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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 613,290 $ 504,843 $ 1,141,635 $ 996,562
Operating expenses:        
Total hotel operating expenses 316,649 267,306 625,704 542,800
Entertainment 59,560 57,088 112,147 108,522
Corporate 9,402 9,885 21,356 20,479
Preopening costs 1,055 67 2,491 257
Gain on sale of assets     (270)  
Depreciation and amortization 58,553 48,257 115,755 96,614
Total operating expenses 445,219 382,603 877,183 768,672
Operating income 168,071 122,240 264,452 227,890
Interest expense (56,577) (49,179) (117,020) (91,707)
Interest income 7,064 5,318 14,586 7,865
Loss on extinguishment of debt (1,797) (2,252) (2,319) (2,252)
Income (loss) from unconsolidated joint ventures 183 (2,153) 215 (4,959)
Other gains and (losses), net (4) (287) 317 (523)
Income before income taxes 116,940 73,687 160,231 136,314
Provision for income taxes (12,200) (3,544) (12,730) (5,177)
Net income 104,740 70,143 147,501 131,137
Net income attributable to noncontrolling interest in consolidated joint venture (3,270) (3,134) (2,691) (2,371)
Net income attributable to noncontrolling interest in Operating Partnership (665) (466) (949) (903)
Net income available to common stockholders $ 100,805 $ 66,543 $ 143,861 $ 127,863
Basic income per share available to common stockholders $ 1.68 $ 1.18 $ 2.41 $ 2.29
Diluted income per share available to common stockholders $ 1.65 $ 1.15 $ 2.31 $ 2.17
Rooms [Member]        
Revenues:        
Total revenues $ 199,497 $ 168,492 $ 373,130 $ 329,743
Operating expenses:        
Total hotel operating expenses 45,062 40,272 89,163 82,331
Food and Beverage [Member]        
Revenues:        
Total revenues 259,386 197,908 494,469 413,712
Operating expenses:        
Total hotel operating expenses 132,369 107,026 260,548 222,207
Hotel, Other [Member]        
Revenues:        
Total revenues 60,204 51,285 112,958 98,669
Operating expenses:        
Total hotel operating expenses 117,769 104,590 236,582 207,649
Management Service [Member]        
Operating expenses:        
Total hotel operating expenses 21,449 15,418 39,411 30,613
Entertainment Segment [Member]        
Revenues:        
Total revenues $ 94,203 $ 87,158 $ 161,078 $ 154,438