STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2024

STOCK-BASED COMPENSATION.

STOCK-BASED COMPENSATION

NOTE 3. STOCK-BASED COMPENSATION

In accordance with ASC 718, the Company records any excess tax benefits or deficiencies from its equity awards in its Consolidated Statements of Income in the reporting periods in which vesting occurs. As a result, the Company’s income tax expense and associated effective tax rate are impacted by fluctuations in stock price between the grant dates and vesting dates of equity awards.

Reported stock-based compensation expense was classified as follows (in thousands):

	Three months ended
	March 31,
	2024		2023
Casino	$	134	$	153
Food and beverage		(18)		40
Hotel		59		66
Selling, general and administrative		1,603		1,215
Total stock-based compensation, before taxes		1,778		1,474
Tax benefit		(373)		(310)
Total stock-based compensation, net of tax	$	1,405	$	1,164