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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 243,314 $ 210,337 $ 731,276 $ 641,669
Expenses        
Other operating 4,815 3,805 16,409 11,456
Selling, general and administrative 57,106 47,359 170,288 135,180
Depreciation and amortization 29,611 23,330 86,852 71,421
Acquisition and severance expenses 428 1,243 3,095 3,107
Preopening expenses 243 21 [1] 1,759 858 [1]
(Gain) loss on disposal of assets (233) 774 599 1,069
Total expenses 233,433 200,614 695,659 596,170
Operating income 9,881 9,723 35,617 45,499
Non-operating income (expense)        
Interest expense, net (18,776) (16,291) (56,046) (47,100)
Loss on extinguishment and modification of debt     (9,150)  
Change in fair value of derivative (352) 1,222 (4,089) 5,895
Total non-operating expense, net (19,128) (15,069) (69,285) (41,205)
Income (loss) before income tax benefit (9,247) (5,346) (33,668) 4,294
Income tax benefit (provision) (200) 2,222 1,795 106
Net income (loss) $ (9,447) $ (3,124) $ (31,873) $ 4,400
Weighted-average common shares outstanding        
Basic 27,806 27,655 27,714 27,405
Dilutive impact of stock options and restricted stock units       1,787
Diluted 27,806 27,655 27,714 29,192
Net income (loss) per share        
Basic $ (0.34) $ (0.11) $ (1.15) $ 0.16
Diluted $ (0.34) $ (0.11) $ (1.15) $ 0.15
Gaming [Member]        
Revenues        
Total revenues $ 142,568 $ 127,764 $ 432,606 $ 394,173
Expenses        
Cost of goods and services sold 83,799 76,465 250,154 232,663
Food and beverage [Member]        
Revenues        
Total revenues 51,109 41,999 152,971 128,024
Expenses        
Cost of goods and services sold 41,020 34,508 119,450 103,451
Rooms [Member]        
Revenues        
Total revenues 35,347 28,227 102,148 82,014
Expenses        
Cost of goods and services sold 16,644 13,109 47,053 36,965
Other [Member]        
Revenues        
Total revenues $ 14,290 $ 12,347 $ 43,551 $ 37,458
[1] Preopening expenses include rent, organizational costs, non-capital costs associated with the opening of tavern and casino locations, and expenses related to The Strat rebranding and the launch of the TrueRewards loyalty program.