Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Significant Accounting Policies

Schedule of promotional allowances

	Three Months Ended March 31,
	2015		2014
	(in thousands)
Rooms	$	8,336	$	8,071
Food and beverage	27,448		26,598
Other	2,104		2,262
Total promotional allowances	$	37,888	$	36,931

Schedule of estimated cost of providing complimentary services

	Three Months Ended March 31,
	2015		2014
	(in thousands)
Rooms	$	936	$	872
Food and beverage	10,833		10,975
Other	832		843
Total cost of complimentary services	$	12,601	$	12,690

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

	Three Months Ended March 31,
	2015		2014
	(Restated)		(Restated)
	(in thousands)
Net income	$	1,869	$	580
Net income applicable to preferred stock	183		58
Net income applicable to common stock	$	1,686	$	522

Schedule of 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

	Three Months Ended March 31,
	2015	2014
	(in thousands)
Determination of shares:
Weighted-average common shares outstanding	79,400	77,917
Assumed conversion of dilutive employee stock-based awards	2,296	2,003
Assumed conversion of restricted stock	72	135
Diluted weighted-average common shares outstanding before participating security	81,768	80,055
Assumed conversion of preferred stock	8,624	8,624
Diluted weighted-average common shares outstanding	90,392	88,679

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

The following tables present the calculation of basic and diluted EPS for the Company’s common stock for the three months ended March 31, 2015 and 2014 (in thousands, except per share data):

	Three Months Ended March 31,
	2015		2014
	(Restated)		(Restated)
Calculation of basic EPS:
Net income applicable to common stock	$	1,686	$	522
Weighted-average common shares outstanding	79,400		77,917
Basic EPS	$	0.02	$	0.01
Calculation of diluted EPS using two-class method:
Net income applicable to common stock	$	1,686	$	522
Diluted weighted-average common shares outstanding before participating security	81,768		80,055
Diluted EPS	$	0.02	$	0.01

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

	2015		2014
Risk-free interest rate	1.54	%	1.68	%
Expected volatility	36.93	%	44.80	%
Dividend yield	—		—
Weighted-average expected life (years)	5.45		5.45