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Subsequent Events | 6 Months Ended
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Jun. 30, 2023
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events The Company’s management evaluates subsequent events through the date of issuance of the consolidated financial statements. O n July 25, 2023, the Company closed the Rocky Gap Transactions for aggregate cash consideration of $260 million, subject to adjustments, and incurred $0.3 million in transactions costs since the announcement of the sale, which were recorded in selling, general and administrative expenses during the fourth quarter of 2022 and for the six months ended June 30, 2023. In July 2023, the Company incurred an additional $8.0 million in transaction costs, $1.9 million of which were paid upon closing. The Company used a portion of the net cash proceeds from the sale of Rocky Gap to repay in full and discharge the Term Loan B under the Credit Facility. The Company’s $400 million Term Loan B-1 and undrawn $240 million Revolving Credit Facility remain outstanding. On July 27, 2023, the Board of Directors re-authorized the Company’s share repurchase program as discussed in “Note 7 — Shareholders’ Equity and Stock Incentive Plans” and authorized a one-time dividend as discussed in “Liquidity and Capital Resources” in Part I, item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations. There were no additional subsequent events that occurred after June 30, 2023 but prior to the date of issuance of the consolidated financial statements that would require adjustment to or disclosure in the consolidated financial statements as of and for the three and six months ended June 30, 2023.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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