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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Schedule of Cash and Restricted Cash | The following table reconciles cash and restricted cash in the consolidated balance sheets to the total shown on the consolidated statements of cash flows.
| December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Cash and cash equivalents | $ | 123,445 |  |  | $ | 182,581 |  |  | $ | 77,580 |
Restricted cash | 3,110 |  |  | 2,921 |  |  | 3,851 |
Total cash and cash equivalents and restricted cash | $ | 126,555 |  |  | $ | 185,502 |  |  | $ | 81,431 |
Schedule of Cash and Restricted Cash | The following table reconciles cash and restricted cash in the consolidated balance sheets to the total shown on the consolidated statements of cash flows.
| December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Cash and cash equivalents | $ | 123,445 |  |  | $ | 182,581 |  |  | $ | 77,580 |
Restricted cash | 3,110 |  |  | 2,921 |  |  | 3,851 |
Total cash and cash equivalents and restricted cash | $ | 126,555 |  |  | $ | 185,502 |  |  | $ | 81,431 |
Schedule of Accounts Receivable | Accounts receivable, net consists of the following:
| December 31,
(in thousands) | 2020 |  | 2019
Accounts due from Rhode Island and Delaware(1) | $ | 3,880 |  |  | $ | 14,665 |
Gaming receivables | 7,893 |  |  | 5,008 |
Non-gaming receivables | 6,092 |  |  | 4,813 |
Accounts receivable, net | 17,865 |  |  | 24,486 |
Less: Allowance for doubtful accounts | (3,067) |  |  | (1,296) |
Accounts receivable, net | $ | 14,798 |  |  | $ | 23,190 |
(1) Represents the Company’s share of VLT and table games revenue for Twin River Casino Hotel and Tiverton Casino Hotel from the State of Rhode Island and receivables from the State of Delaware for Dover Downs’ share of VLT and table games revenue.
Schedule of Allowance for Doubtful Accounts | The activity for the allowance for doubtful accounts is as follows:
| December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Balance at beginning of year | $ | 1,296 |  |  | $ | 1,009 |  |  | $ | 845 |
Charges to expense | 353 |  |  | 239 |  |  | 202 |
Deductions | (653) |  |  | (16) |  |  | (38) |
Acquisitions | 2,013 |  |  | 64 |  |  | — |
Other adjustments(1) | 58 |  |  | — |  |  | — |
Balance at end of year | $ | 3,067 |  |  | $ | 1,296 |  |  | $ | 1,009 |
(1) Adjustment of $58 thousand resulting from Adoption of ASU 2016-13.
Property and Equipment | As of December 31, 2020 and 2019, property and equipment was comprised of the following:
| Estimated Useful Life (in years) |  | December 31,
|  | 2020 |  | 2019
Land |  |  | $ | 78,506 |  |  | $ | 35,146 |
Land improvements | 3-40 |  | 29,965 |  |  | 24,372 |
Building and improvements | 3-40 |  | 635,145 |  |  | 458,111 |
Equipment | 3-10 |  | 125,667 |  |  | 104,245 |
Furniture and fixtures | 3-10 |  | 30,277 |  |  | 22,764 |
Construction in process |  |  | 8,799 |  |  | 1,806 |
Total property, plant and equipment |  |  | 908,359 |  |  | 646,444 |
Less: Accumulated depreciation |  |  | (159,330) |  |  | (136,008) |
Property and equipment, net |  |  | $ | 749,029 |  |  | $ | 510,436 |
Schedule of Basic and Diluted EPS |
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
Net (loss) income applicable to common stockholders | $ | (5,487) |  |  | $ | 55,130 |  |  | $ | 72,078 |
Weighted average shares outstanding, basic | 31,315,151 |  |  | 37,705,179 |  |  | 36,938,943 |
Weighted average effect of dilutive securities | — |  |  | 114,438 |  |  | 1,612,765 |
Weighted average shares outstanding, diluted | 31,315,151 |  |  | 37,819,617 |  |  | 38,551,708 |
Per share data |  |  |  |  |
Basic | $ | (0.18) |  |  | $ | 1.46 |  |  | $ | 1.95 |
Diluted | $ | (0.18) |  |  | $ | 1.46 |  |  | $ | 1.87 |
Anti-dilutive shares excluded from the calculation of diluted earnings per share | 4,919,326 |  |  | 3,251 |  |  | — |

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