Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Significant Accounting Policies


Three Months Ended June 30,	2018
	(in thousands)
Lodging	$	10,616
Food and beverage		23,775
Other		1,033
Total amount recorded in food, beverage, hotel and other revenues and offset to gaming revenues	$	35,424


Six Months Ended June 30,	2018
	(in thousands)
Lodging	$	20,303
Food and beverage		46,750
Other		2,010
Total amount recorded in food, beverage, hotel and other revenues and offset to gaming revenues	$	69,063

Schedule of estimated cost of providing complimentary services



Three Months Ended June 30,	2018
	(in thousands)
Lodging	$	1,541
Food and beverage		8,857
Other		283
Total cost of complimentary services included in food, beverage, hotel and other expense	$	10,681


Six Months Ended June 30,	2018
	(in thousands)
Lodging	$	2,818
Food and beverage		17,467
Other		576
Total cost of complimentary services included in food, beverage, hotel and other expense	$	20,861

Schedule of disaggregation of revenue

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


Three Months Ended June 30, 2018	Northeast		South/West		Midwest		Other		Total

Gaming	$	364,137	$	99,762	$	201,195	$	-	$	665,094
Food and beverage		19,570		29,625		15,224		318		64,737
Lodging		2,299		24,019		8,964		-		35,282
Racing		4,890		99		-		1,661		6,650
Reimbursable management costs		21,068		4,119		-		-		25,187
Other		11,024		5,746		5,077		8,116		29,963
Total net revenues	$	422,988	$	163,370	$	230,460	$	10,095	$	826,913


Six Months Ended June 30, 2018	Northeast		South/West		Midwest		Other		Total

Gaming	$	719,922	$	197,310	$	402,356	$	-	$	1,319,588
Food and beverage		38,750		57,903		31,145		582		128,380
Lodging		4,266		47,620		16,917		-		68,803
Racing		10,167		106		-		3,188		13,461
Reimbursable management costs		42,912		10,459		-		-		53,371
Other		21,138		11,267		10,127		16,863		59,395
Total net revenues	$	837,155	$	324,665	$	460,545	$	20,633	$	1,642,998

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 June 30,	Three Months Ended June 30,	Six Months Ended June 30,	Six Months Ended June 30,
	2018	2017	2018	2017
	(in thousands)		(in thousands)
Determination of shares:
Weighted-average common shares outstanding	91,468	90,928	91,330	90,840
Assumed conversion of dilutive employee stock-based awards	3,319	2,230	3,299	1,629
Assumed conversion of restricted stock	208	81	205	74
Diluted weighted-average common shares outstanding	94,995	93,239	94,834	92,543

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 and six months ended June 30, 2018 and 2017 (in thousands, except per share data):


	Three Months Ended June 30,		Three Months Ended June 30,		Six Months Ended June 30,		Six Months Ended June 30,
	2018		2017		2018		2017
Calculation of basic EPS:
Net income applicable to common stock	$	53,988	$	17,079	$	99,425	$	22,183
Weighted-average common shares outstanding		91,468		90,928		91,330		90,840
Basic EPS	$	0.59	$	0.19	$	1.09	$	0.24

Calculation of diluted EPS using two-class method:
Net income applicable to common stock	$	53,988	$	17,079	$	99,425	$	22,183
Diluted weighted-average common shares outstanding		94,995		93,239		94,834		92,543
Diluted EPS	$	0.57	$	0.18	$	1.05	$	0.24

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


Six months ended June 30,	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