Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2016 |
Accounting Policies [Abstract] |
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Estimated Retail Value of Promotional Allowance |
The estimated retail value of providing such promotional allowances are as follows (in thousands):
| | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | 2016 | | 2015 | | 2016 | | 2015 | Rooms | $ | 51,222 |
| | $ | 43,842 |
| | $ | 137,656 |
| | $ | 135,411 |
| Food and beverage | 31,555 |
| | 31,944 |
| | 93,425 |
| | 102,150 |
| Entertainment, retail and other | 9,455 |
| | 8,694 |
| | 24,038 |
| | 21,361 |
| | $ | 92,232 |
| | $ | 84,480 |
| | $ | 255,119 |
| | $ | 258,922 |
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Estimated Cost of Promotional Allowances |
The estimated cost of providing such promotional allowances, which is included primarily in casino expenses, is as follows (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | 2016 | | 2015 | | 2016 | | 2015 | Rooms | $ | 16,791 |
| | $ | 13,095 |
| | $ | 41,581 |
| | $ | 38,496 |
| Food and beverage | 28,798 |
| | 26,391 |
| | 80,377 |
| | 81,878 |
| Entertainment, retail and other | 3,696 |
| | 3,161 |
| | 10,542 |
| | 10,791 |
| | $ | 49,285 |
| | $ | 42,647 |
| | $ | 132,500 |
| | $ | 131,165 |
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Schedule of Assets and Liabilities Carried at Fair Value |
The following tables present assets and liabilities carried at fair value (in thousands): | | | | | | | | | | | | | | | | | | | Fair Value Measurements Using: | | September 30, 2016 | | Quoted Market Prices in Active Markets (Level 1) | | Other Observable Inputs (Level 2) | | Unobservable Inputs (Level 3) | Assets: | | | | | | | | Cash equivalents | $ | 478,039 |
| | $ | 1,237 |
| | $ | 476,802 |
| | — |
| Restricted cash | $ | 202,851 |
| | $ | 2,851 |
| | $ | 200,000 |
| | — |
| Available-for-sale securities | $ | 303,545 |
| | — |
| | $ | 303,545 |
| | — |
| | | | | | | | | Liabilities: | | | | | | | | Interest rate swaps | $ | 1,071 |
| | — |
| | $ | 1,071 |
| | — |
| Redemption Note | $ | 1,903,641 |
| | — |
| | $ | 1,903,641 |
| | — |
| | | | | | | | | | | | Fair Value Measurements Using: | | December 31, 2015 | | Quoted Market Prices in Active Markets (Level 1) | | Other Observable Inputs (Level 2) | | Unobservable Inputs (Level 3) | Assets: | | | | | | | | Cash equivalents | $ | 846,281 |
| | $ | 186 |
| | $ | 846,095 |
| | — |
| Restricted cash | $ | 2,060 |
| | $ | 2,060 |
| | — |
| | — |
| Available-for-sale securities | $ | 251,553 |
| | — |
| | $ | 251,553 |
| | — |
| Interest rate swaps | $ | 726 |
| | — |
| | $ | 726 |
| | — |
| | | | | | | | | Liabilities: | | | | | | | | Interest rate swaps | $ | 108 |
| | — |
| | $ | 108 |
| | — |
| Redemption Note | $ | 1,884,402 |
| | — |
| | $ | 1,884,402 |
| | — |
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