XML 64 R47.htm IDEA: XBRL DOCUMENT
v3.8.0.1

LONG-TERM DEBT (Details) |  | 12 Months Ended |  |
--- | --- | --- | --- | ---
Dec. 31, 2017 USD ($) | Dec. 31, 2017 USD ($) | Jul. 20, 2016 USD ($) | Jun. 30, 2016 USD ($)
Long-term debt |  |  |  |
Period over which Company believes existing cash balances will provide sufficient resources to fund operations |  | 12 months |  |
Amended and restated credit facility agreement, July 20, 2016 |  |  |  |
Long-term debt |  |  |  |
Maximum borrowing capacity | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 |
Remaining available borrowings | $ 223,200,000 | 223,200,000 |  |
Amount in which the maximum borrowing capacity can be permanently reduced |  | 500,000 |  |
Multiple which may be used to permanently reduce the maximum borrowing capacity under the credit facility |  | 50,000 |  |
Actual leverage ratio | 0.5 |  |  |
Actual fixed charge coverage ratio | 40.9 |  |  |
Amended and restated credit facility agreement, July 20, 2016 | Completion of expansion project at Monarch Casino Black Hawk |  |  |  |
Long-term debt |  |  |  |
Maximum borrowing capacity | $ 50,000,000 | $ 50,000,000 |  |
Amended and restated credit facility agreement, July 20, 2016 | LIBOR |  |  |  |
Long-term debt |  |  |  |
Margin added to variable rate (as a percent) | 1.00% |  |  |
Variable interest rate (as a percent) | 1.57% | 1.57% |  |
Amended and restated credit facility agreement, July 20, 2016 | Minimum |  |  |  |
Long-term debt |  |  |  |
Covenant fixed charge coverage ratio | 1.15 |  |  |
Commitment fee as a percentage of daily average unused revolving commitment |  | 0.175% |  |
Amended and restated credit facility agreement, July 20, 2016 | Minimum | LIBOR |  |  |  |
Long-term debt |  |  |  |
Margin added to variable rate (as a percent) |  | 1.00% |  |
Amended and restated credit facility agreement, July 20, 2016 | Minimum | Base Rate |  |  |  |
Long-term debt |  |  |  |
Margin added to variable rate (as a percent) |  | 0.00% |  |
Amended and restated credit facility agreement, July 20, 2016 | Maximum |  |  |  |
Long-term debt |  |  |  |
Covenant leverage ratio | 3.5 |  |  |
Commitment fee as a percentage of daily average unused revolving commitment |  | 0.45% |  |
Amended and restated credit facility agreement, July 20, 2016 | Maximum | Completion of expansion project at Monarch Casino Black Hawk |  |  |  |
Long-term debt |  |  |  |
Face amount of debt | $ 200,000,000 | $ 200,000,000 |  |
Amended and restated credit facility agreement, July 20, 2016 | Maximum | LIBOR |  |  |  |
Long-term debt |  |  |  |
Margin added to variable rate (as a percent) |  | 2.50% |  |
Amended and restated credit facility agreement, July 20, 2016 | Maximum | Base Rate |  |  |  |
Long-term debt |  |  |  |
Margin added to variable rate (as a percent) |  | 1.50% |  |
Credit facility, November 15, 2011 |  |  |  |
Long-term debt |  |  |  |
Maximum borrowing capacity |  |  |  | $ 100,000,000
Current borrowing capacity |  |  |  | 45,500,000
Mandatory reductions in borrowing capacity |  |  |  | 19,500,000
Voluntary reductions in borrowing capacity |  |  |  | $ 35,000,000
Revolving credit facility | Amended and restated credit facility agreement, July 20, 2016 |  |  |  |
Long-term debt |  |  |  |
Amount outstanding | 26,200,000 | $ 26,200,000 |  |
Standby Letter of Credit | Amended and restated credit facility agreement, July 20, 2016 |  |  |  |
Long-term debt |  |  |  |
Amount outstanding | 600,000 | $ 600,000 |  |
Amount drawn under the facility | $ 0 |  |  |

X
- Definition Represents the ratio of consolidated total debt to consolidated adjusted earnings before, interest, taxes, depreciation and amortization. + References No definition available. + Details
Name: | mcri_ConsolidatedLeverageRatio
Namespace Prefix: | mcri_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the ratio of consolidated adjusted earnings before interest, taxes, depreciation and amortization to interest expense, which is necessary to be maintained under the terms of the credit facilities' covenants. + References No definition available. + Details
Name: | mcri_DebtInstrumentCovenantConsolidatedLeverageRatio
Namespace Prefix: | mcri_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the ratio of earnings-before-interest-taxes-depreciation and amortization (EBITDA) to fixed charges allowed under the terms of the covenants of the credit facility. + References No definition available. + Details
Name: | mcri_DebtInstrumentCovenantFixedChargeCoverageRatio
Namespace Prefix: | mcri_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the ratio of consolidated adjusted earnings before interest, taxes, depreciation and amortization to fixed charges. + References No definition available. + Details
Name: | mcri_FixedChargeCoverageRatio
Namespace Prefix: | mcri_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of decrease of the credit facility from mandatory reductions pursuant to the agreement. + References No definition available. + Details
Name: | mcri_LineOfCreditFacilityMandatoryReductionInBorrowingCapacity
Namespace Prefix: | mcri_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Represents the amount in which the maximum borrowing capacity under the credit facility was permanently reduced. + References No definition available. + Details
Name: | mcri_LineOfCreditFacilityPermanentReductionAmountInMaximumBorrowingFacility
Namespace Prefix: | mcri_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the required multiple which may be used to permanently reduce the maximum borrowing capacity under the credit facility. + References No definition available. + Details
Name: | mcri_LineOfCreditFacilityPermanentReductionAmountInMaximumBorrowingFacilityMultiple
Namespace Prefix: | mcri_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of decrease of the credit facility from voluntary reductions as allowed under the agreement. + References No definition available. + Details
Name: | mcri_LineOfCreditFacilityVoluntaryReductionInBorrowingCapacity
Namespace Prefix: | mcri_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The period over which the Company believes that existing cash balances, cash flow from operations and borrowings available under the Amended Credit Facility will provide sufficient resources to fund operations, meet debt obligations, and fulfill capital expenditure plans. + References No definition available. + Details
Name: | mcri_PeriodOverWhichCompanyBelievesExistingCashBalancesWillProvideSufficientResourcesToFundOperations
Namespace Prefix: | mcri_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a rate subject to change from time to time. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtPercentageBearingVariableInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3255-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ProceedsFromLinesOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=mcri_AmendedAndRestatedCreditFacilityAgreement20July2016Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=mcri_CompletionOfExpansionProjectAtMonarchCasinoBlackHawkMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=mcri_AmendedAndRestatedCreditFacilityAgreement15November2011Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_StandbyLettersOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |