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Selected quarterly financial results (unaudited)
 12 Months Ended
Dec. 31, 2011
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information [Text Block]
Selected quarterly financial results (unaudited)
The following table sets forth certain consolidated quarterly financial information for the years ended December 31, 2011 and 2010.
 
For the Fiscal Quarters Ended
 
March 31, 2011
 
June 30, 2011
 
September 30, 2011
 
December 31, 2011
 
Total
 
(Amounts in thousands, except per share data)
Net revenues
$
308,743

 
$
305,094

 
$
304,507

 
$
296,162

 
$
1,214,506

Income from operations
62,613

 
59,371

 
61,137

 
44,128

 
227,249

Income (loss) before income tax provision (benefit)(1)
38,014

 
(53,238
)
 
32,214

 
17,558

 
34,546

Net income (loss)(1)
21,846

 
(41,313
)
 
18,884

 
7,379

 
6,794

Basic earnings (loss) per share(2)
$
0.37

 
$
(1.10
)
 
$
0.58

 
$
0.23

 
$
0.17

Diluted earnings (loss) per share(2)(3)
$
0.37

 
$
(1.10
)
 
$
0.56

 
$
0.22

 
$
0.17


 
For the Fiscal Quarters Ended
 
March 31, 2010
 
June 30, 2010 (4)
 
September 30, 2010
 
December 31, 2010
 
Total
 
(Amounts in thousands, except per share data)
Net revenues(1)
$
302,619

 
$
293,004

 
$
299,567

 
$
294,093

 
$
1,189,282

Income (loss) from operations
52,751

 
(5,998
)
 
48,713

 
44,612

 
140,078

Income (loss) before income tax provision (benefit)(1)
18,844

 
(40,667
)
 
21,718

 
20,866

 
20,760

Net income (loss)(1)
10,678

 
(24,892
)
 
11,924

 
10,921

 
8,630

Basic earnings (loss) per share(2)
$
0.18

 
$
(0.43
)
 
$
0.20

 
$
0.19

 
$
0.15

Diluted earnings (loss) per share(2)
$
0.18

 
$
(0.43
)
 
$
0.20

 
$
0.18

 
$
0.15

_______________________________________
(1) 
The sum of the amounts for the four quarters does not equal the total for the year due to rounding.
(2) 
Because earnings (loss) per share amounts are calculated using the weighted-average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per-share amounts for the four quarters may not equal the total earnings (loss) per share amounts for the year.
(3) 
In April 2011, the Company obtained $2.2 billion of new debt financing. A portion of the proceeds from the new debt financing was used to purchase 26,150,000 shares of ACI’s common stock held by the Estate. The share repurchase reduced the Company’s outstanding shares by approximately 45%. The reduction in the Company’s weighted-average shares outstanding from the Repurchase Transaction benefited 2011 diluted earnings per share by $0.54.
(4) 
As discussed in “Note 13 — Goodwill and other intangible assets,” the Company impaired a portion of the goodwill and gaming license acquired in the purchase of the East Chicago property. The pre-tax impairment charges recorded in the second quarter of 2010 totaled $56.0 million. This charge adversely impacted diluted earnings per share by $0.56.