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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2018
Summary of Significant Accounting Policies |
Schedule of promotional allowances |
Three Months Ended June 30, |  | 2018
|  | (in thousands)
Lodging |  | $ | 10,616
Food and beverage |  |  | 23,775
Other |  |  | 1,033
Total amount recorded in food, beverage, hotel and other revenues and offset to gaming revenues |  | $ | 35,424
Six Months Ended June 30, |  | 2018
|  | (in thousands)
Lodging |  | $ | 20,303
Food and beverage |  |  | 46,750
Other |  |  | 2,010
Total amount recorded in food, beverage, hotel and other revenues and offset to gaming revenues |  | $ | 69,063
Schedule of estimated cost of providing complimentary services |
Three Months Ended June 30, |  | 2018
|  | (in thousands)
Lodging |  | $ | 1,541
Food and beverage |  |  | 8,857
Other |  |  | 283
Total cost of complimentary services included in food, beverage, hotel and other expense |  | $ | 10,681
Six Months Ended June 30, |  | 2018
|  | (in thousands)
Lodging |  | $ | 2,818
Food and beverage |  |  | 17,467
Other |  |  | 576
Total cost of complimentary services included in food, beverage, hotel and other expense |  | $ | 20,861
Schedule of disaggregation of revenue | Our revenue disaggregation by type of revenue and geographic location is as follows (in thousands):
Three Months Ended June 30, 2018 |  | Northeast |  | South/West |  | Midwest |  | Other |  | Total
Gaming |  | $ | 364,137 |  | $ | 99,762 |  | $ | 201,195 |  | $ | - |  | $ | 665,094
Food and beverage |  |  | 19,570 |  |  | 29,625 |  |  | 15,224 |  |  | 318 |  |  | 64,737
Lodging |  |  | 2,299 |  |  | 24,019 |  |  | 8,964 |  |  | - |  |  | 35,282
Racing |  |  | 4,890 |  |  | 99 |  |  | - |  |  | 1,661 |  |  | 6,650
Reimbursable management costs |  |  | 21,068 |  |  | 4,119 |  |  | - |  |  | - |  |  | 25,187
Other |  |  | 11,024 |  |  | 5,746 |  |  | 5,077 |  |  | 8,116 |  |  | 29,963
Total net revenues |  | $ | 422,988 |  | $ | 163,370 |  | $ | 230,460 |  | $ | 10,095 |  | $ | 826,913
Six Months Ended June 30, 2018 |  | Northeast |  | South/West |  | Midwest |  | Other |  | Total
Gaming |  | $ | 719,922 |  | $ | 197,310 |  | $ | 402,356 |  | $ | - |  | $ | 1,319,588
Food and beverage |  |  | 38,750 |  |  | 57,903 |  |  | 31,145 |  |  | 582 |  |  | 128,380
Lodging |  |  | 4,266 |  |  | 47,620 |  |  | 16,917 |  |  | - |  |  | 68,803
Racing |  |  | 10,167 |  |  | 106 |  |  | - |  |  | 3,188 |  |  | 13,461
Reimbursable management costs |  |  | 42,912 |  |  | 10,459 |  |  | - |  |  | - |  |  | 53,371
Other |  |  | 21,138 |  |  | 11,267 |  |  | 10,127 |  |  | 16,863 |  |  | 59,395
Total net revenues |  | $ | 837,155 |  | $ | 324,665 |  | $ | 460,545 |  | $ | 20,633 |  | $ | 1,642,998
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,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
|  | (in thousands) |  | (in thousands)
Determination of shares: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  | 91,468 |  | 90,928 |  | 91,330 |  | 90,840
Assumed conversion of dilutive employee stock-based awards |  | 3,319 |  | 2,230 |  | 3,299 |  | 1,629
Assumed conversion of restricted stock |  | 208 |  | 81 |  | 205 |  | 74
Diluted weighted-average common shares outstanding |  | 94,995 |  | 93,239 |  | 94,834 |  | 92,543
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, 2018 and 2017 (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,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Calculation of basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 53,988 |  | $ | 17,079 |  | $ | 99,425 |  | $ | 22,183
Weighted-average common shares outstanding |  |  | 91,468 |  |  | 90,928 |  |  | 91,330 |  |  | 90,840
Basic EPS |  | $ | 0.59 |  | $ | 0.19 |  | $ | 1.09 |  | $ | 0.24
Calculation of diluted EPS using two-class method: |  |  |  |  |  |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 53,988 |  | $ | 17,079 |  | $ | 99,425 |  | $ | 22,183
Diluted weighted-average common shares outstanding |  |  | 94,995 |  |  | 93,239 |  |  | 94,834 |  |  | 92,543
Diluted EPS |  | $ | 0.57 |  | $ | 0.18 |  | $ | 1.05 |  | $ | 0.24
Weighted-average assumptions used in Black-Scholes option pricing model |
Six months ended June 30, |  | 2018 |  | 2017 |
Risk-free interest rate |  | 2.26 | % | 1.97 | %
Expected volatility |  | 30.80 | % | 30.67 | %
Dividend yield |  | — |  | — |
Weighted-average expected life (years) |  | 5.30 |  | 5.30 |

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