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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2013
Summary of Significant Accounting Policies  
Schedule of estimated fair values of financial instruments

  The estimated fair values of the Company's financial instruments are as follows (in thousands):

 
   2013   2012  
December 31,
  Carrying
Amount		   Fair
Value		   Carrying
Amount		   Fair
Value		  

Financial assets:

                          

Cash and cash equivalents

   $ 292,995   $ 292,995   $ 260,467   $ 260,467  

Investment in corporate debt securities

     —     —     6,790     6,790  

Financial liabilities:

    
 		    
 		    
 		    
 		  

Long-term debt

                          

Senior secured credit facility

     748,777     748,150     2,393,459     2,401,225  

Senior unsecured notes

     300,000     297,000     —     —  

Senior subordinated notes

     —     —     325,000     368,875  

Other long-term obligations

     —     —     10,000     10,000  
Schedule of the estimated useful lives of property and equipment

 

 

Land improvements

   5 to 15 years

Building and improvements

   5 to 40 years

Furniture, fixtures, and equipment

   3 to 31 years
Schedule of promotional allowances

 

 

Year ended December 31,
  2013   2012   2011  
 
   (in thousands)
  

Rooms

   $ 36,132   $ 26,612   $ 24,646  

Food and beverage

     123,263     108,250     106,687  

Other

     11,244     9,878     10,483  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total promotional allowances

   $ 170,639   $ 144,740   $ 141,816  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Schedule of estimated cost of providing complimentary services

 

 

Year ended December 31,
  2013   2012   2011  
 
   (in thousands)
  

Rooms

   $ 12,565   $ 9,814   $ 9,149  

Food and beverage

     85,257     74,263     76,357  

Other

     6,480     6,056     6,430  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total cost of complimentary services

   $ 104,302   $ 90,133   $ 91,936  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Allocation of net income attributable to shareholders under the two-class method

 

 

Year ended December, 31
  2012   2011  
 
   (in thousands)
  

Net income

   $ 211,971   $ 242,351  

Net income applicable to preferred stock

     41,023     46,101  
           
​ ​ ​ ​ ​ ​ ​ ​

Net income applicable to common stock

   $ 170,948   $ 196,250  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Reconciliation of the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS

 

 

Year ended December 31,
  2012   2011  
 
   (in thousands)
  

Determination of shares:

              

Weighted-average common shares outstanding

     76,345     77,991  

Assumed conversion of dilutive employee stock-based awards

     2,305     1,616  

Assumed conversion of restricted stock

     159     166  

Assumed conversion of preferred stock

     24,995     27,278  
           
​ ​ ​ ​ ​ ​ ​ ​

Diluted weighted-average common shares outstanding

     103,804     107,051  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Calculation of basic and diluted EPS for the entity's common stock

 

 

Year ended December 31,
  2013   2012   2011  
 
   (in thousands, except
per share data)
  

Calculation of basic EPS:

                    

Net (loss) income applicable to common stock

   $ (794,339 ) $ 170,948   $ 196,250  

Weighted-average common shares outstanding

     78,111     76,345     77,991  

Basic EPS

   $ (10.17 ) $ 2.24   $ 2.52  

Calculation of diluted EPS:

    
 		    
 		    
 		  

Net (loss) income

   $ (794,339 ) $ 211,971   $ 242,351  

Diluted weighted-average common shares outstanding

     78,111     103,804     107,051  

Diluted EPS

   $ (10.17 ) $ 2.04   $ 2.26  
Weighted-average assumptions used in Black-Scholes option pricing model

 

 

Year ended December 31,
  2013   2012   2011  

Risk-free interest rate

     1.08 %   0.84 %   1.04 %

Expected volatility

     46.27 %   45.78 %   47.60 %

Dividend yield

     —     —     —  

Weighted-average expected life (years)

     6.57     6.64     5.82