Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Significant Accounting Policies

Schedule of promotional allowances

Three Months Ended March 31,	2018
	(in thousands)
Lodging	$	9,687
Food and beverage		22,976
Other		976
Total amount recorded in food, beverage, hotel and other revenues and offset to gaming revenues	$	33,639

Schedule of estimated cost of providing complimentary services

Three Months Ended March 31,	2018
	(in thousands)
Lodging	$	1,291
Food and beverage		8,619
Other		293
Total cost of complimentary services included in food, beverage, hotel and other expense	$	10,203

Schedule of disaggregation of revenue

Our revenue disaggregation by type of revenue and geographic location is as follows (in thousands):

Three Months Ended March 31, 2018	Northeast		South/West		Midwest		Other		Total
Gaming	$	355,785	$	97,547	$	201,162	$	-	$	654,494
Food and beverage		19,180		28,279		15,921		263		63,643
Lodging		1,967		23,601		7,953		-		33,521
Racing		5,276		7		-		1,527		6,810
Reimbursable management costs		21,844		6,340		-		-		28,184
Other		10,115		5,522		5,050		8,746		29,433
Total net revenues	$	414,167	$	161,296	$	230,086	$	10,536	$	816,085

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,	Three Months Ended March 31,
	2018	2017
	(in thousands)
Determination of shares:
Weighted-average common shares outstanding	91,191	90,751
Assumed conversion of dilutive employee stock-based awards	3,260	1,105
Assumed conversion of restricted stock	199	61
Diluted weighted-average common shares outstanding	94,650	91,917

Schedule of 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 three months ended March 31, 2018 and 2017 (in thousands, except per share data):

	Three Months Ended March 31,		Three Months Ended March 31,
	2018		2017
Calculation of basic EPS:
Net income applicable to common stock	$	45,437	$	5,104
Weighted-average common shares outstanding		91,191		90,751
Basic EPS	$	0.50	$	0.06
Calculation of diluted EPS using two-class method:
Net income applicable to common stock	$	45,437	$	5,104
Diluted weighted-average common shares outstanding		94,650		91,917
Diluted EPS	$	0.48	$	0.06

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

Three months ended  March 31,	2018		2017
Risk-free interest rate	2.26	%	1.97	%
Expected volatility	30.80	%	30.67	%
Dividend yield	—		—
Weighted-average expected life (years)	5.30		5.30