2016 Q4 Form 10-K Financial Statement

#000156459017004044 Filed on March 13, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2016 2015 Q4
Revenue $206.5M $892.9M $186.2M
YoY Change 10.9% 24.05% 13.45%
Cost Of Revenue $131.6M $559.5M $116.3M
YoY Change 13.16% 20.76% 9.2%
Gross Profit $74.90M $333.4M $69.80M
YoY Change 7.31% 29.98% 21.18%
Gross Profit Margin 36.28% 37.34% 37.49%
Selling, General & Admin $42.00M $170.8M $24.20M
YoY Change 73.55% 33.33% -31.25%
% of Gross Profit 56.07% 51.23% 34.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.80M $63.40M $14.40M
YoY Change 9.72% 11.42% -2.7%
% of Gross Profit 21.09% 19.02% 20.63%
Operating Expenses $57.80M $234.2M $38.60M
YoY Change 49.74% 26.59% -23.11%
Operating Profit $13.10M $88.70M $13.40M
YoY Change -2.25% 22.14% 107.69%
Interest Expense -$12.50M $50.92M -$12.30M
YoY Change 1.63% -17.29% -30.11%
% of Operating Profit -95.46% 57.4% -91.82%
Other Income/Expense, Net -$51.07M
YoY Change 82.97%
Pretax Income $600.0K $37.63M $36.10M
YoY Change -98.34% -15.84% -450.49%
Income Tax -$400.0K $13.10M -$74.00M
% Of Pretax Income -66.67% 34.82% -204.99%
Net Earnings $961.0K $24.53M $110.2M
YoY Change -99.13% -78.53% -1117.34%
Net Earnings / Revenue 0.47% 2.75% 59.21%
Basic Earnings Per Share $0.02 $0.52
Diluted Earnings Per Share $0.02 $0.51 $2.33
COMMON SHARES
Basic Shares Outstanding 47.11M 47.03M 46.67M
Diluted Shares Outstanding 47.85M 47.70M 47.23M

Balance Sheet

Concept 2016 Q4 2016 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.00M $61.00M $78.00M
YoY Change -21.79% -21.79% -11.36%
Cash & Equivalents $61.03M $61.00M $78.28M
Short-Term Investments
Other Short-Term Assets $14.00M $14.00M $16.00M
YoY Change -12.5% -12.5% 6.67%
Inventory $11.06M $11.00M $12.00M
Prepaid Expenses
Receivables $14.69M $15.00M $9.981M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $101.8M $102.0M $116.0M
YoY Change -12.28% -12.07% -0.85%
LONG-TERM ASSETS
Property, Plant & Equipment $612.3M $613.0M $626.0M
YoY Change -2.18% -2.08% 36.98%
Goodwill $66.83M $66.83M
YoY Change 0.0%
Intangibles $487.5M
YoY Change
Long-Term Investments $1.286M $1.000M $1.286M
YoY Change 0.0% 0.0% -90.81%
Other Assets $11.41M $23.00M $22.00M
YoY Change -48.15% 4.55% -8.33%
Total Long-Term Assets $1.192B $1.192B $1.209B
YoY Change -1.38% -1.41% 14.6%
TOTAL ASSETS
Total Short-Term Assets $101.8M $102.0M $116.0M
Total Long-Term Assets $1.192B $1.192B $1.209B
Total Assets $1.294B $1.294B $1.325B
YoY Change -2.34% -2.34% 13.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.58M $22.00M $17.00M
YoY Change 26.92% 29.41% 41.67%
Accrued Expenses $76.00M $76.00M $84.00M
YoY Change -9.52% -9.52% 9.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.545M $5.000M $5.000M
YoY Change -9.1% 0.0%
Total Short-Term Liabilities $105.9M $102.0M $106.0M
YoY Change -0.1% -3.77% 15.22%
LONG-TERM LIABILITIES
Long-Term Debt $795.9M $796.0M $862.0M
YoY Change -7.67% -7.66% 11.23%
Other Long-Term Liabilities $7.287M $7.000M $8.000M
YoY Change -8.91% -12.5% -11.11%
Total Long-Term Liabilities $803.2M $803.0M $870.0M
YoY Change -7.68% -7.7% 10.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.9M $102.0M $106.0M
Total Long-Term Liabilities $803.2M $803.0M $870.0M
Total Liabilities $998.1M $996.0M $1.054B
YoY Change -5.31% -5.5% 3.33%
SHAREHOLDERS EQUITY
Retained Earnings $122.1M
YoY Change
Common Stock $173.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $296.0M $298.0M $268.5M
YoY Change
Total Liabilities & Shareholders Equity $1.294B $1.294B $1.325B
YoY Change -2.34% -2.34% 13.05%

Cashflow Statement

Concept 2016 Q4 2016 2015 Q4
OPERATING ACTIVITIES
Net Income $961.0K $24.53M $110.2M
YoY Change -99.13% -78.53% -1117.34%
Depreciation, Depletion And Amortization $15.80M $63.40M $14.40M
YoY Change 9.72% 11.42% -2.7%
Cash From Operating Activities $23.10M $95.37M $36.20M
YoY Change -36.19% 70.29% 223.21%
INVESTING ACTIVITIES
Capital Expenditures -$10.30M $43.17M -$12.40M
YoY Change -16.94% 17.44% 106.67%
Acquisitions
YoY Change
Other Investing Activities -$4.300M $1.400M -$68.10M
YoY Change -93.69% -101.15% 2519.23%
Cash From Investing Activities -$14.60M -$41.81M -$80.50M
YoY Change -81.86% -74.03% 825.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $4.250M
YoY Change -99.42%
Cash From Financing Activities 5.000M -73.67M 73.80M
YoY Change -93.22% -179.46% -1330.0%
NET CHANGE
Cash From Operating Activities 23.10M 95.37M 36.20M
Cash From Investing Activities -14.60M -41.81M -80.50M
Cash From Financing Activities 5.000M -73.67M 73.80M
Net Change In Cash 13.50M -20.11M 29.50M
YoY Change -54.24% 63.61% -942.86%
FREE CASH FLOW
Cash From Operating Activities $23.10M $95.37M $36.20M
Capital Expenditures -$10.30M $43.17M -$12.40M
Free Cash Flow $33.40M $52.20M $48.60M
YoY Change -31.28% 171.28% 182.56%

Facts In Submission

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CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12000
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1654000
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2094000
CY2015 eri Capital Expenditure Reimbursed By Racing Commission
CapitalExpenditureReimbursedByRacingCommission
1266000
CY2014 eri Capital Expenditure Reimbursed By Racing Commission
CapitalExpenditureReimbursedByRacingCommission
799000
CY2016 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-659000
CY2015 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-115000
CY2014 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
435000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-41148000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-158754000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
40413000
CY2015 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
375000000
CY2016 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-4250000
CY2015 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
425000000
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
73000000
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
131000000
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2503000
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3183000
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
178000
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1811000
CY2016 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-344000
CY2015 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-14112000
CY2014 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
18063000
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-137000
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
137000
CY2016 eri Accrued And Other Liabilities And Due To Members And Affiliates
AccruedAndOtherLiabilitiesAndDueToMembersAndAffiliates
-9950000
CY2015 eri Accrued And Other Liabilities And Due To Members And Affiliates
AccruedAndOtherLiabilitiesAndDueToMembersAndAffiliates
4677000
CY2014 eri Accrued And Other Liabilities And Due To Members And Affiliates
AccruedAndOtherLiabilitiesAndDueToMembersAndAffiliates
-973000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
97570000
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
56715000
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
31606000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47380000
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36762000
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10564000
CY2015 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1010000
CY2016 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
194000
CY2015 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
125016000
CY2014 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
-48110000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1560000
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
153000
CY2015 us-gaap Decrease In Restricted Cash
DecreaseInRestrictedCash
2500000
CY2014 us-gaap Decrease In Restricted Cash
DecreaseInRestrictedCash
2500000
CY2016 eri Capital Expenditure Reimbursed By Racing Commission
CapitalExpenditureReimbursedByRacingCommission
4207000
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
137500000
CY2015 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
37500000
CY2015 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2125000
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
728664000
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
13525000
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
274000
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
88000
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
225000
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4288000
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
25820000
CY2015 eri Call Premium On Early Repayment Of Debt
CallPremiumOnEarlyRepaymentOfDebt
44090000
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
744000
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
148000
CY2014 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
575000
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
385000
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
245000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-73671000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
92713000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-14228000
CY2016 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-17249000
CY2015 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-9326000
CY2014 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
57791000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
87604000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29813000
CY2016 us-gaap Interest Paid
InterestPaid
47696000
CY2015 us-gaap Interest Paid
InterestPaid
78378000
CY2014 us-gaap Interest Paid
InterestPaid
14848000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
1662000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
1198000
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
360000
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4222000
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
500000
CY2014 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3890000
CY2015 eri Equipment Acquired Under Capital Leases
EquipmentAcquiredUnderCapitalLeases
870000
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:4.86%;">Use of Estimates.<font style="font-weight:normal;font-style:normal;">&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates incorporated into the Company&#8217;s consolidated financial statements include estimated useful lives for depreciable and amortizable assets, estimated allowance for doubtful accounts receivable, estimated cash flows in assessing goodwill and indefinite-lived intangible assets for impairment and the recoverability of long</font><font style="font-weight:normal;font-style:normal;">&#8209;lived assets, self&#8209;insurance reserves, players&#8217; club liabilities, contingencies and litigation, claims and assessments, and fair value measurements related to the Company&#8217;s long&#8209;term debt. Actual results could differ from these estimates.</font></p></div>
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:2pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:4.86%;">Accounts Receivable and Credit Risk.<font style="font-weight:normal;font-style:normal;">&nbsp;&nbsp;</font><font style="font-weight:normal;font-style:normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues markers to approved casino customers following background checks and assessments of creditworthiness. Trade receivables, including casino and hotel receivables, are typically non&#8209;interest bearing. Accounts are written off when management deems the account to be uncollectible. Recoveries of accounts previously written off are recorded when received. An estimated allowance for doubtful accounts is maintained to reduce the Company&#8217;s receivables to their carrying amount, which approximates fair value. The allowance is estimated based on specific review of customer accounts as well as historical collection experience and current economic and business conditions. Management believes that as of December 31, 2016 and 2015, no significant concentrations of credit risk related to receivables existed.</font></p></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.86%;">Certain reclassifications of prior year presentations have been made to conform to the current period presentation.</p></div>
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
54037000
CY2016 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2015 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2014 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2016 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2015 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2014 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
40188000
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2500000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
985202000
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
949963000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
372860000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
324547000
CY2015 eri Depreciation Expense Including Amortization Expense On Capital Leases
DepreciationExpenseIncludingAmortizationExpenseOnCapitalLeases
51000000
CY2014 eri Depreciation Expense Including Amortization Expense On Capital Leases
DepreciationExpenseIncludingAmortizationExpenseOnCapitalLeases
26900000
CY2015 eri Business Acquisitions Weighted Average Diluted Shares Outstanding Pro Forma
BusinessAcquisitionsWeightedAverageDilutedSharesOutstandingProForma
47008980
CY2014 eri Business Acquisitions Weighted Average Diluted Shares Outstanding Pro Forma
BusinessAcquisitionsWeightedAverageDilutedSharesOutstandingProForma
46509008
CY2016Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
15915000
CY2015Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
12055000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1221000
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2074000
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1286000
CY2015Q3 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
5000000
CY2015 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.10
CY2014 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.87
CY2015 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.08
CY2014 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.87
CY2015 eri Business Acquisitions Weighted Average Basic Shares Outstanding Pro Forma
BusinessAcquisitionsWeightedAverageBasicSharesOutstandingProForma
46550042
CY2014 eri Business Acquisitions Weighted Average Basic Shares Outstanding Pro Forma
BusinessAcquisitionsWeightedAverageBasicSharesOutstandingProForma
46426714
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
32080000
CY2016 us-gaap Advertising Expense
AdvertisingExpense
40600000
CY2015 us-gaap Advertising Expense
AdvertisingExpense
31200000
CY2014 us-gaap Advertising Expense
AdvertisingExpense
22000000
CY2016 eri Number Of Geographical Regions
NumberOfGeographicalRegions
3
CY2016 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0
CY2016 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
72500000
CY2016 eri Closing Silver Legacy And Circus Reno Net Working Capital
ClosingSilverLegacyAndCircusRenoNetWorkingCapital
8200000
CY2015Q4 us-gaap Goodwill
Goodwill
0
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
23740000
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
183033000
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
6000000
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
10809000
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
223582000
CY2016 us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
1300000
CY2015 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
901455000
CY2014 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
908415000
CY2015 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
97783000
CY2014 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
40552000
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
499574000
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
499574000
CY2016Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
906000
CY2015Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
906000
CY2016Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
9214000
CY2015Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6048000
CY2016Q4 eri Accrued Insurance And Medical Claims Current
AccruedInsuranceAndMedicalClaimsCurrent
3228000
CY2015Q4 eri Accrued Insurance And Medical Claims Current
AccruedInsuranceAndMedicalClaimsCurrent
3472000
CY2016Q4 eri Unclaimed Chips Current
UnclaimedChipsCurrent
1946000
CY2015Q4 eri Unclaimed Chips Current
UnclaimedChipsCurrent
2320000
CY2016Q4 eri Accrued Purses And Track Related Liabilities
AccruedPursesAndTrackRelatedLiabilities
1007000
CY2016Q4 eri Progressive Slot Liability And Accrued Gaming Promotions Current
ProgressiveSlotLiabilityAndAccruedGamingPromotionsCurrent
6678000
CY2015Q4 eri Accrued Purses And Track Related Liabilities
AccruedPursesAndTrackRelatedLiabilities
3758000
CY2015Q4 eri Progressive Slot Liability And Accrued Gaming Promotions Current
ProgressiveSlotLiabilityAndAccruedGamingPromotionsCurrent
5837000
CY2016Q4 eri Accrued Players Point Liabilities Current
AccruedPlayersPointLiabilitiesCurrent
2989000
CY2015Q4 eri Accrued Players Point Liabilities Current
AccruedPlayersPointLiabilitiesCurrent
3434000
CY2016Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
4005000
CY2015Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
1911000
CY2016Q4 eri Accrued Other Current
AccruedOtherCurrent
7795000
CY2015Q4 eri Accrued Other Current
AccruedOtherCurrent
11066000
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
543000
CY2015Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
817000
CY2015Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
25800000
CY2016 eri Amortization Of Debt Issuance Costs And Discount
AmortizationOfDebtIssuanceCostsAndDiscount
3500000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4545000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4498000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4250000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
33250000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4250000
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
772375000
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
823168000
CY2016Q4 eri Debt Instrument Covenant Maximum Leverage Ratio For Year One
DebtInstrumentCovenantMaximumLeverageRatioForYearOne
6.00
CY2016Q4 eri Debt Instrument Covenant Maximum Leverage Ratio After Year One
DebtInstrumentCovenantMaximumLeverageRatioAfterYearOne
5.00
CY2016 eri Debt Instrument Covenant Minimum Interest Coverage Ratio For Year One
DebtInstrumentCovenantMinimumInterestCoverageRatioForYearOne
2.75
CY2016 eri Debt Instrument Covenant Minimum Interest Coverage Ratio After Year One
DebtInstrumentCovenantMinimumInterestCoverageRatioAfterYearOne
3.00
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-12000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-29000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10000
CY2016 eri Current State Tax Expense Benefit
CurrentStateTaxExpenseBenefit
1173000
CY2015 eri Current State Tax Expense Benefit
CurrentStateTaxExpenseBenefit
665000
CY2014 eri Current State Tax Expense Benefit
CurrentStateTaxExpenseBenefit
120000
CY2016 eri Current Local Tax Expense Benefit
CurrentLocalTaxExpenseBenefit
739000
CY2015 eri Current Local Tax Expense Benefit
CurrentLocalTaxExpenseBenefit
557000
CY2014 eri Current Local Tax Expense Benefit
CurrentLocalTaxExpenseBenefit
55000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1900000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1193000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
185000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12881000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-68103000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
846000
CY2016 eri Deferred State Income Tax Expense Benefit
DeferredStateIncomeTaxExpenseBenefit
-1448000
CY2015 eri Deferred State Income Tax Expense Benefit
DeferredStateIncomeTaxExpenseBenefit
-2691000
CY2014 eri Deferred State Income Tax Expense Benefit
DeferredStateIncomeTaxExpenseBenefit
711000
CY2016 eri Deferred Local Income Tax Expense Benefit
DeferredLocalIncomeTaxExpenseBenefit
-89000
CY2015 eri Deferred Local Income Tax Expense Benefit
DeferredLocalIncomeTaxExpenseBenefit
21000
CY2014 eri Deferred Local Income Tax Expense Benefit
DeferredLocalIncomeTaxExpenseBenefit
26000
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.010
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.044
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
-0.033
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.020
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.015
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.004
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.036
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.036
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1.805
CY2015Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1906000
CY2016Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
2742000
CY2015Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
2008000
CY2016Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
2804000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.773
CY2016 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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0.001
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1400000
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Utilization of net operating loss, credit, and other carryforwards are subject to annual limitations due to ownership changes as provided by the Internal Revenue Code of 1986, as amended and similar state provisions. An ownership change is defined as a greater than 50% change in ownership by 5% stockholders in any threeyear period. Under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, the Company had a “change in ownership” event that limits the utilization of net operating loss, credit, and other carryforwards that were previously available to MTR Gaming Group to offset future taxable income. The “change in ownership” event occurred on September 19, 2014 in connection with the merger with MTR Gaming Group. This limitation resulted in no significant loss of federal attributes, but did result in significant loss of state attributes. The federal and state net operating loss credit and other carryforwards are stated net of limitations.
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CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-10834000
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.23
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23311492
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23311492
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
26075022
CY2014Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
46441249

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