Products and Services [Axis] Products And Services [Domain] Products and Services [Domain] Pertaining to revenue from Pari-Mutuel betting. Pari Mutuel [Member] Pari-mutuel Pertaining to revenues generated by casino operations. Casino Revenue [Member] Card Casino Product And Service Other [Member] Other OPERATING REVENUES: Revenue from Contract with Customer, Including Assessed Tax Operating revenues OPERATING EXPENSES: Purse expense Purse expense Purse expense Minnesota Breeders' Fund Minnesota Breeders' Fund Other Pari-Mutuel Expenses Other pari-mutuel expenses Salaries and benefits The costs related to generating revenue from the sale of food and beverages and other revenues. Food And Beverage And Other Cost Of Sales Cost of food and beverage and other sales Depreciation Depreciation and amortization Amount of utility expenses incurred in the operations of the business. Operating Expense Utilities Utilities Advertising and marketing Advertising and marketing expense Professional and Contract Services Expense Professional and contracted services Gains (Losses) on Sales of Other Assets Loss on disposal of assets Other operating expenses Total Operating Expenses Total Operating Expenses Operating Income (Loss) INCOME (LOSS) FROM OPERATIONS OTHER (EXPENSES) INCOME: OTHER INCOME Other Nonoperating Income (Expense) Net interest (expense) income Interest income, net Nonoperating Income (Expense) Net Other Income (LOSS) INCOME BEFORE INCOME TAX BENEFIT (EXPENSE) Segment (loss) income before income taxes INCOME BEFORE INCOME TAXES Total consolidated income before income taxes INCOME TAX BENEFIT (EXPENSE) (Note 1) INCOME TAX BENEFIT (EXPENSE) Segment tax expense (benefit) NET INCOME (LOSS) NET INCOME Net income (numerator) amounts used for basic and diluted per share computations: Basic earnings (loss) per share Basic Basic earnings per share Diluted earnings (loss) per share Diluted Diluted earnings per share Basic Weighted Average Basic Shares Outstanding Diluted Weighted Average Diluted Shares Diluted Common Stock, Dividends, Per Share, Declared Cash dividends declared per share CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Common Stock [Member] Common Stock [Member] Additional Paid In Capital [Member] Additional Paid-in Capital [Member] Retained Earnings [Member] Retained Earnings [Member] Shares, Outstanding Balance, shares Balance, shares Stock Issued During Period, Value, Stock Options Exercised Exercise of stock options Stock Issued During Period Shares Stock Options Exercised Including Others Exercised Stock Issued During Period Shares Stock Options Exercised Including Others Exercised Exercise of stock options, shares Stock Repurchased and Retired During Period, Value Other share retirements Stock Repurchased and Retired During Period, Shares Other share retirements, shares Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Stock-based compensation Dividends Dividend distribution Stock Issued During Period, Value, Employee Benefit Plan 401(K) stock match Stock Issued During Period, Shares, Employee Benefit Plan 401(K) stock match, shares Value of stock related to Deferred Stock Awards issued during the period. Stock Issued During Period Value Deferred Stock Award Issuance of deferred stock awards Number of shares issued during the period related to Deferred Stock Awards. Stock Issued During Period Shares, Deferred Stock Award Issuance of deferred stock awards, shares Stock Issued During Period, Value, Employee Stock Purchase Plan Shares issued under Employee Stock Purchase Plan Stock Issued During Period, Shares, Employee Stock Purchase Plans Shares issued under Employee Stock Purchase Plan, shares Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Net income CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Operating Activities: Adjustments to reconcile net income to net cash provided by operating activities: Stock or Unit Option Plan Expense Stock-based compensation expense Stock-based compensation Employee Stock Ownership Plan (ESOP), Compensation Expense Stock-based employee match contribution Increase Decrease In Deferred Income Taxes Deferred income taxes Income (Loss) from Equity Method Investments Loss from equity investment Changes in operating assets and liabilities: Changes in operating assets and liabilities: Increase in accounts receivable Increase in accounts receivable Increase Decrease In Other Operating Assets Decrease (increase) in other current assets Increase (Decrease) in Income Taxes Receivable Increase (decrease) in income taxes receivable/payable Amount of increase (decrease) in operating lease right-of-use assets. Increase Decrease in Operating Lease Right of Use Assets Decrease in operating lease right-of-use assets Amount of increase (decrease) in operating lease liabilities. Increase Decrease in Operating Lease Liabilities Decrease in operating lease liabilities Increase (Decrease) in Accounts Payable Increase in accounts payable Increase Decrease In Contract With Customer Liability Decrease in deferred revenue Increase decrease in Card Casino accruals Increase decrease in Card Casino accruals (Decrease) increase in Card Casino accruals Increase (decrease) in accrued wages and payroll taxes. Increase Decrease in Accrued Wages and Payroll Taxes Decrease in accrued wages and payroll taxes Increase in accrued property taxes Increase in accrued property taxes The increase (decrease) during the reporting period in the aggregate amount of accounts payable to horsepersons. Increase Decrease In Accounts Payable To Horsepersons Increase in payable to horsepersons Net Cash Provided by (Used in) Operating Activities, Continuing Operations Net cash provided by operating activities Investing Activities: Additions to buildings and equipment Additions to land, buildings, and equipment Tax increment financing eligible improvements. Tax Increment Financing Eligible Improvements Additions for TIF eligible improvements Proceeds from redemption of investments Proceeds from sale of investments Net Cash Provided by (Used in) Investing Activities, Continuing Operations Net cash used in investing activities Financing Activities: Proceeds from issuance of common stock Repayments of Long-term Lines of Credit Payments against line of credit Proceeds from Long-term Lines of Credit Borrowings on line of credit Payments of Dividends Cash dividend paid to shareholders Payments Related to Tax Withholding for Share-based Compensation Payments for taxes related to net share settlement of equity awards Finance Lease, Principal Payments Principal payments on finance lease Net Cash Provided by (Used in) Financing Activities, Continuing Operations Net cash used in financing activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Net decrease in cash, cash equivalents, and restricted cash Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Cash, cash equivalents, and restricted cash at end of period Cash, cash equivalents, and restricted cash at beginning of period Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Schedule of non-cash investing and financing activities Capital Expenditures Incurred but Not yet Paid Additions to buildings and equipment funded through accounts payable Represents the transfer of future tax increment financing receivable reimbursed costs from property plant & equipment. Transfer of Future Tax Increment Financing Reimbursed Costs From Property Plant And Equipment Transfer of future TIF reimbursed costs from PP&E Right-of-Use Asset Obtained in Exchange for Operating Lease Liability ROU assets obtained in exchange for operating lease obligations Dividends Payable Dividend declared Supplemental disclosure of cash flow information: Interest Paid Interest paid OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES STOCK-BASED COMPENSATION STOCK BASED COMPENSATION [TEXT BLOCK] STOCK-BASED COMPENSATION NET INCOME PER SHARE COMPUTATIONS Earnings Per Share [Text Block] NET INCOME PER SHARE COMPUTATIONS GENERAL CREDIT AGREEMENT Debt Disclosure [Text Block] GENERAL CREDIT AGREEMENT OPERATING SEGMENTS Segment Reporting Disclosure [Text Block] OPERATING SEGMENTS COMMITMENTS AND CONTINGENCIES [Abstract] COMMITMENTS AND CONTINGENCIES [TEXT BLOCK] COMMITMENTS AND CONTINGENCIES COOPERATIVE MARKETING AGREEMENT Collaborative Arrangement Disclosure [Text Block] COOPERATIVE MARKETING AGREEMENT REAL ESTATE DEVELOPMENT Real Estate Disclosure [Text Block] REAL ESTATE DEVELOPMENT LEASES [Abstract] The entire disclosure of information about leases. Lease Disclosure [Text Block] LEASES RELATED PARTY RECEIVABLES Related Party Transactions Disclosure [Text Block] RELATED PARTY RECEIVABLES SUBSEQUENT EVENTS Subsequent Events [Text Block] SUBSEQUENT EVENTS Basis of Accounting, Policy [Policy Text Block] Basis of Presentation and Preparation Summary Of Significant Accounting Policies [Policy Text Block] Summary Of Significant Accounting Policies [Policy Text Block] Summary of Significant Accounting Policies Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] Restricted Cash Deferred Revenue [Policy Text Block]. Deferred Revenue [Policy Text Block] Deferred Revenue Due To Organization Policy Text Block Due To Organization Policy Text Block Payable to Horsepersons The entire policy related to checks written in excess of cash balance. Checks Written In Excess of Cash Balance [Policy Text Block] Checks Written in Excess of Cash Balance Revenue from Contract with Customer [Policy Text Block] Revenue Recognition Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] Schedule of Stock Option Activity Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method [Table] Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] Schedule of Earnings Per Share Reconciliation [Table Text Block] Schedule Of Earnings Per Share Reconciliation Schedule of Segment Reporting Information, by Segment [Table] Segment Reporting Information [Line Items] Schedule of Segment Reporting Information, by Segment [Table Text Block] Schedule of the Company's Operating Segments Reconciliation of Revenue from Segments to Consolidated [Table Text Block] Reconciliation of Revenues Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] Reconciliation of Income Before Income Taxes Reconciliation of Assets from Segment to Consolidated [Table Text Block] Reconciliation of Assets Schedule of Collaborative Arrangements and Non-collaborative Arrangement Transactions [Table] Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] Obligations due per agreement Cooperative Marketing Agreement Schedule of Collaborative Arrangements and Non-collaborative Arrangement Transactions [Table Text Block] Purse Enhancement and Marketing Payments Schedule of Property, Plant and Equipment [Table] Operating Leased Assets [Line Items] Tabular disclosure of lease balance sheet. Lease Balance Sheet Disclosure [Table Text Block] Schedule of classification of right of use assets Lease Quantitative Disclosure [Table Text Block]. Lease Quantitative Disclosure [Table Text Block] Schedule of lease terms and discount rates Finance Lease, Liability, Maturity [Table Text Block] Schedule of maturities of finance leases Schedule of Equity Method Investments [Table] Investment, Name [Axis] Equity Method Investee Name [Domain] Investment, Name [Domain] Doran Canterbury I [Member] Doran Canterbury I [Member] Doran Canterbury I [Member] Schedule of Equity Method Investments [Line Items] Casino open, hours Casino open, hours Casino open, number of hours daily Casino open, days Casino open, days Casino open, number of days weekly Minnesota State law, maximum number of game tables Minnesota State law, maximum number of game tables Numbers of acres to be developed Numbers of acres to be developed Funds Due To Organization Funds Due To Organization Funds Due To Organization Line of Credit Facility, Maximum Borrowing Capacity Credit line maximum borrowing amount Payments written in excess of cash balance amount. Payments Written In Excess Of Cash Balance Amount Check amount written in excess of cash balances Award Type [Axis] Share Based Compensation Arrangements By Share Based Payment Award Award Type And Plan Name [Domain] Award Type [Domain] Employee Stock Option [Member] Stock Options [Member] An arrangement whereby a non-employee member of the Board of Directors is entitled to receive in the future, subject to vesting and other restrictions, a number of shares in the entity at a specified price, as defined in the agreement. Non Employee Board Member Stock Options [Member] Non-Employee Board Member Stock Options [Member] Board of Directors Stock Option And Restricted Stock Grants [Member] Board Of Directors Stock Option And Restricted Stock Grants [Member] Non-Employee Board Member stock option and Restricted Stock [Member] Non-Employee Board Member Deferred Stock [Member] Non Employee Board Member Deferred Stock [Member] Non-Employee Board Member Deferred Stock [Member] Restricted Stock [Member] Restricted Stock [Member] Range [Axis] Range [Member] Range [Domain] Minimum [Member] Minimum [Member] Plan Name [Axis] Plan Name [Domain] Plan Name [Domain] CPHC Long Term Incentive Plan (LTI Plan) [Member] Cphc Long Term Incentive Plan Lti Plan [Member] CPHC Long Term Incentive Plan (LTI Plan) [Member] Title of Individual [Axis] Title Of Individual With Relationship To Entity [Domain] Relationship to Entity [Domain] Director [Member] Board of Directors [Member] Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period LTI Plan performance period Share Based Compensation Arrangement By Share Based Payment Award Expiration Period Share-based compensation, expiration period Restricted Stock Percentage That Will Vest Vesting rights percentage Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period Share-based compensation, vesting period Share-based compensation, nonvested number of shares Share-based Compensation, nonvested, weighted average grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] Number of Options Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Outstanding, Ending Balance, Number of Options Outstanding, Beginning Balance, Number of Options Share-based compensation arrangement by share-based payment award, options, grants in period, net of forfeitures Granted, Number of Options Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Exercised, Number of Options Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Outstanding, Ending Balance, Weighted Average Exercise Price Outstanding, Beginning Balance, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price Granted, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price Exercised, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] Additional information Outstanding, Weighted Average Remaining Contractual Term, years Options Outstanding, Weighted Average Remaining Contractual Term Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value Options outstanding at end of year, Aggregate grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number Options exercisable at end of year (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price Options exercisable at end of year, Weighted Average Exercise Price Exercisable, Weighted Average Remaining Contractual Term, years Weighted average remaining contractual term Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value Intrinsic value of options exercisable Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] Weighted average shares (denominator) of common stock outstanding: Weighted average number diluted shares outstanding adjustment Plus dilutive effect of stock options Earnings Per Share, Basic and Diluted [Abstract] Net income per common share: Schedule of Short-term Debt [Table] Credit Facility [Axis] Credit Facility [Domain] Credit Facility [Domain] Revolving Credit Facility [Member] Revolving Credit Facility Short-term Debt [Line Items] Line of Credit Facility, Amount Outstanding Borrowings under credit line Number of Reportable Segments Number of reportable segments Number of Operating Segments Number of operating segments Percent of gross revenues earned on live racing and special event days by the food and beverage segment that is paid to the horse racing segment for use of the facilities. Source of revenues of the horse racing segment Percent of gross concession segment revenue paid to horse racing segment Business Segments [Axis] Segment [Domain] Segment [Domain] Horse Racing [Member] Horse Racing [Member] Horse Racing [Member] Card Casino [Member]. Card Casino [Member] Card Casino [Member] Development [Member] Development [Member] Development [Member] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Operating Segments [Member] Reportable Segment [Member] Revenues Total consolidated net revenues Net revenues Reconciliation of Revenue from Segments to Consolidated [Table] Intersegment Elimination [Member] Elimination Of Intersegment [Member] Segment Reporting, Revenue Reconciling Item [Line Items] Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table] Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] Reconciliation of Assets from Segment to Consolidated [Table] Segment Reporting, Asset Reconciling Item [Line Items] Other Commitments [Table] Other Commitments [Line Items] Area of Land Area of land Off-track betting payment per operating year Off-track betting payment per operating year Off-track betting payment to the IMR Fund, L.P., per operating year Off Track Betting Payment Per Operating Year Percentage Of Net Pretax Profit Payment. Off Track Betting Payment Per Operating Year Percentage Of Net Pretax Profit Payment Off-track betting payment to the IMR Fund, L.P. as percentage of net pretax profit Number of years defined by off-track betting agreement. Number of years defined by off-track betting agreement Earn Out Note Number Of Conditions Earn Out Note Number Of Conditions Earn out note conditions Minimum Number Of Payments Provided Conditions Are Met. Minimum Number Of Payments Provided Conditions Are Met Minimum number of payments to IMR Fund, L.P. Maximum Term For First Payment. Maximum Term For First Payment Maximum term for first payment to be made to IMR Fund, L.P. Maximum Term For Remaining Payments. Maximum Term For Remaining Payments Maximum term for remaining payments to be made to the IMR Fund, L.P. Remaining years payments to Fund. Remaining years payments to Fund Remaining years, payments to the IMR Fund, L.P. Type of Arrangement and Non-arrangement Transactions [Axis] Arrangements And Nonarrangement Transactions [Member] Arrangements and Non-arrangement Transactions [Domain] Collaborative Arrangement Transaction With Party To Collaborative Arrangement [Member] Cooperative Marketing Agreement (CMA) Amount of purse enhancements paid directly to horsemen by third party under terms of the cooperative marketing agreement. Purse Enhancements Paid Directly To Horsemen By Third Party Purse enhancements paid directly to horsemen Information pertaining to the purse enhancement payments to horsemen. Purse Enhancement Payments To Horsemen [Member] Purse Enhancement Payments To Horsemen Information pertaining to the marketing payments to Canterbury Park. Marketing Payments To Canterbury Park [Member] Marketing Payments To Canterbury Park The amount of obligation by third party under the agreement that is due in the next twelve months. Obligation By Third Party Per Agreement Due In Next Twelve Months 2021 The amount of obligation by third party under the agreement that is due in two years. Obligation By Third Party Per Agreement Due In Two Years 2022 n/a Collaborative Arrangements Transaction [Abstract] Receivables due per agreement The amount of marketing payments receivable from third party per agreement due in the next twelve months. Receivable From Third Party Per Agreement Due In Next Twelve Months 2021 The amount of marketing payments receivable from third party per agreement due in two years. Receivable From Third Party Per Agreement Due In Two Years 2022 Obligation Under Agreement To Various Horsemen Associations Included In Purse Enhancement Payments To Horsemen Obligation Under Agreement To Various Horsemen Associations Included In Purse Enhancement Payments To Horsemen Amount to various horsemen associations included each year in purse enhancement payments to horsemen Equity Method Investment, Ownership Percentage Ownership percentage in investment project The total estimated costs of Tax Incremental Financing (TIF) eligible improvements to be borne by the entity. TIF Improvement Costs Estimated TIF improvement costs to be borne by Company The face amount of tax increment financial receivables. Tax Increment Financing Receivable Face Amount Principle portion of TIF receivables The amount of accrued interest on tax incremental financial receivables. Accrued Interest on Tax Increment Financing Receivables Accrued Interest on TIF receivables Proceeds from sale of land held-for-investment Income and Expenses, Lessee [Abstract] Operating Lease, Expense Total lease cost Operating lease rent expense Finance Lease, Liability Present value of minimum lease payments Capital lease obligation Operating Lease, Cost Operating lease cost Finance Lease, Right-of-Use Asset, Amortization Amortization of finance lease Lessee, Lease, Description [Table] Lessee, Lease, Description [Line Items] Finance Lease, Right-of-Use Asset Finance Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Financial position-finance Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Financial position-operating Amount of lessee's right to use underlying asset under finance lease and operating lease. Finance Lease and Operating Lease, Right-of-Use Asset Total Leased Assets Ground Leases, Accumulated Amortization Accumulated amortization-finance Finance Lease, Weighted Average Remaining Lease Term Finance - Weighted average remaining lease term (in years) Operating Lease, Weighted Average Remaining Lease Term Operating - Weighted average remaining lease term (in years) Finance Lease, Weighted Average Discount Rate, Percent Finance - Weighted average discount rate (as a percent) Operating Lease, Weighted Average Discount Rate, Percent Operating - Weighted average discount rate (as a percent) Operating Lease Liabilities, Payments Due [Abstract] Operating leases Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year 2020 remaining Lessee, Operating Lease, Liability, Payments, Due Year Two 2021 Lessee, Operating Lease, Liability, Payments, Due Year Three 2022 Lessee, Operating Lease, Liability, Payments, Due Total minimum lease obligations Lessee, Operating Lease, Liability, Undiscounted Excess Amount Less: amounts representing interest Operating Lease, Liability Present value of minimum lease payments Finance Lease Liabilities, Payments, Due [Abstract] Finance leases Finance Lease, Liability, Payments, Remainder of Fiscal Year 2020 remaining Finance Lease, Liability, Payments, Due Year Two 2021 Finance Lease, Liability, Payments, Due Year Three 2022 Finance Lease, Liability, Payments, Due Year Four 2023 Finance Lease, Liability, Payments, Due Total minimum lease obligations Finance Lease, Liability, Undiscounted Excess Amount Less: amounts representing interest Schedule of Related Party Transactions, by Related Party [Table] Related Party Transaction [Line Items] Notes Receivable, Related Parties Loan receivable Due to Related Parties Promissory note Debt Instrument, Interest Rate, Stated Percentage Interest rate Debt Instrument, Term Loan maturity term Allowance for Doubtful Accounts Receivable Allowance for doubtful accounts Related Party Costs Costs incurred for preliminary grading work Loans and Leases Receivable, Related Parties Loan to related parties Debt Instrument, Interest Rate, Basis for Effective Rate Debt instrument basis rate Debt Instrument, Basis Spread on Variable Rate Spread on interest rate Subsequent Event [Table] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event [Member] Subsequent Event [Member] Subsequent Event [Line Items] Food And Beverage [Member] Food and beverage Antidilutive Securities [Axis] Antidilutive Securities Name [Domain] Antidilutive Securities, Name [Domain] Letter Of Credit [Member] Letter of Credit Subsegments [Axis] Subsegments [Domain] Subsegments [Domain] Represents information pertaining to intersegment member. Intersegment [Member] Intersegment [Member] Customer [Axis] Name Of Major Customer [Domain] Customer [Domain] Represents pertaining to external customers Member. External Customers [Member] External Customers [Member] Counterparty Name [Axis] Repurchase Agreement Counterparty Name [Domain] Counterparty Name [Domain] Information pertaining to the Shakopee Mdewakanton Sioux Community. Shakopee Mdewakanton Sioux Community [Member] SMSC Legal Entity [Axis] Entity [Domain] Entity [Domain] Co Venturer [Member] Doran Canterbury I joint venture Doran Canterbury II, LLC [Member] Doran Canterbury Ii Llc [Member] Doran Canterbury II, LLC [Member] Doran Canterbury II [Member] Doran Canterbury Ii [Member] Doran Canterbury II [Member] Scenario [Axis] Scenario Unspecified [Domain] Scenario, Unspecified [Domain] Scenario Plan [Member] Scenario, Plan [Member] Related Party [Axis] Related Party [Domain] Related Party [Domain] Dorian Canterbury Loan One [Member]. Dorian Canterbury Loan One [Member] Dorian Canterbury Loan One [Member] Dorian Canterbury Loan Two [Member]. Dorian Canterbury Loan Two [Member] Dorian Canterbury Loan Two [Member] Related Party Transaction [Axis] Related Party Transaction [Domain] Related Party Transaction [Domain] Represents information pertaining to Doran family holding member. Doran Family Holding [Member] Doran family holding Prime Rate [Member] Prime Rate [Member] EX-101.PRE 14 cphc-20200331_pre.xml EX-101.PRE XML 15 R27.htm IDEA: XBRL DOCUMENT v3.20.1

NET INCOME PER SHARE COMPUTATIONS (Narrative ) (Details)
3 Months Ended

Mar. 31, 2020

$ / shares

shares

Granted, Weighted Average Exercise Price

Stock Options [Member]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares 9,000

Granted, Weighted Average Exercise Price $ 13.30

X

- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_EmployeeStockOptionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 16 R23.htm IDEA: XBRL DOCUMENT v3.20.1

LEASES (Tables)
3 Months Ended

Mar. 31, 2020

LEASES [Abstract]

Schedule of classification of right of use assets

Three Months Ended March 31,

Balance Sheet Location

2020



2019

Assets

Finance

Land, buildings and equipment, net (1)

$

90,273

$

$ 115,254

Operating

Operating lease right-of-use assets

72,911

13,074

Total Leased Assets

$

163,184

$

$ 128,328

1 – Finance lease assets are net of accumulated amortization of $29,744 and $5,949 as of March 31, 2020 and 2019, respectively.

Schedule of lease terms and discount rates

Three Months Ended March 31,

2020

2019

Weighted average remaining lease term (in years):

Finance

3.4

4.5

Operating

1.2

1.8

Weighted average discount rate (%):

Finance

5.0%

5.0%

Operating

5.5%

5.0%

Schedule of maturities of finance leases

The maturity of operating leases and finance leases as of March 31, 2020 are as follows:

Three Months Ended March 31, 2020



Operating leases

Finance leases

2020 remaining

$

29,315

$

21,557

2021

23,100

28,743

2022

23,100

28,743

2023

—

19,332

Total minimum lease obligations

75,515

98,375

Less: amounts representing interest

(2,604)

(8,102)

Present value of minimum lease payments

72,911

90,273

Less: current portion

(27,855)

(24,807)

Lease obligations, net of current portion

$

45,056

$

65,466

X

- Definition
Tabular disclosure of lease balance sheet.
+ References
No definition available.
+ Details

Name: cphc_LeaseBalanceSheetDisclosureTableTextBlock

Namespace Prefix: cphc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Lease Quantitative Disclosure [Table Text Block].
+ References
No definition available.
+ Details

Name: cphc_LeaseQuantitativeDisclosureTableTextBlock

Namespace Prefix: cphc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_LeasesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 17 R3.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)

Mar. 31, 2020

Dec. 31, 2019

CONDENSED CONSOLIDATED BALANCE SHEETS

Accounts receivable, allowance $ 19,250 $ 19,250

Common stock, par value $ 0.01 $ 0.01

Common stock, shares authorized 10,000,000 10,000,000

Common stock, shares issued 4,694,138 4,644,522

Common stock, shares outstanding 4,694,138 4,644,522

X

- Definition
Amount of allowance for credit loss on accounts receivable, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118936363&loc=d3e5074-111524

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118955202&loc=SL82895884-210446
+ Details

Name: us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StatementOfFinancialPositionAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.1

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended

Mar. 31, 2020

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business – The Company’s Racetrack operations are conducted at facilities located in Shakopee, Minnesota, approximately 25 miles southwest of downtown Minneapolis. In May 1994, the Company commenced year-round horse racing simulcast operations and hosted the first annual live race meet during the summer of 1995. The Company’s live racing operations are a seasonal business as it typically hosts live race meets each year from May until September. The Company earns additional pari-mutuel revenue by televising its live racing to out-of-state racetracks around the country. Canterbury Park’s Card Casino typically operates 24 hours a day, seven days a week and is limited by Minnesota State law to conducting card play on a maximum of 80 tables. The Card Casino currently offers a variety of poker and table games. The Company’s three largest sources of revenues include: Card Casino operations, pari-mutuel operations and food and beverage sales. The Company also derives revenues from related services and activities, such as admissions, advertising signage, publication sales, and from other entertainment events and activities held at the Racetrack. Additionally, the Company is developing approximately 140 acres of underutilized land surrounding the Racetrack in a project known as Canterbury Commons. The Company is pursuing several mixed-use development opportunities for this land, directly and through joint ventures.

In January 2020, an outbreak of a respiratory illness caused by a new strain of coronavirus was identified. The disease has since spread rapidly across the world, causing the World Health Organization to declare the outbreak a pandemic (the “COVID-19 Pandemic”) on March 12, 2020. Since that time, measures have been taken to limit the impact of COVID-19, including shelter-in-place orders, social distancing measures, travel bans and restrictions, and business and government shutdowns.

On March 16, 2020, the Company announced that, based on the advice of Minnesota state and regulatory bodies, it was temporarily suspending all card casino, simulcast, and special events operations at Canterbury Park in response to concerns about the COVID-19 Pandemic. Canterbury Park determined this voluntary suspension of activities was in the best interest of the health and safety of its guests and team members and would provide the Company an opportunity to review and update operational best practices and strategies based on what was currently known about this public health situation and future developments.

Despite a strong start to the year, the disruptions arising from the COVID-19 Pandemic had a significant impact on the Company's financial condition and operations during the three months ended March 31, 2020. The duration and intensity of this global health emergency and related disruptions is uncertain. Given the dynamic nature of these circumstances, the impact on the Company’s consolidated results of operations, cash flows and financial condition in 2020 will be material, but cannot be reasonably estimated at this time as it is unknown when the COVID-19 Pandemic will end, when or how quickly the current travel restrictions will be modified or cease to be necessary and the resulting impact on the Company’s business and the willingness of customers to spend on entertainment.

The Company has a consolidated balance sheet with no long-term debt and an $8 million credit line that is anticipated to provide the Company with the necessary liquidity and financial flexibility to manage through this challenging operating environment. We have taken significant actions to mitigate the effects of the COVID-19 Pandemic on our operations, including initiating workforce reductions and furloughs, suspending the Company’s quarterly cash dividend, reducing working capital, postponing non-essential capital expenditures, reducing operating costs, and substantially reducing discretionary spending. We expect these countermeasures to partially mitigate the impacts of COVID-19 on our full year 2020 financial results. As the impact of the COVID-19 Pandemic on the economy and our operations evolves, we will continue to assess the impact on the Company and respond accordingly.

Basis of Presentation and Preparation – The accompanying condensed consolidated financial statements include the accounts of the Company (Canterbury Park Holding Corporation and its subsidiaries Canterbury Park Entertainment, LLC; Canterbury Park Concession, Inc.; and Canterbury Development, LLC). Intercompany accounts and transactions have been eliminated. The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.

These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2019, included in its Annual Report on Form 10‑K (the “2019 Form 10‑K”).

The condensed consolidated balance sheets and the related condensed consolidated statements of operations, stockholders’ equity, and the cash flows for the periods ended March 31, 2020 and 2019 have been prepared by Company management. In the opinion of management, all adjustments (which include only normal recurring adjustments, except where noted) necessary to present fairly the financial position, results of operations, statement of stockholders’ equity, and cash flows at March 31, 2020 and 2019 and for the periods then ended have been made.

Summary of Significant Accounting Policies – A detailed description of our significant accounting policies can be found in our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. There were no material changes in significant accounting policies during the quarter ended March 31, 2020.

Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means. Restricted cash also includes a deposit related to its development operations. The Company deposited $1.2 million with a bank in December 2018 to assist Doran Canterbury I to complete financing for a construction loan. On May 1, 2020, the bank released the deposit back to the Company. Therefore, the Company classified this as short term restricted cash on its Condensed Consolidated Balance Sheet.

Deferred Revenue – Deferred revenue includes advance sales related to racing, events and corporate partnerships. Revenue from these advance billings is recognized when the related event occurs or services have been performed. Deferred revenue also includes advanced Cooperative Marketing Agreement (“CMA”) promotional funds, for which revenue is recognized when expenses are incurred.

Payable to Horsepersons - The Minnesota Pari-mutuel Horse Racing Act requires the Company to segregate a portion of funds (recorded as purse expense in the statements of operations) received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ association. Pursuant to an agreement with the Minnesota Horsemen’s Benevolent and Protective Association (“MHBPA”), the Company transferred into a trust account or paid directly to the MHBPA, $1,185,000 and $1,260,000 for the three months ended March 31, 2020 and 2019, respectively, related to thoroughbred races. Minnesota Statutes provide that amounts transferred into the trust account are the property of the trust and not of the Company, and therefore these amounts are not recorded on the Company’s Condensed Consolidated Balance Sheet.

Checks Written in Excess of Cash Balance – For the three months ended March 31, 2020, the Company included $945,000 of checks written in excess of cash balance within accounts payable on the Condensed Consolidated Balance Sheet. There were no checks written in excess of cash balance as of December 31, 2019.

Revenue Recognition – The Company’s primary revenues with customers consist of Card Casino operations, pari-mutuel wagering on simulcast and live horse races, and food and beverage transactions. We determine revenue recognition through the following steps:

 Identification of the contract, or contracts, with a customer

 Identification of the performance obligations in the contract

 Determination of the transaction price

 Allocation of the transaction price to the performance obligation in the contract

 Recognition of revenue when, or as, we satisfy a performance obligation

The transaction price for a Card Casino contract is a set percentage of wagers and is recognized at the time that the wagering process is complete. The transaction price for pari-mutuel wagering is the commission received on a wager, exclusive of any track fees and is recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body. The transaction price for food and beverage contracts is the net amount collected from the customer for these goods. Food and beverage services have been determined to be separate, stand-alone performance obligations and the transaction price is recorded as revenue as the good is transferred to the customer when delivery is made.

Contracts for Card Casino operations and pari-mutuel wagering involve two performance obligations for those customers earning points under the Company’s loyalty program and a single performance obligation for customers who do not participate in the program. The Company applies a practical expedient by accounting for its gaming contracts on a portfolio basis as these wagers have similar characteristics and the Company reasonably expects the effects on the financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from what would result if the guidance were applied on an individual wagering contract. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with the loyalty points earned, the Company allocates an amount to the loyalty point contract liability based on the stand-alone redemption value of the points earned, which is determined by the value of a point that can be redeemed for a cash voucher, food and beverage voucher, racing admission, valet parking, or racing forms. Based on past experience, the majority of customers redeem their points for cash vouchers. Therefore, there are no further performance obligations by the Company.

We have two general types of liabilities related to contracts with customers: (1) our MVP Loyalty Program and (2) outstanding chip liability. These are included in the line item Card Casino accruals on the consolidated balance sheet. We defer the full retail value of these complimentary reward items until the future revenue transaction occurs.

The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program.

We evaluate our on-track revenue, export revenue, and import revenue contracts to determine whether we are acting as the principal or as the agent when providing services, which we consider in determining if revenue should be reported gross or net. An entity is a principal if it controls the specified service before that service is transferred to a customer.

The revenue we recognize for on-track revenue and import revenue is the commission we are entitled to retain for providing a wagering service to our customers. For these arrangements, we are the principal as we control the wagering service; therefore, any charges, including simulcast fees, we incur for delivering the wagering service are presented as operating expenses.

For export revenue, our customer is the third party wagering site such as a racetrack, OTB, or advance deposit wagering provider. Therefore, the revenue we recognize for export revenue is the simulcast host fee we earn for exporting our racing signal to the third party wagering site.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-URI http://asc.fasb.org/topic&trid=2122149

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 20 R42.htm IDEA: XBRL DOCUMENT v3.20.1

LEASES (Schedule of maturities of operating and financing leases) (Details) - USD ($)

Mar. 31, 2020

Dec. 31, 2019

Operating leases

2020 remaining $ 29,315

2021 23,100

2022 23,100

Total minimum lease obligations 75,515

Less: amounts representing interest (2,604)

Present value of minimum lease payments 72,911

Less: current portion (27,855) $ (29,776)

Lease obligations, net of current portion 45,056 45,056

Finance leases

2020 remaining 21,557

2021 28,743

2022 28,743

2023 19,332

Total minimum lease obligations 98,375

Less: amounts representing interest (8,102)

Present value of minimum lease payments 90,273

Less: current portion (24,807) (24,500)

Lease obligations, net of current portion $ 65,466 $ 71,784

X

- References
No definition available.
+ Details

Name: us-gaap_FinanceLeaseLiabilitiesPaymentsDueAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fourth fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in third fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in second fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in remainder of fiscal year following latest fiscal year ended.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease having an initial or remaining lease term in excess of one year due in remainder of fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 21 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 22 R32.htm IDEA: XBRL DOCUMENT v3.20.1

OPERATING SEGMENTS (Reconciliation Of Revenues) (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Segment Reporting, Revenue Reconciling Item [Line Items]

Total consolidated net revenues $ 10,949 $ 11,591

Reportable Segment [Member]

Segment Reporting, Revenue Reconciling Item [Line Items]

Total consolidated net revenues 11,281 12,010

Elimination Of Intersegment [Member]

Segment Reporting, Revenue Reconciling Item [Line Items]

Total consolidated net revenues $ (332) $ (419)

X

- 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).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_Revenues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_SegmentReportingRevenueReconcilingItemLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 23 R36.htm IDEA: XBRL DOCUMENT v3.20.1

COOPERATIVE MARKETING AGREEMENT (Narrative) (Details) - USD ($)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Cooperative Marketing Agreement

Operating revenues $ 10,948,959 $ 11,590,798

Advertising and marketing expense 183,988 190,329

Depreciation 716,853 625,520

Cooperative Marketing Agreement (CMA)

Cooperative Marketing Agreement

Advertising and marketing expense 30,000

Depreciation 38,000

SMSC | Cooperative Marketing Agreement (CMA)

Cooperative Marketing Agreement

Purse enhancements paid directly to horsemen 7,400,000

Other

Cooperative Marketing Agreement

Operating revenues 972,766 847,224

Other | Cooperative Marketing Agreement (CMA)

Cooperative Marketing Agreement

Operating revenues 68,000 75,000

Advertising and marketing expense 18,000

Depreciation 57,000

Pari-mutuel

Cooperative Marketing Agreement

Operating revenues $ 1,296,026 $ 1,490,809

X

- Definition
Amount of purse enhancements paid directly to horsemen by third party under terms of the cooperative marketing agreement.
+ References
No definition available.
+ Details

Name: cphc_PurseEnhancementsPaidDirectlyToHorsemenByThirdParty

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_MarketingAndAdvertisingExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130543-203045
+ Details

Name: us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_TypeOfArrangementAxis=us-gaap_CollaborativeArrangementTransactionWithPartyToCollaborativeArrangementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=cphc_ShakopeeMdewakantonSiouxCommunityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_ProductAndServiceOtherMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=cphc_PariMutuelMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 24 R19.htm IDEA: XBRL DOCUMENT v3.20.1

STOCK-BASED COMPENSATION (Tables)
3 Months Ended

Mar. 31, 2020

STOCK-BASED COMPENSATION

Schedule of Stock Option Activity

Weighted

Weighted

Average

Average

Remaining

Aggregate

Number of

Exercise

Contractual

Grant Date

Stock Options

Options

Price

Term

Fair Value

Outstanding at January 1, 2020

33,250

$

9.64

Granted

-

-

Exercised

(24,250)

8.28

Expired/Forfeited

-

-

Outstanding at March 31, 2020

9,000

$

13.30

0.8 Years

$

119,700

Exercisable at March 31, 2020

9,000

$

13.30

0.8 Years

$

119,700

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 25 R15.htm IDEA: XBRL DOCUMENT v3.20.1

LEASES
3 Months Ended

Mar. 31, 2020

LEASES [Abstract]

LEASES

9. LEASES

The Company determines if an arrangement is a lease or contains a lease at inception. The Company leases certain office equipment under finance leases. We also lease equipment related to our horse racing operations under operating leases. For lease accounting purposes, we do not separate lease and nonlease components, nor do we record operating or finance lease assets and liabilities for short term leases.

As our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date to determine the present value of lease payments. We recognize expense for operating leases on a straight-line basis over the lease term. The Company’s lease agreements do not contain any variable lease payments, material residual value guarantees or any restrictive covenants.

Lease costs related to operating leases were $2,031 and $2,127 for the three months ended March 31, 2020 and 2019, respectively. The total lease expenses for leases with a term of twelve months or less for which the Company elected not to recognize a lease asset or liability was $80,680 and $116,691 for the three months ended March 31, 2020 and 2019, respectively.

Lease costs included in depreciation and amortization related to our finance leases were $5,949 for the three months ended March 31, 2020 and 2019. Interest expense related to our finance leases was immaterial.

The following table shows the classification of the right of use assets on our consolidated balance sheets:

Three Months Ended March 31,

Balance Sheet Location

2020



2019

Assets

Finance

Land, buildings and equipment, net (1)

$

90,273

$

$ 115,254

Operating

Operating lease right-of-use assets

72,911

13,074

Total Leased Assets

$

163,184

$

$ 128,328

1 – Finance lease assets are net of accumulated amortization of $29,744 and $5,949 as of March 31, 2020 and 2019, respectively.

The following table shows the lease terms and discount rates related to our leases:

Three Months Ended March 31,

2020

2019

Weighted average remaining lease term (in years):

Finance

3.4

4.5

Operating

1.2

1.8

Weighted average discount rate (%):

Finance

5.0%

5.0%

Operating

5.5%

5.0%

The maturity of operating leases and finance leases as of March 31, 2020 are as follows:

Three Months Ended March 31, 2020



Operating leases

Finance leases

2020 remaining

$

29,315

$

21,557

2021

23,100

28,743

2022

23,100

28,743

2023

—

19,332

Total minimum lease obligations

75,515

98,375

Less: amounts representing interest

(2,604)

(8,102)

Present value of minimum lease payments

72,911

90,273

Less: current portion

(27,855)

(24,807)

Lease obligations, net of current portion

$

45,056

$

65,466

X

- Definition
The entire disclosure of information about leases.
+ References
No definition available.
+ Details

Name: cphc_LeaseDisclosureTextBlock

Namespace Prefix: cphc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_LeasesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 26 R11.htm IDEA: XBRL DOCUMENT v3.20.1

OPERATING SEGMENTS
3 Months Ended

Mar. 31, 2020

OPERATING SEGMENTS

OPERATING SEGMENTS

5. OPERATING SEGMENTS

The Company has four reportable operating segments: horse racing, Card Casino, food and beverage, and development. The horse racing segment primarily represents simulcast and live horse racing operations. The Card Casino segment represents operations of Canterbury Park’s Card Casino, the food and beverage segment represents food and beverage operations provided during simulcast and live racing, in the Card Casino, and during special events. The development segment represents our real estate development operations. The Company’s reportable operating segments are strategic business units that offer different products and services. They are managed separately because the segments differ in the nature of the products and services provided as well as process to produce those products and services. The Minnesota Racing Commission regulates the horse racing and Card Casino segments.

Depreciation, interest and income taxes are allocated to the segments, but no allocation is made to the food and beverage segment for shared facilities. However, the food and beverage segment pays approximately 25% of gross revenues earned on live racing and special event days to the horse racing segment for use of the facilities.

The following tables represent a disaggregation of revenues from contracts with customers along with the Company’s operating segments (in 000’s):

Three Months Ended March 31, 2020



Horse Racing



Card Casino



Food and Beverage



Development



Total

Net revenues from external customers

$

2,197

$

7,561

$

1,182

$

9

$

10,949

Intersegment revenues

70

—

262

—

332

Net interest (expense) income

(9)

—

—

173

164

Depreciation

398

261

58

—

717

Segment (loss) income before income taxes

(896)

965

(160)

74

(17)

Segment tax expense (benefit)

(94)

158

(26)

12

50

March 31, 2020

Segment Assets

$

31,020

$

3,252

$

25,239

$

29,302

$

88,813

Three Months Ended March 31, 2019



Horse Racing



Card Casino



Food and Beverage



Development



Total

Net revenues from external customers

$

2,292

$

7,900

$

1,399

$

-

$

11,591

Intersegment revenues

116

-

303

-

419

Net interest income

8

-

-

55

63

Depreciation

578

4

44

-

626

Segment (loss) income before income taxes

(1,176)

1,110

(88)

(22)

(176)

Segment tax expense (benefit)

(414)

441

(35)

(8)

(16)

December 31, 2019

Segment Assets

$

31,618

$

3,327

$

25,430

$

29,074

$

89,449

The following are reconciliations of reportable segment revenues, income before income taxes, and assets, to the Company’s consolidated totals (in 000’s):



Three Months Ended March 31, 2020



2020



2019

Revenues

Total net revenue for reportable segments

$

11,281

$

12,010

Elimination of intersegment revenues

(332)

(419)

Total consolidated net revenues

$

10,949

$

11,591

Income before income taxes





Total segment income before income taxes

$

(17)

$

(176)

Elimination of intersegment income before income taxes

322

216

Total consolidated income before income taxes

$

305

$

40



March 31,



December 31,



2020



2019

Assets





Total assets for reportable segments

$

88,813

$

89,449

Elimination of intercompany balances

(23,715)

(24,036)

Total consolidated assets

$

65,098

$

65,413

X

- References
No definition available.
+ Details

Name: us-gaap_SegmentReportingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510
+ Details

Name: us-gaap_SegmentReportingDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 27 R33.htm IDEA: XBRL DOCUMENT v3.20.1

OPERATING SEGMENTS (Reconciliation Of Income Before Income Taxes) (Details) - USD ($)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Total consolidated income before income taxes $ 305,385 $ 40,479

Reportable Segment [Member]

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Total consolidated income before income taxes (17,000) (176,000)

Elimination Of Intersegment [Member]

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Total consolidated income before income taxes $ 322,000 $ 216,000

X

- Definition
Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_SegmentReportingReconcilingItemForOperatingProfitLossFromSegmentToConsolidatedLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 28 R37.htm IDEA: XBRL DOCUMENT v3.20.1

COOPERATIVE MARKETING AGREEMENT (Purse Enhancement And Marketing Payments) (Details) - SMSC
3 Months Ended

Mar. 31, 2020

USD ($)

Cooperative Marketing Agreement (CMA)

Receivables due per agreement

Amount to various horsemen associations included each year in purse enhancement payments to horsemen $ 100,000

Purse Enhancement Payments To Horsemen

Obligations due per agreement

2021 7,380,000

2022 7,380,000

Marketing Payments To Canterbury Park

Receivables due per agreement

2021 1,620,000

2022 $ 1,620,000

X

- Definition
n/a
+ References
No definition available.
+ Details

Name: cphc_CollaborativeArrangementsTransactionAbstract

Namespace Prefix: cphc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of obligation by third party under the agreement that is due in the next twelve months.
+ References
No definition available.
+ Details

Name: cphc_ObligationByThirdPartyPerAgreementDueInNextTwelveMonths

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The amount of obligation by third party under the agreement that is due in two years.
+ References
No definition available.
+ Details

Name: cphc_ObligationByThirdPartyPerAgreementDueInTwoYears

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Obligation Under Agreement To Various Horsemen Associations Included In Purse Enhancement Payments To Horsemen
+ References
No definition available.
+ Details

Name: cphc_ObligationUnderAgreementToVariousHorsemenAssociationsIncludedInPurseEnhancementPaymentsToHorsemen

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of marketing payments receivable from third party per agreement due in the next twelve months.
+ References
No definition available.
+ Details

Name: cphc_ReceivableFromThirdPartyPerAgreementDueInNextTwelveMonths

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The amount of marketing payments receivable from third party per agreement due in two years.
+ References
No definition available.
+ Details

Name: cphc_ReceivableFromThirdPartyPerAgreementDueInTwoYears

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_CounterpartyNameAxis=cphc_ShakopeeMdewakantonSiouxCommunityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=us-gaap_CollaborativeArrangementTransactionWithPartyToCollaborativeArrangementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=cphc_PurseEnhancementPaymentsToHorsemenMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=cphc_MarketingPaymentsToCanterburyParkMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 29 R14.htm IDEA: XBRL DOCUMENT v3.20.1

REAL ESTATE DEVELOPMENT
3 Months Ended

Mar. 31, 2020

REAL ESTATE DEVELOPMENT

REAL ESTATE DEVELOPMENT

8. REAL ESTATE DEVELOPMENT

Equity Investment

On April 2, 2018, the Company’s subsidiary Canterbury Development LLC, entered into an Operating Agreement (“Operating Agreement”) with an affiliate of Doran Companies (“Doran”), a national commercial and residential real estate developer, as the two members of a Minnesota limited liability company named Doran Canterbury I, LLC (Doran Canterbury I). Doran Canterbury I was formed as part of a joint venture between Doran and Canterbury Development LLC to construct an upscale apartment complex on land adjacent to the Company’s Racetrack (the “Project”). Doran Canterbury I is developing Phase I of the Project, which will include approximately 300 units, a heated parking ramp, and a clubhouse.

On September 27, 2018, Canterbury Development LLC contributed approximately 13 acres of land as its equity contribution in the Doran Canterbury I joint venture and became a 27.4% equity member. On December 20, 2018, financing for Doran Canterbury I was secured. As the Company is able to assert significant influence, but not control, over Doran Canterbury I’s operational and financial policies, the Company accounts for the joint venture as an equity method investment.

In connection with the execution of the Amended Doran Canterbury I Agreement, on August 18, 2018, Canterbury Development LLC entered into an Operating Agreement with Doran Shakopee, LLC as the two members of a Minnesota limited liability company entitled Doran Canterbury II, LLC (“Doran Canterbury II”). Under the Doran Canterbury II Operating Agreement, Doran Canterbury II will pursue development of Phase II of the Project, which is expected to begin upon rental stabilization of Phase I. Phase II will include an additional 300 apartment units. Canterbury Development’s equity contribution to Doran Canterbury II for Phase II will be approximately 10 acres of land. In connection with its contribution, Canterbury Development became a 27.4% equity member in Doran Canterbury II with Doran owning the remaining 72.6%.

Tax Increment Financing

On August 8, 2018, the City Council of the City of Shakopee, Minnesota approved a Contract for Private Redevelopment (“Redevelopment Agreement”) between the City of Shakopee Economic Development Authority (“Shakopee EDA”) and Canterbury Park Holding Corporation and its subsidiary Canterbury Development LLC in connection with a Tax Increment Financing District (“TIF District”) that the City had approved in April 2018. The City of Shakopee, the Shakopee EDA and the Company entered into the Redevelopment Agreement on August 10, 2018.

Under the Redevelopment Agreement, the Company has agreed to undertake a number of specific infrastructure improvements within the TIF District, including the development of public streets, utilities, sidewalks, and other public infrastructure. More specifically, the Company is obligated to construct improvements on Shenandoah Drive and Barenscheer Boulevard with these improvements required to be substantially complete on or before December 31, 2019 and December 31, 2020, respectively. As of December 31, 2019, improvements to Shenandoah Drive were substantially complete.

Under the Redevelopment Agreement, the City of Shakopee has agreed that a portion of the tax increment revenue generated from the developed property will be paid to the Company to reimburse it for its expense in constructing infrastructure improvements. The total estimated cost of TIF eligible improvements to be borne by the Company is $23,336,500. A detailed Schedule of the Public Improvements under the Redevelopment Agreement, the timeline for their construction and the source and amount of funding is set forth on Exhibit C of the Redevelopment Agreement, which was filed as Exhibit 10.1 to the Company’s Form 10-Q for the quarter ended March 31, 2018. The total amount of funding that Canterbury will be paid as reimbursement under the TIF program for these improvements is not guaranteed, however, and will depend on future tax revenues generated from the developed property. As of March 31, 2020, the Company recorded a TIF receivable of $9,857,000, which represents $9,580,000 of principal and $277,000 of interest.

The Company expects to finance its improvements under the Redevelopment Agreement with funds from its current operating resources and existing credit facility and, potentially, third-party financing sources.

Purchase and Sale Agreement

On March 13, 2020, the Company entered into an agreement to sell approximately 12 acres of land on the East side of the Racetrack to a third party for total consideration of approximately $2.5 million. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.

X

- References
No definition available.
+ Details

Name: us-gaap_RealEstateAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 970
-URI http://asc.fasb.org/topic&trid=2156125

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 978
-URI http://asc.fasb.org/topic&trid=2134977

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 976
-URI http://asc.fasb.org/topic&trid=2134846

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 974
-URI http://asc.fasb.org/topic&trid=2156429

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 972
-URI http://asc.fasb.org/topic&trid=2134617
+ Details

Name: us-gaap_RealEstateDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 30 R10.htm IDEA: XBRL DOCUMENT v3.20.1

GENERAL CREDIT AGREEMENT
3 Months Ended

Mar. 31, 2020

GENERAL CREDIT AGREEMENT

GENERAL CREDIT AGREEMENT

4. GENERAL CREDIT AGREEMENT

The Company has a general credit and security agreement with a financial institution, which provides a revolving credit line up to $8,000,000 and allows for letters of credit in the aggregate amount of up to $2,000,000 to be issued under the credit agreement. The line of credit is collateralized by all receivables, inventory, equipment, and general intangibles of the Company. This agreement was amended as of September 30, 2019 to extend the maturity date to September 30, 2020. As of March 31, 2020, the outstanding balance on the line of credit was $0.

X

- References
No definition available.
+ Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564
+ Details

Name: us-gaap_DebtDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 31 R18.htm IDEA: XBRL DOCUMENT v3.20.1

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended

Mar. 31, 2020

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Preparation

Basis of Presentation and Preparation – The accompanying condensed consolidated financial statements include the accounts of the Company (Canterbury Park Holding Corporation and its subsidiaries Canterbury Park Entertainment, LLC; Canterbury Park Concession, Inc.; and Canterbury Development, LLC). Intercompany accounts and transactions have been eliminated. The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.

These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2019, included in its Annual Report on Form 10‑K (the “2019 Form 10‑K”).

The condensed consolidated balance sheets and the related condensed consolidated statements of operations, stockholders’ equity, and the cash flows for the periods ended March 31, 2020 and 2019 have been prepared by Company management. In the opinion of management, all adjustments (which include only normal recurring adjustments, except where noted) necessary to present fairly the financial position, results of operations, statement of stockholders’ equity, and cash flows at March 31, 2020 and 2019 and for the periods then ended have been made.

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies – A detailed description of our significant accounting policies can be found in our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. There were no material changes in significant accounting policies during the quarter ended March 31, 2020.

Restricted Cash

Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means. Restricted cash also includes a deposit related to its development operations. The Company deposited $1.2 million with a bank in December 2018 to assist Doran Canterbury I to complete financing for a construction loan. On May 1, 2020, the bank released the deposit back to the Company. Therefore, the Company classified this as short term restricted cash on its Condensed Consolidated Balance Sheet.

Deferred Revenue

Deferred Revenue – Deferred revenue includes advance sales related to racing, events and corporate partnerships. Revenue from these advance billings is recognized when the related event occurs or services have been performed. Deferred revenue also includes advanced Cooperative Marketing Agreement (“CMA”) promotional funds, for which revenue is recognized when expenses are incurred.

Payable to Horsepersons

Payable to Horsepersons - The Minnesota Pari-mutuel Horse Racing Act requires the Company to segregate a portion of funds (recorded as purse expense in the statements of operations) received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ association. Pursuant to an agreement with the Minnesota Horsemen’s Benevolent and Protective Association (“MHBPA”), the Company transferred into a trust account or paid directly to the MHBPA, $1,185,000 and $1,260,000 for the three months ended March 31, 2020 and 2019, respectively, related to thoroughbred races. Minnesota Statutes provide that amounts transferred into the trust account are the property of the trust and not of the Company, and therefore these amounts are not recorded on the Company’s Condensed Consolidated Balance Sheet.

Checks Written in Excess of Cash Balance

Checks Written in Excess of Cash Balance – For the three months ended March 31, 2020, the Company included $945,000 of checks written in excess of cash balance within accounts payable on the Condensed Consolidated Balance Sheet. There were no checks written in excess of cash balance as of December 31, 2019.

Revenue Recognition

Revenue Recognition – The Company’s primary revenues with customers consist of Card Casino operations, pari-mutuel wagering on simulcast and live horse races, and food and beverage transactions. We determine revenue recognition through the following steps:

 Identification of the contract, or contracts, with a customer

 Identification of the performance obligations in the contract

 Determination of the transaction price

 Allocation of the transaction price to the performance obligation in the contract

 Recognition of revenue when, or as, we satisfy a performance obligation

The transaction price for a Card Casino contract is a set percentage of wagers and is recognized at the time that the wagering process is complete. The transaction price for pari-mutuel wagering is the commission received on a wager, exclusive of any track fees and is recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body. The transaction price for food and beverage contracts is the net amount collected from the customer for these goods. Food and beverage services have been determined to be separate, stand-alone performance obligations and the transaction price is recorded as revenue as the good is transferred to the customer when delivery is made.

Contracts for Card Casino operations and pari-mutuel wagering involve two performance obligations for those customers earning points under the Company’s loyalty program and a single performance obligation for customers who do not participate in the program. The Company applies a practical expedient by accounting for its gaming contracts on a portfolio basis as these wagers have similar characteristics and the Company reasonably expects the effects on the financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from what would result if the guidance were applied on an individual wagering contract. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with the loyalty points earned, the Company allocates an amount to the loyalty point contract liability based on the stand-alone redemption value of the points earned, which is determined by the value of a point that can be redeemed for a cash voucher, food and beverage voucher, racing admission, valet parking, or racing forms. Based on past experience, the majority of customers redeem their points for cash vouchers. Therefore, there are no further performance obligations by the Company.

We have two general types of liabilities related to contracts with customers: (1) our MVP Loyalty Program and (2) outstanding chip liability. These are included in the line item Card Casino accruals on the consolidated balance sheet. We defer the full retail value of these complimentary reward items until the future revenue transaction occurs.

The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program.

We evaluate our on-track revenue, export revenue, and import revenue contracts to determine whether we are acting as the principal or as the agent when providing services, which we consider in determining if revenue should be reported gross or net. An entity is a principal if it controls the specified service before that service is transferred to a customer.

The revenue we recognize for on-track revenue and import revenue is the commission we are entitled to retain for providing a wagering service to our customers. For these arrangements, we are the principal as we control the wagering service; therefore, any charges, including simulcast fees, we incur for delivering the wagering service are presented as operating expenses.

For export revenue, our customer is the third party wagering site such as a racetrack, OTB, or advance deposit wagering provider. Therefore, the revenue we recognize for export revenue is the simulcast host fee we earn for exporting our racing signal to the third party wagering site.

X

- Definition
The entire policy related to checks written in excess of cash balance.
+ References
No definition available.
+ Details

Name: cphc_ChecksWrittenInExcessOfCashBalancePolicyTextBlock

Namespace Prefix: cphc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Deferred Revenue [Policy Text Block].
+ References
No definition available.
+ Details

Name: cphc_DeferredRevenuePolicyTextBlock

Namespace Prefix: cphc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Due To Organization Policy Text Block
+ References
No definition available.
+ Details

Name: cphc_DueToOrganizationPolicyTextBlock

Namespace Prefix: cphc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Summary Of Significant Accounting Policies [Policy Text Block]
+ References
No definition available.
+ Details

Name: cphc_SummaryOfSignificantAccountingPoliciesPolicyTextBlock

Namespace Prefix: cphc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
No definition available.
+ Details

Name: us-gaap_BasisOfAccountingPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4273-108586
+ Details

Name: us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for revenue from contract with customer.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388
+ Details

Name: us-gaap_RevenueFromContractWithCustomerPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 32 R2.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)

Mar. 31, 2020

Dec. 31, 2019

CURRENT ASSETS

Cash and cash equivalents $ 355,399

Restricted cash $ 3,081,073 2,308,955

Short-term investments 103,886

Accounts receivable, net of allowance of $19,250 for both periods 364,353 302,037

Inventory 288,878 390,118

Prepaid expenses 528,000 501,493

Income taxes receivable 88,075

Total current assets 4,350,379 3,961,888

LONG-TERM ASSETS

Deposits 49,500 49,500

Restricted cash - long-term portion 1,262,744

TIF receivable 9,857,413 9,708,856

Related party receivable 3,533,829 3,528,927

Operating lease right-of-use assets 72,911 74,832

Equity investment 2,992,633 2,992,633

Land, buildings and equipment, net 44,241,167 43,833,702

TOTAL ASSETS 65,097,832 65,413,082

CURRENT LIABILITIES

Accounts payable 4,754,400 3,495,238

Card Casino accruals 1,655,005 2,167,056

Accrued wages and payroll taxes 890,059 2,254,379

Cash dividend payable 324,439

Accrued property taxes 1,274,571 1,019,658

Deferred revenue 1,354,821 1,482,130

Payable to horsepersons 448,175 557,696

Income taxes payable 120,960

Current portion of finance lease obligations 24,807 24,500

Current portion of operating lease obligations 27,855 29,776

Total current liabilities 10,429,693 11,475,832

LONG-TERM LIABILITIES

Deferred income taxes 4,663,500 4,404,300

Finance lease obligations, net of current portion 65,466 71,784

Operating lease obligations, net of current portion 45,056 45,056

Total long-term liabilities 4,774,022 4,521,140

TOTAL LIABILITIES 15,203,715 15,996,972

STOCKHOLDERS’ EQUITY

Common stock, $.01 par value, 10,000,000 shares authorized, 4,694,138 and 4,644,522 respectively, shares issued and outstanding 46,941 46,445

Additional paid-in capital 23,035,735 22,733,933

Retained earnings 26,811,441 26,635,732

Total stockholders' equity 49,894,117 49,416,110

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 65,097,832 $ 65,413,082

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable to horsepersons.
+ References
No definition available.
+ Details

Name: cphc_AccountsPayableToHorsepersons

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Accrued liabilities operating segments current
+ References
No definition available.
+ Details

Name: cphc_AccruedLiabilitiesOperatingSegmentsCurrent

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Accrued property taxes.
+ References
No definition available.
+ Details

Name: cphc_AccruedPropertyTaxes

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccountsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130549-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4428-111522

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4531-111522
+ Details

Name: us-gaap_AccountsReceivableNetCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AdditionalPaidInCapitalCommonStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6801-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.9)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765
+ Details

Name: us-gaap_AssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsNoncurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118944033&loc=SL49130531-203044

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118944033&loc=SL49130532-203044

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130549-203045
+ Details

Name: us-gaap_ContractWithCustomerLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31931-109318
+ Details

Name: us-gaap_DeferredIncomeTaxLiabilitiesNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DepositsAssetsNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6935-107765
+ Details

Name: us-gaap_DividendsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due after one year (or one business cycle).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.11)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864
+ Details

Name: us-gaap_DueFromRelatedPartiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_EmployeeRelatedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.12)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_EquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.5(c))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.10)
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3(a)(4))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_IncomeTaxesReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying amount due after one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(5)(c))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_IncomeTaxesReceivableNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116846819&loc=d3e3927-108312

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19-26)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_Liabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(23))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(25))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(32))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.21)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of obligation due after one year or beyond the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(25))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(23))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(26))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(24))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesNoncurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's right to use underlying asset under operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseRightOfUseAsset

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6787-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 340
-SubTopic 10
-Section 05
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=68074540&loc=d3e5879-108316
+ Details

Name: us-gaap_PrepaidExpenseCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash restricted as to withdrawal or usage, classified as noncurrent. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6812-107765

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 210
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=116631420&loc=SL116631458-115580
+ Details

Name: us-gaap_RestrictedCashNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(4))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(6))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(5))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1)(g))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(2))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_ShortTermInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_TaxesPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 33 R6.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Operating Activities:

Net income $ 255,221 $ 56,572

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation 716,853 625,520

Stock-based compensation expense 57,606 90,058

Stock-based employee match contribution 160,967 116,312

Deferred income taxes 259,200 94,800

Loss from equity investment 2,377

Loss on disposal of assets 113,437

Changes in operating assets and liabilities:

Increase in accounts receivable (67,218) (69,385)

Decrease (increase) in other current assets 74,733 (40,457)

Increase (decrease) in income taxes receivable/payable (645,771) 357,158

Decrease in operating lease right-of-use assets 1,921 1,939

Decrease in operating lease liabilities (1,921) (1,939)

Increase in accounts payable 960,781 302,777

Decrease in deferred revenue (127,309) (61,754)

(Decrease) increase in Card Casino accruals (512,051) 417,322

Decrease in accrued wages and payroll taxes (1,364,320) (888,915)

Increase in accrued property taxes 254,913 222,443

Increase in payable to horsepersons 327,215 122,454

Net cash provided by operating activities 350,820 1,460,719

Investing Activities:

Additions to land, buildings, and equipment (825,937) (3,101,381)

Additions for TIF eligible improvements (148,557) (1,700,038)

Proceeds from sale of investments 103,886

Net cash used in investing activities (870,608) (4,801,419)

Financing Activities:

Proceeds from issuance of common stock 76,592 149,815

Payments against line of credit (1,450,000)

Borrowings on line of credit 1,450,000

Cash dividend paid to shareholders (324,439) (316,938)

Payments for taxes related to net share settlement of equity awards (72,379) (54,934)

Principal payments on finance lease (6,011) (5,738)

Net cash used in financing activities (326,237) (227,795)

Net decrease in cash, cash equivalents, and restricted cash (846,025) (3,568,495)

Cash, cash equivalents, and restricted cash at beginning of period 3,927,098 11,203,998

Cash, cash equivalents, and restricted cash at end of period 3,081,073 7,635,503

Schedule of non-cash investing and financing activities

Additions to buildings and equipment funded through accounts payable 298,000 227,000

Transfer of future TIF reimbursed costs from PP&E 149,000 1,700,000

ROU assets obtained in exchange for operating lease obligations 15,000

Dividend declared 320,000

Supplemental disclosure of cash flow information:

Interest paid $ 11,000 $ 2,000

X

- Definition
The increase (decrease) during the reporting period in the aggregate amount of accounts payable to horsepersons.
+ References
No definition available.
+ Details

Name: cphc_IncreaseDecreaseInAccountsPayableToHorsepersons

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Increase (decrease) in accrued wages and payroll taxes.
+ References
No definition available.
+ Details

Name: cphc_IncreaseDecreaseInAccruedWagesAndPayrollTaxes

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Increase decrease in Card Casino accruals
+ References
No definition available.
+ Details

Name: cphc_IncreaseDecreaseInCardCasinoAccruals

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of increase (decrease) in operating lease liabilities.
+ References
No definition available.
+ Details

Name: cphc_IncreaseDecreaseInOperatingLeaseLiabilities

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase (decrease) in operating lease right-of-use assets.
+ References
No definition available.
+ Details

Name: cphc_IncreaseDecreaseInOperatingLeaseRightOfUseAssets

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Tax increment financing eligible improvements.
+ References
No definition available.
+ Details

Name: cphc_TaxIncrementFinancingEligibleImprovements

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Represents the transfer of future tax increment financing receivable reimbursed costs from property plant & equipment.
+ References
No definition available.
+ Details

Name: cphc_TransferOfFutureTaxIncrementFinancingReimbursedCostsFromPropertyPlantAndEquipment

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4332-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4313-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586
+ Details

Name: us-gaap_CapitalExpendituresIncurredButNotYetPaid

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 230
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(5))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15)(5))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_DividendsPayableCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The amount of plan compensation cost recognized during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=109244661&loc=d3e17540-113929
+ Details

Name: us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash outflow for principal payment on finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 5
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918643-209977

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(1)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980
+ Details

Name: us-gaap_FinanceLeasePrincipalPayments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of gain (loss) on sale or disposal of other assets.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_GainLossOnSaleOfOtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of income (loss) for proportionate share of equity method investee's income (loss).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(12))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(10))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(13)(f))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570
+ Details

Name: us-gaap_IncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInContractWithCustomerLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInDeferredIncomeTaxes

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInIncomeTaxesReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of increase (decrease) in current assets classified as other.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInOtherCurrentAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the period in the amount of cash payments due to taxing authorities for non-income-related taxes.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 17
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3367-108585

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3536-108585
+ Details

Name: us-gaap_InterestPaidNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3536-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3213-108585
+ Details

Name: us-gaap_PaymentsForCapitalImprovements

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690
+ Details

Name: us-gaap_PaymentsForProceedsFromInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585
+ Details

Name: us-gaap_PaymentsOfDividends

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash outflow to satisfy grantee's tax withholding obligation for award under share-based payment arrangement.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585
+ Details

Name: us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash inflow from the additional capital contribution to the entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromIssuanceOfCommonStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromLongTermLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591552-111686
+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585
+ Details

Name: us-gaap_RepaymentsOfLongTermLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase in right-of-use asset obtained in exchange for operating lease liability.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(2)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980
+ Details

Name: us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of noncash expense for option under share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_StockOptionPlanExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_SupplementalCashFlowInformationAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 34 R26.htm IDEA: XBRL DOCUMENT v3.20.1

STOCK-BASED COMPENSATION (Schedule of Stock Option Activity) (Details)
3 Months Ended

Mar. 31, 2020

USD ($)

$ / shares

shares

Number of Options

Outstanding, Beginning Balance, Number of Options | shares 33,250

Granted, Number of Options | shares

Exercised, Number of Options | shares (24,250)

Outstanding, Ending Balance, Number of Options | shares 9,000

Weighted Average Exercise Price

Outstanding, Beginning Balance, Weighted Average Exercise Price | $ / shares $ 9.64

Granted, Weighted Average Exercise Price | $ / shares

Exercised, Weighted Average Exercise Price | $ / shares 8.28

Outstanding, Ending Balance, Weighted Average Exercise Price | $ / shares $ 13.30

Additional information

Options Outstanding, Weighted Average Remaining Contractual Term 9 months 18 days

Options outstanding at end of year, Aggregate grant date fair value | $ $ 119,700

Options exercisable at end of year (in shares) | shares 9,000

Options exercisable at end of year, Weighted Average Exercise Price | $ / shares $ 13.30

Weighted average remaining contractual term 9 months 18 days

Intrinsic value of options exercisable | $ $ 119,700

X

- References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Net number of share options (or share units) granted during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Number of options outstanding, including both vested and non-vested options.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)-(ii)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average remaining contractual term of outstanding stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of share options (or share units) exercised during the current period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 35 R22.htm IDEA: XBRL DOCUMENT v3.20.1

COOPERATIVE MARKETING AGREEMENT (Tables)
3 Months Ended

Mar. 31, 2020

COOPERATIVE MARKETING AGREEMENT

Purse Enhancement and Marketing Payments

Purse Enhancement Payments to

Marketing Payments to

Year



Horsemen (1)

Canterbury Park

2021

7,380,000

1,620,000

2022

7,380,000

1,620,000

1 Includes $100,000 each year payable to various horsemen associations

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of collaborative arrangement and arrangement other than collaborative applicable to revenue-generating activity or operations.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 808
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6931272&loc=SL5834143-161434
+ Details

Name: us-gaap_ScheduleOfCollaborativeArrangementsAndNoncollaborativeArrangementTransactionsTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 36 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 37 R43.htm IDEA: XBRL DOCUMENT v3.20.1

RELATED PARTY RECEIVABLES (Details) - USD ($)
3 Months Ended 12 Months Ended

Dec. 20, 2018

Mar. 31, 2020

Mar. 31, 2019

Dec. 31, 2019

Dec. 31, 2018

Related Party Transaction [Line Items]

Interest income, net $ 163,690 $ 63,240

Doran family holding

Related Party Transaction [Line Items]

Costs incurred for preliminary grading work $ 268,000

Doran Canterbury I joint venture

Related Party Transaction [Line Items]

Debt instrument basis rate Prime Rate

Doran Canterbury I joint venture | Doran family holding

Related Party Transaction [Line Items]

Loan receivable $ 2,910,000

Promissory note $ 2,940,000

Interest rate 5.00%

Loan maturity term 3 years

Allowance for doubtful accounts $ 0

Doran Canterbury I joint venture | Prime Rate [Member]

Related Party Transaction [Line Items]

Spread on interest rate 2.00%

Dorian Canterbury Loan One [Member]

Related Party Transaction [Line Items]

Loan to related parties $ 178,100

Dorian Canterbury Loan Two [Member]

Related Party Transaction [Line Items]

Loan to related parties $ 137,000

X

- Definition
Amount of allowance for credit loss on accounts receivable.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118936363&loc=d3e5074-111524

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118955202&loc=SL82895884-210446
+ Details

Name: us-gaap_AllowanceForDoubtfulAccountsReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentBasisSpreadOnVariableRate1

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Description of any adjustments made to the stated rate to determine the effective rate.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentInterestRateBasisForEffectiveRate

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Contractual interest rate for funds borrowed, under the debt agreement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentInterestRateStatedPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentTerm

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying amount as of the balance sheet date of obligations due all related parties.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.17)
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15(3),(4))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
+ Details

Name: us-gaap_DueToRelatedPartiesCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
For an unclassified balance sheet, reflects the carrying amount of unpaid loan amounts due from related parties at the balance sheet date.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.7(e))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
+ Details

Name: us-gaap_LoansAndLeasesReceivableRelatedParties

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
For an unclassified balance sheet, amounts due from parties associated with the reporting entity as evidenced by a written promise to pay.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.3)
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864
+ Details

Name: us-gaap_NotesReceivableRelatedParties

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of income (expense) related to nonoperating activities, classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details

Name: us-gaap_RelatedPartyCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_RelatedPartyTransactionLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=cphc_DoranFamilyHoldingMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_CoVenturerMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=us-gaap_PrimeRateMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=cphc_DorianCanterburyLoanOneMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=cphc_DorianCanterburyLoanTwoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

EXCEL 38 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 39 R16.htm IDEA: XBRL DOCUMENT v3.20.1

RELATED PARTY RECEIVABLES
3 Months Ended

Mar. 31, 2020

RELATED PARTY RECEIVABLES

RELATED PARTY RECEIVABLES

10. RELATED PARTY RECEIVABLES

On December 20, 2018, the Company entered into a loan agreement with Doran Family Holdings, which is the controlling partner in the Doran Canterbury I joint venture. The Company loaned Doran Family Holdings $2,910,000 net of loan origination fees, and received a promissory note totaling $2,940,000 bearing interest at 5%. The note will mature at the earliest of (i) the date of closing by Doran Canterbury II, LLC on Phase II Project Financing; (ii) the closing on any purchase of the Phase II Land by Doran Shakopee, LLC pursuant to its option under Section 3.9(a) of the Doran Canterbury II Operating Agreement; (iii) the date of final determination that the Phase II Project will not be developed by Doran Canterbury II, LLC; or (iv) three (3) years following the date of the note. Management believes no allowance for doubtful accounts is necessary.

In 2018, the Company incurred $268,000 of costs for preliminary grading work on parcels of land the Company has designated for Doran Canterbury II. The Company will be fully reimbursed for these costs upon the commencement of the Doran Canterbury II project and thus, recorded the amount as a receivable. Although there is a possibility Doran Canterbury II will not materialize, the Company currently believes this likelihood is remote.

In 2019, the Company loaned money to the Doran Canterbury I joint venture in two separate loans in the amounts of $178,100 and $137,000, respectively. These member loans bear interest at the rate equal to the Prime Rate plus two percent per annum. The Company expects to be fully reimbursed for these member loans when the joint venture achieves positive cash flow.

X

- References
No definition available.
+ Details

Name: us-gaap_RelatedPartyTransactionsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI http://asc.fasb.org/topic&trid=2122745
+ Details

Name: us-gaap_RelatedPartyTransactionsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

ZIP 40 0001672909-20-000016-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001672909-20-000016-xbrl.zip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�M00-S_!(.=KM6OQH:5 &$^\R])A-PNIF7- '/R\*Z#1BW!\=8[)8;L2QD MJLM25D.F:#_[S#+PWYM:Y2S!.O%&;6M4@G9'G<:125@TGCOI=S3#.BAO6(\X MC=,1M/*LO#475F;2ME@T6=CP.DGNC7M6WZP,%U\493!+ U/C]Y]2EZQA MMSON=F692VEE0@=+EL&_3IL&@VY_V+6J0807P]&]\0C$V:P(D&I__2E5J=M! M1AY;&BMS][=Y^Y*,_96*-#+-7NDY?(JB)7,NEV%6-BB6.5E"G_ELZL88,=@5 MJ "P6 4JJE]8PE37)UIB(M61X;F(7$5D,(?F<'Q2.O ??5V&DYD=\7KJ2"*I MZ _&ZTA:?CXEB)*O<$FC:64*<%Z:C]6S-I;?I<:RUUQXMO0P=7\QYSL )^O% MB3PWD%/-XH3&$BEBKOL\RE.DK,T=O8SA)Z? "RJZSL=!9SQX&7/JGL4I)7O0 M&8[7G4#E*5)6LLWA*95[PX@=#[H'N#XN-Y6-T9QV0B>4]<'0&I7DLUK$*2OV M_9)0> U2OM>)5V6H=4=[\G; UVO0V=R2G ?6OLLO!2D2EE)M_;U74Y-AG+^ MB]4!:_WR$D.&F9PRE-7I]'LC':E26LQ[1\; 5?W)U2.6J^RL;RH'V6/@VCK3 M-EYWZ)#*J5=_..BLYYSW&=(WMDB,HL-WM,9NN&W-+U/H93187^#O.8EJIG_B M0-QX;*VC:(73WZS!/TAQ1N/Q1MQLOS&<8O"GQ/WAV%Q?NBI+B-*^^_HR3]F9 MORI],@"8*(U@U5&@9!C*ZIGC==LGS^A/J,*]7G^CQDA90I15X;%$*GS8S%^E MPL-Q?R.F_BH*+&\C]I\ECO$>1Y9U1RI5J9UT9\KZ,574:*I3IM,4_Z%IMK<= MX'?]SP_75__WGU=_W!A7_X+_7N_H/%7_)/9JD+5CF+RQG8DMV,QNNW^R89]' MQL(.8WZ:1AR!^-XS+UB@.AAL.@W".&H9\8P9%\DI&R"X1LBP=XSW9# \?P-6 MAZX?!T;\$, WMF>P"#7*2,7L MOOTW$-6(7(?A+_#MW^P)PPT/?^%;;/C(#1W.R2=^(F*\+LP)3"2(P? MK%:OTVEU.IV<_EUX081U[FYD1,O;/]F$SP-?B3LYHJD]21\V82%BHC%91C%0 M/.0%)\)01FWC)D\B6%=.0+KP*3!H/TH> @_&?F\,:,<)VU94B3(!,?M'E1"K MW:M70,R6*9F *&\"2O=(?,[V%UV$&_N115_M)^PB<+$,0Y2N0[9Z6)WQ(!= MV/+XXOO7]F6)O<^7N&./.1O;5,Z=/Y=BO\@!,8.-@$]W.,BM.%XYH,IG5;+B MI@M\.,6DL'O=]L<6S<]<&. MW,DQI:K?'_?RFZI*#83F<#QIZH_[^2K6AL[A_WGW[F,0Q'X B[EKQAVR=^_@ MJ[__]'@;>K_^_U!+ P04 " #98:U0/2'T/;H/ >GP $0 &-P:&,M M,C R,# S,S$N>'-D[5UM;]LX$OY^P/T'7@XX=(%S'"=M=Y-K]^ 7)376;VL[ M[>ZG!2/1-A%9=$DJB>_7WY"2;-EZMYV-#JSQOG%&2*.R2SJS#^?N:*&A4GIV;]__NM?/OVM5ONM->XABYGNDC@2 MF9Q@22ST3.4"3=EJA1W4)YQ3VT8M3JTY0>CZ_./YQ7FC\1'5:GXE+2R B3E( MUW9YWMB4M/T*F7.#/M0;5_7+B\L+U&C<7%S?-'Y"S?Z&L@\2SF@VJ3 79(D1 M*.F(&W.U,#^?+:1D#D0UH"*OKZ[HN]4GCB*#*1OVW?F^B M>_X,2YG"$O)Z8,KR0Z! MZX1(/'7 B%4';H6=8?&@10U*H-'&=>VB4=O"+KA,XMH4A=G UA#ZA!V'22QA M*.G?ZLUJ19T9\W_""]5[-YS99 I5(/5P/^YF=8HBJT^@9MTC;>98Q($Q! ^" MV=128Z:%;87A9$&(%&>(6I_/BC!L! Q$M,B,.E2K H!>7* :VM0'S^WAH&,, M)D9'/4V&O6ZG.84?K6:O.6@;:/+%,*:33_7]JO9;<4&HH?.S?EYQ(J!RW7T] M>.%S^R1IG":V3=<^@'$K63*?_S: [/61W)2*X6RX(ESKE0O2!,YT;"_S8CN9 MPG]]8S"=H.$M&HZ,<7/:!8(*Y6-1;F.QN+79Y"X,Z76A$?OSR4Z3,QC%*% M7I!!AQZA,N35AD+55: =G0R-8&)UY()("DH6SHQVN;/2I ^'I$GHW4XCU4 ] M.J">2&8^+IAM$2Z,[RZ,J:*1=4P-Z=A?'19B3Z;#]B]?AKV.,9[\X^\O:D7A M7\CX];X[_;TR@ZP95X.D5Q-5X QXAGUU%E4:G W(BAO[LZR&JM9J>HCV1X"M MCJ(0T% (,\F$8322-.Q^AC%"KQN#PLZ2#^& 4Q8QJL$"VX.1$/W4Y9 M.D;748R"/:8*BKR>$GP)TJ>(<"?N,LEYNOA;$+G#IU1Q=PT3>;JN'_$;*HB M_P'FWL!*V%4\OL+TC<5&3!KXU1A_[1K?=%XQN>_#X/Q=+V=V[P;=VVZ["8.S MV6X/[W7&@4;#7EC=INEJ:_'H:#;++G)RI8-?8"&T0O>4Z&Y/">CRX4J] M;)K0NU2N"R&>JZ8L*X@<,TFV@O!I ]TB\II$09N5=9PJ&)D,ZIKE6\BLT3X3F=L*-%.7% M-T<568A'9NPXQ,-S]:8E%#15F<$Q9C F)G-,:E.MS7 V)D_$<1,/AQ;FSS* M7&MBNXV@X0P%S53@GQ)\+PQKD1GCQ'N>XI?#;2&CNBS3B!PAS6<:7DO(:S;X MI1NNC.64QM(4@N2?*]*YLTSAPV&FX#52P7Z: WZ*F "LX3;9)D M!?3%F--!+GY^H(KT7P'RD^?HHYA;#1[ MR-!GT%''^&KTAB,/YPJ\8ENI60X^@2H=L.LH8,'V:N6P3_'Y9MO&0NA]43^E MIO.%',[N!4D-N0^M)@OMB#N.^V#3W&E,O>&J.?4 78EP%8@7=[^V^MYGA+E< M0V9#Z),^NY#H@%.I4S%N7,2YX)[^$&C4'$]_AU]MH_NUV>I5P7>A/5/W09#O M+JAM/.590,^D3X>Q3W?>I0+_ MH$@X5PB< 6+^V+<"*5\4%1\49<"0&-%6O7Y@E)(S/$G'I5!<4D%5-!K)BCXR MP,D3;52@G#RN.%E\D2O.N(0X([I%?^BYVJ#)*MXLO":@?T$7ZH]%D6FT!R# M3\V[&I!=0=8Z0.*A^O Z@+Z2"4G5CKZLR?);0EPU]?^5R"_DN[M;2NOI+J-'XJJ#BS$?D6E>ZK^5U(7AEA1=7='Y2OIW-DT$JOXIWKX MPESXM7NA[B?0FW&)G-C;A)-N-?;N@.XQ;P$UA47]J@5\-?6JUKBL737.7X05 MR%A$A&T?%!,AX#M:A&L/68?,58J03PR;\QTN)<2U$J+Q,9\0NB9!S/,Y>P*C MHCNW*\=)()*8U$-MRWU '\1?N9VG&\*< X^Q<$]D7.1=3(P#98B_&#RG/08, MJM4/1YI@SE9#YB<+*QN^V5M5(C)M+^BA,.<T[]_9K@-F-2']X1U>>%'?(H$;5')!H+/[CMJV6K'X M?":Y"[^]&4[?67^S9& %D&]U)5FJ*!#$A4P:IA)7"7O'F;L*2"F0P%RCGV$. MHLR:ZHHLU[L&.RA[\"[W@P+R0&6RX'WJ.$3 Y-/BA*A;X&Y=QPHT2"HLIRI# MN2!\A#GMN](EMM_S(E FN;B)8/8H?J*TO.XV!TCI?\V M1'L"P./.\;FUN #O7+2QFH$(8F2S 225]4G)%&?J.X.A(\K MB)=4_U66&XLM,S*=3QV"(R=-)P M!,8>^,[?"=[HDYOZC>:4+/^:3_Z19^UX#B-F0.2(@[PO(\YF5/H/#C4"E \44O?$FSI10O1Y*1/ M9&A6*,B6HBAU))D3_KIZ>K.66JR^9?R6C]M M/24OLF4S\S%0*P==VC0N [I71<; W!FZ"T8H*J4V[= M/\%AZ?M#ND) ^M9Q5?HRTNSZ+@L1NLY$&"\P&U)!K*YCVJ[Z\X4ZK]V^WT2\ MIZPQ+=O2%;YJYPP?;#K7-/>.1?CVNC7V%=)YY@H=(,.;IA#,]+[=$YXV2JO] M#TNV+B;@VT0S?T)#)0T,"^SX1]W%H-=5&+>EPP4SS'Y"U[[JS)Q1263_Y8QJ^E8+9"2XSF!1QV7M)F0,-'@T*)E M+LIRNN7-,HF_'7$O_97[34B20E!.E:+39"[W4)RMG.I#@/T(DPGI6^09/X++ M8!ZU"YWAV*^A+!ID6=SCS7 @,H_#]KPY I':$ M3?V7[^#]'06+@.$ 9!1:#NRX$)T.P(=/GXG] M1/K,D8MMP'XP>SD3X)SZ3)^9WK\IV TAMG*JO_W4\):SY0'V<$P%;],E62N) M3$G%O!L FAR;!8=B/*<[W'4*OY8;P?TQ< AC*2$W M7F#R<;#==H5D2TC =V>HY.*2S5!J)P^2K'ETD36VI&32Z[$R4SN8MZYTN;H) M52^:**I;Z@"2,#+&A"X?5(YIZ5E6&=[(^UIEK1;N]=]R_^[25?@LQ&M47,ZY M7<=2MWA)[?479EN1DW8IY24SADA4V+/-C+@Q3%$R;:*+?YMU3_W5Z?[%4\F+ MAIE\Y33,+$5"9[KSZK[+4M9MY_A3"E^Q[9*=%+3Y#*EIQMF&9*[_+>V],QJ% MU4]A>]OS&]H7CUO?O>^ M]5<;9VGN<[/?5HRGE"%M[':3^GKF&YX3=<'!"*\Y9"WZUO?4/:H4IG+.-1JF M7UWH-"J]N^'R6'1.AK>WZ(3H=9.*89,TEVIC<1/^%F HI2W[1JAS&"+DT,G0 M*'PDHS!C*7L 8ET:#G9[##M#AT0"XE2BDL7$<>).GUFV3F&BDNG47A#S47SC M5$KB=!WCQ21"#&=M+!;^C)FPW78(X]N[HF#K,TWN75]4B*.D46VL$S%L.J<@ M;&@;0*0ZX 2&DNKL>])@160G:D@H>_OU[D]U[ZOXG_\+4$L#!!0 ( -EA MK5 N5" IK X #/< 5 8W!H8RTR,#(P,#,S,5]C86PN>&ULY5U;<^(X M%G[?JOT/WLS+S /ADBNI[IDB0+93!8$">GOV:4JQ1="VL1C9SN7?KV1LKI8E M&1/+IFIJ&HB.K.]\1T>RCG3TY8_WN6V\0N(B['P]JY_7S@SHF-A"SLO7,]^M M -=$Z.R/W__YCR__JE3^O!_U# N;_APZGF$2"#QH&6_(FQD3O%@ Q^A#0I!M M&_<$62_0,)KGU^>U\WK]VJA4PDKN@4N%L&,$M37.ZZN_M,,*L7-G7%7K%]5& MK5$SZO6[6O.N?FNT^JN2?=K"*1(7M9'S\YD^SZ P'??KVJ?_=[8G,$YJ"#']8!CKJ58-7%R M]6:S60W^2HNZZ,X-Y'O8!%Z@>&&[#&X)]JT2%:NPGRKU1N6B?O[N6F=4!X;Q MA6 ;CN#4"!IPYWTLX-"#B6.?G"QC2Q&U#VP&?KQ#$+//3/88[Z/'K?0F,#Q('GVR<<"D)_G)IY7 M6;&J4L75X\)8_=4=3 <+2 ).,L7#>\(G FL#=_9@X[>CX=IXP,&P.L@U;>SZ M!#Y![Y'ZHSD<0C*> 0+;>+[PO:4".] #R%9$I%IWAF!ZD'91E_D.R[?A8-H' MGD^0A^#:+)R7EF,]((>:/_V\%#@0YJ%/S5P!ZP:$SV@#VVP:E-!\-V#5,):_8H\]D@ZBM1J1L58U4L_MP=/G>[3N-MA MG\:#WF.G-:%?[EN]UE.[:XR_=;N3\=*A4T V-K<>9+.A!)-M*D)DP7@Q!>YS M,&C00?T%@ 4=/.K-*K0]-_JEPGZIU.KAV/%+^/-?+=?=P&6#9V@'4X.M/U9S M:UC;)X1J,+%]89F_KB]N&I?-Z\OFU77S\O;J^OIFH^4;-M(BVR ,:/ZZ<<] ML]D>D,,25=>?SX/:*HB2',E/"9[OJR]\&%9I."86)'3.=F;X+FT/7K!G ?O, M>(/H9>8%?\F#%C804'?"_NG^[:-78+,!HN6U 2$?U+W\!]@^Y- E):LKC4ED M[1.<'JH,\0N",/6''[E9P0BZ'D$F=8^'V(-B+>6PC"Q AS;2T-I&QC-,O DD M\T?GE6(.)I(<0X@K6@ZVI9&%E%YH36G+-+%/$8R@":F]/MMLEBT8HA-$RD&Q M,L*0ZDNMJ6;VZM"Z/R@8#K6;1&5.V'*S*0PM9O=&:U0Y<8!?1 M65^@BB?LF(G=E5=<5V[C&%3"H#;3;>CP-B0DD5>\2"0J85";V^9$8JQC$7(I MD"H2I6F@J$UE#[' M3H H,?"X4TP_(B5)B0DTRD#3-9C<#>P,2+*@@%2T1Q M2K"%"!*.V'X>!UI=0!PZE75;ING/_> ]I0.GR$3\11218(DL("58F767G.<3 MXJF#?C2F&71%@ JQSKD!(CFJM%]0:Q8E>Z$D*K6)4TY41D'K(?A@RWQR,?SM MPEO@KVJUF]JU/I0F$<0/X4L //*T>']_+?N%-9#XT-H N%K]&<.78+T@GD)% MZ1)PF@7B0GCC[GQAXP\(PV5=:>+1&F$0:4MPUUOE2D"4&K9"[+1J8\G8$4C(OT"J7.RG 5N(9<@QZ>#SYJ@>SC%!&Z<(N@C)S"G M1V8$T&7[(;=K4=OJ^XDMV.Y!]=K-12TG=Q'#_KX_R%LSA9A34"^+HQG3$FIX M,I1C;MSR^AB'+OSO6Z2:\@IA/P-O!HFJ$24+Z6=):DV->2=1QUL,\K?QQ S3 M"27UHUD_AR&K-K57F,N\PH*NQ[8&AF;/,Y7=8OK9B2PK%1"$IM5UE6&_]6TZ@0SG*X/@%F4' =3Z+I!RU@.UW![XQB2 M5V1"-YE[.>$=Y5S=7%X5TP8.@'ODG60@^IO8(72#\&LS\&?S = M SO><8NE"L_H(3C5-HGEU*W_#9##5CD&#@,RF ;($E/D)T@4GNZT&,5;QPY< MV,EP19^I9*V1U>PD:3V?(U(:NI5!1GSKG2MD1!V6L\R$%G<:X=$Q;9_=C,4, MF_YG3< [QPI2U*2?<:1?V\T*?B&V(ZU"(&%/N(<.G'*S4G!*Z\.^PGX".11" M$BOQ?3_OC44;%UIM*IR[K^@RW;ZB=FO\S7CH#7[DLJ^(@=RY7F+O^HGM'S9* M#B%EC07Y"-MCV('+?[OO8>^F'V; >8$CJI'N= I-[DFW3VY$+IM+H,<:3M]T MV"%4Z_[CN\NVYZTOX#(]])J4\$2^ GU\2;Y6MK7=Y##MJ46_P M\V!=0#\3.9"@^#6%!+"%V%1RV"I]&5D5PBW$E#'("#4(FL;R@":O!<87/@&N M%8"KQ5-SVO03I1I9XGIS('%G:!% &P^&[/)1BB_0SK;)&[>8Z[UA! MYK:2C4Z.G/4CL_?-K9G0H[-WVH,[B922/0%S2:\'87RXHH.-''&5NI3VH(I> M&'6NZ##@[%OY_DUTTHYB7_0$["*U&H0A:ET,)*/#5E)[N\MJ(BGU( Q='SB4 M<&+7^S:=>$](;"1;M8X2VT%V^CAR_#NE.?!3,:N*G[H1B%2A&A37YOU#\>)) M&>D2VTH6FA#'TS4UE>7.@64N@\3W$1G1DS02235$%B(;=M7N%25,0*7\?A+* M[2CEZB1L0T8'D6'H??9D'UMB?E!I*TFLY21M1ETCD05]QVSV<499Q*,MZ)NI+:7'C*1*2FPZ&2HD,A_)$SM']2)J6;L5JRBQ M.62FCL@8]$[^S-';3U5XALMC2+A,$!QXP"2]L?)PO M*&"8%'9)%M+/E XD@%KV#(9*S-_&[T@ZB@3J%83WD9\ M4;MIYGV1>6:49Z"(M(0.LX?V)*ALO:1:UA5(QUU?3+4W=B/#ZU!_VN,>R.C/&WUJAKT*_#[Y/E M[2[&K^$S?LLC'\./0/?0:BU39SWY\V=(&).VS])3,'6X ]]S/>!8_"1$RK7D MT8\YC=QK'1W'D*D&-+X._?I^2K8W>_OA&BC$RV@L3)Z>6M;__.7*GXK9B&L[ M'0-*J8N4A^^//:($4R!W;,Z@Y;/3?7W@^2084E?7AP7I1U=C[E) ;:QIUBYW MQYI>MS7NT@$E>K*!I\9\]6SV;74+BD'U:TRCYQMVT(#?\AV+8B\0E)AL;Y3- M^UTA\VN;+VNW]8N<.WTB+^FN:0YA%6(H^(2K/XO/L@!9(;*DQ *+WFXZ/F\# MGUA,1S#_A8 \8)^D!!6)%\2.8U@4FK0LVN(ZL1V$$_K M$:^DC\=@^##+86W M"R"^X4/LX0V?D#5PP!8BEI((< 3G -%7$/J>]T#?-H#-X*8QB]B*3L!"Y'$7 MXBJ?'DNA#../FDM,E^3%=08G&B^5Z]&O'ZCRO'5]52;P"S&S4H+*'4\5:SEA M:TD>9_6>T1DU/7C1-%MKA\>JVD7=^ M6@$_L7=-RT,KQ-C(P25QM7PER(;SWP?'8$K.=@8O6^1VDE,LWBHXM55WZF?S17JO*Y_ R>:,JEP6H M@,QP-]:7*FO),WWD[_\'4$L#!!0 ( -EAK5"T>;N6R1T (;6 0 5 M8W!H8RTR,#(P,#,S,5]D968N>&UL[5U;<]LXLGX_5><_\'BK3LT^.);LV(ES M9G9+ENA$M;JMI"0[3U,T"5G<4("&%U_VUQ^ %"51!, [V7)4E7)LJ0%T]]>X M=*,!_/KWEY6E/"';,0G^[:S]KG6F(*P3P\2/OYUYSKGFZ*9Y]O>__?=__?H_ MY^?_NIL.%(/HW@IA5]%MI+G(4)Y-=ZG,R7JM866(;-NT+.7.-HU'I"BW[V[> MM=ZUVS?*^?FFDCO-H84(5OS:+M^UM]]T-Q42_$FYOFA?75RV+EM*N_VI=?NI M_5'I#+>40\KAPDPFM4S\XX&VIU QL?/;V=)UUY\N+IZ?G]^]/-C6.V(_TI*M MJXN0\"R@_/3BF!'JYZN0MGWQK^%@IB_12CLWL>-J6-^58M7PRK5O;V\O_&^W MI+1YP]W2[G-S?1%\24D=\Y/C-S4@NN;Z&"6*H @IV%_G(=DY^^B\?7E^U7[W MXAAG5%V*\JM-+#1%"\7G]9/[ND:_G3GF:FTQ&?W/EC9:1-E>:,Z#WPBUET=- M6]/&VK<7R'(=]@FKT3EG'YVWVIO&_H*0L3I3V%=?I_UM;;&*&,$%H[U07UR$ M'?/!0BJFUF?[RAB8CNN<*1?96-?72_V_;K6[!_O=+(*9,C70HV"S5RB_U@2 MRZ!#@?JG9[JO50G(:ZFPH#W3T2WB>#8:T\'LR43/'6S,O-5*LU]ID^8CIL,% MX[VCZ\3#+AW>)I0YW43.2+.9PI]0#[F::64$MM2&2U2#KV5_I.V2U9H"XMM4 M6;*FK;U$@4;([=.):84FR)XM-1NQECTWZ"IER96QD1+%^XPP[?<6G0$-T^T\ MVLCO+F7)E;;V,OMA,([AQQEZ]'L^FS(-ST+;(6[W5=&>EZ>I*D6=(IU@W;1, MWW#&BREZ0MA#IN+9=L.<_^IM/XEFBBO98Q3I77?HE* MF2+-4AVV/NO1T<,B:]9204'E=9;*O,66EQ/-=E]I-T'FDT8]A*(X)=5:YC+- M>W#0GQY5C_K$$"YM@998[T8(S=8SNGR';F7HK3)_\MH7;TFKL'7O 9T;YHIY M;02?*9N&]D79UF)B]X*27FQH+K@55,CPMI5S@ZPT,R.W\=+UL(H6FF>YN7D- MBU?)K*^/\Q5:/2 [(Z/1HA4RJ5E6-M;\ AN&J!9-; :Q"/QCPP"C*AK3V!K[FE*&O.2<#I^7'+U((T6+CHG*N;*N@OW?'HYXZ MFJD]]MML/.CW.G/ZQVQ._QNJH_E,&=\KXXDZ[0-7[)/#N-7FXS^V[,[9U!"V8&D/R/+#IERBB^*,.K:[QR3]ZY!!^M$?$YL8 MGNZ.[1F+2.BH\V(Z!RR*R;9,[@RF8T?9I1TAK&[3)W(.Z<0VD/W;63NL;6&3 ME5A]&Q:(C'O/H;R0->-:LVK7N,-B/P$[3F\S%XC4SJ.M2/?Q"8JO^"3;.5 ] M3X)CUO\?-UT(,*LH=Y=+6'OE@)-#6BLA53D029 " Q$:, MG11C=XEL*2#R(K7B\KX@+G)1H/6:[1*.^ARH3W\]7(?*""O"Q7??4JX\8VSO M0W&X/CW0=^!G?M()]:A>7-7R22GB051W][U%J#?UVYEK>^6X")E!"G<-.@^. M:VNZ*X H3M;D%),-JCCOT'K*AL-[*ASUK'TFOYONLNLY+J&N?1_KEL>23@6$$.:, M],H5"%&YEOU%W<[A#/GDZ5E("F%H2*]IH1C0!N^!]D!LNOS>;!+R1Y4DXB9= MCDS8) E2>4\X\$/IK[ZE=(GCCA)WBC2E:L7@NFC_2",1M*[20VL;Z4': MBJ"#1$EJA>2FA&X19;_Z:>& MZ^N:5$M"28&,7&M>OY0>&H0"P+-XG=I/=CH M&+2KNJ:S8US0!Y(*U8K6QQ)Z19) T%";V&1!O46? \IRZ%B&P3@Y>FD+UXKB M;0DHIA4,&IJ?J3X&Q''&F$V+XX4_3P8YDP((I27J]09;)0 G%0<:6MM5##6Q MC7!;847A$&F1>O$JXKZGDP<:8(Q19\>IJ$_%R>H%IHCK+Y8!&AA;<8+,=];K MDV*(^Y00W-",T<-]]J&A,2*81/G<6$Y"?#=%.0C.:CJD4@@##3=_ !;R+9N% M)(4@1)%3&V1L.I((!@V]K,!!P4PP0^7"[(C@V@W@X2:>B3W*]BYO.':6:VAB M7X0^RTU&_CHI6DMPC'B(W"6AWSQ1$C\966 M7( (:25;N"N52TPK9(*M>DW M=PA3O$03MI :0F M"]H<$: ALSV2+5G<'M! ")BE7"Q%&8>F>U6S,1T!G/ T M_)WFF+H P$MA+!7.BP$ D#'I&=:GHL.M^ 3J4&$M?(!LY4!&C3?D?FXI)QU M@CVZD<>4,%[X3#MCSV5W!;'D)%DWRE@'B&A7.A@S2G8DX&Z,,29%-GC%M8"( MFA4"6"P;-(B[9+4BV+_;IF<^F0;"QF[00;I%_Q.-L^F*U@MFH72]= (E(_CK M1?3@:;V'47EW3>UK6W@H]2K?H=39?-S]QY?QH*=.9__[EQ=F9_^GJ/_\VI__ M_C.=4LW/: 2NW6)8 8AY^AJRC+'<(XUI2@ AL8#QKB'*Q-H&S[UM>EJ_(/+*(_A*">/>VB!A+31H*;C/84B!$<0T/%MI>\X M'C)ZGLTN4D240^.;9GG!%<9CGSU'?:$^G>D(HSLYZCF>U*H#(Z M,HEUG*@&!EP(UK"*X\G=R"87-& [QK^]31[0G @<49_WA\/W!::(KO<G0^B,DA]6_SU%8O\(6.$^:6$1KT[#H%TY4<8M@GJ!>@ M0D&F?;:;20OSI1?MBS\5?EEP\5?&\D5 MW+Z9)SBT)49O/I[K[$G1-U7248]C["!R4L4P+-'N;3PHDHUYL7V(0 &71%X0!Y!13')KRIXW2WDD@UA-UX:),)Z0'2\M MR*>7&>'!^P>R^G.1I2^1C=<(?R&> MS;UO.$8"(J6IZ[HVUV-->$W0<4(#(%BY#Q8$X];U>X<-'1;>3,R5WXK#P_O5=* M#B)?-S\N4MFJ?XS!PX;3\]"V;)? M6]-OA$>[LE4!(F&U$+C9Y*W^G3'MU>?Y.VW%1;B/U1<=.72T9J9WIUD:UE%G MQ?8@>6-FEM(@DE3SCZ-91&UZ4]E/+K@[3(3.N7-\&=\Y]N^,.;_K!%?+#"?J M:-:9]\E5_29R"Y18#97$I@C> MGN,@E,^@K?T3U>(\B/1E0832*P8PHTHJ=^;\]MGUI3;2:9G]4_+^@=LPK.!_ M_IEJP95 7: R$#'^.K OH*/J0]!>]]!3'LKT4$_D+9)++C=)_8M@.SKF.5$ M% G!K-.H,NKM7+9;EQ^;]__2JI?+?$,:'U)%K;R54.<'WS>=V\PQD%#!!YP" MF&'#24424(V2-#!<)V;#5!!/C0H-""AI& MH")-G9#QE XH]YE WR/$^'P3E MC_ZB/#SZ8T#PXQS9JS[6:;;$OD!P*7M]-=SE%5O#,Y-)$(^VG<%\BK6_\&_ M,+1=M@G*VSJ*[=-\]EF-PD".>;'+:.-B/AR*J;ZLS>#U\D VF=V54_]1;-?F MM[5RE/1F[,O_\0TY[%*I*7O^E#V2R9QE[5&8[5I-6T>QP&9M5#/;T90PN.>?2Q0Q>C_HK7?QIDOM3P)C=K1();_"4N9]LUM-<=*^9MO0A&1"L@3BT>:Q6GT*_ MX#K$+E&2[/Z>?,[?;%8D)[;A"F MS'F^\"I^OG"DSI7^J#L>JLI$G2JS+YVIZA\T_#KWSQGNWT&K-'W2\%@>K.]@ MUS1,RV-*FR'=HW9D(D=]86^F(>.>6O4>F.-%^*9KB/3=*[\"V0G"*EL$=!Z1 M:P&10X55*@+ :,YG+S'M([D8D+R;&KI.LKD 2^RI"//H-N+53>O#9?-[ID#M M@*LK *;QQHX!IK7T.H[TG1Y'Y[+]%A]'+SC8<"]M*;EN$)N4Z9Z/+$=@<&YT M[AW^30PA.)/8W^QR'002P@>4)[:IYPX?EIJ@[5T1SF=4/$=ED"<@\] MR$,"TB+-WRH._]+]%-<#B; X7;5_NFK_='G[F[B\?8!I8"XR4Q<&?NB[-KX['*LON;@3=_C*DQO30MZ-MF@.8G[ MW*< #XB;E0N0A;)M40F;A.,G!0Q-T9KB3#GLXP6Q5[Z73#WCX,N4[E/ZFAJ- MM=YY#K54QPFAD#A8"65 ^EI9\>2&;/GR AA#-PS)[[Z,T@#QOU+97P2,J!C' MJ/SHQMC-3?O]!SB;B,4 X8I6Q8T"7XCMH"E=TN!'\>4!'"((WBW78+;7!'"8 MKN&=)-L(G@Z2W,00HP&Q2I;J,LXSM-7O/2%&!QMW* B=2P,$ EH0ZV$1# F\ M5_)L;O!^#^-'\F)NG C$>1^I.7.8AF;/,^_!2;&"/*0">3M@H37CH82PL)$O M5N)T4%:+?.L2*![2&C&OZF&O%7/ 4=L*L<]B(9NVQ?, CPK$&E%D,-O)@,RNY[AD12<\P63"(P)Y"V'>B80G8$. L-SR\2+"D' 8D] "F$;$IA6J7<+_ M,6L?["Q2 )'RIQ"!9Z&^T)4WK6[+IMB]$)(V/2$D6M'6SQ"* "[T)!Y:!TDI M/ZF*-I@ E$$T03I0^GGG6+.$IN@)80^),-Y]#6C?(C.B.RF@=3___H<1P21< M/@9'\>5W)R05 K2WD1FJ)-F@ =A#:QOIIB^8 *XH": -D\S@1"6!!D5@*0/B M.,'9+TQ%\ZAT&]>,.G-WB,J) KJY]H*%!<@72L' M(.X]RVE(M2H*IIU2H3:#VAW"%$%1&J>0&L2E8H7PYP@%#:N.XR!A=P^_!''1 M54XD0AG Y=A.$5T\L[3LS?'=< V7-<'V*DV";;0Q9;Q0PN8:3JX5:(&-=Z&B MYF07IT2&++\V;V6G3;#,2;3%<#OM@_UD^V"G'98".RS0U@S[.0:J9:Y,[(LG M12BA3)/!EZPX)8@" *##M=)F<-Z.V73U1$7,&OY,K 5.)#2EP-$06KX)[107 M;2 NF@O?]"'2ACV!P'F,!0BR.@;O\SD&08M*T'SXE\\ ,%=AJ\>)3:AO'89) MBKL->2H^N1"%78C\>)[1!'YT%$5EKWQ):/UM'!.KNG M45)KD#R24A4H\USRS*/'ZL6=_+BJ_#A_-"ZX#Y10!QR? M*Y6P,D\JW=QUK+X3O-2OE!Y'9ERAY(!UR2;K^PD-*0GRA2EX]?R'^-7SW?%F MC?]-58:=Z3]4?[4/^@;Z+K&H 9* J_T7!ZC_-J(X"[Z>T]\<3?==P707+Y;7 M4%VK3^I$&Y[NCNT9LI],'0D\ SX9'+^@.JS#A2M? PWY#!MFF$P;=L1.@X06 M@-<@L[\#U?,D + (VG"W8\X_@R-=I,J+-.T^)!K7_N0G%Z7R2P0GFFT./==# MEO@\;)RF:2\@E88%O#<6I?#8^H.N/=Q7=HY7&$'BD4&\::VJ>8*O@890HXM: MS]:7FH.V"\%#_H3S1H:R .81F7V&T&20Z"WC%;VSX/;F\JH%XQZ&4C'D2EG% M%#1;:C^HXX6&!GK6?E OC>"92;R7+EFM/"QZ&"=;T::7!)GM\EMH@):B/?(53'3):@! )AQ036^;-*5>N9:@%Q:*C7E2/ JJX _ M*[0@9\VJX2Y_$BWI)<#D,>N[Z2XG;')B474^M=0\RFT"PO6N.;M-Y$W"4I4" MV) RS(U)&USE-M'<_E<5JN+?&U7>@J7^S3-1G,JS':3BI8;U0)2)9AH]TT:Z M:]&>XK^_03^_>YTO3=OP^P\WE)6G&@B;;%493WZM0#OVNGI_FE!]RIAHZ(KL(G:2G+[492' 644?$$8_Q:JH M/!LSYM]28;9.-)7NAQC0U$4A1[-+P3.U)J %K$Y[::>]M#KVTL8/EOGH1P#W M=W0FR-ZZ.ST/]?&(LC5_1M83&E(>EX''\7CX=QMO)O>0,LASHJ1W>*=&0^L8F% M[<86',4+5-:D=Y#;S+>@%A <#L*R@3I')4W.S#4B6N-(O)L;OF)CCX\Y^:;1 MMCTG]#,[CD,V>[-.D$R!C#Y.]D_E4W1EC;[E_?*Z=-CT#OP4:9;JN)J+>N@) M663M=Y!,N^H?XU<<3-7.0%%G\\Y<57KJ-W4PG@2[Z8UND3,I??ADV]L'1-GC M $[(J8/T=X_DB<)G!DS27PYYHQ_],4"/% -,]?G*V8+A4@#:B^8JE?4@+N.% MHRR9M1NTSMT@CG_=\'Z&Q!I"C4;Y!:W.R-F'#^WVY+0NHRZR=6R3)^) MC%<<_$Z5V;.+LO*O?8U_BI D;ZM8=8"2&81S:G$I&T):Q)0P<2NI (!LK3*L M-P0U2=Q:!L$,(R"$Z22]78D'1%"C8=CM9SK"S+\4#7-\.D GY^7C%Y_]QJ:@ M@(FOV%DCW5R8R!".21):",.1S'QVDX=0A&,&X&"9?G/YL=V\JU$<%*Y8 +R/ MD.&)I&L 82L#3';$9T?3!]'>X&O MC;3Q8J!A0P#./@&$?(AT\.QS#2V#BK\0'S]C9#M+]T@L!6%',%VG2!2E^JZ@O5 F;)_5>Q-K6 ]>:PJWKS4==5;LV!&W M@Z0O7"LF-_F[37J)*H>FH^MTU6"$CU2-<0)SW#$L1R6U0O4A-U0Y)(,V_DUL MHB-D!(]':"R&QQ8T7Y!E+"B?VTE2, ZF+ETKH!^+C(>I16H^8<%BCWOX23U[ M)I8I9:'=XJ4L##ISM:=,.M/Y[_2OKMK_UKD;J#,HY_KW!=]/7[E[C7R3ZNA^ MIKJ:NA-/>G%!S <[S/%C?[)"($<0LUNLB+ +W- M4 "8:/#R\N:J];'YF&Q58'&%!8#?4>:))!M?(QDCYO[6X8!H>(R1=,M45@"" M?D7&L;]=*I.ATF69EKG"/46H3K&15HN^,I?H,FRJNZUE6F]?B$6NPTU(:V* M2PMA>9#*V**I55Q9H,U8$YL:XI2*EO#$W $5A,5#:DB$4@#0OT"(6'@RW3@V M@)#8D%8D_A43F=87QYH-,2+N_E;;GF1F;/\D91G /5**?()8T,;+GH?F),ID M-]@EW9RQE.X9IRX-(:$B#YJI!02'*WIP^]BA0P(;*L+=/#99^%M&1F*V3)8* M("1OY$(W@XRP 9XC>Y4*R( 00BI'<< "6: !T[$L\LQ.A=\3NT>\!W?A61U= M9]D->_."*&LP96$(>1]Y $PK'S10]V7E);9)Z"#D?>2!BB,*-%18])3=!3% MFI-Y_9FV,(0TCSSXI94/&JCB2?E.8D@K5BV.)0:$DP9K.OIMY#P[ZTV.GFY_8548C=JTV&SBRY=^U MX_EWLZ]W,_6?7]DM0>HW^G.F_+*MO.FW=:)"2U/LN*2G$\19\^ D&C^=(_[9 MSA'G2)H]G4]M%H"#_DO;DR2$"*D!)8,D#$B)HL $19HX(*$'DM^18&8)P$ : ML,J")IKF\+Y]=7T))Y^C#+BX L)#4#[K\&DAY'PD&J($)+CS3\SED@,R@)!2 MD"2"K+<<=Z; \=V;D $JR+46@ 7!ZY-JJQ$<2NWNZA]T]/3TSW?_Y?SYO-^@% MYT62I7_^XL-7[[] .%UF<9(^__F+?7$6%+__-?__!__^?^=G?WU_.$& MQ=ERO\5IB98YCDH+4G2+\SS9;-!YGL3/&*'OOOK35^^_^O#A M3^CLK")R'A4$*4L1H_;-5Q^:3RXJ@EGZ/?KCUQ^^_?J;]]^\1Q\^?/_^N^\_ M_#N:WC:0MX3#56(&W23IKT]D/$3$3(L_?[$NR]WW7W_]Z=.GKSX_Y9NOLOR9 M8+[_]NL:\ L.^?WG(FE!?_JVAOWP]5]O;QZ7:[R-SI*T**-T><"B9&1X'[[[ M[KNOV:<$M$B^+QC^3;:,2C;Q1KZ0$H+^=E:#G=$_G7WXYNS;#U]]+N(OR!P@ M])]YML$/>(48 ]^7KSO\YR^*9+O;4,;9W]8Y7LFYV.3YUQ3_ZQ27E/IWE/J' M/U'JOR-_NHF>\.8+1"$^/EPK!?FNH5$A?#TJ9\]4;;K=?-QQ1 MD&G>9BO*ES4)\J-!R@KBZV5&S&)7GFWX1'+T59YMI0Q4PV62#_^^>=H<<]AB M+\=%ML^7V.EK$+E2S0L?F1@V@:#>$*=G'Q^_^*_+VOU-TQC-TC(I7]%UNLKR M+;/E_^3$G;_C^BM>1<43XY8XW^_?GOCR717,K9(GHZ MV$\EG0K([U>O9Y5^_W((;TJ@&[ZC"0T0^H6!_=\ OGOBI? U^;$P"28 NM MAV6I'C10<+IPQ().'R@H8K"]E<+9Z=>.:4'H2GQ;^V/_+E_&7NWQQ<^\.OSN MP&I_3V&\?9E3,F1,A[W:1,\2QH\^]_]U2AFLO\_6AUZ_4,G(G6^T@4$4R+M] MWN,\R>)9&E\2=Z'1R2,X.(N5,GQLNBT@$!N6<* V9@Y,XK<847#O2G"5%,MH M\S<KM1823A$43!^KPA$8B#)(>5"K P='%!XQ!""%X&IIIQ(M6&BE MD# N5PL!$% Q.EP85:-R&'Z5@V\O'_!S0K>D:7D7;64KAAS,OTKHV*VU00;C M51'4#'1TH-K='V 1!?;\[5\0)=Y:S]2!HQH4(,%G8+O)]2G@_*;]M$QT=*(";P4- MW@-)KIA7R0;G%V3%@ELN; 0Y6CMT&! +"1&=I2K"L-$#'6" M.#(2L'TK%?=K#WB7Y249GN8SI?L0/3B8(FG9/U(A*2R$\F@84:I-M?XT2(AC M>5:7Z[3$])PL><%DY8LJKI22JL"AU$7/?EM=Y+ ZJ)C1*4N @X-4:):?SRK MR^,:;S;$X^VB5!VIM(&@5$/&:ELA1 @ ->@.K_KR&22J0'U_X]MHLSG?%TF* M"_4R<@0%]IW+F#WZTD40B&^].[[R:Z>@J(;U_+W/MCA_)LO2#WGVJ5R;3%X! M#:4'6N;;^B %!= +#1\J_:A1$,<9ZB!&O, P7UTE:90NDVASGQ4)O5*CN,CD MA@I\R<%"+.FU!PT>W$4((U/=E,G\[G)V]SB[1.2GQ_G-]>5T07XYG]Y,[RYF MZ/''V6SQ"*=]TZ+ 96'0LV,@&(V2LRKJ3AO"NY;(AN\>P3\^DB\ M/A79CO>+CP\/L[L%@M;KBZA83].8_C/[YSYYB3:$]V):7D1Y_DHBDY^BS5YU MB=42%T;OG003[< *T;M=.'#5U36"Q*Y)LQ\$=#0M44T ,0HPAC-8N(@(MZ0_ MX ,ZG$T]8&+ZR;+$\1#K/9YA]," MZ[VE A;FN]4- M(X9QFH"(#F2=,QS K6\]O2-ZXI ,EX%#:J^:_:XB=V&!=%K%2$=A;N9W/YPM M9@^WX.GE2[RC)Y/%L0 *.=7@,,IB8E]4%A6L=V71,])]856!AY(O-2J)&CR$ M#*A>252PP#E-HY((R4L*/T$'#)A$0G_^V3G!&=IDZ3//NK';NY 58Z1AJ]$, MC%@!;1GT1F% "6,;852Q:D/!T-"#D*N"-I5^XBRNKX+8%EWN\151L >\H07! M[B-BJ]@BD#!A <43=L*TP@H]BO_HPH:?;I"QQXA.!:KP4(4(;QW]Y*G%V!'X MUR#L9+[#>41?H=S@J, /R?.ZG*\^%IA%@0K9#3@P-F(EB&@A6@3O]F'!34>; M&AS$D":(H9UEJS."B!@FC'$,$V9#D5!>R[(GOYPPU?*"\Z?LA.+ F3:]:E"^ MWN)RG<7F,WLE-(PY&Y@7#5D!ZMV$M7QTK_(S:,3!T;7Z"-^/R?9B_G#Q /(( M+2.F5K[>$P;+:1I3UG:4)?7AJ1X%ZD#-+$;[7$T-#W"\9F)& T:">^@EJX>HMP0WB?H:9]LZ*OO@HF"#Z*D75%\9]VUZ6'8C+HZ?PZ4+==> M&A]7)SMEM=W9>L3/O)HQ^%F4*A\P7TQO%.<)ON(W/8/\E"Q+BVR3Q&QW!GU4 M=I-$3\DFH3M*XH%8?8EUMHF)Z^+KKN'HS!X=QO!=Q1-=@RVN=^?AQEAW#;F> MGE_?7"^N9X]H>G>)'A?SB[_\.+^YG#T\_MOO/E-%^0\T^^^/UXN_!:&7=B^: M= C@NF?QMDD-#:E?=B^%!(1PGCHY2U&_=Q+L _Z*\WWT2I-V=I>;CX%AKS7+ M69==:&Y#@EUEEK&AONN[X]!]5&2Y6R_/:!N:]]]67SO]"^4CW^-84-PFLU/% M7HJ[5\[8?A6CIW!44QQ13Z(Z=10@A MLX]QA1,HH$,"MJ:A*C5TVK5B' DOHIS=.4C2#$646+0!C.AGV]TF>\6X.O_I M+H.JK)P9#R@]:RM0*U%K0O*?LK7C2&D_GZ)GS!,^9.4AHVWXQ6# 8^_D)8EQ M&MO%*$IHH&-N/?.MXVTYJ/]C;1T?W>/L&AI5X!,8%]N/>_9D.JY03A=JU1E8 M=O-$LS8AP6>_W(>UDQUO7>% MRON]ULB39@OP"KP6#1#M$J\P^3Q&.7[!:;<:R; U24Q#++(?,R('L='-S'24J$*IK_V>.H23-EO<] _'Y'O)$Y#1]^)?8O:'L\& #-_ZH"FLA&G7'=&B )0?L>!'G?I-A'TUT&'JZ00 3@@8G\T;L0)*"^B?S1M0PD@. M&)^9J_,#T,_FA\G3B:R;BJX^MA(6+TWZB7?35RSP#(+1,UC@!95'T'L'(U(H MV02CRND2"M ^8KA,P?N)OB*^ 4\AW1JX;"."VI)9;\7"V(+9O 4ZM7D[Y!_, MU:18"N)0O;K M_-!7?-C[>\6+7C]AUB#6@WF3?)%MMUG*9-'VG.N 0=U&E;/;OGG:A@&X92IC M0'*CE(*A@L)-T/_ZZOT'6M>.W[B;H _O)^_?L_^C8AWE])G,OEQG>?(O'$_0 M'R;OO_W?DS]]^".[94=^^^;#Y'^__V:"". .LV[W&[(5J3"3HMA7%_*R?5F4 MY =)92T_9N-ER M_'<9)2F.9U&>TKI+T^5RO]VS=WR7>)4L$W4A<#,B5$EP6Y':Q<%-6 !EPNU8 MDA1(Y8@(5Y@AA=76@50X8;1=^!Q V*Q- !0"^.]9;;6RT[1K%)YYZ[=9JKWQ M9,W\.7]K<$).'\LHUQ8/"X)7XW;[!.H03K4N.-**XU*5*[AJ7.:\ M$PNH'UN*QE%/\_3')2/E(E$G3=6I+J9*0GC<,=3=.*^R_#+;/Y6K_:;;\--0 M;YP_TB2#.1.BQ@1/LYF$4F3>5&B0R3@]3X845)-]"D+5&-_%M$EZF87O8H"K MEDH(A4H=@T.JDIP7@PIU4I4!J=(U2X/:"EY#!Z)";>:UZL-!X55'Y,-.;7BB M.B"5F1_2Y;92MU "41Z)&%H-$N#AU:C#C)TN!7'2P2]ZL_5X:WZ&HH2&[+>G M9+[;9Z\#"M1?3\%'5V_F=Y>SN\?9)2(_/M$%A% .%1=J#9FV-(3C>"Z>/HC_R(;_ 06RR)XTN=V7>[RYQ=LGG!_Q MKH !*(.E8K2I?'4, %/L2LY%]_O%.3THI9?=RZRN>\9;95(*9YP$>L(EO67N MN5R5K0P$#%6,_L(A/5N6*[=G6P8WHOGP"M4/_/M36Y 4#,"(-.PV=B2!@3$E M)2-VUE2@9YS29QHX1D^OM/\WK25>E7GP7P/.7IJJZGD%"FE:+CPWY=I!6PG2 M1?.PQL[+-9Z)N/L!/3S1#\^-ZX Q@.?YL\\[G!9&#ZZ!!WZ.KQ) ^@S_&!CN^;V< M$XV7G_WUGF:G^WEY52YF3Y2_XD2ZTVU]#I&#D3!XR+\('P+E7CH<=&--"H(P MA_&<50F!.T,J92"+ W3_-DE3(D\9G><8TVN15_OT^#J #A# &K0L-V8AA8*Q M#PTKG>^Y@44U\.\1!?=K,Z?@>("2LNW=(=]8+QHRSI6@ (IJ8+M1504NM!P]2 M2/_/'#1L=)_O1QNB*-7+AB>#DGFZ$\>L;D1Z:>%UE1 MSE=D<+F?L\$"<'GVPC3>SXP"XPAM^>J^'5ECM"10],HZTR]Z.%*=B0C;7K[W MI[UU"D*,5< G(U9:QL?D.I!8K(4LLU*ON%>UZ*C>8KQ/ ! MXNW>0C'&9=^4\$45,J%\UN?=Y7B9R-1:#@)5>;?+9KO,[N%S@)JZQX-+ZL\> M0*#JYCHQR30TVM(R=_^20^=VY*4K4>'L_JF^]N^2,@FS_?BXRKC(;5<(: & V"5 M<>5>R:N_Q>,VRG_%E&6R)$YCLK2527$00.&(3$@P"XR=*.*2H\?PO@C9L",I M.-, ,H>_K8G K%'CRC D_3G:39<5<8.LH@\1J3X)JR^*ZNW$%AGL]HN#:$?W M8"PP(6[$6+,ENQO3(#,E;,YHFTO!LQ,>%UB\K1Y7O&6%3H* HJ( 9V4_1$EZ MDQ7%/*5[L?F*;<[HP7*I*ARKQ8"Q)PLA1"/2@'NW'",O'7VB& 5Z1Y%P\24B MNPVVBZ;A(]_QH+("X=#.^X^\MSA$B5I MB0E/)7I7!?9?5BTI@9J ]9'CNI:!<\Z:8P6X"+HZM> 6/:?%+IQ%3J7]_NS8 M-@#L8\#<*5U+;=9W420:L=9/;))T3Z28-V>QYWB5Y;CIDHN+VR3-\J1\K:V7 M;.3:5'B%VUM1N02@OPP,5F?(H6\>6J[U< MM;,[GUW-'V;U;XOI7\E?[F97UXLF&C]5J*&M*P\_38_XF7Z,WFWH/KUNG_W$ M1O70#=SDP>$G2*5 W59UOG9M\'/",X#$PQ;9)HG9G59[Q?&]B)()J%;]+J8[ M^FZ EN@E:^QVM^>W?@O 2B9U [*Z5/XY95DQ-0I8&+O4,B[:IQ30NYUJN)"T MFJ)J4S=XJP/X1G5@\HW. D 9\("95DXQG#U>ESJCU8_!?DT#54007Q$Y#30/H8N$0LS*,=AV*G&F M$I3%F82UL#D5B5"L3L^?UT6LK^4YBM"QO7JMXP1@-NDG_79 >AE=)B])C-/X M$'#@Y8;\8]$+2X,*WMO(*):BQY$2#[+7D8$I5<^C1][SJ,&>((+/S8?\M2(! MXR*&"!<5:Q372"BNH$.(?)O>0B3,Z'38-5Q=M<2%:@SO(%B[5[P%(D#[>&NN M^O6%$ALD_]OO/E-U^0_P/LF-U%Q.8H*[+*6'G9+N498XP-JH$T2JA3($..U3 M<]/1.@Z*#K!C=YMRS\2UF9=VG3+ F7A=(RWH+/O3X&D<)R4K;G ?)?%U>A'M M$K+!U6JS 0=&LZT$$;5C\+K#>9+%LU1[T].6Z?.(_+K$=>_T$S),-L:Y M]M7 2"S[3+F00/"Z*/8XOMSGA.%[)NA/T6:/V6?S';OA-ON,\V52*)/N/>A MI69Z"MQ.US@2 4CA].*PZQ#81H$30IP2XJ0FB!&;5'N)BAYJ",*L@&/)77]. MRTD53,",(XY8C%?!*_G#E#N=_S):>H#CT<:IJ#PV/P[ M&'U]L41A\T(C/#[2B=V!S /^ORERJ'Q\\GE2^M% 0I\'O",SNHZ(!*S-2)GD MDI5#M]C84@ ,=]R$[ 0Z=N@P(8X+;PHC%DBPIQX5$6FT _7H;;BLO'@"?[J2 M,U3VC#1T\^.>:-"LU"1"-L"VF.X6R/$#-4&1N6$V>(J+=6,;H59:A17"+X;3 M^!_[ZF7Y(E,DT)ED3U1R>@B*TX)%J _XG_ND2$I<%;3FL_" E]ESRJCH5M#3 M#PMU'.1G.MLG2J<=$^!0RH= DJ.@9EC:#^SXF.MP,E3YHS,V/!+'GZ"&@[H, M?;T[$)B >L #-*_,?5:3M12( G;@JN]H*B9*^!RH]]8Q@ZW&6_6'_KMNM4>6 MW!ZO/H=:J6T9I%7CRSQYVL/JH2YI.=ON-MDKKHM$W!,Y>J0^I53"2\!KA+5- MOTM(!)5\5_+7)_5>$T,5-43)02TKXTC]A_9)+O,*T!2*# MF7Z*78NAW'==R\2\]8E^MKZ/W M02Y&32(<'V,2T^ZD/' OHV>R6Q*,/91F?H:?WZK\B-$#A>%H',4WGF=/ O'47F<$-O+TEZXBM/0SO0RTH([<5WCGGT"45BJ';\3DL R'1 M^Q/5I^EY0;?O)#@:._RJ3ALZ)Z6F:+(( -=@O,WB<1-Q_BE(HW!Q:&E=WU9W MPXEPW?(^R^D6 DU+?N03/6TP#>+OR(S0IMK99I.P_CB\$#^,>5B)*&];!5)% MAM:ZN=IDGPK[XC$2%/":,4HQ%*5B.O"0%6(4S/0K#',Q??P17=W,?X9LKHE+ M*A.Q!7I,&Y^_?F07CYNFH=-EF;PD98)-6M>'$%B5^IXB'Y6R=Z0"4>^^%XN: M?K8'%, Z[*U+-?1&3+I,-KA5C'Z1C:/5IQDJ@(MR(T^;\G+<2./ 7H@;50C3 M);B\'HPVG&QZ"&7LMR4M=[>K1D1/K^C0:S *P3*%9RQT"Z!O4:D"!MPD*UGO M[($[D#!;7 4;BAULEJ./:5)6+Z78+JWN6P^X0W6207*IL6[5 YI1&RH$8.TV M,1$P_Y22[VR=[)@DC_-[\4JJWIQ[T &J^=97X%8].%.P^ZRPG>-I M*''W\8X2(WM_D=Y)?8I-UX21)!=M%=>SP"[B();% +_,2F*1'!/V+C'_]SJM M#^6$KH>*2;+$!6O[9R_841- ,R)$2T!;KB1MR#D.JI%I\:_F?+C*P"W&[TWJ MU"6PMW2-("'URARC573039Y[MV<.L[&R8RM;,6F-Z#2AJMXHIX $$K"--_O) M1[&X6)B+E30H(:U4S3ZY>@5E2,2X$ AES3*)J%^X5-@!K%YZUKK)\#7YC1X= MIF*^HBAP6; 7R)LD>DHV\MR%GWTHJ(B05CA=+ED?S@>\Q,D+/::SGB$9:BB6 MIQ9+;W-=O "L3<64.E0D6AA52#2=6&&%$Q^>2B+0]8R6&[C8DV V+:?,\.U] MC00U%$M2BV58O3IX 5B2BBF[31 ES)^LD8 MBS**F0]A;?MZ%[WV7>,4+W$T4>X-_?V!MK.;KSX66+J ]:0!\!:GKZ#-8QQ7 M C"OMC1;-BG.:5[EJW.]N07ODYX?H@SDN3=99Y( M>UC@&2G$:-'9(=1.LN9;/<4926)14(NOU:/SN3GLD/O(WT(/T.5(Q+/V-@)N MF(ZFP^!P'R,D3 +S+69AK=R*0,9W.#.2F#I?LE%+%T*ZZY['5LX)BP8OE&V# M0B"[+%>%%,!60^XA7ZSDQ4 G%K*R$U1N9ED0 )F?!GUU:K":$*"54DVK6M]=0S+&/ MP.(2USQ=S_$+3KOUJ4>-C2^B/+Z(BB3-B!?)]]'&,BB6X041#:L%TH3!7:10 MXE\59VJ3B055HMB(HU.?S_"A@]PW(I'F^M]0P5I1A9MHH]H^8Q/'/T?/N)BF M,0D?Z'M)V5V^/@2"\ 86(FK<@@8[%/]@9-$V.QQQ0N@3I<2N$NPX+9XP!M\; M#Q!47%PK,NCG1LR*TBFN-O9V)>["BC(:OLJ0@OW[G&[HRU3#\2H:SP9C'U:[P:/Z!5WL1D1_T6:RS-@0O%[W*\H_4SR&]5&3RBJ?3O MT?-SSK*Z*&K2Z<NZR %.9IQ9&6UT\<(H$V#UYCXX ^7O1$8HX*(E%)3!6HAL8;@:*J$8L)%% MR1)38811P(6LCNP%TU665\\KKK?4PK#N?9T)":B FY4HK:)N6@S_A=XLV)&4 M+.&=K%C!DJ=]LJ%5WWA.@SXZV\D>FYWZ5L-X I%/XLE!K(E>K@&[0[);9<$? M)7N5I%&Z)./--LES0F) C4FX(@/L")U%:_:"UI@PNT!']KK[O^@SW_]1(+2J M*2!%#^!E&SD-<&:N..//51;;=9BDK-*9: M7,UX8*7K[00ZJFBO1X(H=&_#D2%V280>1TN&RSL
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htm IDEA: XBRL DOCUMENT v3.20.1

COMMITMENTS AND CONTINGENCIES
3 Months Ended

Mar. 31, 2020

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

6. COMMITMENTS AND CONTINGENCIES

In accordance with an Earn Out Promissory Note given to the prior owner of the Racetrack as part of the consideration paid by the Company to acquire the Racetrack in 1994, if (i) off-track betting becomes legally permissible in the State of Minnesota and (ii) the Company begins to conduct off-track betting with respect to or in connection with its operations, the Company will be required to pay to the IMR Fund, L.P. the greater of (a) $700,000 per Operating Year, as defined, or (b) 20% of the Net Pretax Profit, as defined for each of five operating years. At this time, management believes that the likelihood that these two conditions will be met and that the Company would be required to pay these amounts is remote. At the date (if any) that these two conditions are met, the five minimum payments would be discounted back to their present value and the sum of those discounted payments would be capitalized as part of the purchase price in accordance with GAAP. The purchase price will be further increased if payments become due under the “20% of Net Pretax Profit” calculation. The first payment would be due 90 days after the end of the third Operating Year in which off-track betting is conducted by the Company. Remaining payments would be made within 90 days of the end of each of the next four Operating Years.

The Company entered into a Cooperative Marketing Agreement (the “CMA”) with the Shakopee Mdewakanton Sioux Community (“SMSC”), which became effective March 4, 2012, was amended in the first quarter of each of 2015, 2016, 2017, and 2018, and will expire on December 31, 2022. The CMA contains certain covenants which, if breached, would trigger an obligation to repay a specified amount related to such covenant. At this time, management believes it unlikely that any breach of a covenant will occur, and that therefore the possibility that the Company will be required to pay the specified amount related to any covenant breach is remote.

The Company is periodically involved in various claims and legal actions arising in the normal course of business. Management believes that the resolution of any pending claims and legal actions at March 31, 2020 and as of the date of this report, will not have a material impact on the Company’s consolidated financial positions or results of operations.

In August 2018, the Company entered into a Contract for Private Redevelopment with the City of Shakopee in connection with a Tax Increment Financing District (“TIF District”). The Company is obligated to construct certain infrastructure improvements within the TIF District, and will be reimbursed by the City of Shakopee by future tax increment revenue generated from the developed property. The total amount of funding that Canterbury will be paid as reimbursement under the TIF program for these improvements is not guaranteed and will depend on future tax revenues generated from the developed property.

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for commitments and contingencies.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-URI http://asc.fasb.org/topic&trid=2127136

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.1

OPERATING SEGMENTS (Schedule of Operating Segments) (Details) - USD ($)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Dec. 31, 2019

Segment Reporting Information [Line Items]

Net revenues $ 10,949,000 $ 11,591,000

Net interest (expense) income (163,690) (63,240)

Depreciation 716,853 625,520

Segment (loss) income before income taxes 305,385 40,479

Segment tax expense (benefit) 50,164 (16,093)

Segment Assets 65,097,832 $ 65,413,082

External Customers [Member]

Segment Reporting Information [Line Items]

Net revenues 10,949,000 11,591,000

Reportable Segment [Member]

Segment Reporting Information [Line Items]

Net revenues 11,281,000 12,010,000

Net interest (expense) income 164,000 63,000

Depreciation 717,000 626,000

Segment (loss) income before income taxes (17,000) (176,000)

Segment tax expense (benefit) 50,000 (16,000)

Segment Assets 88,813,000 89,449,000

Intersegment [Member]

Segment Reporting Information [Line Items]

Net revenues 332,000 419,000

Horse Racing [Member] | External Customers [Member]

Segment Reporting Information [Line Items]

Net revenues 2,197,000 2,292,000

Horse Racing [Member] | Reportable Segment [Member]

Segment Reporting Information [Line Items]

Net interest (expense) income (9,000) 8,000

Depreciation 398,000 578,000

Segment (loss) income before income taxes (896,000) (1,176,000)

Segment tax expense (benefit) (94,000) (414,000)

Segment Assets 31,020,000 31,618,000

Horse Racing [Member] | Intersegment [Member]

Segment Reporting Information [Line Items]

Net revenues 70,000 116,000

Card Casino [Member] | External Customers [Member]

Segment Reporting Information [Line Items]

Net revenues 7,561,000 7,900,000

Card Casino [Member] | Reportable Segment [Member]

Segment Reporting Information [Line Items]

Depreciation 261,000 4,000

Segment (loss) income before income taxes 965,000 1,110,000

Segment tax expense (benefit) 158,000 441,000

Segment Assets 3,252,000 3,327,000

Food and beverage | External Customers [Member]

Segment Reporting Information [Line Items]

Net revenues 1,182,000 1,399,000

Food and beverage | Reportable Segment [Member]

Segment Reporting Information [Line Items]

Depreciation 58,000 44,000

Segment (loss) income before income taxes (160,000) (88,000)

Segment tax expense (benefit) (26,000) (35,000)

Segment Assets 25,239,000 25,430,000

Food and beverage | Intersegment [Member]

Segment Reporting Information [Line Items]

Net revenues 262,000 303,000

Development [Member] | External Customers [Member]

Segment Reporting Information [Line Items]

Net revenues 9,000

Development [Member] | Reportable Segment [Member]

Segment Reporting Information [Line Items]

Net interest (expense) income 173,000 55,000

Segment (loss) income before income taxes 74,000 (22,000)

Segment tax expense (benefit) 12,000 $ (8,000)

Segment Assets $ 29,302,000 $ 29,074,000

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of income (expense) related to nonoperating activities, classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- 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).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_Revenues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_SegmentReportingInformationLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_MajorCustomersAxis=cphc_ExternalCustomersMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsegmentsAxis=cphc_IntersegmentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementBusinessSegmentsAxis=cphc_HorseRacingMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementBusinessSegmentsAxis=cphc_CardCasinoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementBusinessSegmentsAxis=us-gaap_FoodAndBeverageMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementBusinessSegmentsAxis=cphc_DevelopmentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 43 R35.htm IDEA: XBRL DOCUMENT v3.20.1

COMMITMENTS AND CONTINGENCIES (Details)
3 Months Ended

Mar. 31, 2020

USD ($)

item

COMMITMENTS AND CONTINGENCIES [Abstract]

Off-track betting payment to the IMR Fund, L.P., per operating year | $ $ 700,000

Off-track betting payment to the IMR Fund, L.P. as percentage of net pretax profit 20.00%

Number of years defined by off-track betting agreement 5 years

Earn out note conditions 2

Minimum number of payments to IMR Fund, L.P. 5

Maximum term for first payment to be made to IMR Fund, L.P. 90 days

Maximum term for remaining payments to be made to the IMR Fund, L.P. 90 days

Remaining years, payments to the IMR Fund, L.P. 4 years

X

- Definition
Earn Out Note Number Of Conditions
+ References
No definition available.
+ Details

Name: cphc_EarnOutNoteNumberOfConditions

Namespace Prefix: cphc_

Data Type: xbrli:positiveIntegerItemType

Balance Type: na

Period Type: duration

X

- Definition
Maximum Term For First Payment.
+ References
No definition available.
+ Details

Name: cphc_MaximumTermForFirstPayment

Namespace Prefix: cphc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Maximum Term For Remaining Payments.
+ References
No definition available.
+ Details

Name: cphc_MaximumTermForRemainingPayments

Namespace Prefix: cphc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Minimum Number Of Payments Provided Conditions Are Met.
+ References
No definition available.
+ Details

Name: cphc_MinimumNumberOfPaymentsProvidedConditionsAreMet

Namespace Prefix: cphc_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of years defined by off-track betting agreement.
+ References
No definition available.
+ Details

Name: cphc_NumberOfYearsDefinedByOffTrackBettingAgreement

Namespace Prefix: cphc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Off-track betting payment per operating year
+ References
No definition available.
+ Details

Name: cphc_OffTrackBettingPaymentPerOperatingYear

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Off Track Betting Payment Per Operating Year Percentage Of Net Pretax Profit Payment.
+ References
No definition available.
+ Details

Name: cphc_OffTrackBettingPaymentPerOperatingYearPercentageOfNetPretaxProfitPayment

Namespace Prefix: cphc_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Remaining years payments to Fund.
+ References
No definition available.
+ Details

Name: cphc_RemainingYearsPaymentsToFund

Namespace Prefix: cphc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 44 R39.htm IDEA: XBRL DOCUMENT v3.20.1

LEASES (Narrative) (Details) - USD ($)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Income and Expenses, Lessee [Abstract]

Operating lease rent expense $ 80,680 $ 116,691

Capital lease obligation 90,273

Operating lease cost 2,031 2,127

Total lease cost 80,680 116,691

Amortization of finance lease $ 5,949 $ 5,949

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of amortization expense attributable to right-of-use asset from finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918638-209977

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971
+ Details

Name: us-gaap_FinanceLeaseRightOfUseAssetAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncomeAndExpensesLesseeAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980
+ Details

Name: us-gaap_OperatingLeaseCost

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of operating lease expense. Excludes sublease income.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 4
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918638-209977
+ Details

Name: us-gaap_OperatingLeaseExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 45 R28.htm IDEA: XBRL DOCUMENT v3.20.1

NET INCOME PER SHARE COMPUTATIONS (Details) - USD ($)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

NET INCOME PER SHARE COMPUTATIONS

Net income (numerator) amounts used for basic and diluted per share computations: $ 255,221 $ 56,572

Weighted average shares (denominator) of common stock outstanding:

Basic 4,659,579 4,559,477

Plus dilutive effect of stock options 3,096 53,768

Diluted 4,662,675 4,613,245

Net income per common share:

Basic $ 0.05 $ 0.01

Diluted $ 0.05 $ 0.01

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareBasicAndDilutedAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- 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.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- 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.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1505-109256
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- 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.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1448-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 46 R4.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

OPERATING REVENUES:

Operating revenues $ 10,948,959 $ 11,590,798

OPERATING EXPENSES:

Purse expense 1,103,394 1,395,538

Minnesota Breeders' Fund 189,744 217,695

Other pari-mutuel expenses 220,849 268,366

Salaries and benefits 5,577,893 5,745,287

Cost of food and beverage and other sales 564,151 625,757

Depreciation and amortization 716,853 625,520

Utilities 290,611 322,115

Advertising and marketing 183,988 190,329

Professional and contracted services 972,324 966,386

Loss on disposal of assets 113,437

Other operating expenses 987,457 1,143,129

Total Operating Expenses 10,807,264 11,613,559

INCOME (LOSS) FROM OPERATIONS 141,695 (22,761)

OTHER INCOME

Interest income, net 163,690 63,240

Net Other Income 163,690 63,240

INCOME BEFORE INCOME TAXES 305,385 40,479

INCOME TAX BENEFIT (EXPENSE) (50,164) 16,093

NET INCOME $ 255,221 $ 56,572

Basic earnings per share $ 0.05 $ 0.01

Diluted earnings per share $ 0.05 $ 0.01

Weighted Average Basic Shares Outstanding 4,659,579 4,559,477

Weighted Average Diluted Shares 4,662,675 4,613,245

Cash dividends declared per share $ 0.00 $ 0.07

Pari-mutuel

OPERATING REVENUES:

Operating revenues $ 1,296,026 $ 1,490,809

Card Casino

OPERATING REVENUES:

Operating revenues 7,561,172 7,899,964

Food and beverage

OPERATING REVENUES:

Operating revenues 1,118,995 1,352,801

Other

OPERATING REVENUES:

Operating revenues $ 972,766 $ 847,224

X

- Definition
The costs related to generating revenue from the sale of food and beverages and other revenues.
+ References
No definition available.
+ Details

Name: cphc_FoodAndBeverageAndOtherCostOfSales

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Minnesota Breeders' Fund
+ References
No definition available.
+ Details

Name: cphc_MinnesotaBreedersFund

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of utility expenses incurred in the operations of the business.
+ References
No definition available.
+ Details

Name: cphc_OperatingExpenseUtilities

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Other Pari-Mutuel Expenses
+ References
No definition available.
+ Details

Name: cphc_OtherPariMutuelExpenses

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Purse expense
+ References
No definition available.
+ Details

Name: cphc_PurseExpense

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Aggregate dividends declared during the period for each share of common stock outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_CommonStockDividendsPerShareDeclared

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Total costs of sales and operating expenses for the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_CostsAndExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- 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.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of gain (loss) on sale or disposal of other assets.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_GainLossOnSaleOfOtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(b)(4))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_LaborAndRelatedExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_MarketingAndAdvertisingExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- 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).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_NonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NonoperatingIncomeExpenseAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.3)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherCostAndExpenseOperating

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of income (expense) related to nonoperating activities, classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support.
+ References
No definition available.
+ Details

Name: us-gaap_ProfessionalAndContractServicesExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130543-203045
+ Details

Name: us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_RevenuesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- 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.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1505-109256
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- 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.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1448-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_ProductOrServiceAxis=cphc_PariMutuelMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=cphc_CasinoRevenueMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_FoodAndBeverageMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_ProductAndServiceOtherMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 47 R24.htm IDEA: XBRL DOCUMENT v3.20.1

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)
3 Months Ended 12 Months Ended

Mar. 31, 2020

USD ($)

a

item

Mar. 31, 2019

USD ($)

Dec. 31, 2019

USD ($)

Dec. 31, 2018

USD ($)

Schedule of Equity Method Investments [Line Items]

Casino open, number of hours daily 24 hours

Casino open, number of days weekly 7 days

Minnesota State law, maximum number of game tables | item 80

Numbers of acres to be developed | a 140

Funds Due To Organization $ 1,185,000 $ 1,260,000

Restricted Cash, Noncurrent $ 1,262,744

Check amount written in excess of cash balances 945,000 $ 0

Revolving Credit Facility

Schedule of Equity Method Investments [Line Items]

Credit line maximum borrowing amount $ 8,000,000

Doran Canterbury I [Member]

Schedule of Equity Method Investments [Line Items]

Restricted Cash, Noncurrent $ 1,200,000

X

- Definition
Casino open, days
+ References
No definition available.
+ Details

Name: cphc_CasinoOpenDays

Namespace Prefix: cphc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Casino open, hours
+ References
No definition available.
+ Details

Name: cphc_CasinoOpenHours

Namespace Prefix: cphc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Funds Due To Organization
+ References
No definition available.
+ Details

Name: cphc_FundsDueToOrganization

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Minnesota State law, maximum number of game tables
+ References
No definition available.
+ Details

Name: cphc_MinnesotaStateLawMaximumNumberOfGameTables

Namespace Prefix: cphc_

Data Type: xbrli:decimalItemType

Balance Type: na

Period Type: duration

X

- Definition
Numbers of acres to be developed
+ References
No definition available.
+ Details

Name: cphc_NumbersOfAcresToBeDeveloped

Namespace Prefix: cphc_

Data Type: num:areaItemType

Balance Type: na

Period Type: duration

X

- Definition
Payments written in excess of cash balance amount.
+ References
No definition available.
+ Details

Name: cphc_PaymentsWrittenInExcessOfCashBalanceAmount

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of cash restricted as to withdrawal or usage, classified as noncurrent. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6812-107765

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 210
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=116631420&loc=SL116631458-115580
+ Details

Name: us-gaap_RestrictedCashNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfEquityMethodInvestmentsLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=cphc_DoranCanterburyIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 48 R20.htm IDEA: XBRL DOCUMENT v3.20.1

NET INCOME PER SHARE COMPUTATIONS (Tables)
3 Months Ended

Mar. 31, 2020

NET INCOME PER SHARE COMPUTATIONS

Schedule Of Earnings Per Share Reconciliation



Three Months Ended March 31,



2020



2019

Net income (numerator) amounts used for basic and diluted per share computations:

$

255,221

$

56,572

Weighted average shares (denominator) of common stock outstanding:





Basic

4,659,579

4,559,477

Plus dilutive effect of stock options

3,096

53,768

Diluted

4,662,675

4,613,245

Net income per common share:





Basic

$

0.05

$

0.01

Diluted

0.05

0.01

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 49 R8.htm IDEA: XBRL DOCUMENT v3.20.1

STOCK-BASED COMPENSATION
3 Months Ended

Mar. 31, 2020

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

2. STOCK-BASED COMPENSATION

Long Term Incentive Plan and Award of Deferred Stock

The Long Term Incentive Plan (the “LTI Plan”) authorizes the grant of Long Term Incentive Awards that provide an opportunity to Named Executive Officers (“NEOs”) and other Senior Executives to receive a payment in cash or shares of the Company’s common stock to the extent of achievement at the end of a period greater than one year (the “Performance Period”) as compared to Performance Goals established at the beginning of the Performance Period. Currently, there are two awards outstanding that are for three-year periods ending December 31, 2020 and 2021. As a result of the COVID-19 Pandemic, the Company has temporarily suspended its LTI Plan until there is more certainty about the Company’s reopening and future operations.

Board of Directors Stock Option, Deferred Stock Awards, and Restricted Stock Grants

The Company’s Stock Plan currently authorizes annual grants of restricted stock, deferred stock, stock options, or any combination of the three, to non-employee members of the Board of Directors at the time of the Company’s annual shareholders’ meeting as determined by the Board prior to each such meeting. Options granted under the Plan generally expire 10 years after the grant date. Restricted stock and deferred stock grants generally vest 100% one year after the date of the annual meeting at which they were granted, are subject to restrictions on resale for an additional year, and are subject to forfeiture if a board member terminates his or her board service prior to the shares vesting. The Board of Directors’ unvested deferred stock awards as of March 31, 2020 consisted of 12,604 shares with a weighted average fair value per share of $12.69. There were no unvested restricted stock or stock options outstanding at March 31, 2020.

Stock-based compensation expense related to the LTI Plan, deferred stock awards and restricted stock awards is included on the Condensed Consolidated Statements of Operations and totaled $58,000 and $90,000 for the three months ended March 31, 2020 and 2019, respectively.

Employee Stock Option Grants

The Company has granted incentive stock options to employees pursuant to the Company’s Stock Plan with an exercise price equal to the market price on the date of grant. The options vest over a 42‑month period and expire in 10 years.

A summary of stock option activity as of March 31, 2020 and changes during the three months then ended is presented below:

Weighted

Weighted

Average

Average

Remaining

Aggregate

Number of

Exercise

Contractual

Grant Date

Stock Options

Options

Price

Term

Fair Value

Outstanding at January 1, 2020

33,250

$

9.64

Granted

-

-

Exercised

(24,250)

8.28

Expired/Forfeited

-

-

Outstanding at March 31, 2020

9,000

$

13.30

0.8 Years

$

119,700

Exercisable at March 31, 2020

9,000

$

13.30

0.8 Years

$

119,700

X

- Definition
The entire disclosure for share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938
+ Details

Name: us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 50 R41.htm IDEA: XBRL DOCUMENT v3.20.1

LEASES (Schedule of lease terms and discount rates) (Details)

Mar. 31, 2020

Mar. 31, 2019

LEASES [Abstract]

Finance - Weighted average remaining lease term (in years) 3 years 4 months 24 days 4 years 6 months

Operating - Weighted average remaining lease term (in years) 1 year 2 months 12 days 1 year 9 months 18 days

Finance - Weighted average discount rate (as a percent) 5.00% 5.00%

Operating - Weighted average discount rate (as a percent) 5.50% 5.00%

X

- Definition
Weighted average discount rate for finance lease calculated at point in time.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(4)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971
+ Details

Name: us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average remaining lease term for finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(3)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971
+ Details

Name: us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LeasesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average discount rate for operating lease calculated at point in time.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(4)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971
+ Details

Name: us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(3)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980
+ Details

Name: us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

XML 51 R25.htm IDEA: XBRL DOCUMENT v3.20.1

STOCK-BASED COMPENSATION (Narrative) (Details) - USD ($)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock-based compensation $ 57,606 $ 90,058

Minimum [Member] | CPHC Long Term Incentive Plan (LTI Plan) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

LTI Plan performance period 1 year

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation, expiration period 10 years

Share-based compensation, vesting period 42 months

Non-Employee Board Member Stock Options [Member] | Board of Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation, expiration period 10 years

Share-based compensation, nonvested number of shares 12,604

Non-Employee Board Member stock option and Restricted Stock [Member] | Board of Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights percentage 100.00%

Share-based compensation, vesting period 1 year

Non-Employee Board Member Deferred Stock [Member] | Board of Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation, nonvested, weighted average grant date fair value $ 12.69

Restricted Stock [Member] | Board of Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation, nonvested number of shares 0

X

- Definition
Estimated period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)-(ii)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)-(ii)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Percentage of vesting of award under share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of noncash expense for option under share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_StockOptionPlanExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: srt_RangeAxis=srt_MinimumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PlanNameAxis=cphc_CphcLongTermIncentivePlanLtiPlanMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardTypeAxis=cphc_NonEmployeeBoardMemberStockOptionsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_TitleOfIndividualAxis=srt_DirectorMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardTypeAxis=cphc_BoardOfDirectorsStockOptionAndRestrictedStockGrantsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardTypeAxis=cphc_NonEmployeeBoardMemberDeferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 52 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.1 html 107 326 1 false 41 0 false 7 false false R1.htm 00090 - Document - Document And Entity Information Sheet http://www.canterburypark.com/role/DocumentDocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 00100 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS Sheet http://www.canterburypark.com/role/StatementCondensedConsolidatedBalanceSheets CONDENSED CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 00105 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.canterburypark.com/role/StatementCondensedConsolidatedBalanceSheetsParenthetical CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://www.canterburypark.com/role/StatementCondensedConsolidatedStatementsOfOperations CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 00300 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY Sheet http://www.canterburypark.com/role/StatementCondensedConsolidatedStatementsOfStockholdersEquity CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY Statements 5 false false R6.htm 00400 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.canterburypark.com/role/StatementCondensedConsolidatedStatementsOfCashFlows CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 10101 - Disclosure - OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.canterburypark.com/role/DisclosureOverviewAndSummaryOfSignificantAccountingPolicies OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 7 false false R8.htm 10201 - Disclosure - STOCK-BASED COMPENSATION Sheet http://www.canterburypark.com/role/DisclosureStockBasedCompensation STOCK-BASED COMPENSATION Notes 8 false false R9.htm 10301 - Disclosure - NET INCOME PER SHARE COMPUTATIONS Sheet http://www.canterburypark.com/role/DisclosureNetIncomePerShareComputations NET INCOME PER SHARE COMPUTATIONS Notes 9 false false R10.htm 10401 - Disclosure - GENERAL CREDIT AGREEMENT Sheet http://www.canterburypark.com/role/DisclosureGeneralCreditAgreement GENERAL CREDIT AGREEMENT Notes 10 false false R11.htm 10501 - Disclosure - OPERATING SEGMENTS Sheet http://www.canterburypark.com/role/DisclosureOperatingSegments OPERATING SEGMENTS Notes 11 false false R12.htm 10601 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.canterburypark.com/role/DisclosureCommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 12 false false R13.htm 10701 - Disclosure - COOPERATIVE MARKETING AGREEMENT Sheet http://www.canterburypark.com/role/DisclosureCooperativeMarketingAgreement COOPERATIVE MARKETING AGREEMENT Notes 13 false false R14.htm 10801 - Disclosure - REAL ESTATE DEVELOPMENT Sheet http://www.canterburypark.com/role/DisclosureRealEstateDevelopment REAL ESTATE DEVELOPMENT Notes 14 false false R15.htm 10901 - Disclosure - LEASES Sheet http://www.canterburypark.com/role/DisclosureLeases LEASES Notes 15 false false R16.htm 11001 - Disclosure - RELATED PARTY RECEIVABLES Sheet http://www.canterburypark.com/role/DisclosureRelatedPartyReceivables RELATED PARTY RECEIVABLES Notes 16 false false R17.htm 11101 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.canterburypark.com/role/DisclosureSubsequentEvents SUBSEQUENT EVENTS Notes 17 false false R18.htm 20102 - Disclosure - OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.canterburypark.com/role/DisclosureOverviewAndSummaryOfSignificantAccountingPoliciesPolicies OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 18 false false R19.htm 30203 - Disclosure - STOCK-BASED COMPENSATION (Tables) Sheet http://www.canterburypark.com/role/DisclosureStockBasedCompensationTables STOCK-BASED COMPENSATION (Tables) Tables http://www.canterburypark.com/role/DisclosureStockBasedCompensation 19 false false R20.htm 30303 - Disclosure - NET INCOME PER SHARE COMPUTATIONS (Tables) Sheet http://www.canterburypark.com/role/DisclosureNetIncomePerShareComputationsTables NET INCOME PER SHARE COMPUTATIONS (Tables) Tables http://www.canterburypark.com/role/DisclosureNetIncomePerShareComputations 20 false false R21.htm 30503 - Disclosure - OPERATING SEGMENTS (Tables) Sheet http://www.canterburypark.com/role/DisclosureOperatingSegmentsTables OPERATING SEGMENTS (Tables) Tables http://www.canterburypark.com/role/DisclosureOperatingSegments 21 false false R22.htm 30703 - Disclosure - COOPERATIVE MARKETING AGREEMENT (Tables) Sheet http://www.canterburypark.com/role/DisclosureCooperativeMarketingAgreementTables COOPERATIVE MARKETING AGREEMENT (Tables) Tables http://www.canterburypark.com/role/DisclosureCooperativeMarketingAgreement 22 false false R23.htm 30903 - Disclosure - LEASES (Tables) Sheet http://www.canterburypark.com/role/DisclosureLeasesTables LEASES (Tables) Tables http://www.canterburypark.com/role/DisclosureLeases 23 false false R24.htm 40101 - Disclosure - OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) Sheet http://www.canterburypark.com/role/DisclosureOverviewAndSummaryOfSignificantAccountingPoliciesNarrativeDetails OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) Details http://www.canterburypark.com/role/DisclosureOverviewAndSummaryOfSignificantAccountingPoliciesPolicies 24 false false R25.htm 40201 - Disclosure - STOCK-BASED COMPENSATION (Narrative) (Details) Sheet http://www.canterburypark.com/role/DisclosureStockBasedCompensationNarrativeDetails STOCK-BASED COMPENSATION (Narrative) (Details) Details http://www.canterburypark.com/role/DisclosureStockBasedCompensationTables 25 false false R26.htm 40202 - Disclosure - STOCK-BASED COMPENSATION (Schedule of Stock Option Activity) (Details) Sheet http://www.canterburypark.com/role/DisclosureStockBasedCompensationScheduleOfStockOptionActivityDetails STOCK-BASED COMPENSATION (Schedule of Stock Option Activity) (Details) Details http://www.canterburypark.com/role/DisclosureStockBasedCompensationTables 26 false false R27.htm 40301 - Disclosure - NET INCOME PER SHARE COMPUTATIONS (Narrative ) (Details) Sheet http://www.canterburypark.com/role/DisclosureNetIncomePerShareComputationsNarrativeDetails NET INCOME PER SHARE COMPUTATIONS (Narrative ) (Details) Details http://www.canterburypark.com/role/DisclosureNetIncomePerShareComputationsTables 27 false false R28.htm 40302 - Disclosure - NET INCOME PER SHARE COMPUTATIONS (Details) Sheet http://www.canterburypark.com/role/DisclosureNetIncomePerShareComputationsDetails NET INCOME PER SHARE COMPUTATIONS (Details) Details http://www.canterburypark.com/role/DisclosureNetIncomePerShareComputationsTables 28 false false R29.htm 40401 - Disclosure - GENERAL CREDIT AGREEMENT (Narrative) (Details) Sheet http://www.canterburypark.com/role/DisclosureGeneralCreditAgreementNarrativeDetails GENERAL CREDIT AGREEMENT (Narrative) (Details) Details http://www.canterburypark.com/role/DisclosureGeneralCreditAgreement 29 false false R30.htm 40501 - Disclosure - OPERATING SEGMENTS (Narrative) (Details) Sheet http://www.canterburypark.com/role/DisclosureOperatingSegmentsNarrativeDetails OPERATING SEGMENTS (Narrative) (Details) Details http://www.canterburypark.com/role/DisclosureOperatingSegmentsTables 30 false false R31.htm 40502 - Disclosure - OPERATING SEGMENTS (Schedule of Operating Segments) (Details) Sheet http://www.canterburypark.com/role/DisclosureOperatingSegmentsScheduleOfOperatingSegmentsDetails OPERATING SEGMENTS (Schedule of Operating Segments) (Details) Details http://www.canterburypark.com/role/DisclosureOperatingSegmentsTables 31 false false R32.htm 40503 - Disclosure - OPERATING SEGMENTS (Reconciliation Of Revenues) (Details) Sheet http://www.canterburypark.com/role/DisclosureOperatingSegmentsReconciliationOfRevenuesDetails OPERATING SEGMENTS (Reconciliation Of Revenues) (Details) Details http://www.canterburypark.com/role/DisclosureOperatingSegmentsTables 32 false false R33.htm 40504 - Disclosure - OPERATING SEGMENTS (Reconciliation Of Income Before Income Taxes) (Details) Sheet http://www.canterburypark.com/role/DisclosureOperatingSegmentsReconciliationOfIncomeBeforeIncomeTaxesDetails OPERATING SEGMENTS (Reconciliation Of Income Before Income Taxes) (Details) Details http://www.canterburypark.com/role/DisclosureOperatingSegmentsTables 33 false false R34.htm 40505 - Disclosure - OPERATING SEGMENTS (Reconciliation Of Assets) (Details) Sheet http://www.canterburypark.com/role/DisclosureOperatingSegmentsReconciliationOfAssetsDetails OPERATING SEGMENTS (Reconciliation Of Assets) (Details) Details http://www.canterburypark.com/role/DisclosureOperatingSegmentsTables 34 false false R35.htm 40601 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) Sheet http://www.canterburypark.com/role/DisclosureCommitmentsAndContingenciesDetails COMMITMENTS AND CONTINGENCIES (Details) Details http://www.canterburypark.com/role/DisclosureCommitmentsAndContingencies 35 false false R36.htm 40701 - Disclosure - COOPERATIVE MARKETING AGREEMENT (Narrative) (Details) Sheet http://www.canterburypark.com/role/DisclosureCooperativeMarketingAgreementNarrativeDetails COOPERATIVE MARKETING AGREEMENT (Narrative) (Details) Details http://www.canterburypark.com/role/DisclosureCooperativeMarketingAgreementTables 36 false false R37.htm 40702 - Disclosure - COOPERATIVE MARKETING AGREEMENT (Purse Enhancement And Marketing Payments) (Details) Sheet http://www.canterburypark.com/role/DisclosureCooperativeMarketingAgreementPurseEnhancementAndMarketingPaymentsDetails COOPERATIVE MARKETING AGREEMENT (Purse Enhancement And Marketing Payments) (Details) Details http://www.canterburypark.com/role/DisclosureCooperativeMarketingAgreementTables 37 false false R38.htm 40801 - Disclosure - REAL ESTATE DEVELOPMENT (Details) Sheet http://www.canterburypark.com/role/DisclosureRealEstateDevelopmentDetails REAL ESTATE DEVELOPMENT (Details) Details http://www.canterburypark.com/role/DisclosureRealEstateDevelopment 38 false false R39.htm 40901 - Disclosure - LEASES (Narrative) (Details) Sheet http://www.canterburypark.com/role/DisclosureLeasesNarrativeDetails LEASES (Narrative) (Details) Details http://www.canterburypark.com/role/DisclosureLeasesTables 39 false false R40.htm 40902 - Disclosure - LEASES (Schedule of classification of right of use assets) (Details) Sheet http://www.canterburypark.com/role/DisclosureLeasesScheduleOfClassificationOfRightOfUseAssetsDetails LEASES (Schedule of classification of right of use assets) (Details) Details http://www.canterburypark.com/role/DisclosureLeasesTables 40 false false R41.htm 40903 - Disclosure - LEASES (Schedule of lease terms and discount rates) (Details) Sheet http://www.canterburypark.com/role/DisclosureLeasesScheduleOfLeaseTermsAndDiscountRatesDetails LEASES (Schedule of lease terms and discount rates) (Details) Details http://www.canterburypark.com/role/DisclosureLeasesTables 41 false false R42.htm 40904 - Disclosure - LEASES (Schedule of maturities of operating and financing leases) (Details) Sheet http://www.canterburypark.com/role/DisclosureLeasesScheduleOfMaturitiesOfOperatingAndFinancingLeasesDetails LEASES (Schedule of maturities of operating and financing leases) (Details) Details http://www.canterburypark.com/role/DisclosureLeasesTables 42 false false R43.htm 41001 - Disclosure - RELATED PARTY RECEIVABLES (Details) Sheet http://www.canterburypark.com/role/DisclosureRelatedPartyReceivablesDetails RELATED PARTY RECEIVABLES (Details) Details http://www.canterburypark.com/role/DisclosureRelatedPartyReceivables 43 false false R44.htm 41101 - Disclosure - SUBSEQUENT EVENTS (Narrative) (Details) Sheet http://www.canterburypark.com/role/DisclosureSubsequentEventsNarrativeDetails SUBSEQUENT EVENTS (Narrative) (Details) Details http://www.canterburypark.com/role/DisclosureSubsequentEvents 44 false false All Reports Book All Reports cphc-20200331.xml cphc-20200331.xsd cphc-20200331_cal.xml cphc-20200331_def.xml cphc-20200331_lab.xml cphc-20200331_pre.xml http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/srt/2019-01-31 http://fasb.org/us-gaap/2019-01-31 true true XML 53 R21.htm IDEA: XBRL DOCUMENT v3.20.1

OPERATING SEGMENTS (Tables)
3 Months Ended

Mar. 31, 2020

OPERATING SEGMENTS

Schedule of the Company's Operating Segments

Three Months Ended March 31, 2020



Horse Racing



Card Casino



Food and Beverage



Development



Total

Net revenues from external customers

$

2,197

$

7,561

$

1,182

$

9

$

10,949

Intersegment revenues

70

—

262

—

332

Net interest (expense) income

(9)

—

—

173

164

Depreciation

398

261

58

—

717

Segment (loss) income before income taxes

(896)

965

(160)

74

(17)

Segment tax expense (benefit)

(94)

158

(26)

12

50

March 31, 2020

Segment Assets

$

31,020

$

3,252

$

25,239

$

29,302

$

88,813

Three Months Ended March 31, 2019



Horse Racing



Card Casino



Food and Beverage



Development



Total

Net revenues from external customers

$

2,292

$

7,900

$

1,399

$

-

$

11,591

Intersegment revenues

116

-

303

-

419

Net interest income

8

-

-

55

63

Depreciation

578

4

44

-

626

Segment (loss) income before income taxes

(1,176)

1,110

(88)

(22)

(176)

Segment tax expense (benefit)

(414)

441

(35)

(8)

(16)

December 31, 2019

Segment Assets

$

31,618

$

3,327

$

25,430

$

29,074

$

89,449

Reconciliation of Revenues



Three Months Ended March 31, 2020



2020



2019

Revenues

Total net revenue for reportable segments

$

11,281

$

12,010

Elimination of intersegment revenues

(332)

(419)

Total consolidated net revenues

$

10,949

$

11,591

Reconciliation of Income Before Income Taxes

Income before income taxes





Total segment income before income taxes

$

(17)

$

(176)

Elimination of intersegment income before income taxes

322

216

Total consolidated income before income taxes

$

305

$

40

Reconciliation of Assets



March 31,



December 31,



2020



2019

Assets





Total assets for reportable segments

$

88,813

$

89,449

Elimination of intercompany balances

(23,715)

(24,036)

Total consolidated assets

$

65,098

$

65,413

X

- Definition
Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599
+ Details

Name: us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599
+ Details

Name: us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599
+ Details

Name: us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599
+ Details

Name: us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_SegmentReportingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 54 R9.htm IDEA: XBRL DOCUMENT v3.20.1

NET INCOME PER SHARE COMPUTATIONS
3 Months Ended

Mar. 31, 2020

NET INCOME PER SHARE COMPUTATIONS

NET INCOME PER SHARE COMPUTATIONS

3. NET INCOME PER SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the earnings per common share computations for the three months ended March 31, 2020 and 2019:



Three Months Ended March 31,



2020



2019

Net income (numerator) amounts used for basic and diluted per share computations:

$

255,221

$

56,572

Weighted average shares (denominator) of common stock outstanding:





Basic

4,659,579

4,559,477

Plus dilutive effect of stock options

3,096

53,768

Diluted

4,662,675

4,613,245

Net income per common share:





Basic

$

0.05

$

0.01

Diluted

0.05

0.01

Options to purchase 9,000 shares of common stock at an average price of $13.30 per share were outstanding but not included in the computation of diluted net income per share for the three months ended March 31, 2020 because the exercise price of the options exceeded the market price of the Company’s common stock at March 31, 2020.

There were no out-of-the money options at March 31, 2019; thus, all outstanding options to purchase shares of common stock were included in the computation of diluted net income per share.

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for earnings per share.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383
+ Details

Name: us-gaap_EarningsPerShareTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 55 R1.htm IDEA: XBRL DOCUMENT v3.20.1

Document And Entity Information - shares
3 Months Ended

Mar. 31, 2020

May 01, 2020

Document And Entity Information

Document Type 10-Q

Amendment Flag false

Document Period End Date Mar. 31, 2020

Document Fiscal Year Focus 2020

Document Fiscal Period Focus Q1

Entity Registrant Name CANTERBURY PARK HOLDING CORPORATION

Entity Central Index Key 0001672909

Current Fiscal Year End Date --12-31

Entity Filer Category Non-accelerated Filer

Entity Common Stock, Shares Outstanding 4,694,138

Entity Current Reporting Status Yes

Entity Interactive Data Current Yes

Entity Shell Company false

Entity Small Business true

Entity Emerging Growth Company false

X

- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Cover page.
+ References
No definition available.
+ Details

Name: dei_CoverAbstract

Namespace Prefix: dei_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityEmergingGrowthCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-T
-Number 232
-Section 405
+ Details

Name: dei_EntityInteractiveDataCurrent

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityShellCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicates that the company is a Smaller Reporting Company (SRC).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntitySmallBusiness

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

XML 56 R29.htm IDEA: XBRL DOCUMENT v3.20.1

GENERAL CREDIT AGREEMENT (Narrative) (Details)

Mar. 31, 2020

USD ($)

Short-term Debt [Line Items]

Borrowings under credit line $ 0

Revolving Credit Facility

Short-term Debt [Line Items]

Credit line maximum borrowing amount 8,000,000

Letter of Credit

Short-term Debt [Line Items]

Credit line maximum borrowing amount $ 2,000,000

X

- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(16))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_LineOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ShortTermDebtLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 57 R5.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)

Common Stock [Member]

Additional Paid-in Capital [Member]

Retained Earnings [Member]

Total

Balance at Dec. 31, 2018 $ 45,277 $ 21,420,886 $ 25,268,187 $ 46,734,350

Balance, shares at Dec. 31, 2018 4,527,685

Exercise of stock options $ 281 172,111 172,392

Exercise of stock options, shares 28,060

Other share retirements $ (59) (27,915) (62,023) (89,997)

Other share retirements, shares (5,863)

Stock-based compensation 90,058 90,058

Dividend distribution (320,226) (320,226)

401(K) stock match $ 81 116,312 116,393

401(K) stock match, shares 8,111

Issuance of deferred stock awards $ 110 (55,044) (54,934)

Issuance of deferred stock awards, shares 10,968

Shares issued under Employee Stock Purchase Plan $ 57 67,282 67,339

Shares issued under Employee Stock Purchase Plan, shares 5,697

Net income 56,572 56,572

Balance at Mar. 31, 2019 $ 45,747 21,783,690 24,942,510 46,771,947

Balance, shares at Mar. 31, 2019 4,574,658

Balance at Dec. 31, 2019 $ 46,445 22,733,933 26,635,732 49,416,110

Balance, shares at Dec. 31, 2019 4,644,522

Exercise of stock options $ 242 200,548 200,790

Exercise of stock options, shares 24,250

Other share retirements $ (99) (44,587) (79,512) (124,198)

Other share retirements, shares (9,920)

Stock-based compensation 57,606 57,606

401(K) stock match $ 172 160,795 160,967

401(K) stock match, shares 17,179

Issuance of deferred stock awards $ 181 (72,560) (72,379)

Issuance of deferred stock awards, shares 18,107

Net income 255,221 255,221

Balance at Mar. 31, 2020 $ 46,941 $ 23,035,735 $ 26,811,441 $ 49,894,117

Balance, shares at Mar. 31, 2020 4,694,138

X

- Definition
Number of shares issued during the period related to Deferred Stock Awards.
+ References
No definition available.
+ Details

Name: cphc_StockIssuedDuringPeriodSharesDeferredStockAward

Namespace Prefix: cphc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Stock Issued During Period Shares Stock Options Exercised Including Others Exercised
+ References
No definition available.
+ Details

Name: cphc_StockIssuedDuringPeriodSharesStockOptionsExercisedIncludingOthersExercised

Namespace Prefix: cphc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Value of stock related to Deferred Stock Awards issued during the period.
+ References
No definition available.
+ Details

Name: cphc_StockIssuedDuringPeriodValueDeferredStockAward

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 20
-Section 55
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=118258462&loc=d3e11149-113907

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 20
-Section 55
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=118258462&loc=d3e11178-113907

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116855982&loc=d3e4534-113899
+ Details

Name: us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957935&loc=d3e64057-112817
+ Details

Name: us-gaap_Dividends

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591552-111686
+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of shares issued which are neither cancelled nor held in the treasury.
+ References
No definition available.
+ Details

Name: us-gaap_SharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares issued during the period to an employee benefit plan, such as a defined contribution or defined benefit plan.
+ References
No definition available.
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesEmployeeBenefitPlan

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of shares issued during the period as a result of an employee stock purchase plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Value of shares issued during the period to an employee benefit plan, such as a defined contribution or defined benefit plan.
+ References
No definition available.
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueEmployeeBenefitPlan

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Aggregate change in value for stock issued during the period as a result of employee stock purchase plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Value of stock issued as a result of the exercise of stock options.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of shares that have been repurchased and retired during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644
+ Details

Name: us-gaap_StockRepurchasedAndRetiredDuringPeriodShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_StockRepurchasedAndRetiredDuringPeriodValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 58 R40.htm IDEA: XBRL DOCUMENT v3.20.1

LEASES (Schedule of classification of right of use assets) (Details) - USD ($)

Mar. 31, 2020

Dec. 31, 2019

Mar. 31, 2019

LEASES [Abstract]

Land, buildings and equipment, net $ 44,241,167 $ 43,833,702

Finance $ 90,273 $ 115,254

Financial position-finance us-gaap:PropertyPlantAndEquipmentNet

Operating $ 72,911 $ 74,832 13,074

Financial position-operating us-gaap:OperatingLeaseRightOfUseAsset

Total Leased Assets $ 163,184 128,328

Accumulated amortization-finance $ 29,744 $ 5,949

X

- Definition
Amount of lessee's right to use underlying asset under finance lease and operating lease.
+ References
No definition available.
+ Details

Name: cphc_FinanceLeaseAndOperatingLeaseRightOfUseAsset

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of lessee's right to use underlying asset under finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseRightOfUseAsset

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Indicates line item in statement of financial position that includes finance lease right-of-use asset.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918631-209977
+ Details

Name: us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList

Namespace Prefix: us-gaap_

Data Type: srt-types:extensibleListItemType

Balance Type: na

Period Type: instant

X

- Definition
Accumulated amortization on long-term land leases capitalized as part of real property.
+ References
No definition available.
+ Details

Name: us-gaap_GroundLeasesAccumulatedAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LeasesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of lessee's right to use underlying asset under operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseRightOfUseAsset

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Indicates line item in statement of financial position that includes operating lease right-of-use asset.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918631-209977
+ Details

Name: us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList

Namespace Prefix: us-gaap_

Data Type: srt-types:extensibleListItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 59 R44.htm IDEA: XBRL DOCUMENT v3.20.1

SUBSEQUENT EVENTS (Narrative) (Details)

Apr. 15, 2020

USD ($)

a

Apr. 07, 2020

USD ($)

a

Mar. 13, 2020

USD ($)

a

Subsequent Event [Member]

Subsequent Event [Line Items]

Area of Land | a 2.4

Proceeds from sale of land held-for-investment | $ $ 1,100,000

Scenario, Plan [Member]

Subsequent Event [Line Items]

Area of Land | a 12

Proceeds from sale of land held-for-investment | $ $ 2,500,000

Scenario, Plan [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Area of Land | a 11.3

Proceeds from sale of land held-for-investment | $ $ 2,400,000

X

- Definition
Area of land held.
+ References
No definition available.
+ Details

Name: us-gaap_AreaOfLand

Namespace Prefix: us-gaap_

Data Type: num:areaItemType

Balance Type: na

Period Type: instant

X

- Definition
The cash inflow from the sale of land held for investment; excludes sales of land held as inventory or productive use.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3179-108585
+ Details

Name: us-gaap_ProceedsFromSaleOfLandHeldforinvestment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.
+ References
No definition available.
+ Details

Name: us-gaap_SubsequentEventLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementScenarioAxis=us-gaap_ScenarioPlanMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 60 R17.htm IDEA: XBRL DOCUMENT v3.20.1

SUBSEQUENT EVENTS
3 Months Ended

Mar. 31, 2020

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS

As part of its development efforts, the Company has recently entered into two real estate purchase and sale agreements.

On April 7, 2020, the Company entered into an agreement to sell approximately 11.3 acres of land on the West side of the Racetrack to a third party for total consideration of approximately $2,400,000. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.

On April 15, 2020, the Company entered into an agreement to sell approximately 2.4 acres of land on the West side of the Racetrack to a third party for total consideration of approximately $1,100,000. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.

X

- References
No definition available.
+ Details

Name: us-gaap_SubsequentEventsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774
+ Details

Name: us-gaap_SubsequentEventsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 61 R13.htm IDEA: XBRL DOCUMENT v3.20.1

COOPERATIVE MARKETING AGREEMENT
3 Months Ended

Mar. 31, 2020

COOPERATIVE MARKETING AGREEMENT

COOPERATIVE MARKETING AGREEMENT

7. COOPERATIVE MARKETING AGREEMENT

As discussed above in Note 6, on March 4, 2012, the Company entered into the CMA with the SMSC. The primary purpose of the CMA is to increase purses paid during live horse racing at Canterbury Park’s Racetrack in order to strengthen Minnesota’s thoroughbred and quarter horse industry. Under the CMA, as amended, this is achieved through “Purse Enhancement Payments to Horsemen” paid directly to the MHBPA. These payments have no direct impact on the Company’s consolidated financial statements or operations.

Under the terms of the CMA, as amended, the SMSC made a payment of $7.4 million during the first three months of 2019, primarily for purse enhancements for the live race meet. As of the date of this filing, the SMSC has not made a payment for the 2020 live race meet.

Under the CMA, as amended, SMSC also agreed to make “Marketing Payments” to the Company relating to joint marketing efforts for the mutual benefit of the Company and SMSC, including signage, joint promotions, player benefits, and events.

In the respective first quarters of 2015, 2016, 2017, and 2018, the CMA was amended to adjust the payment amounts between the “Purse Enhancement Payments to Horsemen” and “Marketing Payments to Canterbury Park.” SMSC is currently obligated to make the following purse enhancement and marketing payments for 2021 through 2022:

Purse Enhancement Payments to

Marketing Payments to

Year



Horsemen (1)

Canterbury Park

2021

7,380,000

1,620,000

2022

7,380,000

1,620,000

1 Includes $100,000 each year payable to various horsemen associations

The amounts earned from the marketing payments are recorded as a component of other revenue and the related expenses are recorded as a component of advertising and marketing expense and depreciation in the Company’s condensed consolidated statements of operations. For the three months ended March 31, 2020, the Company recorded $68,000 in other revenue, incurred $30,000 in advertising and marketing expense, and incurred $38,000 in depreciation related to the SMSC marketing funds. For the three months ended March 31, 2019, the Company recorded $75,000 in other revenue and incurred $18,000 in advertising and marketing expense and $57,000 in depreciation related to the SMSC marketing funds.

Under the CMA, the Company agreed for the term of the CMA, which is currently scheduled to terminate on December 31, 2022, that it would not promote or lobby the Minnesota legislature for expanded gambling authority and will support the SMSC’s lobbying efforts against expanding gambling authority.

X

- Definition
The entire disclosure for collaborative arrangements in which the entity is a participant, including a) information about the nature and purpose of such arrangements; b) its rights and obligations thereunder; c) the accounting policy for collaborative arrangements; and d) the income statement classification and amounts attributable to transactions arising from the collaborative arrangement between participants.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 808
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6931272&loc=SL5834143-161434

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 808
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6931272&loc=SL5834143-161434

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 808
-URI http://asc.fasb.org/topic&trid=5833765
+ Details

Name: us-gaap_CollaborativeArrangementDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 62 R38.htm IDEA: XBRL DOCUMENT v3.20.1

REAL ESTATE DEVELOPMENT (Details)
3 Months Ended

Mar. 13, 2020

USD ($)

a

Mar. 31, 2020

USD ($)

Dec. 31, 2019

USD ($)

Sep. 27, 2018

a

Aug. 18, 2018

a

Estimated TIF improvement costs to be borne by Company $ 23,336,500

TIF receivable 9,857,413 $ 9,708,856

Principle portion of TIF receivables 9,580,000

Accrued Interest on TIF receivables $ 277,000

Scenario, Plan [Member]

Area of Land | a 12

Proceeds from sale of land held-for-investment $ 2,500,000

Doran Canterbury II [Member]

Area of Land | a 10

Ownership percentage in investment project 27.40%

Doran Canterbury I joint venture

Area of Land | a 13

Ownership percentage in investment project 27.40%

Doran Canterbury II, LLC [Member] | Doran Canterbury II [Member]

Ownership percentage in investment project 72.60%

X

- Definition
The amount of accrued interest on tax incremental financial receivables.
+ References
No definition available.
+ Details

Name: cphc_AccruedInterestOnTaxIncrementFinancingReceivables

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The total estimated costs of Tax Incremental Financing (TIF) eligible improvements to be borne by the entity.
+ References
No definition available.
+ Details

Name: cphc_TIFImprovementCosts

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The face amount of tax increment financial receivables.
+ References
No definition available.
+ Details

Name: cphc_TaxIncrementFinancingReceivableFaceAmount

Namespace Prefix: cphc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Area of land held.
+ References
No definition available.
+ Details

Name: us-gaap_AreaOfLand

Namespace Prefix: us-gaap_

Data Type: num:areaItemType

Balance Type: na

Period Type: instant

X

- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571
+ Details

Name: us-gaap_EquityMethodInvestmentOwnershipPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Carrying amount due after one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(5)(c))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_IncomeTaxesReceivableNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cash inflow from the sale of land held for investment; excludes sales of land held as inventory or productive use.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3179-108585
+ Details

Name: us-gaap_ProceedsFromSaleOfLandHeldforinvestment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: srt_StatementScenarioAxis=us-gaap_ScenarioPlanMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=cphc_DoranCanterburyIiMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=us-gaap_CoVenturerMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=cphc_DoranCanterburyIiLlcMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 63 R30.htm IDEA: XBRL DOCUMENT v3.20.1

OPERATING SEGMENTS (Narrative) (Details)
3 Months Ended

Mar. 31, 2020

segment

OPERATING SEGMENTS

Number of reportable segments 4

Number of operating segments 4

Percent of gross concession segment revenue paid to horse racing segment 25.00%

X

- Definition
Percent of gross revenues earned on live racing and special event days by the food and beverage segment that is paid to the horse racing segment for use of the facilities.
+ References
No definition available.
+ Details

Name: cphc_SourceOfRevenuesOfHorseRacingSegment

Namespace Prefix: cphc_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.
+ References
No definition available.
+ Details

Name: us-gaap_NumberOfOperatingSegments

Namespace Prefix: us-gaap_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements.
+ References
No definition available.
+ Details

Name: us-gaap_NumberOfReportableSegments

Namespace Prefix: us-gaap_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_SegmentReportingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 64 R34.htm IDEA: XBRL DOCUMENT v3.20.1

OPERATING SEGMENTS (Reconciliation Of Assets) (Details) - USD ($)

Mar. 31, 2020

Dec. 31, 2019

Segment Reporting, Asset Reconciling Item [Line Items]

Total consolidated assets $ 65,097,832 $ 65,413,082

Reportable Segment [Member]

Segment Reporting, Asset Reconciling Item [Line Items]

Total consolidated assets 88,813,000 89,449,000

Elimination Of Intersegment [Member]

Segment Reporting, Asset Reconciling Item [Line Items]

Total consolidated assets $ (23,715,000) $ (24,036,000)

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_SegmentReportingAssetReconcilingItemLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

NET INCOME PER SHARE COMPUTATIONS (Narrative ) (Details)	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Granted, Weighted Average Exercise Price
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount \| shares	9,000
Granted, Weighted Average Exercise Price	$ 13.30

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance	$ 19,250	$ 19,250
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	4,694,138	4,644,522
Common stock, shares outstanding	4,694,138	4,644,522

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2020
OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business – The Company’s Racetrack operations are conducted at facilities located in Shakopee, Minnesota, approximately 25 miles southwest of downtown Minneapolis. In May 1994, the Company commenced year-round horse racing simulcast operations and hosted the first annual live race meet during the summer of 1995. The Company’s live racing operations are a seasonal business as it typically hosts live race meets each year from May until September. The Company earns additional pari-mutuel revenue by televising its live racing to out-of-state racetracks around the country. Canterbury Park’s Card Casino typically operates 24 hours a day, seven days a week and is limited by Minnesota State law to conducting card play on a maximum of 80 tables. The Card Casino currently offers a variety of poker and table games. The Company’s three largest sources of revenues include: Card Casino operations, pari-mutuel operations and food and beverage sales. The Company also derives revenues from related services and activities, such as admissions, advertising signage, publication sales, and from other entertainment events and activities held at the Racetrack. Additionally, the Company is developing approximately 140 acres of underutilized land surrounding the Racetrack in a project known as Canterbury Commons. The Company is pursuing several mixed-use development opportunities for this land, directly and through joint ventures. In January 2020, an outbreak of a respiratory illness caused by a new strain of coronavirus was identified. The disease has since spread rapidly across the world, causing the World Health Organization to declare the outbreak a pandemic (the “COVID-19 Pandemic”) on March 12, 2020. Since that time, measures have been taken to limit the impact of COVID-19, including shelter-in-place orders, social distancing measures, travel bans and restrictions, and business and government shutdowns. On March 16, 2020, the Company announced that, based on the advice of Minnesota state and regulatory bodies, it was temporarily suspending all card casino, simulcast, and special events operations at Canterbury Park in response to concerns about the COVID-19 Pandemic. Canterbury Park determined this voluntary suspension of activities was in the best interest of the health and safety of its guests and team members and would provide the Company an opportunity to review and update operational best practices and strategies based on what was currently known about this public health situation and future developments. Despite a strong start to the year, the disruptions arising from the COVID-19 Pandemic had a significant impact on the Company's financial condition and operations during the three months ended March 31, 2020. The duration and intensity of this global health emergency and related disruptions is uncertain. Given the dynamic nature of these circumstances, the impact on the Company’s consolidated results of operations, cash flows and financial condition in 2020 will be material, but cannot be reasonably estimated at this time as it is unknown when the COVID-19 Pandemic will end, when or how quickly the current travel restrictions will be modified or cease to be necessary and the resulting impact on the Company’s business and the willingness of customers to spend on entertainment. The Company has a consolidated balance sheet with no long-term debt and an $8 million credit line that is anticipated to provide the Company with the necessary liquidity and financial flexibility to manage through this challenging operating environment. We have taken significant actions to mitigate the effects of the COVID-19 Pandemic on our operations, including initiating workforce reductions and furloughs, suspending the Company’s quarterly cash dividend, reducing working capital, postponing non-essential capital expenditures, reducing operating costs, and substantially reducing discretionary spending. We expect these countermeasures to partially mitigate the impacts of COVID-19 on our full year 2020 financial results. As the impact of the COVID-19 Pandemic on the economy and our operations evolves, we will continue to assess the impact on the Company and respond accordingly. Basis of Presentation and Preparation – The accompanying condensed consolidated financial statements include the accounts of the Company (Canterbury Park Holding Corporation and its subsidiaries Canterbury Park Entertainment, LLC; Canterbury Park Concession, Inc.; and Canterbury Development, LLC). Intercompany accounts and transactions have been eliminated. The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2019, included in its Annual Report on Form 10‑K (the “2019 Form 10‑K”). The condensed consolidated balance sheets and the related condensed consolidated statements of operations, stockholders’ equity, and the cash flows for the periods ended March 31, 2020 and 2019 have been prepared by Company management. In the opinion of management, all adjustments (which include only normal recurring adjustments, except where noted) necessary to present fairly the financial position, results of operations, statement of stockholders’ equity, and cash flows at March 31, 2020 and 2019 and for the periods then ended have been made. Summary of Significant Accounting Policies – A detailed description of our significant accounting policies can be found in our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. There were no material changes in significant accounting policies during the quarter ended March 31, 2020. Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means. Restricted cash also includes a deposit related to its development operations. The Company deposited $1.2 million with a bank in December 2018 to assist Doran Canterbury I to complete financing for a construction loan. On May 1, 2020, the bank released the deposit back to the Company. Therefore, the Company classified this as short term restricted cash on its Condensed Consolidated Balance Sheet. Deferred Revenue – Deferred revenue includes advance sales related to racing, events and corporate partnerships. Revenue from these advance billings is recognized when the related event occurs or services have been performed. Deferred revenue also includes advanced Cooperative Marketing Agreement (“CMA”) promotional funds, for which revenue is recognized when expenses are incurred. Payable to Horsepersons - The Minnesota Pari-mutuel Horse Racing Act requires the Company to segregate a portion of funds (recorded as purse expense in the statements of operations) received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ association. Pursuant to an agreement with the Minnesota Horsemen’s Benevolent and Protective Association (“MHBPA”), the Company transferred into a trust account or paid directly to the MHBPA, $1,185,000 and $1,260,000 for the three months ended March 31, 2020 and 2019, respectively, related to thoroughbred races. Minnesota Statutes provide that amounts transferred into the trust account are the property of the trust and not of the Company, and therefore these amounts are not recorded on the Company’s Condensed Consolidated Balance Sheet. Checks Written in Excess of Cash Balance – For the three months ended March 31, 2020, the Company included $945,000 of checks written in excess of cash balance within accounts payable on the Condensed Consolidated Balance Sheet. There were no checks written in excess of cash balance as of December 31, 2019. Revenue Recognition – The Company’s primary revenues with customers consist of Card Casino operations, pari-mutuel wagering on simulcast and live horse races, and food and beverage transactions. We determine revenue recognition through the following steps:  Identification of the contract, or contracts, with a customer  Identification of the performance obligations in the contract  Determination of the transaction price  Allocation of the transaction price to the performance obligation in the contract  Recognition of revenue when, or as, we satisfy a performance obligation The transaction price for a Card Casino contract is a set percentage of wagers and is recognized at the time that the wagering process is complete. The transaction price for pari-mutuel wagering is the commission received on a wager, exclusive of any track fees and is recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body. The transaction price for food and beverage contracts is the net amount collected from the customer for these goods. Food and beverage services have been determined to be separate, stand-alone performance obligations and the transaction price is recorded as revenue as the good is transferred to the customer when delivery is made. Contracts for Card Casino operations and pari-mutuel wagering involve two performance obligations for those customers earning points under the Company’s loyalty program and a single performance obligation for customers who do not participate in the program. The Company applies a practical expedient by accounting for its gaming contracts on a portfolio basis as these wagers have similar characteristics and the Company reasonably expects the effects on the financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from what would result if the guidance were applied on an individual wagering contract. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with the loyalty points earned, the Company allocates an amount to the loyalty point contract liability based on the stand-alone redemption value of the points earned, which is determined by the value of a point that can be redeemed for a cash voucher, food and beverage voucher, racing admission, valet parking, or racing forms. Based on past experience, the majority of customers redeem their points for cash vouchers. Therefore, there are no further performance obligations by the Company. We have two general types of liabilities related to contracts with customers: (1) our MVP Loyalty Program and (2) outstanding chip liability. These are included in the line item Card Casino accruals on the consolidated balance sheet. We defer the full retail value of these complimentary reward items until the future revenue transaction occurs. The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program. We evaluate our on-track revenue, export revenue, and import revenue contracts to determine whether we are acting as the principal or as the agent when providing services, which we consider in determining if revenue should be reported gross or net. An entity is a principal if it controls the specified service before that service is transferred to a customer. The revenue we recognize for on-track revenue and import revenue is the commission we are entitled to retain for providing a wagering service to our customers. For these arrangements, we are the principal as we control the wagering service; therefore, any charges, including simulcast fees, we incur for delivering the wagering service are presented as operating expenses. For export revenue, our customer is the third party wagering site such as a racetrack, OTB, or advance deposit wagering provider. Therefore, the revenue we recognize for export revenue is the simulcast host fee we earn for exporting our racing signal to the third party wagering site.

LEASES (Schedule of maturities of operating and financing leases) (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Operating leases
2020 remaining	$ 29,315
2021	23,100
2022	23,100
Total minimum lease obligations	75,515
Less: amounts representing interest	(2,604)
Present value of minimum lease payments	72,911
Less: current portion	(27,855)	$ (29,776)
Lease obligations, net of current portion	45,056	45,056
Finance leases
2020 remaining	21,557
2021	28,743
2022	28,743
2023	19,332
Total minimum lease obligations	98,375
Less: amounts representing interest	(8,102)
Present value of minimum lease payments	90,273
Less: current portion	(24,807)	(24,500)
Lease obligations, net of current portion	$ 65,466	$ 71,784

OPERATING SEGMENTS (Reconciliation Of Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated net revenues	$ 10,949	$ 11,591
Reportable Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated net revenues	11,281	12,010
Elimination Of Intersegment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated net revenues	$ (332)	$ (419)

COOPERATIVE MARKETING AGREEMENT (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cooperative Marketing Agreement
Operating revenues	$ 10,948,959	$ 11,590,798
Advertising and marketing expense	183,988	190,329
Depreciation	716,853	625,520
Cooperative Marketing Agreement (CMA)
Cooperative Marketing Agreement
Advertising and marketing expense	30,000
Depreciation	38,000
SMSC \| Cooperative Marketing Agreement (CMA)
Cooperative Marketing Agreement
Purse enhancements paid directly to horsemen		7,400,000
Other
Cooperative Marketing Agreement
Operating revenues	972,766	847,224
Other \| Cooperative Marketing Agreement (CMA)
Cooperative Marketing Agreement
Operating revenues	68,000	75,000
Advertising and marketing expense		18,000
Depreciation		57,000
Pari-mutuel
Cooperative Marketing Agreement
Operating revenues	$ 1,296,026	$ 1,490,809

OPERATING SEGMENTS (Reconciliation Of Income Before Income Taxes) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total consolidated income before income taxes	$ 305,385	$ 40,479
Reportable Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total consolidated income before income taxes	(17,000)	(176,000)
Elimination Of Intersegment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total consolidated income before income taxes	$ 322,000	$ 216,000

COOPERATIVE MARKETING AGREEMENT (Purse Enhancement And Marketing Payments) (Details) - SMSC	3 Months Ended
	Mar. 31, 2020 USD ($)
Cooperative Marketing Agreement (CMA)
Receivables due per agreement
Amount to various horsemen associations included each year in purse enhancement payments to horsemen	$ 100,000
Purse Enhancement Payments To Horsemen
Obligations due per agreement
2021	7,380,000
2022	7,380,000
Marketing Payments To Canterbury Park
Receivables due per agreement
2021	1,620,000
2022	$ 1,620,000

REAL ESTATE DEVELOPMENT	3 Months Ended
REAL ESTATE DEVELOPMENT	Mar. 31, 2020
REAL ESTATE DEVELOPMENT
REAL ESTATE DEVELOPMENT	8. REAL ESTATE DEVELOPMENT Equity Investment On April 2, 2018, the Company’s subsidiary Canterbury Development LLC, entered into an Operating Agreement (“Operating Agreement”) with an affiliate of Doran Companies (“Doran”), a national commercial and residential real estate developer, as the two members of a Minnesota limited liability company named Doran Canterbury I, LLC (Doran Canterbury I). Doran Canterbury I was formed as part of a joint venture between Doran and Canterbury Development LLC to construct an upscale apartment complex on land adjacent to the Company’s Racetrack (the “Project”). Doran Canterbury I is developing Phase I of the Project, which will include approximately 300 units, a heated parking ramp, and a clubhouse. On September 27, 2018, Canterbury Development LLC contributed approximately 13 acres of land as its equity contribution in the Doran Canterbury I joint venture and became a 27.4% equity member. On December 20, 2018, financing for Doran Canterbury I was secured. As the Company is able to assert significant influence, but not control, over Doran Canterbury I’s operational and financial policies, the Company accounts for the joint venture as an equity method investment. In connection with the execution of the Amended Doran Canterbury I Agreement, on August 18, 2018, Canterbury Development LLC entered into an Operating Agreement with Doran Shakopee, LLC as the two members of a Minnesota limited liability company entitled Doran Canterbury II, LLC (“Doran Canterbury II”). Under the Doran Canterbury II Operating Agreement, Doran Canterbury II will pursue development of Phase II of the Project, which is expected to begin upon rental stabilization of Phase I. Phase II will include an additional 300 apartment units. Canterbury Development’s equity contribution to Doran Canterbury II for Phase II will be approximately 10 acres of land. In connection with its contribution, Canterbury Development became a 27.4% equity member in Doran Canterbury II with Doran owning the remaining 72.6%. Tax Increment Financing On August 8, 2018, the City Council of the City of Shakopee, Minnesota approved a Contract for Private Redevelopment (“Redevelopment Agreement”) between the City of Shakopee Economic Development Authority (“Shakopee EDA”) and Canterbury Park Holding Corporation and its subsidiary Canterbury Development LLC in connection with a Tax Increment Financing District (“TIF District”) that the City had approved in April 2018. The City of Shakopee, the Shakopee EDA and the Company entered into the Redevelopment Agreement on August 10, 2018. Under the Redevelopment Agreement, the Company has agreed to undertake a number of specific infrastructure improvements within the TIF District, including the development of public streets, utilities, sidewalks, and other public infrastructure. More specifically, the Company is obligated to construct improvements on Shenandoah Drive and Barenscheer Boulevard with these improvements required to be substantially complete on or before December 31, 2019 and December 31, 2020, respectively. As of December 31, 2019, improvements to Shenandoah Drive were substantially complete. Under the Redevelopment Agreement, the City of Shakopee has agreed that a portion of the tax increment revenue generated from the developed property will be paid to the Company to reimburse it for its expense in constructing infrastructure improvements. The total estimated cost of TIF eligible improvements to be borne by the Company is $23,336,500. A detailed Schedule of the Public Improvements under the Redevelopment Agreement, the timeline for their construction and the source and amount of funding is set forth on Exhibit C of the Redevelopment Agreement, which was filed as Exhibit 10.1 to the Company’s Form 10-Q for the quarter ended March 31, 2018. The total amount of funding that Canterbury will be paid as reimbursement under the TIF program for these improvements is not guaranteed, however, and will depend on future tax revenues generated from the developed property. As of March 31, 2020, the Company recorded a TIF receivable of $9,857,000, which represents $9,580,000 of principal and $277,000 of interest. The Company expects to finance its improvements under the Redevelopment Agreement with funds from its current operating resources and existing credit facility and, potentially, third-party financing sources. Purchase and Sale Agreement On March 13, 2020, the Company entered into an agreement to sell approximately 12 acres of land on the East side of the Racetrack to a third party for total consideration of approximately $2.5 million. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.

GENERAL CREDIT AGREEMENT	3 Months Ended
GENERAL CREDIT AGREEMENT	Mar. 31, 2020
GENERAL CREDIT AGREEMENT
GENERAL CREDIT AGREEMENT	4. GENERAL CREDIT AGREEMENT The Company has a general credit and security agreement with a financial institution, which provides a revolving credit line up to $8,000,000 and allows for letters of credit in the aggregate amount of up to $2,000,000 to be issued under the credit agreement. The line of credit is collateralized by all receivables, inventory, equipment, and general intangibles of the Company. This agreement was amended as of September 30, 2019 to extend the maturity date to September 30, 2020. As of March 31, 2020, the outstanding balance on the line of credit was $0.

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2020
OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation and Preparation	Basis of Presentation and Preparation – The accompanying condensed consolidated financial statements include the accounts of the Company (Canterbury Park Holding Corporation and its subsidiaries Canterbury Park Entertainment, LLC; Canterbury Park Concession, Inc.; and Canterbury Development, LLC). Intercompany accounts and transactions have been eliminated. The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2019, included in its Annual Report on Form 10‑K (the “2019 Form 10‑K”). The condensed consolidated balance sheets and the related condensed consolidated statements of operations, stockholders’ equity, and the cash flows for the periods ended March 31, 2020 and 2019 have been prepared by Company management. In the opinion of management, all adjustments (which include only normal recurring adjustments, except where noted) necessary to present fairly the financial position, results of operations, statement of stockholders’ equity, and cash flows at March 31, 2020 and 2019 and for the periods then ended have been made.
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies – A detailed description of our significant accounting policies can be found in our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. There were no material changes in significant accounting policies during the quarter ended March 31, 2020.
Restricted Cash	Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means. Restricted cash also includes a deposit related to its development operations. The Company deposited $1.2 million with a bank in December 2018 to assist Doran Canterbury I to complete financing for a construction loan. On May 1, 2020, the bank released the deposit back to the Company. Therefore, the Company classified this as short term restricted cash on its Condensed Consolidated Balance Sheet.
Deferred Revenue	Deferred Revenue – Deferred revenue includes advance sales related to racing, events and corporate partnerships. Revenue from these advance billings is recognized when the related event occurs or services have been performed. Deferred revenue also includes advanced Cooperative Marketing Agreement (“CMA”) promotional funds, for which revenue is recognized when expenses are incurred.
Payable to Horsepersons	Payable to Horsepersons - The Minnesota Pari-mutuel Horse Racing Act requires the Company to segregate a portion of funds (recorded as purse expense in the statements of operations) received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ association. Pursuant to an agreement with the Minnesota Horsemen’s Benevolent and Protective Association (“MHBPA”), the Company transferred into a trust account or paid directly to the MHBPA, $1,185,000 and $1,260,000 for the three months ended March 31, 2020 and 2019, respectively, related to thoroughbred races. Minnesota Statutes provide that amounts transferred into the trust account are the property of the trust and not of the Company, and therefore these amounts are not recorded on the Company’s Condensed Consolidated Balance Sheet.
Checks Written in Excess of Cash Balance	Checks Written in Excess of Cash Balance – For the three months ended March 31, 2020, the Company included $945,000 of checks written in excess of cash balance within accounts payable on the Condensed Consolidated Balance Sheet. There were no checks written in excess of cash balance as of December 31, 2019.
Revenue Recognition	Revenue Recognition – The Company’s primary revenues with customers consist of Card Casino operations, pari-mutuel wagering on simulcast and live horse races, and food and beverage transactions. We determine revenue recognition through the following steps:  Identification of the contract, or contracts, with a customer  Identification of the performance obligations in the contract  Determination of the transaction price  Allocation of the transaction price to the performance obligation in the contract  Recognition of revenue when, or as, we satisfy a performance obligation The transaction price for a Card Casino contract is a set percentage of wagers and is recognized at the time that the wagering process is complete. The transaction price for pari-mutuel wagering is the commission received on a wager, exclusive of any track fees and is recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body. The transaction price for food and beverage contracts is the net amount collected from the customer for these goods. Food and beverage services have been determined to be separate, stand-alone performance obligations and the transaction price is recorded as revenue as the good is transferred to the customer when delivery is made. Contracts for Card Casino operations and pari-mutuel wagering involve two performance obligations for those customers earning points under the Company’s loyalty program and a single performance obligation for customers who do not participate in the program. The Company applies a practical expedient by accounting for its gaming contracts on a portfolio basis as these wagers have similar characteristics and the Company reasonably expects the effects on the financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from what would result if the guidance were applied on an individual wagering contract. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with the loyalty points earned, the Company allocates an amount to the loyalty point contract liability based on the stand-alone redemption value of the points earned, which is determined by the value of a point that can be redeemed for a cash voucher, food and beverage voucher, racing admission, valet parking, or racing forms. Based on past experience, the majority of customers redeem their points for cash vouchers. Therefore, there are no further performance obligations by the Company. We have two general types of liabilities related to contracts with customers: (1) our MVP Loyalty Program and (2) outstanding chip liability. These are included in the line item Card Casino accruals on the consolidated balance sheet. We defer the full retail value of these complimentary reward items until the future revenue transaction occurs. The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program. We evaluate our on-track revenue, export revenue, and import revenue contracts to determine whether we are acting as the principal or as the agent when providing services, which we consider in determining if revenue should be reported gross or net. An entity is a principal if it controls the specified service before that service is transferred to a customer. The revenue we recognize for on-track revenue and import revenue is the commission we are entitled to retain for providing a wagering service to our customers. For these arrangements, we are the principal as we control the wagering service; therefore, any charges, including simulcast fees, we incur for delivering the wagering service are presented as operating expenses. For export revenue, our customer is the third party wagering site such as a racetrack, OTB, or advance deposit wagering provider. Therefore, the revenue we recognize for export revenue is the simulcast host fee we earn for exporting our racing signal to the third party wagering site.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash and cash equivalents		$ 355,399
Restricted cash	$ 3,081,073	2,308,955
Short-term investments		103,886
Accounts receivable, net of allowance of $19,250 for both periods	364,353	302,037
Inventory	288,878	390,118
Prepaid expenses	528,000	501,493
Income taxes receivable	88,075
Total current assets	4,350,379	3,961,888
LONG-TERM ASSETS
Deposits	49,500	49,500
Restricted cash - long-term portion		1,262,744
TIF receivable	9,857,413	9,708,856
Related party receivable	3,533,829	3,528,927
Operating lease right-of-use assets	72,911	74,832
Equity investment	2,992,633	2,992,633
Land, buildings and equipment, net	44,241,167	43,833,702
TOTAL ASSETS	65,097,832	65,413,082
CURRENT LIABILITIES
Accounts payable	4,754,400	3,495,238
Card Casino accruals	1,655,005	2,167,056
Accrued wages and payroll taxes	890,059	2,254,379
Cash dividend payable		324,439
Accrued property taxes	1,274,571	1,019,658
Deferred revenue	1,354,821	1,482,130
Payable to horsepersons	448,175	557,696
Income taxes payable		120,960
Current portion of finance lease obligations	24,807	24,500
Current portion of operating lease obligations	27,855	29,776
Total current liabilities	10,429,693	11,475,832
LONG-TERM LIABILITIES
Deferred income taxes	4,663,500	4,404,300
Finance lease obligations, net of current portion	65,466	71,784
Operating lease obligations, net of current portion	45,056	45,056
Total long-term liabilities	4,774,022	4,521,140
TOTAL LIABILITIES	15,203,715	15,996,972
STOCKHOLDERS’ EQUITY
Common stock, $.01 par value, 10,000,000 shares authorized, 4,694,138 and 4,644,522 respectively, shares issued and outstanding	46,941	46,445
Additional paid-in capital	23,035,735	22,733,933
Retained earnings	26,811,441	26,635,732
Total stockholders' equity	49,894,117	49,416,110
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 65,097,832	$ 65,413,082

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities:
Net income	$ 255,221	$ 56,572
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	716,853	625,520
Stock-based compensation expense	57,606	90,058
Stock-based employee match contribution	160,967	116,312
Deferred income taxes	259,200	94,800
Loss from equity investment		2,377
Loss on disposal of assets		113,437
Changes in operating assets and liabilities:
Increase in accounts receivable	(67,218)	(69,385)
Decrease (increase) in other current assets	74,733	(40,457)
Increase (decrease) in income taxes receivable/payable	(645,771)	357,158
Decrease in operating lease right-of-use assets	1,921	1,939
Decrease in operating lease liabilities	(1,921)	(1,939)
Increase in accounts payable	960,781	302,777
Decrease in deferred revenue	(127,309)	(61,754)
(Decrease) increase in Card Casino accruals	(512,051)	417,322
Decrease in accrued wages and payroll taxes	(1,364,320)	(888,915)
Increase in accrued property taxes	254,913	222,443
Increase in payable to horsepersons	327,215	122,454
Net cash provided by operating activities	350,820	1,460,719
Investing Activities:
Additions to land, buildings, and equipment	(825,937)	(3,101,381)
Additions for TIF eligible improvements	(148,557)	(1,700,038)
Proceeds from sale of investments	103,886
Net cash used in investing activities	(870,608)	(4,801,419)
Financing Activities:
Proceeds from issuance of common stock	76,592	149,815
Payments against line of credit	(1,450,000)
Borrowings on line of credit	1,450,000
Cash dividend paid to shareholders	(324,439)	(316,938)
Payments for taxes related to net share settlement of equity awards	(72,379)	(54,934)
Principal payments on finance lease	(6,011)	(5,738)
Net cash used in financing activities	(326,237)	(227,795)
Net decrease in cash, cash equivalents, and restricted cash	(846,025)	(3,568,495)
Cash, cash equivalents, and restricted cash at beginning of period	3,927,098	11,203,998
Cash, cash equivalents, and restricted cash at end of period	3,081,073	7,635,503
Schedule of non-cash investing and financing activities
Additions to buildings and equipment funded through accounts payable	298,000	227,000
Transfer of future TIF reimbursed costs from PP&E	149,000	1,700,000
ROU assets obtained in exchange for operating lease obligations		15,000
Dividend declared		320,000
Supplemental disclosure of cash flow information:
Interest paid	$ 11,000	$ 2,000

STOCK-BASED COMPENSATION (Schedule of Stock Option Activity) (Details)	3 Months Ended
	Mar. 31, 2020 USD ($) $ / shares shares
Number of Options
Outstanding, Beginning Balance, Number of Options \| shares	33,250
Granted, Number of Options \| shares
Exercised, Number of Options \| shares	(24,250)
Outstanding, Ending Balance, Number of Options \| shares	9,000
Weighted Average Exercise Price
Outstanding, Beginning Balance, Weighted Average Exercise Price \| $ / shares	$ 9.64
Granted, Weighted Average Exercise Price \| $ / shares
Exercised, Weighted Average Exercise Price \| $ / shares	8.28
Outstanding, Ending Balance, Weighted Average Exercise Price \| $ / shares	$ 13.30
Additional information
Options Outstanding, Weighted Average Remaining Contractual Term	9 months 18 days
Options outstanding at end of year, Aggregate grant date fair value \| $	$ 119,700
Options exercisable at end of year (in shares) \| shares	9,000
Options exercisable at end of year, Weighted Average Exercise Price \| $ / shares	$ 13.30
Weighted average remaining contractual term	9 months 18 days
Intrinsic value of options exercisable \| $	$ 119,700

RELATED PARTY RECEIVABLES (Details) - USD ($)		3 Months Ended		12 Months Ended
RELATED PARTY RECEIVABLES (Details) - USD ($)	Dec. 20, 2018	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Interest income, net		$ 163,690	$ 63,240
Doran family holding
Related Party Transaction [Line Items]
Costs incurred for preliminary grading work					$ 268,000
Doran Canterbury I joint venture
Related Party Transaction [Line Items]
Debt instrument basis rate				Prime Rate
Doran Canterbury I joint venture \| Doran family holding
Related Party Transaction [Line Items]
Loan receivable	$ 2,910,000
Promissory note	$ 2,940,000
Interest rate	5.00%
Loan maturity term	3 years
Allowance for doubtful accounts	$ 0
Doran Canterbury I joint venture \| Prime Rate [Member]
Related Party Transaction [Line Items]
Spread on interest rate				2.00%
Dorian Canterbury Loan One [Member]
Related Party Transaction [Line Items]
Loan to related parties				$ 178,100
Dorian Canterbury Loan Two [Member]
Related Party Transaction [Line Items]
Loan to related parties				$ 137,000

RELATED PARTY RECEIVABLES	3 Months Ended
RELATED PARTY RECEIVABLES	Mar. 31, 2020
RELATED PARTY RECEIVABLES
RELATED PARTY RECEIVABLES	10. RELATED PARTY RECEIVABLES On December 20, 2018, the Company entered into a loan agreement with Doran Family Holdings, which is the controlling partner in the Doran Canterbury I joint venture. The Company loaned Doran Family Holdings $2,910,000 net of loan origination fees, and received a promissory note totaling $2,940,000 bearing interest at 5%. The note will mature at the earliest of (i) the date of closing by Doran Canterbury II, LLC on Phase II Project Financing; (ii) the closing on any purchase of the Phase II Land by Doran Shakopee, LLC pursuant to its option under Section 3.9(a) of the Doran Canterbury II Operating Agreement; (iii) the date of final determination that the Phase II Project will not be developed by Doran Canterbury II, LLC; or (iv) three (3) years following the date of the note. Management believes no allowance for doubtful accounts is necessary. In 2018, the Company incurred $268,000 of costs for preliminary grading work on parcels of land the Company has designated for Doran Canterbury II. The Company will be fully reimbursed for these costs upon the commencement of the Doran Canterbury II project and thus, recorded the amount as a receivable. Although there is a possibility Doran Canterbury II will not materialize, the Company currently believes this likelihood is remote. In 2019, the Company loaned money to the Doran Canterbury I joint venture in two separate loans in the amounts of $178,100 and $137,000, respectively. These member loans bear interest at the rate equal to the Prime Rate plus two percent per annum. The Company expects to be fully reimbursed for these member loans when the joint venture achieves positive cash flow.

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2020
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	6. COMMITMENTS AND CONTINGENCIES In accordance with an Earn Out Promissory Note given to the prior owner of the Racetrack as part of the consideration paid by the Company to acquire the Racetrack in 1994, if (i) off-track betting becomes legally permissible in the State of Minnesota and (ii) the Company begins to conduct off-track betting with respect to or in connection with its operations, the Company will be required to pay to the IMR Fund, L.P. the greater of (a) $700,000 per Operating Year, as defined, or (b) 20% of the Net Pretax Profit, as defined for each of five operating years. At this time, management believes that the likelihood that these two conditions will be met and that the Company would be required to pay these amounts is remote. At the date (if any) that these two conditions are met, the five minimum payments would be discounted back to their present value and the sum of those discounted payments would be capitalized as part of the purchase price in accordance with GAAP. The purchase price will be further increased if payments become due under the “20% of Net Pretax Profit” calculation. The first payment would be due 90 days after the end of the third Operating Year in which off-track betting is conducted by the Company. Remaining payments would be made within 90 days of the end of each of the next four Operating Years. The Company entered into a Cooperative Marketing Agreement (the “CMA”) with the Shakopee Mdewakanton Sioux Community (“SMSC”), which became effective March 4, 2012, was amended in the first quarter of each of 2015, 2016, 2017, and 2018, and will expire on December 31, 2022. The CMA contains certain covenants which, if breached, would trigger an obligation to repay a specified amount related to such covenant. At this time, management believes it unlikely that any breach of a covenant will occur, and that therefore the possibility that the Company will be required to pay the specified amount related to any covenant breach is remote. The Company is periodically involved in various claims and legal actions arising in the normal course of business. Management believes that the resolution of any pending claims and legal actions at March 31, 2020 and as of the date of this report, will not have a material impact on the Company’s consolidated financial positions or results of operations. In August 2018, the Company entered into a Contract for Private Redevelopment with the City of Shakopee in connection with a Tax Increment Financing District (“TIF District”). The Company is obligated to construct certain infrastructure improvements within the TIF District, and will be reimbursed by the City of Shakopee by future tax increment revenue generated from the developed property. The total amount of funding that Canterbury will be paid as reimbursement under the TIF program for these improvements is not guaranteed and will depend on future tax revenues generated from the developed property.

COMMITMENTS AND CONTINGENCIES (Details)	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2020 USD ($) item
COMMITMENTS AND CONTINGENCIES [Abstract]
Off-track betting payment to the IMR Fund, L.P., per operating year \| $	$ 700,000
Off-track betting payment to the IMR Fund, L.P. as percentage of net pretax profit	20.00%
Number of years defined by off-track betting agreement	5 years
Earn out note conditions	2
Minimum number of payments to IMR Fund, L.P.	5
Maximum term for first payment to be made to IMR Fund, L.P.	90 days
Maximum term for remaining payments to be made to the IMR Fund, L.P.	90 days
Remaining years, payments to the IMR Fund, L.P.	4 years

LEASES (Narrative) (Details) - USD ($)	3 Months Ended
LEASES (Narrative) (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Income and Expenses, Lessee [Abstract]
Operating lease rent expense	$ 80,680	$ 116,691
Capital lease obligation	90,273
Operating lease cost	2,031	2,127
Total lease cost	80,680	116,691
Amortization of finance lease	$ 5,949	$ 5,949

NET INCOME PER SHARE COMPUTATIONS (Details) - USD ($)	3 Months Ended
NET INCOME PER SHARE COMPUTATIONS (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
NET INCOME PER SHARE COMPUTATIONS
Net income (numerator) amounts used for basic and diluted per share computations:	$ 255,221	$ 56,572
Weighted average shares (denominator) of common stock outstanding:
Basic	4,659,579	4,559,477
Plus dilutive effect of stock options	3,096	53,768
Diluted	4,662,675	4,613,245
Net income per common share:
Basic	$ 0.05	$ 0.01
Diluted	$ 0.05	$ 0.01

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
OPERATING REVENUES:
Operating revenues	$ 10,948,959	$ 11,590,798
OPERATING EXPENSES:
Purse expense	1,103,394	1,395,538
Minnesota Breeders' Fund	189,744	217,695
Other pari-mutuel expenses	220,849	268,366
Salaries and benefits	5,577,893	5,745,287
Cost of food and beverage and other sales	564,151	625,757
Depreciation and amortization	716,853	625,520
Utilities	290,611	322,115
Advertising and marketing	183,988	190,329
Professional and contracted services	972,324	966,386
Loss on disposal of assets		113,437
Other operating expenses	987,457	1,143,129
Total Operating Expenses	10,807,264	11,613,559
INCOME (LOSS) FROM OPERATIONS	141,695	(22,761)
OTHER INCOME
Interest income, net	163,690	63,240
Net Other Income	163,690	63,240
INCOME BEFORE INCOME TAXES	305,385	40,479
INCOME TAX BENEFIT (EXPENSE)	(50,164)	16,093
NET INCOME	$ 255,221	$ 56,572
Basic earnings per share	$ 0.05	$ 0.01
Diluted earnings per share	$ 0.05	$ 0.01
Weighted Average Basic Shares Outstanding	4,659,579	4,559,477
Weighted Average Diluted Shares	4,662,675	4,613,245
Cash dividends declared per share	$ 0.00	$ 0.07
Pari-mutuel
OPERATING REVENUES:
Operating revenues	$ 1,296,026	$ 1,490,809
Card Casino
OPERATING REVENUES:
Operating revenues	7,561,172	7,899,964
Food and beverage
OPERATING REVENUES:
Operating revenues	1,118,995	1,352,801
Other
OPERATING REVENUES:
Operating revenues	$ 972,766	$ 847,224

OVERVIEW AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2020 USD ($) a item	Mar. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Schedule of Equity Method Investments [Line Items]
Casino open, number of hours daily	24 hours
Casino open, number of days weekly	7 days
Minnesota State law, maximum number of game tables \| item	80
Numbers of acres to be developed \| a	140
Funds Due To Organization	$ 1,185,000	$ 1,260,000
Restricted Cash, Noncurrent			$ 1,262,744
Check amount written in excess of cash balances	945,000		$ 0
Revolving Credit Facility
Schedule of Equity Method Investments [Line Items]
Credit line maximum borrowing amount	$ 8,000,000
Doran Canterbury I [Member]
Schedule of Equity Method Investments [Line Items]
Restricted Cash, Noncurrent				$ 1,200,000

LEASES (Schedule of lease terms and discount rates) (Details)	Mar. 31, 2020	Mar. 31, 2019
LEASES [Abstract]
Finance - Weighted average remaining lease term (in years)	3 years 4 months 24 days	4 years 6 months
Operating - Weighted average remaining lease term (in years)	1 year 2 months 12 days	1 year 9 months 18 days
Finance - Weighted average discount rate (as a percent)	5.00%	5.00%
Operating - Weighted average discount rate (as a percent)	5.50%	5.00%

STOCK-BASED COMPENSATION (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 57,606	$ 90,058
Minimum [Member] \| CPHC Long Term Incentive Plan (LTI Plan) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
LTI Plan performance period	1 year
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, expiration period	10 years
Share-based compensation, vesting period	42 months
Non-Employee Board Member Stock Options [Member] \| Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, expiration period	10 years
Share-based compensation, nonvested number of shares	12,604
Non-Employee Board Member stock option and Restricted Stock [Member] \| Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage	100.00%
Share-based compensation, vesting period	1 year
Non-Employee Board Member Deferred Stock [Member] \| Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, nonvested, weighted average grant date fair value	$ 12.69
Restricted Stock [Member] \| Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, nonvested number of shares	0

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2020	May 01, 2020
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	CANTERBURY PARK HOLDING CORPORATION
Entity Central Index Key	0001672909
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		4,694,138
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false

GENERAL CREDIT AGREEMENT (Narrative) (Details)	Mar. 31, 2020 USD ($)
Short-term Debt [Line Items]
Borrowings under credit line	$ 0
Revolving Credit Facility
Short-term Debt [Line Items]
Credit line maximum borrowing amount	8,000,000
Letter of Credit
Short-term Debt [Line Items]
Credit line maximum borrowing amount	$ 2,000,000

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2018	$ 45,277	$ 21,420,886	$ 25,268,187	$ 46,734,350
Balance, shares at Dec. 31, 2018	4,527,685
Exercise of stock options	$ 281	172,111		172,392
Exercise of stock options, shares	28,060
Other share retirements	$ (59)	(27,915)	(62,023)	(89,997)
Other share retirements, shares	(5,863)
Stock-based compensation		90,058		90,058
Dividend distribution			(320,226)	(320,226)
401(K) stock match	$ 81	116,312		116,393
401(K) stock match, shares	8,111
Issuance of deferred stock awards	$ 110	(55,044)		(54,934)
Issuance of deferred stock awards, shares	10,968
Shares issued under Employee Stock Purchase Plan	$ 57	67,282		67,339
Shares issued under Employee Stock Purchase Plan, shares	5,697
Net income			56,572	56,572
Balance at Mar. 31, 2019	$ 45,747	21,783,690	24,942,510	46,771,947
Balance, shares at Mar. 31, 2019	4,574,658
Balance at Dec. 31, 2019	$ 46,445	22,733,933	26,635,732	49,416,110
Balance, shares at Dec. 31, 2019	4,644,522
Exercise of stock options	$ 242	200,548		200,790
Exercise of stock options, shares	24,250
Other share retirements	$ (99)	(44,587)	(79,512)	(124,198)
Other share retirements, shares	(9,920)
Stock-based compensation		57,606		57,606
401(K) stock match	$ 172	160,795		160,967
401(K) stock match, shares	17,179
Issuance of deferred stock awards	$ 181	(72,560)		(72,379)
Issuance of deferred stock awards, shares	18,107
Net income			255,221	255,221
Balance at Mar. 31, 2020	$ 46,941	$ 23,035,735	$ 26,811,441	$ 49,894,117
Balance, shares at Mar. 31, 2020	4,694,138

LEASES (Schedule of classification of right of use assets) (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
LEASES [Abstract]
Land, buildings and equipment, net	$ 44,241,167	$ 43,833,702
Finance	$ 90,273		$ 115,254
Financial position-finance	us-gaap:PropertyPlantAndEquipmentNet
Operating	$ 72,911	$ 74,832	13,074
Financial position-operating	us-gaap:OperatingLeaseRightOfUseAsset
Total Leased Assets	$ 163,184		128,328
Accumulated amortization-finance	$ 29,744		$ 5,949

SUBSEQUENT EVENTS (Narrative) (Details)	Apr. 15, 2020 USD ($) a	Apr. 07, 2020 USD ($) a	Mar. 13, 2020 USD ($) a
Subsequent Event [Member]
Subsequent Event [Line Items]
Area of Land \| a	2.4
Proceeds from sale of land held-for-investment \| $	$ 1,100,000
Scenario, Plan [Member]
Subsequent Event [Line Items]
Area of Land \| a			12
Proceeds from sale of land held-for-investment \| $			$ 2,500,000
Scenario, Plan [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Area of Land \| a		11.3
Proceeds from sale of land held-for-investment \| $		$ 2,400,000

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2020
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	11. SUBSEQUENT EVENTS As part of its development efforts, the Company has recently entered into two real estate purchase and sale agreements. On April 7, 2020, the Company entered into an agreement to sell approximately 11.3 acres of land on the West side of the Racetrack to a third party for total consideration of approximately $2,400,000. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020. On April 15, 2020, the Company entered into an agreement to sell approximately 2.4 acres of land on the West side of the Racetrack to a third party for total consideration of approximately $1,100,000. Closing is subject to the satisfaction of certain customary conditions. The Company expects the transaction to close in 2020.