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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2017
Summary of Significant Accounting Policies |
Schedule of promotional allowances |
|  | Three Months Ended March 31, |
|  | 2017 |  | 2016 |
|  | (in thousands)
Rooms |  | $ | 9,196 |  | $ | 9,122 |
Food and beverage |  |  | 30,566 |  |  | 29,521 |
Other |  |  | 2,096 |  |  | 1,928 |
Total promotional allowances |  | $ | 41,858 |  | $ | 40,571 |
Schedule of estimated cost of providing complimentary services |
|  | Three Months Ended March 31, |
|  | 2017 |  | 2016 |
|  | (in thousands) |
Rooms |  | $ | 1,268 |  | $ | 1,197 |
Food and beverage |  |  | 11,631 |  |  | 11,523 |
Other |  |  | 854 |  |  | 745 |
Total cost of complimentary services |  | $ | 13,753 |  | $ | 13,465 |
Schedule of allocation of net income attributable to shareholders under the two-class method |
|  | Three Months Ended March 31, |  | Three Months Ended March 31, |
|  | 2017 |  | 2016 |
|  | (in thousands) |
Net income |  | $ | 5,104 |  | $ | 23,708 |
Net income applicable to preferred stock |  |  | — |  |  | 2,282 |
Net income applicable to common stock |  | $ | 5,104 |  | $ | 21,426 |
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, |  | Three Months Ended March 31, |
|  | 2017 |  | 2016 |
|  | (in thousands) |
Determination of shares: |  |  |  |  |
Weighted-average common shares outstanding |  | 90,751 |  | 80,968 |
Assumed conversion of dilutive employee stock-based awards |  | 1,105 |  | 1,448 |
Assumed conversion of restricted stock |  | 61 |  | 51 |
Diluted weighted-average common shares outstanding before participating security |  | 91,917 |  | 82,467 |
Assumed conversion of preferred stock |  | — |  | 8,624 |
Diluted weighted-average common shares outstanding |  | 91,917 |  | 91,091 |
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 three months ended March 31, 2017 and 2016 (in thousands, except per share data):
|  | Three Months Ended March 31, |  | Three Months Ended March 31, |
|  | 2017 |  | 2016 |
Calculation of basic EPS: |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 5,104 |  | $ | 21,426 |
Weighted-average common shares outstanding |  |  | 90,751 |  |  | 80,968 |
Basic EPS |  | $ | 0.06 |  | $ | 0.26 |
Calculation of diluted EPS using two-class method: |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 5,104 |  | $ | 21,426 |
Diluted weighted-average common shares outstanding before participating security |  |  | 91,917 |  |  | 82,467 |
Diluted EPS |  | $ | 0.06 |  | $ | 0.26 |
Weighted-average assumptions used in Black-Scholes option pricing model |
Three months ended March 31, |  | 2017 |  | 2016 |  |
Risk-free interest rate |  | 1.97 | % | 1.20 | % |
Expected volatility |  | 30.67 | % | 31.22 | % |
Dividend yield |  | — |  | — |  |
Weighted-average expected life (years) |  | 5.30 |  | 5.40 |  |

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