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REVENUE RECOGNITION (Tables) - ASU 2014-09 | 12 Months Ended
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Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
Schedule of departmental costs of providing promotional allowances | The estimated departmental costs of providing such promotional allowances were primarily included in casino operating expenses and were as follows (in thousands):
| Year ended December 31,
|  | 2017 |  |
Food and beverage |  | $ | 26,025 |  |
Hotel |  |  | 3,375 |  |
Other |  |  | 2,128 |  |
|  | $ | 31,528 |  |
Impact of adoption of ASC 606 on consolidated income statement | In accordance with the new revenue standard requirements, below is a disclosure of the impact of the adoption of ASC 606 on our consolidated income statement for the period ended December 31, 2019 and December 31, 2018 (in thousands):
|  | Year Ended December 31, 2019 |  |  |
|  |  | Post ASC 606 Adoption |  | ASC 606 Changes |  | Pre ASC 606 Adoption |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 128,010 | $ | 71,306 | $ | 199,316 |  | (a) (b) (c) (d) |
Food and beverage |  |  | 72,578 |  | (5,335) |  | 67,243 |  | (a) (d) (e) |
Hotel |  |  | 35,222 |  | (8,329) |  | 26,893 |  | (a) (f) |
Other |  |  | 13,356 |  | 230 |  | 13,586 |  | (a) (d) |
Gross revenues |  |  | 249,166 |  | 57,872 |  | 307,038 |  |  |
Less promotional allowances |  |  | — |  | (58,885) |  | (58,885) |  | (a) (d) |
Net revenues |  |  | 249,166 |  | (1,013) |  | 248,153 |  | (b) (c) (e) (f) |
Operating Expenses |  |  |  |  |  |  |  |  |  |
Casino |  |  | 45,259 |  | 29,563 |  | 74,822 |  | (b) (c) (g) |
Food and beverage |  |  | 57,367 |  | (22,670) |  | 34,697 |  | (e) (g) |
Hotel |  |  | 13,123 |  | (5,750) |  | 7,373 |  | (f) (g) |
Other |  |  | 6,543 |  | (2,156) |  | 4,387 |  | (g) |
Selling, general and administrative |  |  | 69,312 |  | — |  | 69,312 |  |  |
Depreciation and amortization |  |  | 14,875 |  | — |  | 14,875 |  |  |
Other operating items, net |  |  | 3,112 |  | — |  | 3,112 |  |  |
Total operating expenses |  |  | 209,591 |  | (1,013) |  | 208,578 |  |  |
Net income |  |  | 31,816 |  | — |  | 31,816 |  |  |
Basic |  | $ | 1.77 | $ | - | $ | 1.77 |  |  |
Diluted |  | $ | 1.70 | $ | - | $ | 1.70 |  |  |
|  | Year Ended December 31, 2018 |  |  |
|  |  | Post ASC 606 Adoption |  | ASC 606 Changes |  | Pre ASC 606 Adoption |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 125,844 | $ | 59,522 | $ | 185,366 |  | (a) (b) (c) (d) |
Food and beverage |  |  | 71,212 |  | (5,600) |  | 65,612 |  | (a) (d) (e) |
Hotel |  |  | 30,497 |  | (4,158) |  | 26,339 |  | (a) (f) |
Other |  |  | 12,762 |  | 143 |  | 12,905 |  | (a) (d) |
Gross revenues |  |  | 240,315 |  | 49,907 |  | 290,222 |  |  |
Less promotional allowances |  |  | — |  | (50,843) |  | (50,843) |  | (a) (d) |
Net revenues |  |  | 240,315 |  | (936) |  | 239,379 |  | (b) (c) (e) (f) |
Operating Expenses |  |  |  |  |  |  |  |  |  |
Casino |  |  | 43,791 |  | 33,174 |  | 76,965 |  | (b) (c) (g) |
Food and beverage |  |  | 54,002 |  | (28,550) |  | 25,452 |  | (e) (g) |
Hotel |  |  | 13,059 |  | (3,428) |  | 9,631 |  | (f) (g) |
Other |  |  | 6,206 |  | (2,132) |  | 4,074 |  | (g) |
Selling, general and administrative |  |  | 65,802 |  | — |  | 65,802 |  |  |
Depreciation and amortization |  |  | 14,617 |  | — |  | 14,617 |  |  |
Other operating items, net |  |  | 12 |  | — |  | 12 |  |  |
Total operating expenses |  |  | 197,489 |  | (936) |  | 196,553 |  |  |
Net income |  |  | 34,098 |  | — |  | 34,098 |  |  |
Basic |  | $ | 1.91 | $ | — | $ | 1.91 |  |  |
Diluted |  | $ | 1.83 | $ | — | $ | 1.83 |  |  |
| (a) |  | Change as a result of reclassification of current period complimentaries at estimated retail price from promotional allowances to casino, food and beverage, hotel, spa and retail revenues.
| (b) |  | Change as a result of reclassification of the earned and unused points during the period from casino expense to casino revenue.
| (c) |  | Change as a result of reclassification of the wide area progressive system expense from casino revenue to casino expense.
| (d) |  | Change as a result of the change of the casino floor bars menu prices and some retail outlets prices from discounted to retail price.
| (e) |  | Change as a result of reclassification of the banquets service fees from food and beverage expense to food and beverage revenue.
| (f) |  | Change as a result of reclassification of the group rebates and commissions from hotel expense to hotel revenue.
| (g) |  | Change as a result of the elimination of the reclassification journal entry that reclassified the costs of complimentaries from hotel, food and beverage and other expense categories to casino expense. Under ASC 606, the costs of complimentaries stay in the complimentaries revenue producing department.

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