Business Segments | Business Segments As of June 30, 2015 , we had three reporting segments: company operated hotels, franchised hotels and entertainment. The “other” segment consists of miscellaneous revenues and expenses, cash and cash equivalents, certain receivables and certain property and equipment which are not specifically associated with an operating segment. Management reviews and evaluates the operating segments exclusive of interest expense and income taxes; therefore, those two items have not been allocated to the segments. All balances have been presented after the elimination of inter-segment and intra-segment revenues and expenses. Selected financial information is provided below (in thousands): Three months ended June 30, 2015 Company Operated Hotels Franchised Hotels Entertainment Other Total Revenue $ 31,312 $ 3,229 $ 2,060 $ 12 $ 36,613 Segment operating expenses $ 23,182 $ 3,031 $ 2,249 $ 9 $ 28,471 Depreciation and amortization 2,773 168 62 141 3,144 Other expenses 1,506 — — 2,800 4,306 Operating income (loss) 3,851 30 (251 ) (2,938 ) 692 Interest expense (1,006 ) — — (732 ) (1,738 ) Other income (25 ) 8 — 52 35 Income tax expense — — — 25 25 Net Income (loss) 2,820 38 (251 ) (3,593 ) (986 ) Less net (income) loss attributable to noncontrolling interest (936 ) — — — (936 ) Net income (loss) attributable to RLHC $ 1,884 $ 38 $ (251 ) $ (3,593 ) $ (1,922 ) Capital expenditures $ 4,848 $ 8 $ — $ 814 $ 5,670 Identifiable assets as of June 30, 2015 $ 258,485 $ 21,213 $ 5,857 $ 9,494 $ 295,049 Three months ended June 30, 2014 Company Operated Hotels Franchise Hotels Entertainment Other Total Revenue $ 31,399 $ 4,453 $ 5,538 $ 18 $ 41,408 Segment operating expenses $ 25,236 $ 2,056 $ 4,797 $ 51 $ 32,140 Depreciation and amortization 2,823 13 83 263 3,182 Other expenses (2,233 ) — — 2,066 (167 ) Operating income (loss) 5,573 2,384 658 (2,362 ) 6,253 Interest expense — — — (1,178 ) (1,178 ) Other income — 1 17 46 64 Income (loss) from continuing operations 5,573 2,385 675 (3,494 ) 5,139 Discontinued operations (1 ) — — — (1 ) Net income (loss) attributable to RLHC $ 5,572 $ 2,385 $ 675 $ (3,494 ) $ 5,138 Capital expenditures $ 1,858 $ 7 $ 23 $ 355 $ 2,243 Identifiable assets as of December 31, 2014 $ 190,332 $ 9,807 $ 6,161 $ 16,727 $ 223,027 Six months ended June 30, 2015 Company Operated Hotels Franchised Hotels Entertainment Other Total Revenue $ 55,247 $ 5,322 $ 5,736 $ 23 $ 66,328 Segment operating expenses $ 44,266 $ 5,407 $ 5,375 $ 17 $ 55,065 Depreciation and amortization 5,534 179 136 270 6,119 Other expenses (13,384 ) — — 5,202 (8,182 ) Operating income (loss) 18,831 (264 ) 225 (5,466 ) 13,326 Interest expense (1,726 ) — — (1,514 ) (3,240 ) Loss on early retirement of debt — — — (1,159 ) (1,159 ) Other income (25 ) 10 47 274 306 Income tax expense — — — (87 ) (87 ) Net Income (loss) 17,080 (254 ) 272 (7,952 ) 9,146 Less net (income) loss attributable to noncontrolling interest (906 ) — — — (906 ) Net income (loss) attributable to RLHC $ 16,174 $ (254 ) $ 272 $ (7,952 ) $ 8,240 Capital expenditures $ 6,577 $ 8 $ 88 $ 1,109 $ 7,782 Identifiable assets as of June 30, 2015 $ 258,485 $ 21,213 $ 5,857 $ 9,494 $ 295,049 Six months ended June 30, 2014 Company Operated Hotels Franchise Hotels Entertainment Other Total Revenue $ 57,323 $ 5,978 $ 10,644 $ 51 $ 73,996 Segment operating expenses $ 48,050 $ 3,498 $ 8,854 $ 165 $ 60,567 Depreciation and amortization 5,692 25 167 441 6,325 Other expenses (1,154 ) 4,180 3,026 Operating income (loss) 4,735 2,455 1,623 (4,735 ) 4,078 Interest expense — — — (2,396 ) (2,396 ) Other income — 1 17 140 158 Income tax (expense) benefit — — — (31 ) (31 ) Income (loss) from continuing operations 4,735 2,456 1,640 (7,022 ) 1,809 Discontinued operations (1 ) — — (188 ) (189 ) Net income (loss) attributable to RLHC $ 4,734 $ 2,456 $ 1,640 $ (7,210 ) $ 1,620 Capital expenditures $ 5,180 $ 17 $ 162 $ (12 ) $ 5,347 Identifiable assets as of December 31, 2014 $ 190,332 $ 9,807 $ 6,161 $ 16,727 $ 223,027 |