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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2014
Summary of Significant Accounting Policies |
Schedule of promotional allowances |
|  | Three Months Ended March 31, |
|  | 2014 |  | 2013 |
|  | (in thousands) |
Rooms |  | $ | 8,071 |  | $ | 9,319 |
Food and beverage |  | 26,598 |  | 32,490 |
Other |  | 2,262 |  | 2,777 |
Total promotional allowances |  | $ | 36,931 |  | $ | 44,586 |
Schedule of estimated cost of providing complimentary services |
|  | Three Months Ended March 31, |
|  | 2014 |  | 2013 |
|  | (in thousands) |
Rooms |  | $ | 2,710 |  | $ | 3,239 |
Food and beverage |  | 18,872 |  | 21,979 |
Other |  | 1,330 |  | 1,644 |
Total cost of complimentary services |  | $ | 22,912 |  | $ | 26,862 |
Allocation of net income attributable to shareholders under the two-class method |
|  | Three Months Ended March 31, |
|  | 2014 |  | 2013 |
|  | (in thousands) |
Net income |  | $ | 4,537 |  | $ | 65,271 |
Net income applicable to preferred stock |  | 452 |  | 12,358 |
Net income applicable to common stock |  | $ | 4,085 |  | $ | 52,913 |
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 |
|  | Three Months Ended March 31, |
|  | 2014 |  | 2013 |
|  | (in thousands) |
Determination of shares: |  |  |  |  |
Weighted-average common shares outstanding |  | 77,917 |  | 77,553 |
Assumed conversion of dilutive employee stock-based awards |  | 2,003 |  | 2,940 |
Assumed conversion of restricted stock |  | 135 |  | 99 |
Diluted weighted-average common shares outstanding before participating security |  | 80,055 |  | 80,592 |
Assumed conversion of preferred stock |  | 8,624 |  | 22,295 |
Diluted weighted-average common shares outstanding |  | 88,679 |  | 102,887 |
Schedule of calculation of basic EPS for the Company's common stock |
|  | Three Months Ended March 31, |
|  | 2014 |  | 2013 |
Calculation of basic EPS: |  |  |  |  |
Net income applicable to common stock |  | $ | 4,085 |  | $ | 52,913 |
Weighted-average common shares outstanding |  | 77,917 |  | 77,553 |
Basic EPS |  | $ | 0.05 |  | $ | 0.68 |
Schedule of calculation of diluted EPS for the Company's common stock |
|  | Three months ended |
|  | March 31, 2014 |
Calculation of diluted EPS using two-class method: |  |  |
Net income applicable to common stock |  | $ | 4,085 |
Diluted weighted-average common shares outstanding before participating security |  | 80,055 |
Diluted EPS |  | $ | 0.05 |
|  | Three months ended |
|  | March 31, 2013 |
Calculation of diluted EPS using if-converted method: |  |  |
Net income |  | $ | 65,271 |
Diluted weighted-average common shares outstanding |  | 102,887 |
Diluted EPS |  | $ | 0.63 |
Weighted-average assumptions used in Black-Scholes option pricing model |
|  | 2014 |  | 2013 |
Risk-free interest rate |  | 1.68 | % | 1.08 | %
Expected volatility |  | 44.80 | % | 46.27 | %
Dividend yield |  | — |  | — |
Weighted-average expected life (years) |  | 5.45 |  | 6.57 |
Schedule of net of tax changes in accumulated other comprehensive income by component |
|  | Foreign Currency |  | Available for sale securities |  | Total |
Other comprehensive income (loss): |  |  |  |  |  |  |
Balance at December 31, 2012 |  | $ | 1,628 |  | $ | 1,394 |  | $ | 3,022 |
Foreign currency translation adjustment |  | (391 | ) | — |  | (391 | )
Unrealized holding losses on corporate debt securities |  | — |  | (99 | ) | (99 | )
Ending balance at March 31, 2013 |  | $ | 1,237 |  | $ | 1,295 |  | $ | 2,532 |
Balance at December 31, 2013 |  | $ | 383 |  | $ | — |  | $ | 383 |
Foreign currency translation adjustment |  | (700 | ) | — |  | (700 | )
Ending balance at March 31, 2014 |  | $ | (317 | ) | $ | — |  | $ | (317 | )
Schedule of estimated fair values of financial instruments |
|  | March 31, 2014 |  | December 31, 2013 |
|  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 287,695 |  | $ | 287,695 |  | $ | 292,995 |  | $ | 292,995 |
Financial liabilities: |  |  |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |  |  |
Senior secured credit facility |  | 741,944 |  | 742,502 |  | 748,777 |  | 748,150 |
Senior unsecured notes |  | 300,000 |  | 294,000 |  | 300,000 |  | 297,000 |

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