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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Income (Loss) Before Taxes for Domestic and Foreign Operations | Income (loss) before income taxes for domestic and foreign operations consisted of the following:
|  | Year Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (In thousands) |
Domestic operations |  | $ | 2,717,756 |  |  | $ | 660,832 |  |  | $ | 747,090 |
Foreign operations |  |  | 128,969 |  |  |  | (26,826 | ) |  |  | 213,700 |
|  | $ | 2,846,725 |  |  | $ | 634,006 |  |  | $ | 960,790 |
Schedule of Benefit (Provision) for Income Taxes Attributable to Income (Loss) Before Income Taxes | The benefit (provision) for income taxes attributable to income (loss) before income taxes is as follows:
|  | Year Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Federal: |  | (In thousands) |
Current |  | $ | (4,928 | ) |  | $ | 11,991 |  |  | $ | (120,980 | )
Deferred (excluding separate components) |  |  | (537,993 | ) |  |  | (143,468 | ) |  |  | 204,713 |
Deferred – change in enacted rates |  |  | — |  |  |  | — |  |  |  | 987,942 |
Deferred – valuation allowance |  |  | (20,175 | ) |  |  | (19,753 | ) |  |  | 101,443 |
Other noncurrent |  |  | (5,745 | ) |  |  | 576 |  |  |  | 1,356 |
Benefit (provision) for federal income taxes |  |  | (568,841 | ) |  |  | (150,654 | ) |  |  | 1,174,474 |
State: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | (22,685 | ) |  |  | (12,564 | ) |  |  | (6,798 | )
Deferred (excluding separate components) |  |  | (32,793 | ) |  |  | (12,731 | ) |  |  | (25,233 | )
Deferred – operating loss carryforward |  |  | (5,241 | ) |  |  | (29,490 | ) |  |  | 44,242 |
Deferred – valuation allowance |  |  | (191 | ) |  |  | 41,068 |  |  |  | (40,078 | )
Other noncurrent |  |  | (1,401 | ) |  |  | (1,334 | ) |  |  | (3,876 | )
Provision for state income taxes |  |  | (62,311 | ) |  |  | (15,051 | ) |  |  | (31,743 | )
Foreign: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | (2,454 | ) |  |  | (2,037 | ) |  |  | (470 | )
Deferred (excluding separate components) |  |  | 44,374 |  |  |  | 63,827 |  |  |  | (40,653 | )
Deferred – operating loss carryforward |  |  | 32,915 |  |  |  | 30,574 |  |  |  | 4,688 |
Deferred – valuation allowance |  |  | (76,028 | ) |  |  | 23,229 |  |  |  | 21,098 |
Benefit (provision) for foreign income taxes |  |  | (1,193 | ) |  |  | 115,593 |  |  |  | (15,337 | )
|  | $ | (632,345 | ) |  | $ | (50,112 | ) |  | $ | 1,127,394 |
Schedule of Reconciliation of the Federal Income Tax Statutory Rate and the Company's Effective Tax Rate | A reconciliation of the federal income tax statutory rate and the Company’s effective tax rate is as follows:
| Year Ended December 31, |
| 2019 |  |  | 2018 |  |  | 2017 |
Federal income tax statutory rate |  | 21.0 | % |  |  | 21.0 | % |  |  | 35.0 | %
Change in enacted rates |  | — |  |  |  | — |  |  |  | (102.7 | )
Non-controlling interest |  | (0.8 | ) |  |  | (2.4 | ) |  |  | (1.5 | )
Foreign jurisdiction income/losses taxed at other than U.S. statutory rate |  | (0.5 | ) |  |  | (9.5 | ) |  |  | (9.2 | )
Repatriation of foreign earnings |  | — |  |  |  | — |  |  |  | 35.4 |
Foreign tax credit |  | — |  |  |  | — |  |  |  | (70.3 | )
Federal valuation allowance |  | 0.7 |  |  |  | 3.1 |  |  |  | (10.6 | )
Macau dividend tax |  | — |  |  |  | (6.4 | ) |  |  | 4.2 |
State taxes, net |  | 1.7 |  |  |  | 1.9 |  |  |  | 2.4 |
General business credits |  | (0.5 | ) |  |  | (2.9 | ) |  |  | (1.0 | )
Stock-based compensation |  | (0.1 | ) |  |  | (1.2 | ) |  |  | (2.1 | )
Non-deductible employee dining facility costs |  | 0.2 |  |  |  | 1.4 |  |  |  | — |
Permanent and other items |  | 0.5 |  |  |  | 2.9 |  |  |  | 3.1 |
|  | 22.2 | % |  |  | 7.9 | % |  |  | (117.3 | )%
Schedule of Tax-Effected Components of the Company's Net Deferred Tax Liability | The tax-effected components of the Company’s net deferred tax liability are as follows:
|  | December 31, |
|  | 2019 |  |  | 2018 |
Deferred tax assets – federal and state: |  | (In thousands) |
Bad debt reserve |  | $ | 25,085 |  |  | $ | 23,497 |
Deferred compensation |  |  | 7,918 |  |  |  | 5,950 |
Net operating loss carryforward |  |  | 19,265 |  |  |  | 23,406 |
Accruals, reserves and other |  |  | 97,590 |  |  |  | 88,139 |
Investments in unconsolidated affiliates |  |  | — |  |  |  | 83,130 |
Stock-based compensation |  |  | 18,882 |  |  |  | 20,581 |
Lease liabilities |  |  | 1,020,171 |  |  |  | — |
Long-term debt |  |  | 2,022 |  |  |  | — |
Tax credits |  |  | 2,600,142 |  |  |  | 2,926,996 |
|  |  | 3,791,075 |  |  |  | 3,171,699 |
Less: Valuation allowance |  |  | (2,469,907 | ) |  |  | (2,449,582 | )
|  |  | 1,321,168 |  |  |  | 722,117 |
Deferred tax assets – foreign: |  |  |  |  |  |  |  |
Bad debt reserve |  |  | 1,682 |  |  |  | 1,372 |
Net operating loss carryforward |  |  | 140,223 |  |  |  | 107,308 |
Accruals, reserves and other |  |  | 13,112 |  |  |  | 18,603 |
Property and equipment |  |  | 10,125 |  |  |  | 998 |
Stock-based compensation |  |  | 6,487 |  |  |  | 5,409 |
Lease liabilities |  |  | 1,213 |  |  |  | — |
|  |  | 172,842 |  |  |  | 133,690 |
Less: Valuation allowance |  |  | (104,149 | ) |  |  | (28,121 | )
|  |  | 68,693 |  |  |  | 105,569 |
Total deferred tax assets |  | $ | 1,389,861 |  |  | $ | 827,686 |
Deferred tax liabilities – federal and state: |  |  |  |  |  |  |  |
Property and equipment |  | $ | (1,599,948 | ) |  | $ | (1,729,786 | )
Investments in unconsolidated affiliates |  |  | (496,501 | ) |  |  | — |
ROU assets |  |  | (977,870 | ) |  |  | — |
Long-term debt |  |  | — |  |  |  | (3,141 | )
Intangibles |  |  | (112,380 | ) |  |  | (90,758 | )
|  |  | (3,186,699 | ) |  |  | (1,823,685 | )
Deferred tax liabilities – foreign: |  |  |  |  |  |  |  |
Intangibles |  |  | (307,728 | ) |  |  | (346,539 | )
ROU Assets |  |  | (1,940 | ) |  |  | — |
|  |  | (309,668 | ) |  |  | (346,539 | )
Total deferred tax liability |  | $ | (3,496,367 | ) |  | $ | (2,170,224 | )
Net deferred tax liability |  | $ | (2,106,506 | ) |  | $ | (1,342,538 | )
Schedule of Reconciliation of the Beginning and Ending Amounts of Gross Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits is as follows:
| Year Ended December 31, |
| (In thousands) |
Gross unrecognized tax benefits at January 1 | $ | 24,464 |  |  | $ | 18,588 |  |  | $ | 14,026 |
Gross increases - prior period tax positions |  | 8,960 |  |  |  | 5,345 |  |  |  | — |
Gross decreases - prior period tax positions |  | (1,006 | ) |  |  | (957 | ) |  |  | (2,280 | )
Gross increases - current period tax positions |  | 880 |  |  |  | 1,488 |  |  |  | 6,842 |
Gross unrecognized tax benefits at December 31 | $ | 33,298 |  |  | $ | 24,464 |  |  | $ | 18,588 |

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