XML 23 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
RIVIERA BLACK HAWK ACQUISITION (Details) (USD $)
3 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Apr. 26, 2012
Riviera Black Hawk
Dec. 31, 2013
Riviera Black Hawk
Dec. 31, 2012
Riviera Black Hawk
Dec. 31, 2011
Riviera Black Hawk
Sep. 29, 2011
Riviera Black Hawk
Apr. 26, 2012
Riviera Black Hawk
Customer list
Apr. 26, 2012
Riviera Black Hawk
Trade name
Apr. 26, 2012
Riviera Black Hawk
Land
Apr. 26, 2012
Riviera Black Hawk
Site improvements
Apr. 26, 2012
Riviera Black Hawk
Building improvements
Apr. 26, 2012
Riviera Black Hawk
Furniture and equipment
Apr. 26, 2012
Riviera Black Hawk
Second Amended and Restated Credit Agreement
RIVIERA BLACK HAWK ACQUISITION                                              
Acquisition deposit                     $ 3,800,000       $ 3,800,000                
Purchase Price                               76,000,000              
Payment of purchase price, net of deposit                       72,200,000                      
Net working capital available after payment of indebtedness                       2,100,000                      
Amount borrowed under acquisition                   77,760,000 15,180,000                       72,300,000
Amount of purchase price escrowed to secure Seller's indemnification obligations                       2,280,000                      
Period for which purchase price is escrowed                       1 year                      
Consideration                                              
Cash consideration                       75,885,000                      
Liabilities assumed by the Company                       3,505,000                      
Working capital adjustment                       604,000                      
Total consideration                       79,994,000                      
Tangible Assets:                                              
Current assets                       6,241,000                      
Total tangible assets                       35,908,000             8,700,000 30,000 15,200,000 5,737,000  
Intangible Assets:                                              
Amount of goodwill recorded 25,110,810       25,110,810       25,110,810 25,110,810   25,110,000 25,100,000                    
Total intangible assets                       37,190,000         10,490,000 1,590,000          
Deferred tax asset                       6,896,000                      
Total assets                       79,994,000                      
Acquisition cost                   2,155,521 973,607   0 2,200,000 1,000,000                
Net revenue and operating income included in the entity's consolidated income statement                                              
Net revenues 44,504,140 48,989,479 49,651,094 45,604,637 41,903,782 46,028,226 42,471,150 32,899,260 188,749,350 163,302,418 134,529,379     29,678,000                  
Income from operations 4,162,787 8,939,070 10,168,469 7,184,908 2,868,688 6,877,762 3,384,433 2,852,275 30,455,234 15,983,158 9,770,235     6,350,000                  
Pro forma (unaudited) consolidated results of operations                                              
Net revenues                           183,043,000 180,185,000                
Income from operations                           17,516,000 15,919,000                
Net income                           $ 9,542,000 $ 8,499,000                
Basic earnings per share (in dollars per share)                           $ 0.59 $ 0.53                
Diluted earnings per share (in dollars per share)                           $ 0.59 $ 0.52