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Note 15 - Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information [Text Block]

NOTE 15. SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table presents selected quarterly financial information:

	Year Ended December 31, 2020
*(In thousands, except per share data)*	First			Second			Third		Fourth		Year
Summary Operating Results:
Total revenues	$	680,525		$	209,859		$	652,238	$	635,868	$	2,178,490
Operating income (loss)		(137,761	)		(86,348	)		127,073		111,299		14,263
Net income (loss)		(147,559	)		(108,544	)		38,116		83,287		(134,700	)

Basic net income (loss) per common share	$	(1.30	)	$	(0.96	)	$	0.34	$	0.73	$	(1.19	)
Diluted net income (loss) per common share	$	(1.30	)	$	(0.96	)	$	0.33	$	0.73	$	(1.19	)

	Year Ended December 31, 2019
*(In thousands, except per share data)*	First		Second		Third		Fourth		Year
Summary Operating Results:
Total revenues	$	827,288	$	846,132	$	819,568	$	833,131	$	3,326,119
Operating income		117,626		126,692		113,391		114,859		472,568
Net income		45,451		48,484		39,405		24,296		157,636

Basic net income per common share	$	0.40	$	0.43	$	0.35	$	0.21	$	1.39
Diluted net income per common share	$	0.40	$	0.43	$	0.35	$	0.21	$	1.38

Since income (loss) per share amounts are calculated using the weighted average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total income (loss) per share amounts for the year.

In 2020, all quarters were significantly impacted by the property closures as a result of the COVID-19 pandemic. First quarter 2020 includes impairment charges of $171.1 million. Fourth quarter 2020 includes combined pretax gains of $53.9 million arising from the sale of the Eldorado property and the realization of a nonrecurring gain related to the property closures. Fourth quarter 2019 includes $34.2 million in pretax loss on early extinguishments of debt.