Subsequent Events (Notes)

6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 15 — SUBSEQUENT EVENTS

Retirement of the Executive Chairman of the Board of Directors

On July 14, 2015, the Company's Executive Chairman of the Board of Directors and former Chief Executive Officer, Robert L. Evans, announced his retirement as Executive Chairman, effective September 30, 2015. Mr. Evans will continue with the Company as the non-executive Chairman of the Board. In conjunction with Mr. Evans' retirement, the Company amended his previous Change in Control, Severance, and Indemnity Agreement and upon his retirement, Mr. Evans will receive a 2015 annual bonus award of $0.6 million. In addition, the Company will accelerate vesting on 29,218 shares of restricted stock which were previously awarded. The Company will record compensation expense of $1.3 million during the three months ended September 30, 2015 for the acceleration of the restricted stock awards.

Calder Grandstand Demolition

On July 28, 2015, the Board of Directors of the Company approved a plan to demolish the Calder grandstand and recognize impairment expense equal to the net book value of the property.  The Company expects to obtain operational efficiencies as a result of the demolition including savings in property taxes, repair and maintenance, utilities, permitting and environmental maintenance expenditures.

Under the approved plan, the Company will record an impairment charge of approximately $12.4 million during the three months ended September 30, 2015 to reduce the net book value of the grandstand assets to zero.  In addition, the Company expects to incur demolition costs of approximately $3.6 million, which will be expensed as incurred.  The Company expects to recognize such expense beginning in the fourth quarter of 2015 and continuing through the third quarter of 2016.