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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rooms $ 110,674 $ 111,331 $ 214,043 $ 208,300
Food and beverage 128,441 127,217 254,610 249,450
Other hotel revenue 24,258 23,781 48,874 48,770
Entertainment 35,405 33,886 57,293 51,192
Total revenues 298,778 296,215 574,820 557,712
Operating expenses:        
Rooms 28,359 28,140 56,387 54,121
Food and beverage 68,285 67,998 137,442 136,255
Other hotel expenses 73,388 73,491 147,461 146,179
Management fees, net 6,178 5,501 11,709 10,838
Total hotel operating expenses 176,210 175,130 352,999 347,393
Entertainment 22,113 20,834 38,938 35,530
Corporate 7,589 6,897 15,104 13,868
Preopening costs 494   710  
Depreciation and amortization 27,679 26,409 55,316 55,182
Total operating expenses 234,085 229,270 463,067 451,973
Operating income 64,693 66,945 111,753 105,739
Interest expense (17,155) (16,016) (33,019) (32,055)
Interest income 2,969 3,008 5,917 6,151
Loss from joint ventures (943) (1,058) (1,717) (1,448)
Other gains and (losses), net (1,373) (133) (1,530) (180)
Income before income taxes 48,191 52,746 81,404 78,207
Provision for income taxes (899) (1,415) (1,492) (530)
Net income $ 47,292 $ 51,331 $ 79,912 $ 77,677
Basic income per share $ 0.92 $ 1.01 $ 1.56 $ 1.52
Fully diluted income per share 0.92 1.00 1.56 1.51
Dividends declared per common share $ 0.80 $ 0.75 $ 1.60 $ 1.50
Comprehensive income, net of taxes $ 47,326 $ 51,334 $ 79,957 $ 77,725