REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2018

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Impact of adoption of ASC 606 on consolidated income statement

In accordance with the new revenue standard requirements, below is a disclosure of the impact of the adoption of ASC 606 on our consolidated income statement for the period ended March 31, 2018 (in thousands):



		Three Months Ended March 31, 2018
		Post ASC 606 Adoption		Other ASC 606 Changes			Pre ASC 606 Adoption
Revenues
Casino	$	29,945	$	13,761	(a) (b) (c) (d)	$	43,706
Food and beverage		16,938		(1,453)	(a) (d) (e)		15,485
Hotel		6,363		(658)	(a) (f)		5,705
Other		3,022		24	(a) (d)		3,046
Gross revenues		56,268		11,674			67,942
Less promotional allowances		—		(11,819)	(a) (d)		(11,819)
Net revenues		56,268		(145)	(b) (c) (e) (f)		56,123
Operating Expenses				—
Casino		10,696		8,282	(b) (c) (g)		18,978
Food and beverage		13,094		(6,923)	(e) (g)		6,171
Hotel		3,499		(973)	(f) (g)		2,526
Other		1,545		(531)	(g)		1,014
Selling, general and administrative		15,185		—			15,185
Depreciation and amortization		3,692		—			3,692
Total operating expenses		47,711		(145)			47,566
				—
Net income	$	6,741	$	—		$	6,741
Earnings per share of common stock
Net income
Basic	$	0.38	$	—		$	0.38
Diluted	$	0.36	$	—		$	0.36

(a)

Change as a result of reclassification of current period complimentaries at estimated retail price from promotional allowances to casino, food and beverage, hotel, spa and retail revenues.

(b)

Change as a result of reclassification of the earned and unused points during the period from casino expense to casino revenue.

(c)

Change as a result of reclassification of the wide area progressive system expense from casino revenue to casino expense.

(d)

Change as a result of the change of the casino floor bars menu prices and some retail outlets prices from discounted to retail price.

(e)

Change as a result of reclassification of the banquets service fees from food and beverage expense to food and beverage revenue.

(f)

Change as a result of reclassification of the groups rebate and commissions from hotel expense to hotel revenue.

Change as a result of the elimination of the reclassification journal entry that reclassified the costs of complimentaries from hotel, food and beverage and other expense categories to casino expense. Under ASC 606, the costs of complimentaries stay in the complimentaries revenue producing department.