XML 48 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Significant Accounting Policies

Schedule of promotional allowances

		Three Months Ended June 30,						Six Months Ended June 30,
		2015			2014			2015			2014
		(in thousands)
Rooms		$	8,903		$	8,426		$	17,239		$	16,497
Food and beverage		27,215			26,790			54,651			53,389
Other		2,082			2,475			4,198			4,736
Total promotional allowances		$	38,200		$	37,691		$	76,088		$	74,622

Schedule of estimated cost of providing complimentary services

		Three Months Ended June 30,						Six Months Ended June 30,
		2015			2014			2015			2014
		(in thousands)
Rooms		$	974		$	891		$	1,909		$	1,758
Food and beverage		10,657			11,247			21,486			22,215
Other		873			913			1,711			1,755
Total cost of complimentary services		$	12,504		$	13,051		$	25,106		$	25,728

Schedule of allocation of net income attributable to shareholders under the two-class method

		Three Months Ended June 30,						Six Months Ended June 30,
		2015			2014			2015			2014
		(in thousands)
Net income		$	16,886		$	4,176		$	27,882		$	8,713
Net income applicable to preferred stock		1,648			414			2,726			866
Net income applicable to common stock		$	15,238		$	3,762		$	25,156		$	7,847

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 June 30,				Six Months Ended June 30,
		2015		2014		2015		2014
		(in thousands)
Determination of shares:
Weighted-average common shares outstanding		79,758		78,458		79,580		78,189
Assumed conversion of dilutive employee stock-based awards		2,298		1,800		2,301		1,903
Assumed conversion of restricted stock		49		54		60		97
Diluted weighted-average common shares outstanding before participating security		82,105		80,312		81,941		80,189
Assumed conversion of preferred stock		8,624		8,624		8,624		8,624
Diluted weighted-average common shares outstanding		90,729		88,936		90,565		88,813

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 June 30,						Six Months Ended June 30,
		2015			2014			2015			2014
Calculation of basic EPS:
Net income applicable to common stock		$	15,238		$	3,762		$	25,156		$	7,847
Weighted-average common shares outstanding		79,758			78,458			79,580			78,189
Basic EPS		$	0.19		$	0.05		$	0.32		$	0.10

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 June 30,						Six months ended June 30,
		2015			2014			2015			2014
Calculation of diluted EPS using two-class method:
Net income applicable to common stock		$	15,238		$	3,762		$	25,156		$	7,847
Diluted weighted-average common shares outstanding before participating security		82,105			80,312			81,941			80,189
Diluted EPS		$	0.19		$	0.05		$	0.31		$	0.10

Weighted-average assumptions used in Black-Scholes option pricing model

		2015		2014
Risk-free interest rate		1.75	%	1.68	%
Expected volatility		32.52	%	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

- References

No definition available.

+ 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 2



-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256



Reference 3: 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



Reference 4: 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 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 55



-Paragraph 52



-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258

+ 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