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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2015
Fair Value Disclosures [Abstract] |
Fair Value, Assets Measured on Recurring Basis | Balances Measured at Fair Value The following tables show the fair values of certain of our financial instruments:
| June 30, 2015
(In thousands) | Balance |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 124,523 |  |  | $ | 124,523 |  |  | $ | — |  |  | $ | — |
Restricted cash | 21,486 |  |  | 21,486 |  |  | — |  |  | — |
Investment available for sale | 17,276 |  |  | — |  |  | — |  |  | 17,276 |
Liabilities |  |  |  |  |  |  |
Contingent payments | $ | 3,642 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,642 |
| December 31, 2014
(In thousands) | Balance |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 145,341 |  |  | $ | 145,341 |  |  | $ | — |  |  | $ | — |
Restricted cash | 18,107 |  |  | 18,107 |  |  | — |  |  | — |
Investment available for sale | 18,357 |  |  | — |  |  | — |  |  | 18,357 |
Liabilities |  |  |  |  |  |  |
Merger earnout | $ | 75 |  |  | $ | — |  |  | $ | — |  |  | $ | 75 |
Contingent payments | 3,792 |  |  | — |  |  | — |  |  | 3,792 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation | The following table summarizes the changes in fair value of the Company's Level 3 assets and liabilities:
| Three Months Ended June 30, 2015
| Assets |  | Liability
(In thousands) | Investment Available for Sale |  | Contingent Payments
Balance at April 1, 2015 | $ | 18,658 |  |  | $ | (3,721 | )
Deposits | — |  |  | — |
Total gains (losses) (realized or unrealized): |  |  |
Included in earnings | 31 |  |  | (161 | )
Included in other comprehensive income (loss) | (1,033 | ) |  | — |
Transfers in or out of Level 3 | — |  |  | — |
Purchases, sales, issuances and settlements: |  |  |
Settlements | (380 | ) |  | 240 |
Balance at June 30, 2015 | $ | 17,276 |  |  | $ | (3,642 | )
Gains (losses) included in earnings attributable to the change in unrealized gains relating to assets and liabilities still held at the reporting date: |  |  |
Included in interest income | $ | 31 |  |  | $ | — |
Included in interest expense | — |  |  | (161 | )
| Three Months Ended June 30, 2014
| Assets |  | Liabilities
(In thousands) | Investment Available for Sale |  | CRDA Deposits |  | Merger Earnout |  | Contingent Payments
Balance at April 1, 2014 | $ | 18,067 |  |  | $ | 5,547 |  |  | $ | (750 | ) |  | $ | (4,330 | )
Deposits | — |  |  | 1,771 |  |  | — |  |  | — |
Total gains (losses) (realized or unrealized): |  |  |  |  |  |  |
Included in earnings | 29 |  |  | (590 | ) |  | 300 |  |  | (183 | )
Included in other comprehensive income (loss) | (298 | ) |  | — |  |  | — |  |  | — |
Transfers in or out of Level 3 | — |  |  | — |  |  | — |  |  | — |
Purchases, sales, issuances and settlements: |  |  |  |  |  |  |
Settlements | (355 | ) |  | — |  |  | — |  |  | 235 |
Balance at June 30, 2014 | $ | 17,443 |  |  | $ | 6,728 |  |  | $ | (450 | ) |  | $ | (4,278 | )
Gains (losses) included in earnings attributable to the change in unrealized gains relating to assets and liabilities still held at the reporting date: |  |  |  |  |  |  |
Included in interest income | $ | 29 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Included in interest expense | — |  |  | — |  |  | — |  |  | (183 | )
| Six Months Ended June 30, 2015
| Assets |  | Liabilities
(In thousands) | Investment Available for Sale |  | Merger Earnout |  | Contingent Payments
Balance at January 1, 2015 | $ | 18,357 |  |  | $ | (75 | ) |  | $ | (3,792 | )
Deposits | — |  |  | — |  |  | — |
Total gains (losses) (realized or unrealized): |  |  |  |  |
Included in earnings | 62 |  |  | 75 |  |  | (320 | )
Included in other comprehensive income (loss) | (763 | ) |  | — |  |  | — |
Transfers in or out of Level 3 | — |  |  | — |  |  | — |
Purchases, sales, issuances and settlements: |  |  |  |  |
Settlements | (380 | ) |  | — |  |  | 470 |
Balance at June 30, 2015 | $ | 17,276 |  |  | $ | — |  |  | $ | (3,642 | )
Gains (losses) included in earnings attributable to the change in unrealized gains relating to assets and liabilities still held at the reporting date: |  |  |  |  |
Included in interest income | $ | 62 |  |  | $ | — |  |  | $ | — |
Included in interest expense | — |  |  | — |  |  | (320 | )
| Six Months Ended June 30, 2014
| Assets |  | Liabilities
(In thousands) | Investment Available for Sale |  | CRDA Deposits |  | Merger Earnout |  | Contingent Payments
Balance at January 1, 2014 | $ | 17,128 |  |  | $ | 4,613 |  |  | $ | (1,125 | ) |  | $ | (4,343 | )
Deposits | — |  |  | 3,518 |  |  | — |  |  | — |
Total gains (losses) (realized or unrealized): |  |  |  |  |  |  |
Included in earnings | 60 |  |  | (1,144 | ) |  | 675 |  |  | (368 | )
Included in other comprehensive income (loss) | 610 |  |  | — |  |  | — |  |  | — |
Transfers in or out of Level 3 | — |  |  | — |  |  | — |  |  | — |
Purchases, sales, issuances and settlements: |  |  |  |  |  |  |
Settlements | (355 | ) |  | (259 | ) |  | — |  |  | 433 |
Balance at June 30, 2014 | $ | 17,443 |  |  | $ | 6,728 |  |  | $ | (450 | ) |  | $ | (4,278 | )
Gains (losses) included in earnings attributable to the change in unrealized gains relating to assets and liabilities still held at the reporting date: |  |  |  |  |  |  |
Included in interest income | $ | 60 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Included in interest expense | — |  |  | — |  |  | — |  |  | (368 | )
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques | The table below summarizes the significant unobservable inputs used in calculating fair value for our Level 3 assets and liabilities:
| Valuation Technique |  | Unobservable Input |  | Rate
Investment available for sale | Discounted cash flow |  | Discount rate |  | 10.4 | %
Contingent payments | Discounted cash flow |  | Discount rate |  | 18.5 | %
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis | The following tables provide the fair value measurement information about our long-term debt:
| June 30, 2015
(In thousands) | Outstanding Face Amount |  | Carrying Value |  | Estimated Fair Value |  | Fair Value Hierarchy
Boyd Debt: |  |  |  |  |  |  |
Boyd Gaming Debt: |  |  |  |  |  |  |
Bank credit facility | $ | 1,104,000 |  |  | $ | 1,100,938 |  |  | $ | 1,104,075 |  |  | Level 2
9.00% senior notes due 2020 | 350,000 |  |  | 350,000 |  |  | 381,938 |  |  | Level 1
6.875% senior notes due 2023 | 750,000 |  |  | 750,000 |  |  | 770,625 |  |  | Level 1
HoldCo Note | 157,810 |  |  | 148,355 |  |  | 149,919 |  |  | Level 3
| 2,361,810 |  |  | 2,349,293 |  |  | 2,406,557 |  |  |
Peninsula Segment Debt: |  |  |  |  |  |  |
Bank credit facility | 690,013 |  |  | 690,013 |  |  | 692,581 |  |  | Level 2
8.375% Senior Notes due 2018 | 350,000 |  |  | 350,000 |  |  | 366,188 |  |  | Level 2
| 1,040,013 |  |  | 1,040,013 |  |  | 1,058,769 |  |  |
Total debt | $ | 3,401,823 |  |  | $ | 3,389,306 |  |  | $ | 3,465,326 |  |  |
| December 31, 2014
(In thousands) | Outstanding Face Amount |  | Carrying Value |  | Estimated Fair Value |  | Fair Value Hierarchy
Boyd Gaming Corporation Debt: |  |  |  |  |  |  |
Bank credit facility | $ | 1,387,425 |  |  | $ | 1,383,836 |  |  | $ | 1,395,595 |  |  | Level 2
9.125% senior notes due 2018 | 500,000 |  |  | 495,155 |  |  | 517,500 |  |  | Level 1
9.00% senior notes due 2020 | 350,000 |  |  | 350,000 |  |  | 359,625 |  |  | Level 1
HoldCo Note | 151,740 |  |  | 139,997 |  |  | 144,153 |  |  | Level 3
| 2,389,165 |  |  | 2,368,988 |  |  | 2,416,873 |  |  |
Peninsula Segment Debt: |  |  |  |  |  |  |
Bank credit facility | 742,400 |  |  | 742,400 |  |  | 754,364 |  |  | Level 2
8.375% senior notes due 2018 | 350,000 |  |  | 350,000 |  |  | 363,125 |  |  | Level 2
Other | 3 |  |  | 3 |  |  | 3 |  |  | Level 3
| 1,092,403 |  |  | 1,092,403 |  |  | 1,117,492 |  |  |
Total debt | $ | 3,481,568 |  |  | $ | 3,461,391 |  |  | $ | 3,534,365 |  |  |
Balances Disclosed at Fair Value The following tables provide the fair value measurement information about our obligation under minimum assessment agreements and other financial instruments:
| June 30, 2015
(In thousands) | Outstanding Face Amount |  | Carrying Value |  | Estimated Fair Value |  | Fair Value Hierarchy
Liabilities |  |  |  |  |  |  |
Obligation under assessment arrangements | $ | 35,943 |  |  | $ | 28,139 |  |  | $ | 28,157 |  |  | Level 3
Other financial instruments | 200 |  |  | 178 |  |  | 178 |  |  | Level 3
| December 31, 2014
(In thousands) | Outstanding Face Amount |  | Carrying Value |  | Estimated Fair Value |  | Fair Value Hierarchy
Liabilities |  |  |  |  |  |  |
Obligation under assessment arrangements | $ | 36,749 |  |  | $ | 28,612 |  |  | $ | 29,529 |  |  | Level 3
Other financial instruments | 300 |  |  | 268 |  |  | 268 |  |  | Level 3

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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