Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of New Accounting Pronouncements and Changes in Accounting Principles



	December 31, 2017
	As Previously Reported		Adoption of Topic 606			As Adjusted
Statement of Income	(in thousands, except per share amounts)
Total revenues	$	1,007,356	$	(66,059	)	$	941,297
Total operating expenses	742,891		(90,990		)	651,901
Income before income taxes	223,997		25,220			249,217
Income taxes	109,104		17,786			126,890
Net income	114,893		7,434			122,327
Diluted earnings per share	2.02		0.13			2.15



	December 31, 2016
	As Previously Reported		Adoption of Topic 606			As Adjusted
Statement of Income	(in thousands, except per share amounts)
Total revenues	$	924,641	$	(116,732	)	$	807,909
Total operating expenses	686,149		(64,668		)	621,481
Income before income taxes	199,980		(51,840		)	148,140
Income taxes	60,609		(19,181		)	41,428
Net income	139,371		(32,659		)	106,712
Diluted earnings per share	2.46		(0.57		)	1.89



	December 31, 2017
	As Previously Reported ⁽¹⁾⁽²⁾		Adoption of Topic 606			As Adjusted
Balance Sheet	(in thousands)
Receivables (net of allowance for doubtful accounts)	$	125,452	$	418		$	125,870
Current notes receivable, net of allowances	13,904		(648		)	13,256
Other current assets	28,241		(2,274		)	25,967
Intangible assets, net	14,672		85,820			100,492
Notes receivable, net of allowances	147,993		(67,857		)	80,136
Deferred income tax asset	13,335		13,889			27,224
Other assets	29,479		38,236			67,715
Accounts payable⁽¹⁾	67,839		—			67,839
Accrued expenses and other current liabilities⁽¹⁾	84,315		—			84,315
Current deferred revenue⁽²⁾	13,190		38,952			52,142
Current liability for guest loyalty program⁽²⁾	79,183		(60		)	79,123
Deferred revenue⁽¹⁾⁽²⁾	18,335		80,124			98,459
Liability for guest loyalty program⁽²⁾	48,738		(37		)	48,701
Other liabilities⁽¹⁾⁽²⁾	46,939		(4,896		)	42,043
Retained earnings	673,771		(46,499		)	627,272

(1) The Company performed reclassifications of certain payroll taxes from Accrued expenses and other current liabilities to Accounts payable totaling $4.3 million, and the entirety of Income taxes payable to Accrued expenses and other current liabilities totaling $2.8 million. In addition, $4.3 million was reclassified from Other liabilities to Deferred revenue.

(2) As a result of the adoption of Topic 606 and in accordance with reporting requirements, the Company performed revisions to the presentation within Total liabilities in the consolidated balance sheet to add non-current Deferred revenue and current and non-current Liability for guest loyalty program line items. Amounts originally captured in current Deferred revenue and Other liabilities have been reclassified to the new line items in the table above.