Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Significant Accounting Policies

Schedule of the estimated useful lives of property and equipment

Land improvements	15 years
Building and improvements	5 to 31 years
Furniture, fixtures, and equipment	3 to 31 years

Schedule of promotional allowances

        The amounts included in promotional allowances for the years ended December 31, 2015, 2014 and 2013 are as follows (in thousands):

Year ended December 31,	2015		2014		2013
Rooms	$	34,708	$	33,513	$	36,132
Food and beverage		111,144		106,908		118,143
Other		9,135		9,898		11,184
Total promotional allowances	$	154,987	$	150,319	$	165,459

Schedule of estimated cost of providing complimentary services

        The estimated cost of providing such complimentary services for the years ended December 31, 2015, 2014 and 2013 are as follows (in thousands):

Year ended December 31,	2015		2014		2013
Rooms	$	4,199	$	3,664	$	5,971
Food and beverage		44,012		44,325		48,431
Other		3,582		3,635		4,072
Total cost of complimentary services	$	51,793	$	51,624	$	58,474

Allocation of net income attributable to shareholders under the two-class method

Year ended December 31,	2015
	(in thousands)
Net income	$	686
Net income applicable to preferred stock		67
Net income applicable to common stock	$	619

Reconciliation of the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS

Year ended December 31,	2015
	(in thousands)
Determination of shares:
Weighted-average common shares outstanding		80,003
Assumed conversion of dilutive employee stock-based awards		2,217
Assumed conversion of restricted stock		60
Diluted weighted-average common share outstanding before participating security		82,280
Assumed conversion of preferred stock		8,624
Diluted weighted-average common shares outstanding		90,904

Calculation of basic and diluted EPS for the entity's common stock

        The following table presents the calculation of basic and diluted EPS for the Company's common stock for the year ended December 31, 2015 (in thousands, except per share data):

Year ended December 31,	2015
Calculation of basic EPS:
Net income applicable to common stock	$	619
Weighted-average common shares outstanding		80,003
Basic EPS	$	0.01
Calculation of diluted EPS using two class method:
Net income applicable to common stock	$	619
Diluted weighted-average common shares outstanding before participating security		82,280
Diluted EPS	$	0.01

Weighted-average assumptions used in Black-Scholes option pricing model

Year ended December 31,	2015			2014			2013
Risk-free interest rate		1.54	%		1.68	%		1.08	%
Expected volatility		36.68	%		44.80	%		46.27	%
Dividend yield		—			—			—
Weighted-average expected life (years)		5.45			5.45			6.57