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Condensed Consolidated Statements Of Net Earnings (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net revenues:        
Racing $ 148,205 $ 147,440 $ 179,833 $ 180,453
Gaming 49,459 35,848 108,546 69,596
Online 46,526 29,847 83,329 48,142
Other 5,496 2,260 9,532 2,367
Net revenues 249,686 215,395 381,240 300,558
Operating expenses:        
Racing 91,090 96,770 136,675 142,835
Gaming 38,237 31,617 79,639 60,524
Online 28,851 20,912 55,216 33,392
Other 5,732 2,154 10,783 2,611
Selling, general and administrative expenses 18,301 15,617 34,305 28,656
Operating income 67,475 48,325 64,622 32,540
Other income (expense):        
Interest income 56 17 124 128
Interest expense (3,461) (1,420) (5,921) (2,678)
Equity in earnings (loss) of unconsolidated investments 460 (290) 44 153
Miscellaneous, net 3,158 359 3,615 653
Total other income (expense) 213 (1,334) (2,138) (1,744)
Earnings from continuing operations before provision for income taxes 67,688 46,991 62,484 30,796
Income tax provision (27,698) (18,722) (25,680) (10,671)
Earnings from continuing operations 39,990 28,269 36,804 20,125
Discontinued operations, net of income taxes:        
(Loss) earnings from operations 0 (664) 1 (1,188)
Gain on sale of assets 157 0 157 0
Net earnings $ 40,147 $ 27,605 $ 36,962 $ 18,937
Net earnings per common share data:        
Earnings from continuing operations $ 2.38 $ 1.90 $ 2.19 $ 1.39
Discontinued operations $ 0.01 $ (0.05) $ 0.01 $ (0.08)
Net earnings $ 2.39 $ 1.85 $ 2.20 $ 1.31
Diluted        
Earnings from continuing operations $ 2.36 $ 1.90 $ 2.18 $ 1.39
Discontinued operations $ 0.01 $ (0.05) $ 0.01 $ (0.08)
Net earnings $ 2.37 $ 1.85 $ 2.19 $ 1.31
Weighted average shares outstanding        
Basic 16,444 14,440 16,401 14,027
Diluted 16,935 14,895 16,899 14,490