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STOCK-BASED COMPENSATION | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION MGM Resorts International 2022 Omnibus Incentive Plan. On May 4, 2022, the MGM Resorts 2022 Omnibus Incentive Plan (“2022 Omnibus Plan”) was approved and replaced and superseded the amended and restated MGM Resorts 2005 Omnibus Incentive Plan. The Company’s 2022 Omnibus Plan allows it to grant up to approximately 18 million shares or stock-based awards, such as stock options, stock appreciation rights (“SARs”), restricted stock units (“RSUs”), performance share units (“PSUs”) and other stock-based awards to eligible directors, officers, employees, and consultants of the Company and its subsidiaries. As of December 31, 2023, the Company had an aggregate of approximately 15 million shares of common stock available for grant as stock-based awards under the 2022 Omnibus Plan. Additionally, as of December 31, 2023, the Company had approximately 6 million aggregate RSUs and PSUs outstanding, including deferred share units and dividend equivalent units related to RSUs and PSUs. As of December 31, 2023, there was $116 million of unamortized compensation expense related to stock-based awards, which is expected to be recognized over a weighted average period of 1.7 years. MGM Growth Properties 2016 Omnibus Incentive Plan; MGM China Share Option Plan and Restricted Stock Unit Plan. The Company’s subsidiaries, MGP and MGM China, each adopted their own equity award plans for the issuance of stock-based awards to each subsidiary’s eligible recipients. Vesting of MGP’s outstanding awards was accelerated as a result of the change of control of MGP related to the VICI Transaction in 2022. Recognition of compensation cost. Compensation cost was recognized as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Compensation cost: |  | (In thousands)
Omnibus Plan |  | $ | 67,375 |  |  | $ | 60,264 |  |  | $ | 53,683 |
MGM Growth Properties Omnibus Incentive Plan |  | — |  |  | 5,112 |  |  | 4,827 |
MGM China share-based compensation plans |  | 6,232 |  |  | 5,920 |  |  | 6,673 |
Total compensation cost |  | 73,607 |  |  | 71,296 |  |  | 65,183 |
Less: Reimbursed costs and capitalized cost |  | (21) |  |  | — |  |  | (1,198) |
Compensation cost after reimbursed costs and capitalized cost |  | 73,586 |  |  | 71,296 |  |  | 63,985 |
Less: Related tax benefit |  | (15,975) |  |  | (14,458) |  |  | (12,982) |
Compensation cost, net of tax benefit |  | $ | 57,611 |  |  | $ | 56,838 |  |  | $ | 51,003 |

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