Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Estimated Useful Lives of Assets

Purchases of property and equipment are stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method as follows:



Buildings and improvements	10 to 45 years
Land improvements	10 to 45 years
Leasehold interest in land	25 years
Airplanes	18 to 20 years
Furniture, fixtures and equipment	3 to 20 years

Summary of Estimated Cost of Promotional Allowances

The estimated cost of providing such promotional allowances is primarily included in casino expenses as follows (in thousands):



	Years Ended December 31,
	2014		2013		2012
Rooms	$	54,981	$	52,585	$	53,487
Food and beverage	120,070		112,897		107,882
Entertainment, retail and other	14,977		14,659		17,522
	$	190,028	$	180,141	$	178,891

Schedule of Assets and Liabilities Carried at Fair Value

The following table presents assets and liabilities carried at fair value (in thousands):



			Fair Value Measurements Using:
	December 31, 2014		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	1,156,285	$	828	$	1,155,457	—
Interest rate swaps	$	5,915	—		$	5,915	—
Restricted cash	$	977	$	977	—		—
Available-for-sale securities	$	250,313	—		$	250,313	—

Liabilities:
Redemption note	$	1,936,443	—		$	1,936,443	—


			Fair Value Measurements Using:
	December 31, 2013		Quoted Market Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	1,349,647	$	220,923	$	1,128,724	—
Interest rate swaps	$	10,308	—		$	10,308	—
Restricted cash	$	199,936	—		$	199,936	—
Available-for-sale securities	$	254,388	—		$	254,388	—

Liabilities:
Redemption note	$	1,936,443	—		$	1,936,443	—

Schedule of Shares used in Calculation of Earnings Per Share

The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amount):



	Years Ended December 31,
	2014		2013		2012
Numerator:
Net income attributable to Wynn Resorts, Ltd.	$	731,554	$	728,652	$	502,036

Denominator:
Weighted average common shares outstanding	100,927		100,540		103,092
Potential dilutive effect of stock options and restricted stock	1,004		1,101		1,157
Weighted average common and common equivalent shares outstanding	101,931		101,641		104,249

Net income attributable to Wynn Resorts, Ltd. per common share, basic	$	7.25	$	7.25	$	4.87
Net income attributable to Wynn Resorts, Ltd. per common share, diluted	$	7.18	$	7.17	$	4.82

Anti-dilutive stock options excluded from the calculation of diluted earnings per share	26		92		680