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Basis of Presentation and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property and Equipment Property and equipment are generally depreciated over the following estimated useful lives on a straight-line basis:

 

Buildings and improvements

 

15 to 40 years

Land improvements

 

10 to 20 years

Furniture and fixtures

 

3 to 20 years

Equipment

 

3 to 15 years

Schedule of Contract and Contract - Related Liabilities

The following table summarizes the activity related to contract and contract-related liabilities:

 

 

Outstanding Chip Liability

 

 

Loyalty Program

 

 

Customer Advances and Other

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

(in thousands)

 

Balance at January 1

$

314,570

 

 

$

323,811

 

 

$

126,966

 

 

$

113,293

 

 

$

481,095

 

 

$

667,285

 

Balance at December 31

 

212,671

 

 

 

314,570

 

 

 

139,756

 

 

 

126,966

 

 

 

382,287

 

 

 

481,095

 

Increase / (decrease)

$

(101,899

)

 

$

(9,241

)

 

$

12,790

 

 

$

13,673

 

 

$

(98,808

)

 

$

(186,190

)

Schedule of Diluted Weighted-Average Number of Common and Common Equivalent Shares Adjustments for Potential Dilution of Share-Based Awards Outstanding Diluted weighted average common and common equivalent shares include adjustments for potential dilution of share-based awards outstanding under the Company’s stock compensation plan.

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Numerator:

 

(In thousands)

 

Net income (loss) attributable to MGM Resorts International

 

$

(1,032,724

)

 

$

2,049,146

 

 

$

466,772

 

Adjustment related to redeemable noncontrolling interests

 

 

35,520

 

 

 

(2,713

)

 

 

(21,326

)

Net income (loss) available to common stockholders - basic

 

 

(997,204

)

 

 

2,046,433

 

 

 

445,446

 

Other

 

 

 

 

 

(194

)

 

 

(206

)

Net income (loss) attributable to common stockholders - diluted

 

$

(997,204

)

 

$

2,046,239

 

 

$

445,240

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding basic

 

 

494,152

 

 

 

524,173

 

 

 

544,253

 

Potential dilution from share-based awards

 

 

 

 

 

3,472

 

 

 

5,283

 

Weighted average common and common equivalent shares - diluted

 

 

494,152

 

 

 

527,645

 

 

 

549,536

 

Antidilutive share-based awards excluded from the calculation of diluted earnings per share

 

 

9,493

 

 

 

1,617

 

 

 

2,668