| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Operating Activities: | ||||||
Net income | ||||||
2,718 | 5,718 | 4,090 | 4,195 | 2,727 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation | ||||||
2,679 | 2,563 | 2,529 | 2,547 | 2,297 | ||
Stock appreciation rights | ||||||
- | - | - | - | 141 | ||
Stock-based compensation expense | ||||||
235 | 345 | 351 | 314 | 284 | ||
Stock-based employee match contribution | ||||||
688 | 525 | 487 | 371 | - | ||
Deferred income taxes | ||||||
-434 | -968 | 1,355 | -2,015 | -383 | ||
Loss from equity investment | ||||||
-2 | - | - | - | - | ||
Loss on disposal of assets | ||||||
-261 | -120 | - | - | - | ||
Gain on insurance recoveries | ||||||
198 | 21 | 140 | 1,464 | 495 | ||
Tax expense from exercise of stock-based awards | ||||||
- | - | - | -79 | 4 | ||
Loss (Gain) on disposal of assets | ||||||
- | - | -2 | 3,868 | 1,006 | ||
Gain on sale of assets | ||||||
12 | 129 | - | - | - | ||
Gain on transfer of land | ||||||
- | 2,241 | - | - | - | ||
Changes in operating assets and liabilities: | ||||||
Restricted cash | ||||||
- | - | 1,147 | 426 | 493 | ||
Increase in accounts receivable | ||||||
60 | -24 | -171 | 280 | -36 | ||
Decrease (increase) in other current assets | ||||||
-30 | 97 | 134 | 69 | -255 | ||
Increase (decrease) in income taxes receivable/payable | ||||||
-537 | 420 | -515 | 156 | 739 | ||
Decrease in operating lease right-of-use assets | ||||||
28 | - | - | - | - | ||
Decrease in operating lease liabilities | ||||||
28 | - | - | - | - | ||
Increase in accounts payable | ||||||
-1,364 | -133 | - | - | - | ||
Decrease in deferred revenue | ||||||
502 | 184 | - | - | - | ||
Increase in deferred revenue | ||||||
- | - | 336 | 177 | - | ||
(Decrease) increase in Card Casino accruals | ||||||
426 | -1,190 | 699 | 814 | 357 | ||
Decrease in accrued wages and payroll taxes | ||||||
-13 | -22 | - | - | - | ||
Decrease in accrued wages and payroll taxes | ||||||
- | - | 2 | 405 | 666 | ||
Decrease in accrued wages and payroll taxes | ||||||
- | - | 256 | 322 | - | ||
Increase in accrued property taxes | ||||||
18 | 64 | 4 | 220 | 58 | ||
Increase in payable to horsepersons | ||||||
-148 | 75 | - | - | - | ||
Due to (from) MHBPA | ||||||
- | - | 418 | -261 | - | ||
Net cash provided by operating activities | ||||||
6,737 | 6,332 | 7,086 | 4,941 | - | ||
Net cash provided by operating activities | ||||||
- | - | - | - | 4,429 | ||
Investing Activities: | ||||||
Additions to land, buildings, and equipment | ||||||
15,165 | 5,501 | 3,781 | 4,431 | 4,341 | ||
Issuance of related party note receivable | ||||||
-320 | -3,208 | -2 | 5 | -40 | ||
Decrease in notes receivable | ||||||
-2,142 | -1,048 | - | - | - | ||
Proceeds from sale of assets | ||||||
- | - | - | 22 | 99 | ||
Proceeds from insurance recoveries | ||||||
204 | 1,033 | - | 592 | 495 | ||
Proceeds from sale of investments | ||||||
-102 | 0 | - | - | - | ||
Purchase of investments | ||||||
- | - | 0 | 0 | 0 | ||
Net cash used in investing activities | ||||||
-13,036 | -6,628 | -3,782 | -3,817 | - | ||
Net cash used in investing activities | ||||||
- | - | - | - | -4,007 | ||
Financing Activities: | ||||||
Proceeds from issuance of common stock | ||||||
383 | 686 | 246 | 155 | 141 | ||
Payments against line of credit | ||||||
5,932 | - | - | - | - | ||
Borrowings on line of credit | ||||||
5,932 | - | - | - | - | ||
Cash dividend paid to shareholders | ||||||
1,281 | 1,206 | 961 | 1,287 | 1,055 | ||
Payments for taxes related to net share settlement of equity awards | ||||||
54 | - | - | - | - | ||
Principal payments on finance lease | ||||||
25 | 5 | - | - | - | ||
Principle payments on capital lease | ||||||
- | - | - | 1,887 | - | ||
Tax benefit (expense) from exercise of stock-based awards | ||||||
- | - | - | -79 | 4 | ||
Net cash used in financing activities | ||||||
-977 | -525 | -714 | -3,099 | - | ||
Net decrease in cash, cash equivalents, and restricted cash | ||||||
-7,276 | -821 | - | - | - | ||
Net cash used in financing activities | ||||||
- | - | - | - | -909 | ||
Net increase (decrease) in cash and cash equivalents | ||||||
- | - | 2,589 | -1,975 | -487 | ||
Schedule of non-cash investing and financing activities | ||||||
Additions to buildings and equipment funded through accounts payable | ||||||
1,272 | 867 | - | - | - | ||
Transfer of future TIF reimbursed costs from PP&E | ||||||
7,801 | 1,908 | - | - | - | ||
ROU assets obtained in exchange for operating lease obligations | ||||||
104 | 127 | - | - | - | ||
Additions to buildings and equipment funded through accounts payable | ||||||
- | - | 333 | - | 131 | ||
Additions to land funded by capital lease borrowings | ||||||
- | - | - | - | 3,178 | ||
Purchase of land through qualified intermediary | ||||||
- | - | - | - | 4,881 | ||
Cancellation of stock appreciation rights | ||||||
- | - | - | - | 641 | ||
Expiration of buyback option on land | ||||||
- | 110 | - | - | - | ||
Equipment acquired through capital lease agreements | ||||||
- | - | - | - | 260 | ||
Transfer of assets to Doran Canterbury I | ||||||
- | 754 | - | - | - | ||
Issuance of promissory notes receivable | ||||||
- | - | - | 3,191 | - | ||
Stock-based emoloyee match contribution | ||||||
- | - | 487 | 371 | - | ||
Proceeds from land sale remitted to qualified intermediary | ||||||
- | - | - | 1,051 | 1,459 | ||
Payment for purchase of land remitted from qualified intermediary | ||||||
- | - | - | 1,051 | 1,442 | ||
Receivable from qualified intermediary | ||||||
- | - | - | - | 16 | ||
Supplemental disclosure of cash flow information: | ||||||
Income taxes paid | ||||||
740 | 1,356 | 1,320 | 1,145 | 1,930 | ||
Interest paid | ||||||
42 | 12 | - | 51 | - | ||
Interest paid | ||||||
- | - | - | - | 0 | ||