Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

Segment Information

Schedule of information with respect to the Company's segments

Three months ended March 31,		2018		2017
Net Revenues
Northeast	$	414,167	$	393,465
South/West		161,296		139,820
Midwest		230,086		228,338
Other (1)		10,536		14,601
Total Reportable Segment Net Revenues		816,085		776,224
Adjusted EBITDA
Northeast		132,007		126,574
South/West		45,049		36,341
Midwest		81,155		78,106
Other (1)		(15,665)		(13,576)
Total Reportable Segment Adjusted EBITDA		242,546		227,445
Other operating costs and other expenses (income)
Depreciation and amortization		60,390		70,236
Unconsolidated non-operating costs - Kansas JV		1,294		1,951
Interest expense		115,740		114,996
Interest income		(249)		(2,646)
Loss (gain) on disposal of assets		55		(45)
Impairment losses		618		—
Cash-settled stock award variance		(7,462)		5,164
Pre-opening and significant transaction costs		6,093		571
Loss on early extinguishment of debt and modification costs		882		23,390
Other		(4)		1,793
Contingent purchase price		1,134		2,560
Charge for stock compensation		2,929		2,173
Income before income taxes		61,126		7,302
Income taxes		15,689		2,198
Net income	$	45,437	$	5,104

		Northeast		South/West		Midwest		Other (1)		Total
Three months ended  March 31, 2018
Capital expenditures	$	3,487	$	3,412	$	3,732	$	1,182	$	11,813
Three months ended  March 31, 2017
Capital expenditures	$	3,990	$	8,622	$	4,331	$	213	$	17,156
Balance sheet at March 31, 2018
Total assets (1)	$	813,232	$	783,634	$	1,081,046	$	2,487,621	$	5,165,533
Investment in and advances to unconsolidated affiliates		105		—		87,610		59,943		147,658
Goodwill		21,242		244,695		674,558		67,602		1,008,097
Other intangible assets, net		353,143		978		100,798		14,659		469,578
Balance sheet at December 31, 2017
Total assets (1)	$	821,649	$	794,274	$	1,070,204	$	2,548,685	$	5,234,812
Investment in and advances to unconsolidated affiliates		102		—		88,296		60,514		148,912
Goodwill		21,242		244,695		674,558		67,602		1,008,097
Other intangible assets, net		303,043		1,623		101,698		16,242		422,606

(1) Total assets include the real property assets under the Master Lease with GLPI. Net revenues and adjusted EBITDA relate to the Company’s stand-alone racing operations, namely Sanford Orlando Kennel Club and the Company’s joint venture interests in Texas and New Jersey which do not have gaming operations. Other also includes corporate overhead operations as well as Penn Interactive Ventures, which is a wholly-owned subsidiary that is focused on the Company’s interactive gaming strategy.