XML 46 R34.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Line of Credit Facility [Line Items] |
Schedule of Long-term Debt Instruments | Long-term debt, net of current maturities and debt issuance costs consists of the following:
|  |  | December 31, 2015
| Interest |  |  |  |  |  | Unamortized |  |
| Rates at |  | Outstanding |  | Unamortized |  | Origination |  | Long-Term
(In thousands) | Dec. 31, 2015 |  | Principal |  | Discount |  | Fees and Costs |  | Debt, Net
Boyd Gaming Corporation Debt: |  |  |  |  |  |  |  |  |
Bank credit facility | 3.75 | % |  | $ | 1,209,725 |  |  | $ | (2,702 | ) |  | $ | (9,746 | ) |  | $ | 1,197,277 |
9.00% senior notes due 2020 | 9.00 | % |  | 350,000 |  |  | — |  |  | (7,044 | ) |  | $ | 342,956 |
6.875% senior notes due 2023 | 6.88 | % |  | 750,000 |  |  | — |  |  | (12,934 | ) |  | $ | 737,066 |
|  |  | 2,309,725 |  |  | (2,702 | ) |  | (29,724 | ) |  | 2,277,299 |
Peninsula Gaming Debt: |  |  |  |  |  |  |  |  |
Bank credit facility | 4.25 | % |  | 662,750 |  |  | — |  |  | (14,143 | ) |  | 648,607 |
8.375% senior notes due 2018 | 8.38 | % |  | 350,000 |  |  | — |  |  | (6,357 | ) |  | 343,643 |
|  |  | 1,012,750 |  |  | — |  |  | (20,500 | ) |  | 992,250 |
Total long-term debt |  |  | 3,322,475 |  |  | (2,702 | ) |  | (50,224 | ) |  | 3,269,549 |
Less current maturities |  |  | 29,750 |  |  | — |  |  | — |  |  | 29,750 |
Long-term debt, net |  |  | $ | 3,292,725 |  |  | $ | (2,702 | ) |  | $ | (50,224 | ) |  | $ | 3,239,799 |
|  |  | December 31, 2014
| Interest |  |  |  |  |  | Unamortized |  |
| Rates at |  | Outstanding |  | Unamortized |  | Origination |  | Long-Term
(In thousands) | Dec. 31, 2014 |  | Principal |  | Discount |  | Fees and Costs |  | Debt, Net
Boyd Gaming Corporation Debt: |  |  |  |  |  |  |  |  |
Bank credit facility | 3.66 | % |  | $ | 1,387,425 |  |  | $ | (3,589 | ) |  | $ | (14,660 | ) |  | $ | 1,369,176 |
9.125% senior notes due 2018 | 9.13 | % |  | 500,000 |  |  | — |  |  | (12,235 | ) |  | 487,765 |
9.00% senior notes due 2020 | 9.00 | % |  | 350,000 |  |  | — |  |  | (1,926 | ) |  | 348,074 |
HoldCo Note | 8.00 | % |  | 151,740 |  |  | (11,743 | ) |  | (29 | ) |  | 139,968 |
|  |  | 2,389,165 |  |  | (15,332 | ) |  | (28,850 | ) |  | 2,344,983 |
Peninsula Gaming Debt: |  |  |  |  |  |  |  |  |
Bank credit facility | 4.25 | % |  | 742,400 |  |  | — |  |  | (23,593 | ) |  | 718,807 |
8.375% senior notes due 2018 | 8.38 | % |  | 350,000 |  |  | — |  |  | (8,942 | ) |  | 341,058 |
Other | various |  |  | 3 |  |  | — |  |  | — |  |  | 3 |
|  |  | 1,092,403 |  |  | — |  |  | (32,535 | ) |  | 1,059,868 |
Total long-term debt |  |  | 3,481,568 |  |  | (15,332 | ) |  | (61,385 | ) |  | 3,404,851 |
Less current maturities |  |  | 29,753 |  |  | — |  |  | — |  |  | 29,753 |
Long-term debt, net |  |  | $ | 3,451,815 |  |  | $ | (15,332 | ) |  | $ | (61,385 | ) |  | $ | 3,375,098 |
Schedule of Line of Credit Facilities | The outstanding principal amounts under the Boyd Gaming Credit Facility are comprised of the following:
| December 31,
(In thousands) | 2015 |  | 2014
Revolving Credit Facility | $ | 240,000 |  |  | $ | 300,000 |
Term A Loan | 183,275 |  |  | 221,375 |
Term B Loan | 730,750 |  |  | 840,750 |
Swing Loan | 55,700 |  |  | 25,300 |
Total outstanding principal amounts under the Boyd Gaming Credit Facility | $ | 1,209,725 |  |  | $ | 1,387,425 |
Maximum Total Leverage Ratio | The maximum permitted consolidated Total Leverage Ratio is calculated as Consolidated Funded Indebtedness to twelve-month trailing Consolidated EBITDA, as defined by the Agreement. The following table provides our maximum Total Leverage Ratio during the remaining term of the Boyd Gaming Credit Facility:
| Maximum Total
For the Trailing Four Quarters Ending | Leverage Ratio
March 31, 2016 through December 31, 2016 | 8.25 | to | 1.00
March 31, 2017 through December 31, 2017 | 8.00 | to | 1.00
March 31, 2018 and thereafter | 7.75 | to | 1.00
Maximum Secured Leverage Ratio | The maximum permitted Secured Leverage Ratio is calculated as Secured Indebtedness to twelve-month trailing Consolidated EBITDA, as defined by the Agreement. The following table provides our maximum Secured Leverage Ratio during the remaining term of the Boyd Gaming Credit Facility:
| Maximum Secured
For the Trailing Four Quarters Ending | Leverage Ratio
March 31, 2015 through December 31, 2016 | 4.75 | to | 1.00
March 31, 2017 through December 31, 2017 | 4.50 | to | 1.00
March 31, 2018 and thereafter | 4.25 | to | 1.00
Maximum Consolidated Leverage Ratio | The following table provides our maximum Consolidated Leverage Ratio during the remaining term of the Peninsula Credit Facility:
| Maximum Consolidated
For the Trailing Four Quarters Ending | Leverage Ratio
March 31, 2016 through June 30, 2016 | 6.00 | to | 1.00
September 30, 2016 through December 31, 2016 | 5.75 | to | 1.00
March 31, 2107 through June 30, 2017 | 5.50 | to | 1.00
September 30, 2017 and thereafter | 5.25 | to | 1.00
Schedule of Maturities of Long-term Debt | The scheduled maturities of Boyd Gaming long-term debt, as discussed above, are as follows:
(In thousands) | Total
For the year ending December 31, |
2016 | $ | 29,750 |
2017 | 676,000 |
2018 | 812,975 |
2019 | 9,000 |
2020 | 1,044,750 |
Thereafter | 750,000 |
Total outstanding principal of long-term debt | $ | 3,322,475 |

X
- Definition Schedule of Maximum Consolidated Leverage Ratio [Table Text Block] + References No definition available. + Details
Name: | byd_ScheduleOfMaximumConsolidatedLeverageRatioTableTextBlock
Namespace Prefix: | byd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Maximum Secured Leverage Ratio [Table Text Block] + References No definition available. + Details
Name: | byd_ScheduleOfMaximumSecuredLeverageRatioTableTextBlock
Namespace Prefix: | byd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Maximum Total Leverage Ratio [Table Text Block] + References No definition available. + Details
Name: | byd_ScheduleOfMaximumTotalLeverageRatioTableTextBlock
Namespace Prefix: | byd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration