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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies

Schedule of the estimated useful lives of property and equipment

Land improvements		15 years
Building and improvements		5 to 31 years
Furniture, fixtures, and equipment		3 to 31 years

Schedule of net of tax changes in accumulated other comprehensive income by component

The net of tax changes in accumulated other comprehensive income by component were as follows (in thousands):

		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			(1,245	)		—			(1,245	)
Unrealized holding losses on corporate debt securities			—			(98	)		(98	)
Realized gain on redemption of corporate debt securities			—			(1,296	)		(1,296	)
​	​	​	​	​	​	​	​	​	​	​
Ending balance at December 31, 2013			383			—			383
Foreign currency translation adjustment			(1,665	)		—			(1,665	)
​	​	​	​	​	​	​	​	​	​	​
Ending balance at December 31, 2014		$	(1,282	)	$	—		$	(1,282	)
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of promotional allowances

        The amounts included in promotional allowances for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands):

Year ended December 31,		2014(2)			2013(1)(2)			2012(1)(2)
					(as restated)			(as restated)
Rooms		$	33,513		$	36,132		$	26,612
Food and beverage			106,908			118,143			100,453
Other			9,898			11,184			10,102
​	​	​	​	​	​	​	​	​	​	​
Total promotional allowances		$	150,319		$	165,459		$	137,167
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

(1)	The only restatements related to these periods are to reflect Hollywood Casino Perryville and Hollywood Casino Baton Rouge as discontinued operations.
(2)	Certain prior period amounts have been reclassified to conform to the current presentation.

Schedule of estimated cost of providing complimentary services

        The estimated cost of providing such complimentary services for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands):

Year ended December 31,		2014(2)			2013(1)(2)			2012(1)(2)
					(as restated)			(as restated)
Rooms		$	3,664		$	5,971		$	3,749
Food and beverage			44,325			48,431			42,153
Other			3,635			4,072			4,045
​	​	​	​	​	​	​	​	​	​	​
Total cost of complimentary services		$	51,624		$	58,474		$	49,947
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

(1)	The only restatements related to these periods are to reflect Hollywood Casino Perryville and Hollywood Casino Baton Rouge as discontinued operations.
(2)	Certain prior period amounts have been reclassified to conform to the current presentation.

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

Year ended December 31,		2012
		(Restated) (in thousands)
Net income		$	210,497
Net income applicable to preferred stock			40,738
​	​	​	​	​
Net income applicable to common stock		$	169,759
​	​	​	​	​
​	​	​	​	​

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
		(in thousands)
Determination of shares:
Weighted-average common shares outstanding			76,345
Assumed conversion of dilutive employee stock-based awards			2,305
Assumed conversion of restricted stock			159
Assumed conversion of preferred stock			24,995
​	​	​	​	​
Diluted weighted-average common shares outstanding			103,804
​	​	​	​	​
​	​	​	​	​

Calculation of basic and diluted EPS for the entity's common stock

        The following table presents the calculation of basic and diluted EPS for the Company's common stock for the year ended December 31, 2012 (in thousands, except per share data):

Year ended December 31,		2012
		(Restated)
Calculation of basic EPS:
Net income from continuing operations applicable to common stock		$	151,276
Weighted-average common shares outstanding			76,345
Basic earnings per common share		$	1.98
Calculation of basic EPS:
Net income from discontinued operations applicable to common stock		$	18,483
Weighted-average common shares outstanding			76,345
Basic earnings per common share		$	0.24
Calculation of diluted EPS using if-converted method:
Net income from continuing operations		$	187,578
Diluted weighted-average common shares outstanding			103,804
Diluted earnings per common share		$	1.81
Calculation of diluted EPS using if-converted method:
Net income from discontinued operations		$	22,919
Diluted weighted-average common shares outstanding			103,804
Diluted earnings per common share		$	0.22

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

Year ended December 31,		2014			2013			2012
Risk-free interest rate			1.68	%		1.08	%		0.84	%
Expected volatility			44.80	%		46.27	%		45.78	%
Dividend yield			—			—			—
Weighted-average expected life (years)			5.45			6.57			6.64

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