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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of comparison of previously reported net revenues and operating expenses to as adjusted amounts, reflecting the reclassification of immaterial promotional amounts in conformity with generally accepted accounting principles

Amount in thousands

 

 

 

Three months ended
March 31, 2013 (unaudited)

 

Twelve months ended
December 31, 2012

 

Twelve months ended
December 31, 2011

 

 

 

Previously
reported

 

Correction

 

As
adjusted

 

Previously
reported

 

Correction

 

As
adjusted

 

Previously
reported

 

Correction

 

As
adjusted

 

Net Revenues

 

$

47,644

 

$

(2,039

)

$

45,605

 

$

170,357

 

$

(7,055

)

$

163,302

 

$

140,632

 

$

(6,103

)

$

134,529

 

Operating Expenses

 

40,459

 

(2,039

)

38,420

 

154,374

 

(7,055

)

147,319

 

130,862

 

(6,103

)

124,759

 

Schedule of property and equipment stated at cost, less accumulated depreciation and amortization

 

Land improvements

 

15-40 years

Buildings

 

30-40 years

Building improvements

 

5-40 years

Furniture

 

5-10 years

Equipment

 

3-20 years

Schedule of promotional allowance included in casino operating expenses

 

 

 

 

Years ended December 31,

 

 

 

2013

 

2012

 

2011

 

Food and beverage

 

$

21,712,938

 

$

20,464,456

 

$

16,244,303

 

Hotel

 

2,622,010

 

2,850,105

 

2,328,566

 

Other

 

1,777,333

 

1,856,992

 

1,696,485

 

 

 

$

26,112,281

 

$

25,171,553

 

$

20,269,354

 

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

Shares in thousands

 

 

 

Years ended December 31,

 

 

 

2013

 

2012

 

2011

 

 

 

Shares

 

Per Share
Amount

 

Shares

 

Per Share
Amount

 

Shares

 

Per Share
Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

16,302

 

$

1.10

 

16,140

 

$

0.55

 

16,138

 

$

0.35

 

Effect of dilutive stock options

 

642

 

(0.04

)

110

 

 

93

 

 

Diluted

 

16,944

 

$

1.06

 

16,250

 

$

0.55

 

16,231

 

$

0.35

 

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

 

 

 

 

Years ended December 31,

 

 

 

2013

 

2012

 

2011

 

Options to purchase shares of common stock (in thousands)

 

418,071

 

1,518

 

1,720

 

Exercise prices

 

$21.65-$29.00

 

$11.00-$29.00

 

$10.43-$29.00

 

Expiration dates (month/year)

 

05/16-10/23

 

10/14-2/22

 

10/14-12/21