XML 49 R21.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Summary of Significant Accounting Policies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2015
Summary of Significant Accounting Policies |
Schedule of promotional allowances |
|  | Three Months Ended March 31, |
|  | 2015 |  | 2014 |
|  | (in thousands) |
Rooms |  | $ | 8,336 |  | $ | 8,071 |
Food and beverage |  | 27,448 |  | 26,598 |
Other |  | 2,104 |  | 2,262 |
Total promotional allowances |  | $ | 37,888 |  | $ | 36,931 |
Schedule of estimated cost of providing complimentary services |
|  | Three Months Ended March 31, |
|  | 2015 |  | 2014 |
|  | (in thousands) |
Rooms |  | $ | 1,054 |  | $ | 1,013 |
Food and beverage |  | 11,215 |  | 11,264 |
Other |  | 1,052 |  | 1,233 |
Total cost of complimentary services |  | $ | 13,321 |  | $ | 13,510 |
Schedule of allocation of net income attributable to shareholders under the two-class method |
|  | Three Months Ended March 31, |
|  | 2015 |  | 2014 |
|  | (in thousands) |
Net income |  | $ | 10,996 |  | $ | 4,537 |
Net income applicable to preferred stock |  | 1,077 |  | 452 |
Net income applicable to common stock |  | $ | 9,919 |  | $ | 4,085 |
Schedule of 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, |
|  | 2015 |  | 2014 |
|  | (in thousands) |
Determination of shares: |  |  |  |  |
Weighted-average common shares outstanding |  | 79,400 |  | 77,917 |
Assumed conversion of dilutive employee stock-based awards |  | 2,296 |  | 2,003 |
Assumed conversion of restricted stock |  | 72 |  | 135 |
Diluted weighted-average common shares outstanding before participating security |  | 81,768 |  | 80,055 |
Assumed conversion of preferred stock |  | 8,624 |  | 8,624 |
Diluted weighted-average common shares outstanding |  | 90,392 |  | 88,679 |
Schedule of calculation of basic EPS for the entity's common stock | The following table presents the calculation of basic EPS for the Company’s common stock (in thousands, except per share data):
|  | Three Months Ended March 31, |
|  | 2015 |  | 2014 |
Calculation of basic EPS: |  |  |  |  |
Net income applicable to common stock |  | $ | 9,919 |  | $ | 4,085 |
Weighted-average common shares outstanding |  | 79,400 |  | 77,917 |
Basic EPS |  | $ | 0.12 |  | $ | 0.05 |
Schedule of calculation of diluted EPS for the entity's common stock | The following table presents the calculation of diluted EPS for the Company’s common stock (in thousands, except per share data):
|  | Three months ended March 31, |
|  | 2015 |  | 2014 |
Calculation of diluted EPS using two-class method: |  |  |  |  |
Net income applicable to common stock |  | $ | 9,919 |  | $ | 4,085 |
Diluted weighted-average common shares outstanding before participating security |  | 81,768 |  | 80,055 |
Diluted EPS |  | $ | 0.12 |  | $ | 0.05 |
Weighted-average assumptions used in Black-Scholes option pricing model |
|  | 2015 |  | 2014 |
Risk-free interest rate |  | 1.54 | % | 1.68 | %
Expected volatility |  | 36.93 | % | 44.80 | %
Dividend yield |  | — |  | — |
Weighted-average expected life (years) |  | 5.45 |  | 5.45 |

X
- Definition Tabular disclosure of the allocation of net income attributable to the shareholders under the two-class method. + References No definition available. + Details
Name: | penn_ScheduleOfAllocationOfNetIncomeAttributableToShareholdersTwoClassMethodTableTextBlock
Namespace Prefix: | penn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the estimated cost of providing complimentary services. + References No definition available. + Details
Name: | penn_ScheduleOfEstimatedCostOfProvidingComplimentaryServicesTableTextBlock
Namespace Prefix: | penn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The retail value of accommodations, food and beverage and other services furnished to guests without charge. + References No definition available. + Details
Name: | penn_ScheduleOfEstimatedRetailValueOfPromotionalAllowancesTableTextBlock
Namespace Prefix: | penn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1311-109256 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration