Business Segment Information

12 Months Ended

Dec. 31, 2020

Business Segment Information

Business Segment Information

14. Business Segment Information

The Company evaluates performance and allocates resources based on the operating income (loss) of each segment. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies.

Following is a summary of business segment information for fiscal 2020, fiscal 2019 and fiscal 2018:

			Hotels/		Corporate
	Theatres		Resorts		Items		Total
	(in thousands)
Fiscal 2020
Revenues	$	132,624	$	104,638	$	426	$	237,688
Operating loss		(121,429)		(43,885)		(13,108)		(178,422)
Depreciation and amortization		53,460		21,096		496		75,052
Assets		871,655		309,320		73,203		1,254,178
Capital expenditures and acquisitions		15,828		4,669		866		21,363
Fiscal 2019
Revenues	$	557,080	$	263,350	$	433	$	820,863
Operating income (loss)		76,903		10,050		(18,762)		68,191
Depreciation and amortization		51,202		20,430		645		72,277
Assets		953,299		337,206		68,681		1,359,186
Capital expenditures and acquisitions		61,604		31,783		780		94,167
Fiscal 2018
Revenues	$	446,804	$	259,892	$	424	$	707,120
Operating income (loss)		88,790		12,480		(18,081)		83,189
Depreciation and amortization		38,760		22,229		353		61,342
Assets		624,512		306,162		58,657		989,331
Capital expenditures and acquisitions		43,568		14,931		161		58,660

Corporate items include amounts not allocable to the business segments. Corporate revenues consist principally of rent and the corporate operating loss includes general corporate expenses. Corporate information technology costs and accounting shared services costs are allocated to the business segments based upon several factors, including actual usage and segment revenues. Corporate assets primarily include cash and cash equivalents, furniture, fixtures and equipment, investments and land held for development.