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General - Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Debtors' reorganization items

The Debtors’ reorganization items consist of the following (in thousands):

	Six Months Ended June 30,
	2013			2012

(Recoveries) costs and expenses related to the reorganization	$	(180	)	$	1,049

Schedule of calculation of earnings per common share

Earnings per common share for the three-month periods ended June 30, 2013 and 2012 was calculated as follows (in thousands, except per share amounts):

	Three Months Ended June 30,
	2013		2012
Net income attributable to Six Flags Entertainment Corporation common stockholders	$	47,361	$	72,265
Weighted average common shares outstanding — basic	95,751		107,598
Effect of dilutive stock options	4,715		5,812
Weighted average common shares outstanding — diluted	100,466		113,410
Earnings per share — basic	$	0.49	$	0.67
Earnings per share — diluted	$	0.47	$	0.64

Schedule of weighted-average assumptions used to estimate the fair value of stock options granted

	June 30,
	2013		2012
Risk-free interest rate	1.19		1.72
Expected term (in years)	6.25		7.15
Expected volatility	39.21	%	41.97	%
Expected dividend yield	5.23	%	4.79	%

Schedule of stock option activity

	Shares		Weighted Avg. Exercise Price ($)	Weighted Avg. Remaining Contractual Term	Aggregate Intrinsic Value ($)
Balance at January 1, 2013	9,436,000		15.04
Granted	282,000		33.55
Exercised	(291,000	)	13.81
Canceled or exchanged	—		—
Forfeited	(190,000	)	16.89
Expired	(1,000	)	15.86
Balance at June 30, 2013	9,236,000		22.44	7.85	180,675,000
Vested and expected to vest at June 30, 2013	8,951,000		15.58	7.85	175,298,000
Options exercisable at June 30, 2013	657,000		12.79	7.52	14,693,000

Schedule of stock, restricted stock and restricted stock unit activity

	Shares		Weighted Average Grant Date Fair Value ($)
Non-vested balance at January 1, 2013	694,000		9.73
Granted	19,000		38.26
Vested	(24,000	)	23.79
Forfeited	(10,000	)	8.12
Cancelled	—		—
Non-vested balance at June 30, 2013	679,000		10.04

Schedule of stock-based compensation expense

During the three-month and six-month periods ended June 30, 2013 and 2012, stock-based compensation expense consisted of the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Long-Term Incentive Plan	$	7,227	$	14,968	$	14,272	$	31,917
Employee Stock Purchase Plan	95		156		147		216
Total Stock-Based Compensation	$	7,322	$	15,124	$	14,419	$	32,133