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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Total revenues $ 846,132 $ 616,793 $ 1,673,420 $ 1,222,911
Operating costs and expenses        
Selling, general and administrative 116,701 88,041 232,112 175,624
Master lease rent expense 24,431 0 48,393 0
Maintenance and utilities 39,707 28,673 77,807 56,599
Depreciation and amortization 68,051 53,923 135,304 105,199
Corporate expense 26,913 24,063 58,090 49,920
Project development, preopening and writedowns 4,915 5,801 8,946 9,241
Impairment of assets 0 993 0 993
Other operating items, net 105 132 304 1,931
Total operating costs and expenses 719,440 520,535 1,429,102 1,031,879
Operating income 126,692 96,258 244,318 191,032
Other expense (income)        
Interest income (816) (522) (922) (979)
Interest expense, net of amounts capitalized (61,233) (44,959) (122,563) (89,218)
Loss on early extinguishments and modifications of debt 508 0 508 61
Other, net (455) (24) (340) (404)
Total other expense, net 60,470 44,413 121,809 87,896
Income before income taxes 66,222 51,845 122,509 103,136
Income tax provision (17,738) (13,247) (28,574) (23,139)
Income from continuing operations, net of tax 48,484 38,598 93,935 79,997
Income from discontinued operations, net of tax 0 347 0 347
Net income $ 48,484 $ 38,945 $ 93,935 $ 80,344
Basic net income per common share        
Continuing operations (in dollars per share) $ 0.43 $ 0.34 $ 0.83 $ 0.70
Discontinued operations (in dollars per share) 0 0 0 0
Basic net income per common share (in dollars per share) $ 0.43 $ 0.34 $ 0.83 $ 0.70
Weighted average basic shares outstanding (in shares) 113,318 114,543 113,329 114,459
Diluted net income per common share        
Continuing operations (in dollars per share) $ 0.43 $ 0.34 $ 0.83 $ 0.70
Discontinued operations (in dollars per share) 0 0 0 0
Diluted net income per common share (in dollars per share) $ 0.43 $ 0.34 $ 0.83 $ 0.70
Weighted average diluted shares outstanding (in shares) 113,795 115,218 113,832 115,186
Casino [Member]        
Revenues        
Total revenues $ 633,659 $ 447,788 $ 1,253,912 $ 888,251
Operating costs and expenses        
Cost of Revenue 282,593 193,991 559,209 383,026
Food and Beverage [Member]        
Revenues        
Total revenues 112,047 87,601 223,137 173,000
Operating costs and expenses        
Cost of Revenue 103,477 81,619 205,628 164,309
Occupancy [Member]        
Revenues        
Total revenues 61,097 49,434 118,341 97,346
Operating costs and expenses        
Cost of Revenue 27,799 21,654 54,681 42,587
Product and Service, Other [Member]        
Revenues        
Total revenues 39,329 31,970 78,030 64,314
Operating costs and expenses        
Cost of Revenue $ 24,748 $ 21,645 $ 48,628 $ 42,450