XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Comprehensive Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net revenues        
Racing $ 160,440 $ 148,371 $ 190,622 $ 180,082
Gaming 51,371 49,459 110,707 108,546
Online 52,702 46,526 96,737 83,329
Other 6,303 5,330 10,946 9,283
Net revenues 270,816 249,686 409,012 381,240
Operating expenses        
Racing 95,484 91,555 138,472 137,601
Gaming 38,291 38,237 79,231 79,639
Online 32,925 28,851 63,076 55,216
Other 6,866 5,267 12,575 9,857
Selling, general and administrative expense 20,070 18,696 36,269 34,700
Insurance recoveries, net of losses (5,003) (395) (6,514) (395)
Operating income 82,183 67,475 85,903 64,622
Other income (expense):        
Interest income 35 56 53 124
Interest expense (982) (3,461) (2,205) (5,921)
Equity in loss (gain) of unconsolidated investments (564) 460 (784) 44
Miscellaneous, net 37 3,158 70 3,615
Total other income (expense) (1,474) 213 (2,866) (2,138)
Earnings from continuing operations before provision for income taxes 80,709 67,688 83,037 62,484
Income tax provision (32,133) (27,698) (33,107) (25,680)
Earnings from continuing operations 48,576 39,990 49,930 36,804
Discontinued operations, net of income taxes:        
(Loss) earnings from operations 0 0 (1) 1
Gain on sale of assets 0 157 0 157
Net earnings and comprehensive income $ 48,576 $ 40,147 $ 49,929 $ 36,962
Earnings Per Share, Basic [Abstract]        
Earnings from continuing operations (per share, basic) $ 2.82 $ 2.38 $ 2.90 $ 2.19
Discontinued operations (per share, basic) $ 0.00 $ 0.01 $ 0.00 $ 0.01
Net earnings (per basic share) $ 2.82 $ 2.39 $ 2.90 $ 2.20
Earnings Per Share, Diluted [Abstract]        
Earnings from continuing operations (per share, diluted) $ 2.77 $ 2.36 $ 2.86 $ 2.18
Discontinued operations (per share, diluted) $ 0.00 $ 0.01 $ 0.00 $ 0.01
Net earnings (per share, diluted) $ 2.77 $ 2.37 $ 2.86 $ 2.19
Weighted average shares outstanding:        
Basic (in shares) 16,978 16,444 16,940 16,401
Diluted (in shares) 17,502 16,935 17,443 16,899