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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2017
Summary of Significant Accounting Policies |
Schedule of promotional allowances |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
|  | (in thousands) |
Rooms |  | $ | 10,298 |  | $ | 10,098 |  | $ | 19,493 |  | $ | 19,220 |
Food and beverage |  |  | 33,386 |  |  | 31,796 |  |  | 63,953 |  |  | 61,318 |
Other |  |  | 2,299 |  |  | 2,219 |  |  | 4,395 |  |  | 4,146 |
Total promotional allowances |  | $ | 45,983 |  | $ | 44,113 |  | $ | 87,841 |  | $ | 84,684 |
Schedule of estimated cost of providing complimentary services |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
|  | (in thousands) |
Rooms |  | $ | 1,480 |  | $ | 1,349 |  | $ | 2,736 |  | $ | 2,546 |
Food and beverage |  |  | 13,009 |  |  | 12,194 |  |  | 24,629 |  |  | 23,718 |
Other |  |  | 972 |  |  | 911 |  |  | 1,811 |  |  | 1,655 |
Total cost of complimentary services |  | $ | 15,461 |  | $ | 14,454 |  | $ | 29,176 |  | $ | 27,919 |
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,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
|  | (in thousands) |  | (in thousands)
Net income |  | $ | 17,079 |  | $ | 34,035 |  | $ | 22,183 |  | $ | 57,743
Net income applicable to preferred stock |  |  | — |  |  | 3,151 |  |  | — |  |  | 5,452
Net income applicable to common stock |  | $ | 17,079 |  | $ | 30,884 |  | $ | 22,183 |  | $ | 52,291
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,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
|  | (in thousands) |  | (in thousands)
Determination of shares: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  | 90,928 |  | 81,647 |  | 90,840 |  | 81,308
Assumed conversion of dilutive employee stock-based awards |  | 2,230 |  | 1,474 |  | 1,629 |  | 1,459
Assumed conversion of restricted stock |  | 81 |  | 34 |  | 74 |  | 42
Diluted weighted-average common shares outstanding before participating security |  | 93,239 |  | 83,155 |  | 92,543 |  | 82,809
Assumed conversion of preferred stock |  | — |  | 8,331 |  | — |  | 8,478
Diluted weighted-average common shares outstanding |  | 93,239 |  | 91,486 |  | 92,543 |  | 91,287
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 and six months ended June 30, 2017 and 2016 (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,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Calculation of basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 17,079 |  | $ | 30,884 |  | $ | 22,183 |  | $ | 52,291
Weighted-average common shares outstanding |  |  | 90,928 |  |  | 81,647 |  |  | 90,840 |  |  | 81,308
Basic EPS |  | $ | 0.19 |  | $ | 0.38 |  | $ | 0.24 |  | $ | 0.64
Calculation of diluted EPS using two-class method: |  |  |  |  |  |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 17,079 |  | $ | 30,884 |  | $ | 22,183 |  | $ | 52,291
Diluted weighted-average common shares outstanding before participating security |  |  | 93,239 |  |  | 83,155 |  |  | 92,543 |  |  | 82,809
Diluted EPS |  | $ | 0.18 |  | $ | 0.37 |  | $ | 0.24 |  | $ | 0.63
Weighted-average assumptions used in Black-Scholes option pricing model |
Six months ended June 30, |  | 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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