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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below presents information about equity in (losses) earnings of unconsolidated investments included in the Company's reported segments for the years ended December 31, 2013, 2012 and 2011 (in thousands):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Online Business
$
(848
)
 
$
(1,413
)
 
$
(1,198
)
Other Investments
(3,294
)
 
(288
)
 
85

 
$
(4,142
)
 
$
(1,701
)
 
$
(1,113
)
The tables below present total asset information about reported segments as of December 31, 2013 and 2012 and capital expenditures for the years ended December 31, 2013, 2012 and 2011 (in thousands):
 
As of December 31,
 
2013
 
2012
Total assets:
 
 
 
Racing Operations
$
513,345

 
$
502,993

Gaming
535,887

 
382,054

Online Business
186,621

 
184,638

Other Investments
116,408

 
44,652

 
$
1,352,261

 
$
1,114,337

 
Year Ended December 31,
 
2013
 
2012
 
2011
Capital expenditures, net:
 
 
 
 
 
Racing Operations
$
20,184

 
$
14,027

 
$
7,484

Gaming
13,643

 
14,524

 
7,490

Online Business
5,908

 
4,427

 
2,774

Other Investments
9,036

 
8,320

 
4,919

 
$
48,771

 
$
41,298

 
$
22,667

The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” in Note 1. The table below presents information about reported segments for the years ended December 31, 2013, 2012 and 2011 (in thousands): 
 
Year Ended December 31,
 
2013
 
2012
 
2011
Net revenues from external customers:
 
 
 
 
 
Churchill Downs
$
132,845

 
$
124,255

 
$
121,886

Arlington
64,483

 
69,077

 
69,694

Calder
36,264

 
64,566

 
62,715

Fair Grounds
40,677

 
44,190

 
44,625

Total Racing Operations
274,269

 
302,088

 
298,920

Calder Casino
78,951

 
77,864

 
82,819

Fair Grounds Slots
42,156

 
42,881

 
41,553

VSI
35,931

 
35,433

 
35,052

Harlow’s Casino
52,440

 
56,604

 
53,205

Oxford Casino
34,350

 
—

 
—

Riverwalk Casino
53,645

 
10,330

 
—

Total Gaming
297,473

 
223,112

 
212,629

Online Business
184,541

 
183,279

 
165,416

Other Investments
21,899

 
21,785

 
19,563

Corporate
1,143

 
1,032

 
326

Net revenues from external customers
$
779,325

 
$
731,296

 
$
696,854

Intercompany net revenues:
 
 
 
 
 
Churchill Downs
$
6,686

 
$
5,592

 
$
5,088

Arlington
3,395

 
4,712

 
3,725

Calder
1,263

 
1,583

 
2,307

Fair Grounds
1,151

 
1,270

 
1,164

Total Racing Operations
12,495

 
13,157

 
12,284

Online Business
853

 
836

 
786

Other Investments
4,409

 
3,466

 
2,015

Eliminations
(17,757
)
 
(17,459
)
 
(15,085
)
Net revenues
$
—

 
$
—

 
$
—
Reconciliation of Assets from Segment to Consolidated
 
Year Ended December 31,
 
2013
 
2012
 
2011
Reconciliation of segment Adjusted EBITDA to net earnings:
 
 
 
 
 
Racing Operations
$
50,275

 
$
54,357

 
$
47,236

Gaming
80,429

 
64,231

 
58,590

Online Business
49,122

 
44,618

 
40,918

Other Investments
1,011

 
(117
)
 
1,269

Total segment Adjusted EBITDA
180,837

 
163,089

 
148,013

Corporate Adjusted EBITDA
(4,606
)
 
(4,834
)
 
(2,523
)
Insurance recoveries, net of losses
375

 
7,006

 
972

HRE Trust Fund proceeds
4,541

 
—

 
19,258

Share-based compensation expense
(21,482
)
 
(13,993
)
 
(9,730
)
Pre-opening expenses
(3,620
)
 
—

 
—

MVG interest expense, net
(170
)
 
—

 
—

Other charges and recoveries, net
(2,500
)
 
—

 
2,720

Depreciation and amortization
(61,750
)
 
(55,600
)
 
(55,170
)
Interest income (expense), net
(6,119
)
 
(4,441
)
 
(8,456
)
Income tax provision
(30,473
)
 
(33,075
)
 
(34,289
)
Earnings from continuing operations
55,033

 
58,152

 
60,795

Discontinued operations, net of income taxes
(133
)
 
124

 
3,560

Net earnings and comprehensive income
$
54,900

 
$
58,276

 
$
64,355