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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2016
Summary of Significant Accounting Policies |
Schedule of promotional allowances |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
|  | (in thousands) |
Rooms |  | $ | 10,098 |  | $ | 8,903 |  | $ | 19,220 |  | $ | 17,239 |
Food and beverage |  |  | 31,796 |  |  | 27,215 |  |  | 61,318 |  |  | 54,651 |
Other |  |  | 2,219 |  |  | 2,082 |  |  | 4,146 |  |  | 4,198 |
Total promotional allowances |  | $ | 44,113 |  | $ | 38,200 |  | $ | 84,684 |  | $ | 76,088 |
Schedule of estimated cost of providing complimentary services |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
|  | (in thousands) |
Rooms |  | $ | 1,349 |  | $ | 974 |  | $ | 2,546 |  | $ | 1,909 |
Food and beverage |  |  | 12,194 |  |  | 10,657 |  |  | 23,718 |  |  | 21,486 |
Other |  |  | 911 |  |  | 873 |  |  | 1,655 |  |  | 1,711 |
Total cost of complimentary services |  | $ | 14,454 |  | $ | 12,504 |  | $ | 27,919 |  | $ | 25,106 |
Schedule of allocation of net income attributable to shareholders under the two-class method |
|  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
|  | (in thousands) |  | (in thousands) |
Net income |  | $ | 34,035 |  | $ | 2,983 |  | $ | 57,743 |  | $ | 4,852 |
Net income applicable to preferred stock |  |  | 3,151 |  |  | 291 |  |  | 5,452 |  |  | 474 |
Net income applicable to common stock |  | $ | 30,884 |  | $ | 2,692 |  | $ | 52,291 |  | $ | 4,378 |
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, |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
|  | (in thousands) |  | (in thousands) |
Determination of shares: |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  | 81,647 |  | 79,758 |  | 81,308 |  | 79,580 |
Assumed conversion of dilutive employee stock-based awards |  | 1,474 |  | 2,298 |  | 1,459 |  | 2,301 |
Assumed conversion of restricted stock |  | 34 |  | 49 |  | 42 |  | 60 |
Diluted weighted-average common shares outstanding before participating security |  | 83,155 |  | 82,105 |  | 82,809 |  | 81,941 |
Assumed conversion of preferred stock |  | 8,331 |  | 8,624 |  | 8,478 |  | 8,624 |
Diluted weighted-average common shares outstanding |  | 91,486 |  | 90,729 |  | 91,287 |  | 90,565 |
Schedule of 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 the three and six months ended June 30, 2016 and 2015 (in thousands, except per share data):
|  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
Calculation of basic EPS: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 30,884 |  | $ | 2,692 |  | $ | 52,291 |  | $ | 4,378 |
Weighted-average common shares outstanding |  |  | 81,647 |  |  | 79,758 |  |  | 81,308 |  |  | 79,580 |
Basic EPS |  | $ | 0.38 |  | $ | 0.03 |  | $ | 0.64 |  | $ | 0.06 |
Calculation of diluted EPS using two-class method: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 30,884 |  | $ | 2,692 |  | $ | 52,291 |  | $ | 4,378 |
Diluted weighted-average common shares outstanding before participating security |  |  | 83,155 |  |  | 82,105 |  |  | 82,809 |  |  | 81,941 |
Diluted EPS |  | $ | 0.37 |  | $ | 0.03 |  | $ | 0.63 |  | $ | 0.05 |
Weighted-average assumptions used in Black-Scholes option pricing model |
|  | 2016 |  | 2015 |  |
Risk-free interest rate |  | 1.20 | % | 1.53 | % |
Expected volatility |  | 31.22 | % | 36.86 | % |
Dividend yield |  | — |  | — |  |
Weighted-average expected life (years) |  | 5.40 |  | 5.45 |  |

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