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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of property and equipment stated at cost, less accumulated depreciation and amortization

 

 

Land improvements

 

15-40 years

 

Buildings

 

30-40 years

 

Building improvements

 

15-40 years

 

Furniture

 

5-10 years

 

Equipment

 

3-20 years

 

 

Schedule of promotional allowance included in casino costs and expenses

 

 

 

 

Years ended December 31,

 

 

 

2012

 

2011

 

2010

 

Food and beverage

 

$

20,464,456

 

$

16,244,303

 

$

15,878,288

 

Hotel

 

2,850,105

 

2,328,566

 

2,276,414

 

Other

 

1,856,992

 

1,696,485

 

1,505,020

 

 

 

$

25,171,553

 

$

20,269,354

 

$

19,659,722

 

 

Schedule of reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (shares in thousands):

 

 

 

Years ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

Shares

 

Per Share
Amount

 

Shares

 

Per Share
Amount

 

Shares

 

Per Share
Amount

 

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

16,140

 

$

0.55

 

16,138

 

$

0.35

 

16,131

 

$

0.51

 

Effect of dilutive stock options

 

110

 

 

93

 

 

75

 

 

Diluted

 

16,250

 

$

0.55

 

16,231

 

$

0.35

 

16,206

 

$

0.51

 

 

Schedule of options, not included in the computation of diluted earnings per share

 

 

 

 

Years ended December 31,

 

 

 

2012

 

2011

 

2010

 

Options to purchase shares of common stock (in thousands)

 

1,518

 

1,720

 

1,715

 

Exercise prices

 

$11.00-$29.00

 

$10.43-$29.00

 

$10.43-$29.00

 

Expiration dates (month/year)

 

10/14-2/22

 

10/14-12/21

 

10/14-10/19