XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rooms $ 101,085 $ 92,828 $ 309,385 $ 292,089
Food and beverage 113,100 108,558 362,550 345,931
Other hotel revenue 26,834 23,456 75,604 69,111
Entertainment 30,701 27,978 81,893 72,873
Total revenues 271,720 252,820 829,432 780,004
Operating expenses:        
Rooms 28,371 27,347 82,492 80,216
Food and beverage 64,790 63,797 201,045 193,661
Other hotel expenses 73,331 70,108 219,510 210,513
Management fees, net 4,408 3,213 15,246 10,516
Total hotel operating expenses 170,900 164,465 518,293 494,906
Entertainment 19,100 18,954 54,630 48,775
Corporate 8,447 8,017 22,315 21,384
Preopening costs   118   909
Impairment and other charges       2,890
Depreciation and amortization 26,706 28,498 81,888 85,467
Total operating expenses 225,153 220,052 677,126 654,331
Operating income 46,567 32,768 152,306 125,673
Interest expense (15,947) (16,138) (48,002) (47,765)
Interest income 2,965 2,982 9,116 9,383
Loss from joint ventures (638)   (2,086)  
Other gains and (losses), net 2,468 2,467 2,288 (18,104)
Income before income taxes 35,415 22,079 113,622 69,187
(Provision) benefit for income taxes (1,822) 4,612 (2,352) 3,425
Net income $ 33,593 $ 26,691 $ 111,270 $ 72,612
Basic income per share $ 0.66 $ 0.52 $ 2.18 $ 1.42
Fully diluted income per share 0.66 0.52 2.17 1.41
Dividends declared per common share $ 0.75 $ 0.70 $ 2.25 $ 2.00
Comprehensive income, net of taxes $ 29,979 $ 26,364 $ 107,704 $ 72,381