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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2015
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 promotional allowances | The amounts included in promotional allowances for the years ended December 31, 2015, 2014 and 2013 are as follows (in thousands):
Year ended December 31, |  | 2015 |  | 2014 |  | 2013 |
Rooms |  | $ | 34,708 |  | $ | 33,513 |  | $ | 36,132 |
Food and beverage |  |  | 111,144 |  |  | 106,908 |  |  | 118,143 |
Other |  |  | 9,135 |  |  | 9,898 |  |  | 11,184 |
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Total promotional allowances |  | $ | 154,987 |  | $ | 150,319 |  | $ | 165,459 |
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Schedule of estimated cost of providing complimentary services | The estimated cost of providing such complimentary services for the years ended December 31, 2015, 2014 and 2013 are as follows (in thousands):
Year ended December 31, |  | 2015 |  | 2014 |  | 2013 |
Rooms |  | $ | 4,199 |  | $ | 3,664 |  | $ | 5,971 |
Food and beverage |  |  | 44,012 |  |  | 44,325 |  |  | 48,431 |
Other |  |  | 3,582 |  |  | 3,635 |  |  | 4,072 |
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Total cost of complimentary services |  | $ | 51,793 |  | $ | 51,624 |  | $ | 58,474 |
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Allocation of net income attributable to shareholders under the two-class method |
Year ended December 31, |  | 2015 |
|  | (in thousands) |
Net income |  | $ | 686 |
Net income applicable to preferred stock |  |  | 67 |
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Net income applicable to common stock |  | $ | 619 |
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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, |  | 2015 |
|  | (in thousands) |
Determination of shares: |  |  |  |
Weighted-average common shares outstanding |  |  | 80,003 |
Assumed conversion of dilutive employee stock-based awards |  |  | 2,217 |
Assumed conversion of restricted stock |  |  | 60 |
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Diluted weighted-average common share outstanding before participating security |  |  | 82,280 |
Assumed conversion of preferred stock |  |  | 8,624 |
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Diluted weighted-average common shares outstanding |  |  | 90,904 |
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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, 2015 (in thousands, except per share data):
Year ended December 31, |  | 2015 |
Calculation of basic EPS: |  |  |  |
Net income applicable to common stock |  | $ | 619 |
Weighted-average common shares outstanding |  |  | 80,003 |
Basic EPS |  | $ | 0.01 |
Calculation of diluted EPS using two class method: |  |  |  |
Net income applicable to common stock |  | $ | 619 |
Diluted weighted-average common shares outstanding before participating security |  |  | 82,280 |
Diluted EPS |  | $ | 0.01 |
Weighted-average assumptions used in Black-Scholes option pricing model |
Year ended December 31, |  | 2015 |  | 2014 |  | 2013 |
Risk-free interest rate |  |  | 1.54 | % |  | 1.68 | % |  | 1.08 | %
Expected volatility |  |  | 36.68 | % |  | 44.80 | % |  | 46.27 | %
Dividend yield |  |  | — |  |  | — |  |  | — |
Weighted-average expected life (years) |  |  | 5.45 |  |  | 5.45 |  |  | 6.57 |

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