XML 80 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total revenues $ 680,525 $ 827,288
Operating costs and expenses    
Selling, general and administrative 113,430 115,411
Master lease rent expense 24,665 23,962
Maintenance and utilities 33,146 38,100
Depreciation and amortization 66,965 67,253
Corporate expense 24,958 31,177
Project development, preopening and writedowns 3,508 4,031
Impairment of assets 171,100 0
Other operating items, net 7,543 199
Total operating costs and expenses 818,286 709,662
Operating income (loss) (137,761) 117,626
Other expense (income)    
Interest income (439) (106)
Interest expense, net of amounts capitalized (51,845) (61,330)
Loss on early extinguishments and modifications of debt 175 0
Other, net (344) 115
Total other expense, net 51,237 61,339
Income (loss) before income taxes (188,998) 56,287
Income tax benefit (provision) 41,439 (10,836)
Net income (loss) $ (147,559) $ 45,451
Basic net income (loss) per common share (in dollars per share) $ (1.30) $ 0.40
Weighted average basic shares outstanding (in shares) 113,708 113,340
Diluted net income (loss) per common share (in dollars per share) $ (1.30) $ 0.40
Weighted average diluted shares outstanding (in shares) 113,708 113,871
Casino [Member]    
Revenues    
Total revenues $ 509,765 $ 620,253
Operating costs and expenses    
Cost of Revenue 238,700 276,616
Food and Beverage [Member]    
Revenues    
Total revenues 89,884 111,090
Operating costs and expenses    
Cost of Revenue 89,839 102,151
Occupancy [Member]    
Revenues    
Total revenues 46,727 57,244
Operating costs and expenses    
Cost of Revenue 22,985 26,882
Product and Service, Other [Member]    
Revenues    
Total revenues 34,149 38,701
Operating costs and expenses    
Cost of Revenue $ 21,447 $ 23,880