0001558370-22-007564.txt : 20220506 0001558370-22-007564.hdr.sgml : 20220506 20220506130158 ACCESSION NUMBER: 0001558370-22-007564 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 54 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220506 DATE AS OF CHANGE: 20220506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MONARCH CASINO & RESORT INC CENTRAL INDEX KEY: 0000907242 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 880300760 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-22088 FILM NUMBER: 22900003 BUSINESS ADDRESS: STREET 1: 3800 S VIRGINIA STREET STREET 2: EXECUTIVE OFFICES CITY: RENO STATE: NV ZIP: 89502 BUSINESS PHONE: 775-335-4600 MAIL ADDRESS: STREET 1: 3800 S VIRGINIA STREET STREET 2: EXECUTIVE OFFICES CITY: RENO STATE: NV ZIP: 89502 10-Q 1 mcri-20220331x10q.htm 10-Q
0000907242--12-312022Q1P12M75400010200000P15Y3700000--12-31false0000907242mcri:StockRepurchasePlan22October2014Member2014-10-220000907242mcri:StockRepurchasePlan22October2014Member2022-01-192022-01-190000907242us-gaap:TreasuryStockCommonMember2021-01-012021-03-310000907242us-gaap:TreasuryStockCommonMember2022-01-012022-03-310000907242us-gaap:CommonStockMember2021-01-012021-03-310000907242us-gaap:CommonStockMember2022-01-012022-03-310000907242us-gaap:TreasuryStockCommonMember2022-03-310000907242us-gaap:RetainedEarningsMember2022-03-310000907242us-gaap:AdditionalPaidInCapitalMember2022-03-310000907242us-gaap:TreasuryStockCommonMember2021-12-310000907242us-gaap:RetainedEarningsMember2021-12-310000907242us-gaap:AdditionalPaidInCapitalMember2021-12-310000907242us-gaap:TreasuryStockCommonMember2021-03-310000907242us-gaap:RetainedEarningsMember2021-03-310000907242us-gaap:AdditionalPaidInCapitalMember2021-03-310000907242us-gaap:TreasuryStockCommonMember2020-12-310000907242us-gaap:RetainedEarningsMember2020-12-310000907242us-gaap:AdditionalPaidInCapitalMember2020-12-310000907242srt:MinimumMemberus-gaap:LandImprovementsMember2022-01-012022-03-310000907242srt:MinimumMemberus-gaap:FurnitureAndFixturesMember2022-01-012022-03-310000907242srt:MinimumMemberus-gaap:EquipmentMember2022-01-012022-03-310000907242srt:MinimumMemberus-gaap:BuildingMember2022-01-012022-03-310000907242srt:MinimumMemberus-gaap:BuildingImprovementsMember2022-01-012022-03-310000907242srt:MaximumMemberus-gaap:LandImprovementsMember2022-01-012022-03-310000907242srt:MaximumMemberus-gaap:FurnitureAndFixturesMember2022-01-012022-03-310000907242srt:MaximumMemberus-gaap:EquipmentMember2022-01-012022-03-310000907242srt:MaximumMemberus-gaap:BuildingMember2022-01-012022-03-310000907242srt:MaximumMemberus-gaap:BuildingImprovementsMember2022-01-012022-03-310000907242us-gaap:LeaseholdsAndLeaseholdImprovementsMember2022-03-310000907242us-gaap:LandMember2022-03-310000907242us-gaap:LandImprovementsMember2022-03-310000907242us-gaap:FurnitureAndFixturesMember2022-03-310000907242us-gaap:ConstructionInProgressMember2022-03-310000907242us-gaap:BuildingMember2022-03-310000907242us-gaap:BuildingImprovementsMember2022-03-310000907242mcri:RightOfUseAssetsMember2022-03-310000907242us-gaap:LeaseholdsAndLeaseholdImprovementsMember2021-12-310000907242us-gaap:LandMember2021-12-310000907242us-gaap:LandImprovementsMember2021-12-310000907242us-gaap:FurnitureAndFixturesMember2021-12-310000907242us-gaap:ConstructionInProgressMember2021-12-310000907242us-gaap:BuildingMember2021-12-310000907242us-gaap:BuildingImprovementsMember2021-12-310000907242mcri:RightOfUseAssetsMember2021-12-310000907242mcri:RelatedPartyLeasesForBillboardAdvertisingStorageSpaceAndParkingLotSpaceMembersrt:AffiliatedEntityMember2022-01-012022-03-310000907242mcri:RelatedPartyLeasesForBillboardAdvertisingStorageSpaceAndParkingLotSpaceMembersrt:AffiliatedEntityMember2021-01-012021-03-310000907242mcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2022-03-310000907242mcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2022-01-012022-03-310000907242mcri:ShoppingCenterDrivewayLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2022-01-012022-03-310000907242mcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2021-01-012021-03-310000907242mcri:ShoppingCenterDrivewayLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2021-01-012021-03-310000907242us-gaap:RetainedEarningsMember2022-01-012022-03-310000907242us-gaap:RetainedEarningsMember2021-01-012021-03-310000907242mcri:PeriodFromDecember312021AndThereafterMembermcri:TermLoanMember2020-09-030000907242mcri:PeriodFromDecember312020ToSeptember302021Membermcri:TermLoanMember2020-09-030000907242mcri:TermLoanFacilityMember2022-03-310000907242srt:MinimumMember2022-01-012022-03-310000907242srt:MaximumMember2022-01-012022-03-310000907242mcri:FourthAmendedCreditFacilityMember2020-09-030000907242mcri:TermLoanMember2022-03-310000907242mcri:GoldenRoadMotorInnInc.Membermcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2015-08-280000907242mcri:ShoppingCenterDrivewayLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2015-08-280000907242mcri:GoldenRoadMotorInnInc.Membermcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2022-01-012022-03-310000907242mcri:FourthAmendedCreditFacilityMember2022-03-310000907242mcri:TermLoanMember2022-01-012022-03-310000907242mcri:TermLoanFacilityMember2022-01-012022-03-310000907242us-gaap:StandbyLettersOfCreditMember2022-03-310000907242mcri:TermLoanMember2020-09-030000907242srt:MinimumMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-03-310000907242srt:MinimumMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMember2022-01-012022-03-310000907242srt:MaximumMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-03-310000907242srt:MaximumMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMember2022-01-012022-03-310000907242us-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-03-310000907242mcri:NextTwelveMonthsMembermcri:TermLoanMember2020-09-030000907242us-gaap:OccupancyMember2022-01-012022-03-310000907242us-gaap:HotelOtherMember2022-01-012022-03-310000907242us-gaap:FoodAndBeverageMember2022-01-012022-03-310000907242us-gaap:CasinoMember2022-01-012022-03-310000907242us-gaap:OccupancyMember2021-01-012021-03-310000907242us-gaap:HotelOtherMember2021-01-012021-03-310000907242us-gaap:FoodAndBeverageMember2021-01-012021-03-310000907242us-gaap:CasinoMember2021-01-012021-03-310000907242us-gaap:CommonStockMember2022-03-310000907242us-gaap:CommonStockMember2021-12-310000907242us-gaap:CommonStockMember2021-03-310000907242us-gaap:CommonStockMember2020-12-3100009072422020-12-310000907242mcri:ShoppingCenterDrivewayLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2022-03-310000907242mcri:GoldenRoadMotorInnInc.Memberus-gaap:BuildingMembermcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2015-08-280000907242mcri:GoldenRoadMotorInnInc.Memberus-gaap:BuildingMembermcri:ShoppingCenterSurfaceLotLeaseMember2015-08-280000907242us-gaap:EmployeeStockOptionMember2022-01-012022-03-310000907242us-gaap:EmployeeStockOptionMember2021-01-012021-03-310000907242us-gaap:SellingGeneralAndAdministrativeExpensesMember2022-01-012022-03-310000907242us-gaap:OccupancyMember2022-01-012022-03-310000907242us-gaap:FoodAndBeverageMember2022-01-012022-03-310000907242us-gaap:CasinoMember2022-01-012022-03-310000907242us-gaap:SellingGeneralAndAdministrativeExpensesMember2021-01-012021-03-310000907242us-gaap:OccupancyMember2021-01-012021-03-310000907242us-gaap:FoodAndBeverageMember2021-01-012021-03-310000907242us-gaap:CasinoMember2021-01-012021-03-310000907242us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310000907242us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-3100009072422021-03-3100009072422021-12-310000907242mcri:GoldenRoadMotorInnInc.Membermcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2022-03-310000907242mcri:ShoppingCenterDrivewayLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2015-08-282015-08-280000907242mcri:GoldenRoadMotorInnInc.Membermcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2015-11-170000907242mcri:ShoppingCenterDrivewayLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2004-09-300000907242mcri:GoldenRoadMotorInnInc.Membermcri:ShoppingCenterSurfaceLotLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2015-11-172015-11-170000907242mcri:ShoppingCenterDrivewayLeaseMembermcri:BiggestLittleInvestmentsLimitedPartnershipMember2004-09-302004-09-300000907242mcri:GoldenRoadMotorInnInc.Memberus-gaap:LandMembermcri:ShoppingCenterSurfaceLotLeaseMember2015-08-280000907242srt:MinimumMemberus-gaap:RevolvingCreditFacilityMember2022-03-310000907242us-gaap:RevolvingCreditFacilityMember2020-09-0300009072422022-03-3100009072422021-01-012021-03-310000907242srt:MinimumMembermcri:FourthAmendedCreditFacilityMember2022-03-310000907242srt:MaximumMembermcri:FourthAmendedCreditFacilityMember2022-03-310000907242us-gaap:RevolvingCreditFacilityMember2022-03-3100009072422022-05-0400009072422022-01-012022-03-31xbrli:sharesxbrli:pureiso4217:USDxbrli:sharesiso4217:USDmcri:itemutr:acreutr:sqftmcri:segment

c

United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2022

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from       to      .

Commission File No. 0-22088

Graphic

MONARCH CASINO & RESORT, INC.

(Exact name of registrant as specified in its charter)

Nevada

88-0300760

(State or Other Jurisdiction of

(I.R.S. Employer

Incorporation or Organization)

Identification No.)

3800 S. Virginia St.

Reno, Nevada

89502

(Address of Principal Executive Offices)

(ZIP Code)

Registrant’s telephone number, including area code: (775) 335-4600

N/A

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbols

Name of each exchange on which registered

Common Stock, $0.01 par value per share

MCRI

The Nasdaq Stock Market LLC

(Nasdaq-GS)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 18,875,124 shares of common stock are outstanding as of May 4, 2022.

TABLE OF CONTENTS

Item

Page
Number

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

3

Consolidated Statements of Income for the three months ended March 31, 2022 and 2021 (unaudited)

3

Consolidated Balance Sheets at March 31, 2022 (unaudited) and December 31, 2021

4

Consolidated Statements of Stockholders’ Equity for the three months ended March 31, 2022 and 2021 (unaudited)

5

Consolidated Statements of Cash Flows for the three months ended March 31, 2022 and 2021 (unaudited)

6

Notes to Consolidated Financial Statements (unaudited)

7

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

16

Item 3. Quantitative and Qualitative Disclosures About Market Risk

23

Item 4. Controls and Procedures

23

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

23

Item 1A. Risk Factors

23

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

24

Item 6. Exhibits

25

Signatures

25

2

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

MONARCH CASINO & RESORT, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

Three Months Ended March 31, 

 

2022

    

2021

    

Revenues

Casino

$

62,831

$

46,911

Food and beverage

26,047

16,206

Hotel

15,192

8,635

Other

4,248

3,208

Net revenues

108,318

 

 

74,960

Operating expenses

Casino

22,367

13,618

Food and beverage

20,731

14,095

Hotel

5,773

4,251

Other

2,082

1,520

Selling, general and administrative

24,183

19,925

Depreciation and amortization

10,516

9,514

Other operating items, net

1,317

754

Total operating expenses

86,969

 

 

63,677

Income from operations

21,349

 

 

11,283

Other expense

Interest expense, net of amounts capitalized

(650)

 

 

(1,619)

Income before income taxes

20,699

9,664

Provision for income taxes

(2,581)

(1,510)

Net income

$

18,118

 

$

8,154

 

Earnings per share of common stock

Net income

Basic

$

0.96

$

0.44

Diluted

$

0.92

$

0.42

Weighted average number of common shares and potential common shares outstanding

Basic

 

18,868

18,481

Diluted

 

19,592

19,283

The Notes to the Consolidated Financial Statements are an integral part of these statements.

3

MONARCH CASINO & RESORT, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except shares)

    

March 31, 2022

    

December 31, 2021

 

ASSETS

(Unaudited)

Current assets

Cash and cash equivalents

$

33,149

 

$

33,526

Receivables, net

7,487

 

8,881

Income taxes receivable

24,365

 

26,946

Inventories

6,972

 

7,159

Prepaid expenses

7,031

 

7,552

Total current assets

 

79,004

 

84,064

Property and equipment, net

 

586,543

 

580,807

Goodwill

 

25,111

 

25,111

Intangible assets, net

 

446

 

477

Total assets

$

691,104

 

$

690,459

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Current portion of long-term debt

$

20,000

$

20,000

Accounts payable

19,410

 

18,575

Construction accounts payable

51,625

58,891

Accrued expenses

 

42,710

 

42,967

Short-term lease liability

669

745

Total current liabilities

 

134,414

 

141,178

 

Deferred income taxes

19,617

19,617

Long-term lease liability

13,373

13,498

Long-term debt, net

 

58,511

 

68,152

Total liabilities

 

225,915

 

242,445

Stockholders’ equity

 

Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued

 

Common stock, $.01 par value, 30,000,000 shares authorized; 19,096,300 shares issued; 18,875,124 outstanding at March 31, 2022; 18,764,540 outstanding at December 31, 2021

191

191

Additional paid-in capital

 

44,263

 

41,426

Treasury stock, 221,176 shares at March 31, 2022; 331,760 shares at December 31, 2021

(8,121)

(4,341)

Retained earnings

 

428,856

 

410,738

Total stockholders’ equity

 

465,189

 

448,014

Total liabilities and stockholders’ equity

$

691,104

 

$

690,459

The Notes to the Consolidated Financial Statements are an integral part of these statements.

4

MONARCH CASINO & RESORT, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

(In thousands, except shares, Unaudited)

Common Stock

Additional

Shares

Paid-in

Retained

Treasury

    

Outstanding

    

Amount

    

Capital

    

Earnings

    

Stock

    

Total

Balance, January 1, 2022

 

18,764,540

 

$

191

 

$

41,426

 

$

410,738

 

$

(4,341)

 

$

448,014

Exercise of stock options, net

 

191,035

 

19

 

 

2,458

2,477

Restricted stock granted

19,549

1,658

262

1,920

Purchase of company common stock

(100,000)

(6,500)

(6,500)

Stock-based compensation expense

 

 

 

1,160

 

 

 

1,160

Net income

 

 

 

 

18,118

 

 

18,118

Balance, March 31, 2022

18,875,124

 

$

191

 

$

44,263

 

$

428,856

 

$

(8,121)

 

$

465,189

Common Stock

Additional

Shares

Paid-in

Retained

Treasury

    

Outstanding

    

Amount

    

Capital

    

Earnings

    

Stock

    

Total

Balance, January 1, 2021

 

18,426,130

 

$

191

 

$

34,498

 

$

342,250

 

$

(8,872)

 

$

368,067

Exercise of stock options, net

 

91,831

 

1,143

 

 

1,266

2,409

Stock-based compensation expense

 

 

 

1,280

 

 

 

1,280

Net income

 

 

 

8,154

 

 

8,154

Balance, March 31, 2021

 

18,517,961

 

$

191

 

$

36,921

 

$

350,404

 

$

(7,606)

 

$

379,910

The Notes to the Consolidated Financial Statements are an integral part of these statements.

5

MONARCH CASINO & RESORT, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands, Unaudited)

Three Months Ended March 31, 

    

2022

    

2021

Cash flows from operating activities:

Net income

$

18,118

 

$

8,154

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

 

10,516

 

9,514

Amortization of deferred loan costs

 

359

 

293

Stock-based compensation

 

1,160

 

1,280

Stock based compensation - restricted stock

50

Provision for bad debts

 

32

 

39

Gain on disposition of assets

 

(25)

 

Non-cash operating lease expense

(1)

(4)

Deferred income taxes

1

Changes in operating assets and liabilities:

Receivables

1,362

(4,025)

Income taxes receivable

2,581

1,511

Inventories

187

855

Prepaid expenses

521

1,071

Accounts payable

 

835

 

703

Accrued expenses

 

(257)

 

2,462

Net cash provided by operating activities

 

35,438

 

21,854

Cash flows from investing activities:

Proceeds from sale of assets

 

27

 

Change in construction accounts payable

(7,266)

497

Acquisition of property and equipment

(14,814)

(6,427)

Net cash used in investing activities

 

(22,053)

 

(5,930)

Cash flows from financing activities:

Payroll taxes from net exercise of stock options

 

(2,468)

 

Proceeds from exercise of stock options

5,206

2,409

Long-term debt borrowings

3,000

Principal payments on long-term debt

 

(13,000)

 

(22,500)

Purchase of company common stock

(6,500)

Net cash used in financing activities

 

(13,762)

 

(20,091)

Change in cash and cash equivalents

 

(377)

 

(4,167)

Cash and cash equivalents at beginning of period

 

33,526

 

28,310

Cash and cash equivalents at end of period

$

33,149

 

$

24,143

Supplemental disclosure of cash flow information:

Cash paid for interest, net of amounts capitalized

$

293

 

$

1,328

The Notes to the Consolidated Financial Statements are an integral part of these statements.

6

MONARCH CASINO & RESORT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

QUARTERLY PERIOD ENDED MARCH 31, 2022

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation:

Monarch Casino & Resort, Inc. was incorporated in 1993. Unless otherwise indicated, “Monarch,” “us,” “we,” and the “Company” refer to Monarch Casino & Resort, Inc. and its subsidiaries. Monarch owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the “Atlantis”) and Monarch Casino Resort Spa Black Hawk, a hotel and casino in Black Hawk, Colorado (the “Monarch Black Hawk”). In addition, Monarch owns separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado and Monarch Black Hawk. Monarch also owns Chicago Dogs Eatery, Inc. and Monarch Promotional Association, both of which were formed in relation to licensure requirements for extended hours of liquor operation in Black Hawk, Colorado.

The accompanying unaudited consolidated financial statements include the accounts of Monarch and its subsidiaries (the “Consolidated Financial Statements”). Intercompany balances and transactions are eliminated.

Interim Financial Statements:

The Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the management of the Company, all adjustments considered necessary for a fair presentation, consisting solely of a normal and recurring nature, are included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.

The balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements of the Company at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2021.

Segment Reporting:

The accounting guidance for disclosures about segments of an enterprise and related information requires separate financial information to be disclosed for all operating segments of a business. The Company determined that the Company’s two operating segments, Atlantis and Monarch Black Hawk, meet the aggregation criteria stipulated by ASC 280-10-50-11. The Company views each property as an operating segment and the two operating segments have been aggregated into one reporting segment.

Concentrations of Credit Risk and Credit Losses:

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables.

The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts.

The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.

7

The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.

As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.

The Company believes it is not exposed to any significant credit risk on cash and accounts receivable.

Inventories:

Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.

Property and Equipment, net:

Property and equipment, net consists of the following (in thousands):

    

March 31, 2022

    

December 31, 2021

 

Land

$

32,986

$

32,986

Land improvements

 

9,898

 

9,898

Buildings

 

476,070

 

474,571

Buildings improvements

 

55,974

 

55,432

Furniture and equipment

 

243,734

 

235,233

Construction in progress

 

13,619

 

8,211

Right of use assets

14,045

14,246

Leasehold improvements

 

3,848

 

3,848

 

850,174

 

834,425

Less accumulated depreciation and amortization

 

(263,631)

 

(253,618)

Property and equipment, net

$

586,543

$

580,807

 

Property and equipment are stated at cost, less accumulated depreciation and amortization. Property and equipment is depreciated principally on a straight-line basis over its estimated useful lives as follows:

Land improvements

    

15

-

40

years

Buildings

 

30

-

40

years

Building improvements

 

5

-

40

years

Furniture

 

5

-

10

years

Equipment

 

3

-

20

years

The Company evaluates property and equipment and other long-lived assets for impairment in accordance with the guidance for accounting for the impairment or disposal of long-lived assets. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is generally estimated based on comparable asset sales, solicited offers or a discounted cash flow model.

8

For assets to be held and used, the Company reviews fixed assets for impairment whenever indicators of impairment exist. If an indicator of impairment exists, we compare the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, the impairment is measured based on fair value compared to carrying value, with fair value typically based on a discounted cash flow model or market comparables, when available. For the three-month periods ended March 31, 2022 and 2021, there were no impairment charges.

Goodwill:

The Company accounts for goodwill in accordance with ASC Topic 350, Intangibles-Goodwill and Other (“ASC Topic 350”). ASC Topic 350 gives companies the option to perform a qualitative assessment that may allow them to skip the quantitative test as appropriate. The Company tests its goodwill for impairment annually during the fourth quarter, or whenever events or circumstances make it more likely than not that impairment may have occurred. Impairment testing for goodwill is performed at the reporting unit level, and each of the Company’s casino properties is considered to be a reporting unit.

As of March 31, 2022, we had goodwill totaling $25.1 million related to the purchase of Monarch Black Hawk, Inc.

ASC Topic 350 requires that goodwill be tested for impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. We performed an assessment to determine whether events or circumstances such as those described in ASC 350-20-35-3C existed and we determined that they did not exist during the interim period; therefore, an interim impairment test was not performed.

Debt Issuance Costs:

Costs incurred in connection with the issuance of long-term debt are amortized to interest expense over the term of the related debt agreement utilizing the effective interest rate method. Unamortized amounts of debt issuance costs are recorded as a reduction of the outstanding debt and included in “Long-term debt, net”.

As of March 31, 2022, debt issuance costs, net of amortization, were $1.5 million.

Revenue Recognition:

The majority of the Company’s revenue is recognized when products are delivered or services are performed. For certain revenue transactions (when a patron uses a club loyalty card), in accordance with Accounting Standard Update No. 2014-09 (“ASC 606”), a portion of the revenue is deferred until the points earned by the patron are redeemed or expire.

Casino revenue: Casino revenues represent the net win from gaming activity, which is the difference between the amounts won and lost, which represents the transaction price. Jackpots, other than the incremental amount of progressive jackpots, are recognized at the time they are won by customers. Funds deposited by customers in advance and outstanding chips and slot tickets in the customers’ possession are recognized as a liability until such amounts are redeemed or used in gaming play by the customer. Additionally, net win is reduced by the performance obligations for the players’ club program, progressive jackpots and any pre-arranged marker discounts. Progressive jackpot provisions are recognized in two components: 1) as wagers are made for the share of players’ wagers that are contributed to the progressive jackpot award, and 2) as jackpots are won for the portion of the progressive jackpot award contributed by the Company. Cash discounts and other cash incentives to guests related to gaming play are recorded as a reduction to gaming revenue.

9

Players’ Club Program: The Company operates a players’ club program under which as players perform gaming activities they earn and accumulate points, which may be redeemed for a variety of goods and services. Given the significance of the players’ club program and the ability for members to bank such points based on their past play, the Company has determined that players’ club program points granted in conjunction with gaming activity constitute a material right and, as such, represent a performance obligation associated with the gaming contracts. At the time points are earned, the Company recognizes deferred revenue at the standalone selling prices (“SSP”) of the goods and services that the points are expected to be redeemed for, with a corresponding decrease in gaming revenue. The points estimated SSP is computed as the cash redemption value of the points expected to be redeemed, which is determined through an analysis of all redemption activity over the preceding twelve-month period.

As of March 31, 2022, the Company had estimated the obligations related to the players’ club program at $9.6 million, which is included in Accrued Expenses in the Liabilities and Stockholders’ Equity section in the Consolidated Balance Sheet.

Food and Beverage, Hotel and Other (retail) Revenues: Food and Beverage, Hotel and Other Revenues in general are recognized when products are delivered or services are performed. The Company recognizes revenue related to the products and services associated with the players points’ redemptions at the time products are delivered or services are performed, with corresponding reduction in the deferred revenue, at SSP. Other complimentaries in conjunction with the gaming and other business are also valued at SSP. Hotel revenue is presented net of non-third-party rebates and commissions. The cost of providing these complimentary goods and services are included as expenses within their respective categories.

Other Revenues: Other revenues (excluding retail) primarily consist of commissions received on ATM transactions and cash advances, which are recorded on a net basis as the Company represents the agent in its relationship with the third-party service providers, and commissions and fees received in connection with pari-mutuel wagering, which are also recorded on a net basis.

Sales and other taxes: Sales taxes and other taxes collected from customers on behalf of governmental authorities are accounted for on a net basis and are not included in revenues or operating expenses. In addition, tips and other gratuities, excluding service charges, collected from customers on behalf of the Company’s employees are also accounted for on a net basis and are not included in revenues or operating expenses.

Other Operating items, net:

Other operating items, net, in general consist of miscellaneous operating charges or proceeds.

For the three months ended March 31, 2022, Other operating items, net, was $1.3 million and primarily represented professional service fees relating to our construction litigation. For the three months ended March 31, 2021, Other operating items, net, was $0.7 million and included: $0.6 million in professional service fees relating to our construction litigation; and $0.1 million of equipment, supplies and employee testing expenses directly attributable to the pandemic for reopening of the properties and incremental to normal operations.

Impact of Recently Adopted Accounting Standards:

The Company has evaluated the recently issued or proposed by the FASB or other standards-setting bodies accounting standards and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s Consolidated Financial Statements.

In addition, a variety of proposed or otherwise potential accounting standards are currently under review and study by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, the Company has not yet determined the effect, if any, the implementation of any such proposed or revised standards would have on the Company’s Consolidated Financial Statements.

10

NOTE 2. ACCOUNTING FOR LEASES

For leases with terms greater than 12 months, the Company records the related asset and obligation at the present value of the lease payments over the lease term. Certain of the Company’s leases include rental escalation clauses, renewal options and/or termination options that are factored into its determination of lease payments when appropriate. As permitted by ASC 842, the Company elected not to separate non-lease components from their related lease components.

As of March 31, 2022, the Company’s right of use assets consisted of the Parking Lot Lease, the Driveway Lease (each as defined and discussed in NOTE 5. RELATED PARTY TRANSACTIONS), as well as certain billboard leases.

Upon adoption of the new lease standard, incremental borrowing rates used for existing leases were established using the rates in effect as of the lease inception or modification date. The weighted-average incremental borrowing rate of the leases presented in the lease liability as of March 31, 2022 was 4.34%.

The weighted-average remaining lease term of the leases presented in the lease liability as of March 31, 2022 was 20.3 years.

Cash paid related to the operating leases presented in the lease liability for each of the three months ended March 31, 2022 and 2021, was $0.3 million and $0.4 million, respectively.

NOTE 3. STOCK-BASED COMPENSATION

In accordance with ASC 606, the Company records any excess tax benefits or deficiencies from its equity awards in its Consolidated Statements of Income in the reporting periods in which vesting occurs. As a result, the Company’s income tax expense and associated effective tax rate are impacted by fluctuations in stock price between the grant dates and vesting dates of equity awards.

Reported stock-based compensation expense was classified as follows (in thousands):

Three months ended

March 31, 

    

2022

    

2021

 

Casino

 

$

71

 

$

42

 

Food and beverage

 

48

 

46

Hotel

 

33

 

32

Selling, general and administrative

 

1,008

 

1,160

Total stock-based compensation, before taxes

 

1,160

 

1,280

Tax benefit

 

(244)

 

(269)

Total stock-based compensation, net of tax

 

$

916

 

$

1,011

 

11

NOTE 4. EARNINGS PER SHARE

Basic earnings per share is computed by dividing reported net earnings by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect the additional dilution for all potentially dilutive securities such as stock options. The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (shares in thousands):

Three months ended March 31, 

2022

2021

Per Share

Per Share

    

Shares

    

Amount

    

Shares

    

Amount

Basic

 

18,868

 

$

0.96

 

18,481

 

$

0.44

Effect of dilutive stock options

 

724

 

(0.04)

 

802

 

(0.02)

Diluted

 

19,592

 

$

0.92

 

19,283

 

$

0.42

Excluded from the computation of diluted earnings per share are options where the exercise prices are greater than the weighted assumed proceeds per share as their effects would be anti-dilutive in the computation of diluted earnings per share. For the three months ended March 31, 2022 and 2021, options for approximately 506 thousand and 210 thousand shares, respectively, were excluded from the computation.

NOTE 5. RELATED PARTY TRANSACTIONS

The shopping center adjacent to the Atlantis (the “Shopping Center”) is owned by Biggest Little Investments, L.P. (“BLI”). John Farahi and Bob Farahi, Co-Chairmen of the Board and executive officers of the Company, and Ben Farahi have significant holdings (the “Farahi Family Stockholders”) in Monarch and each also beneficially owns limited partnership interests in BLI. Maxum LLC is the sole general partner of BLI, and Ben Farahi is the sole managing member of Maxum LLC. Neither John Farahi nor Bob Farahi has any management or operational control over BLI or the Shopping Center. Until May 2006, Ben Farahi held the positions of Co-Chairman of the Board, Secretary, Treasurer and Chief Financial Officer of the Company.

On August 28, 2015, Monarch, through its subsidiary Golden Road Motor Inn, Inc., entered into a 20-year lease agreement with BLI for a portion of the Shopping Center, consisting of an approximate 46,000 square-foot commercial building on approximately 4.2 acres of land adjacent to the Atlantis (the “Parking Lot Lease”). This lease gives the Atlantis the right to use a parcel, approximately 4.2 acres, comprised of a commercial building and surrounding land adjacent to the Atlantis. The primary purpose of the Parking Lot Lease is to provide additional, convenient, Atlantis surface parking. The Company demolished the building and converted the land into approximately 300 additional surface parking spaces for the Atlantis. The minimum annual rent under the Parking Lot Lease is $695 thousand commencing on November 17, 2015. The minimum annual rent is subject to a cost of living adjustment increase on each five-year anniversary. In addition, the Company is responsible for the payment of property taxes, utilities and maintenance expenses related to the leased property. The Company has an option to renew the Parking Lot Lease for an additional ten-year term. If the Company elects not to exercise its renewal option, the Company will be obligated to pay BLI $1.6 million. For the three-month periods ended March 31, 2022 and 2021, the Company paid $187 thousand and $174 thousand in rent, respectively, plus $7 thousand in operating expenses relating to this lease for each of the periods. The right of use asset and lease liability balances as of March 31, 2022, recognized in the Consolidated Balance Sheet, was $10.2 million.

12

In addition, the Atlantis shares a driveway with the Shopping Center and leases approximately 37,400 square feet from BLI (the “Driveway Lease”) for an initial lease term of 15 years, which commenced on September 30, 2004, at an original annual rent of $300 thousand plus common area expenses. The annual rent is subject to a cost of living adjustment increase on each five-year anniversary of the Driveway Lease. Effective August 28, 2015, in connection with the Company entering into the Parking Lot Lease, the Driveway Lease was amended to: (i) make the Company solely responsible for the operation and maintenance costs of the shared driveway (including the fountains thereon); (ii) eliminate the Company’s obligation to reimburse the Shopping Center for its proportionate share of common area expenses; and (iii) exercise the three successive five-year renewal terms beyond the initial 15-year term in the existing Driveway Lease agreement. At the end of the renewal terms, the Company has the option to purchase the leased driveway section of the Shopping Center. For each of the three-month periods ended March 31, 2022 and 2021, the Company paid $101 thousand in rent plus $10 thousand and $8 thousand, respectively, in operating expenses relating to this lease. The right of use asset and lease liability balances as of March 31, 2022, recognized in the Consolidated Balance Sheet, was $3.7 million.

The Company occasionally leases billboard advertising, storage space and parking lot space from affiliates controlled by the Farahi Family Stockholders, and paid $81 thousand and $42 thousand, respectively, for the three-month periods ended March 31, 2022 and 2021, for such leases.

NOTE 6. LONG-TERM DEBT

On September 3, 2020, the Company entered into the Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, N.A., as administrative agent and certain banks (the “Fourth Amended Credit Facility”). On April 30, 2021, the Company entered into an amendment to the Fourth Amended Credit Facility (collectively, with all prior amendments, the “Amended Credit Facility”).

The maturity date of the Amended Credit Facility is September 3, 2023. The Amended Credit Facility increases the aggregate principal amount of the credit facilities to $270 million. The $270 million Amended Credit Facility consists of: a $200 million term loan (“Term Loan Facility”) and a $70 million revolving credit facility (“Revolving Credit Facility”), with an option to increase the Revolving Credit Facility by up to an additional $75 million.

As of March 31, 2022, the Company had an outstanding principal balance of $80 million under the Term Loan Facility, a $0.6 million letter of credit and no borrowings under the Revolving Credit Facility; $69.4 million remained available for borrowing.

The Company is required to make quarterly principal payments under the Term Loan Facility on each Term Loan Installment Date, commencing on December 31, 2020, in an amount equal to (x) the percentage set forth opposite the applicable period during which such Term Loan Installment Date occurs (i.e., 1.25% for the period from December 31, 2020 to September 30, 2021, and 2.50% for the period from December 31, 2021 and thereafter) multiplied by (y) $200 million. The estimated amount of the mandatory principal payments due in the next twelve months is $20 million.

Commencing with the delivery of the compliance certificate for fiscal year 2022, the Company may be required to prepay borrowings under the Amended Credit Facility using excess cash flows for each fiscal year, depending on the Company’s leverage ratio.

Borrowings are secured by liens on substantially all of the Company’s real and personal property.

In addition to other customary covenants for a facility of this nature, as of March 31, 2022, the Company is required to maintain a Total Leverage Ratio (as defined in the Amended Credit Facility) of no more than 4.5:1 and Fixed Charge Coverage Ratio (as defined in the Amended Credit Facility) of at least 1.15:1. As of March 31, 2022, the Company’s Total Leverage Ratio and Fixed Charge Coverage Ratio were 0.5:1 and 4.7:1, respectively.

The interest rate under the Amended Credit Facility is LIBOR plus a margin ranging from 1.00% to 2.00%, or a base rate (as defined in the Amended Credit Facility) plus a margin ranging from 0.00% to 1.00%, or the Prime Rate. The applicable margins vary depending on the Company’s leverage ratio. Commitment fees are equal to the daily average unused revolving commitment multiplied by the commitment fee percentage, ranging from 0.175% to 0.325%, based on our leverage ratio. As of March 31, 2022, the interest rate on the Term Loan Facility was 1.11%, or LIBOR plus a 1.00% margin.

13

On the terms and subject to some conditions, the Company may, at any time before the maturity date, request an increase of the Revolving Credit Facility, provided that each such increase is equal to $15 million or an integral multiple of $1 million in excess and, after giving effect to the requested increase, the aggregate amount of the increases in the total revolving loan commitment shall not exceed $75 million.

The Company may prepay borrowings under the Amended Credit Facility revolving loan without penalty (subject to certain conditions and certain charges applicable to the prepayment of LIBOR borrowings prior to the end of the applicable interest period). Once reduced or cancelled, the Revolving Credit Facility may not be increased or reinstated without the prior written consent of all lenders. During the first three months of 2022, the Company made $5 million in optional prepayments on its Term Loan Facility in addition to $5 million in mandatory payments.

As of March 31, 2022, the $58.5 million “Long-term debt, net” in the Company’s consolidated balance sheet represents the $80 million outstanding loan amount under the Amended Credit Facility, net of $1.5 million unamortized debt issuance costs and $20 million mandatory principal payments that are due in the next twelve months and presented as “Current portion of long-term debt” in the Current liabilities section of the Company’s consolidated balance sheet.

NOTE 7. TAXES

For the three months ended March 31, 2022 and 2021, the Company’s effective tax rate was 12.5% and 15.6%, respectively. The effective tax rate for the three months ended March 31, 2022 and 2021 was impacted by excess tax benefit on stock option exercises.

As of March 31, 2022, the $24.4 million “Income taxes receivable” in the Company’s consolidated balance sheet represents the expected federal and state tax refund for 2020 tax year, net of current year federal and state tax payable.

Deferred tax assets were evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies.

No uncertain tax positions were recorded as of March 31, 2022 and 2021. No change in uncertain tax positions is anticipated over the next twelve months.

NOTE 8. STOCK REPURCHASE PLAN

On October 22, 2014, the board of directors of Monarch authorized a stock repurchase plan (the “Repurchase Plan”). Under the Repurchase Plan, the board of directors authorized a program to repurchase up to 3,000,000 shares of the Company’s common stock in the open market or in privately negotiated transactions from time to time, in compliance with Rule 10b-18 of the Securities and Exchange Act of 1934, as amended, subject to market conditions, applicable legal requirements and other factors. The Repurchase Plan does not obligate the Company to acquire any particular amount of common stock and the plan may be suspended at any time at the Company’s discretion, and it will continue until exhausted. The actual timing, number and value of shares repurchased under the repurchase program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s stock, general market economic conditions and applicable legal requirements.

On January 19, 2022, under the authority of the Repurchase Plan, the Company purchased 100,000 shares for $6.5 million in a privately negotiated transaction. As of March 31, 2022, this was the only purchase made under the Repurchase Plan.

14

NOTE 9. LEGAL MATTERS

On August 30, 2019, PCL Construction Services, Inc. (“PCL”) filed a complaint in District Court, City and County of Denver, Colorado (the “Denver Action”), against the Company and its Colorado subsidiaries, in connection with certain disputes regarding construction of the Company’s expansion of Monarch Black Hawk. The complaint alleges, among other things, the defendants breached the construction contract with PCL and certain implied warranties. On December 5, 2019, the Company and its Colorado subsidiaries filed an answer and counterclaim, which alleges, among other items, that PCL breached the construction contract, duties of good faith and fair dealing, and implied and express warranties, made fraudulent or negligent misrepresentations on which the Company and its Colorado subsidiaries relied, and included claims for monetary damages as well as equitable and declaratory relief.

The trial date for this matter has again been rescheduled and is now set for September 6, 2022, based on PCL’s failure to produce relevant documents. Discovery in the action is thus ongoing, and we are currently unable to determine the probability of the outcome or reasonably estimate the loss or gain, if any.

In connection with the expansion of the Monarch Black Hawk, as described above, PCL and certain subcontractors have provided purported notice of liens filed against the real property on which the Monarch Black Hawk is situated (the “Monarch Black Hawk Property”), for sums allegedly owed for construction of the expansion.  Some of the subcontractors have recorded such liens in the property records of Gilpin County, Colorado. 

On March 26, 2021, PCL filed a mechanics’ lien foreclosure action in District Court, County of Gilpin, Colorado (the “Gilpin Action”), against the Company and its Colorado subsidiaries, in connection with the Company’s expansion plans for the Monarch Black Hawk Property. The complaint essentially mirrors the claims and allegations made by PCL in the Denver Action, as described above.  The new lawsuit includes an additional claim, however, for foreclosure of PCL’s purported mechanics’ lien against the Monarch Black Hawk Property. PCL also joined additional subcontractors as defendants who have claimed a purported lien against the Monarch Black Hawk Property.  Effective May 10, 2021, PCL filed its second amended complaint, joining more such parties as defendants. Many of the Company’s co-defendants have filed cross claims against Monarch for foreclosure of mechanics’ liens and related claims, including unjust enrichment, and have also filed counterclaims against PCL.  The Company and its Colorado subsidiaries filed an answer and counterclaims in the Gilpin Action on July 15, 2021.  Monarch has also filed answers to all cross claims, denying the claimants’ rights to relief.  The Company and its Colorado subsidiaries intend to defend against PCL’s claims and the cross claims filed by certain subcontractors, and will vigorously prosecute its counterclaims for damages. The case remains stayed pending the outcome of the Denver Action.

 

The Company recognized $1.3 million and $0.6 million in construction litigation expense relating to these lawsuits for the three months ended March 31, 2022 and 2021, respectively, which are included in Other operating items, net on the Consolidated Statements of Income.

From time to time, we may be subject to other legal proceedings and claims in the ordinary course of business. Management believes that the amount of any reasonably possible or probable loss for such other known matters would not have a material adverse impact on our financial conditions, cash flows or results of operations; however, the outcome of these actions is inherently difficult to predict.

15

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Unless otherwise indicated, “Monarch,” “Company,” “we,” “our,” and “us” refer to Monarch Casino & Resort, Inc. and its subsidiaries.

CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “believes,” “expects,” “anticipates,” “estimates,” “plans,” “intends,” “objectives,” “goals,” “aims,” “projects,” “forecasts,” “possible,” “seeks,” “may,” “will,” “could,” “should,” “might,” “likely,” “enable,” or similar words or expressions, as well as statements containing phrases such as “in our view,” or “we cannot assure you,” “although no assurance can be given,” Examples of forward-looking statements include, among others, statements we make regarding: (i) the impact of the COVID-19 pandemic, including any recent spikes in cases or any spread of new variants, on our revenues, cash flows, liquidity, construction projects, results of operations and financial condition; (ii) our expectations regarding the continued return to normalized operations; (iii) our beliefs regarding the sufficiency of our cash and other financial resources; (iv) our expectations regarding credit facility covenant compliance ; (v) our expectations regarding changes in our operations and services relating to government restrictions that may be imposed in light of COVID-19 pandemic measures; (vi) our beliefs regarding the quality of our properties as key factors in Monarch's long-term success; (vii) our expectations and beliefs concerning the expansion project at the Monarch Black Hawk (the "Monarch Black Hawk Expansion"), ; (viii) our expectations and intentions regarding the expenses, defenses and outcomes of the lawsuits filed by the construction project general contractor against us and our counterclaims against the contractor; (ix) our expectations regarding our business prospects, strategies, estimates and outlook; (x) our expectations regarding the positioning of our properties to benefit from future macro and local economic growth; (xi) our expectations regarding future capital requirements; (xii) our anticipated sources of funds and adequacy of such funds to meet our debt obligations and capital requirements; and (xiii) our expectations regarding legal and other matters.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:

adverse impacts of the COVID-19 pandemic and its variants on our business, financial condition, operating results, access to capital markets, and on short-term and long-term travel, leisure and discretionary spending habits and practices of our guests;
actions by government officials at the federal, state or local level, including, without limitation, temporary or extended shutdowns, travel restrictions, social distancing, shelter-in-place orders, and mask mandates in connection with the COVID-19 pandemic;
our ability to maintain strong relationships with our regulators, employees, lenders, suppliers, insurance carriers, customers and other stakeholders;
impact of any uninsured losses;
the adverse impact of cancellations and/or postponements of hotel stays and convention and trade shows on our business, market position, growth, financial condition and operating results;
a delay in or failure of the changes in guest visitation, entertainment choices and spending patterns, including a decrease in overall long-term demand;
potentially uninsurable liability exposure to customers and staff should they become (or allege that they have become) infected with COVID-19 while at one of our resorts;
unwillingness of employees to report to work due to the adverse effects of the COVID-19 pandemic, including any spikes in cases, or to otherwise conduct work under any revised work environment protocols;
unwillingness of our employees to obtain the COVID-19 vaccination;
the potential of increases in state and federal taxation to address budgetary and other impacts of the COVID-19 pandemic;

16

our ability to successfully implement our business and growth strategies;
our ability to realize the anticipated benefits of our expansion and renovation projects, including the Monarch Black Hawk Expansion;
our ongoing disputes over costs of and responsibility for delays, construction defects and other construction related matters with our Monarch Black Hawk general contractor, PCL Construction Services, Inc. (“PCL”), including, as previously reported, the litigations against us by such contractor and our filing of affirmative defenses and extensive counterclaims against PCL;
our potential need to post bonds or other forms of surety to support our legal remedies;
risks related to pending litigation, which is costly and time-consuming to defend, and if decided against us, could require us to pay substantial judgments or settlements. We cannot predict with certainty the outcomes of such legal proceedings, and the costs incurred in litigation can be substantial, regardless of the outcome. Substantial unanticipated verdicts, fines and rulings do sometimes occur;
our ability to generate sufficient operating cash flow to service our debt obligations and working capital needs and to help finance our expansion plans;
our ability to effectively manage expenses to optimize our margins and operating results;
our ability to effectively manage increased expenses from inflationary pressures, including wage inflation;
our ability to effectively manage the impacts of temporary or other supply chain interruptions;
our ability to successfully complete potential acquisitions and investments;
access to capital and credit, including our ability to finance future business requirements;
adverse trends in the gaming industry;
changes in patron demographics;
risks related to record heat conditions, drought conditions and fires in the Western United States;
general market and economic conditions, including but not limited to, the effects of local and national economic, housing and energy conditions on the economy in general and on the gaming and lodging industries in particular;
the impact of rising interest rates and our ability to refinance debt as it matures at commercially reasonable rates or at all;
fluctuations in interest rates, including the impact of any discontinuance, modification or other reform of LIBOR, or the establishment of alternative reference rates;
our dependence on two resorts;
ability of large stockholders to influence our affairs;
our dependence on key personnel;
the availability of adequate levels of insurance;
changes in federal, state, and local laws and regulations, including environmental and gaming licenses or legislation and regulations, and laws and regulations permitting expanded and other forms of gaming in our key markets;
ability to obtain and maintain gaming and other governmental licenses and regulatory approvals;
any violations by us of the anti-money laundering laws;
cybersecurity risks, including misappropriation of customer information or other breaches of information security;
impact of natural disasters, severe weather, terrorist activity and similar events;
our competitive environment, including increased competition in our target market areas;
increases in the effective rate of taxation at any of our properties or at the corporate level;
our ability to successfully estimate the impact of accounting, tax and legal matters;
the impact of the events occurring in Eastern Europe and the conflict taking place in Ukraine; and
risks, uncertainties and other factors described in Part I, Item 1A. “Risk Factors” and Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K for the year ended December 31, 2021 (the "2021 Form 10-K”) and our other filings with the Securities and Exchange Commission.

17

Any forward-looking statement made by us in this Form 10-Q is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update or revise any forward-looking statements as a result of future developments, events or conditions, except as required by law. New risks emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ significantly from those forecast in any forward-looking statements.

OVERVIEW

Monarch was incorporated in the state of Nevada in 1993. We own and operate the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the “Atlantis”) and Monarch Casino Resort Spa Black Hawk (the “Monarch Black Hawk”), a casino in Black Hawk, Colorado. In addition, we own separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado and Monarch Black Hawk.

We earn revenues, operating income and cash flow from Atlantis and Monarch Black Hawk, primarily through our casino, food and beverage, and hotel operations. We focus on delivering exceptional service and value to our guests. Our hands-on management style focuses on customer services and cost efficiencies.

Atlantis: Our business strategy is to maximize revenues, operating income and cash flow primarily through our casino, food and beverage, and hotel operations. We continuously upgrade our property and invest in technology. Reno remains a very healthy local-oriented market. The tight employment environment and wage pressure remain key challenges. We expect this to be a recurring trend for the market and Atlantis in the years ahead but we remain confident that our operating strategies will allow Atlantis to grow revenue as our market share continues to expand. With quality gaming, hotel and dining products, we believe the Atlantis is well positioned to benefit from future macro and local economic growth, as well as for possible adverse macro-economic conditions.

Monarch Black Hawk: Since the acquisition of Monarch Black Hawk in April 2012, our focus has been to maximize casino and food and beverage revenues while upgrading the existing facility and working on the major expansion. In August 2015, we completed the redesign and upgrade of the original Monarch Black Hawk property. In November 2016, we opened for guest use a new nine-story parking structure with approximately 1,350 spaces and additional valet parking, with total property capacity of approximately 1,500 spaces. In the first quarter of 2022, we completed our masterplan expansion, transforming the property into a full-scale casino resort, which includes a 23-story hotel with spa and pool at the top floor, expanded casino floor, poker room, sportsbook lounge, keno counter, five dining options and ten bars. Through its superior product and service, the property is positioned to attract and retain the upper segment of the market and grow incremental revenue and profit.

KEY PERFORMANCE INDICATORS

We use certain Key Performance Indicators (“KPI”) to manage our operation and measure our performance.

Gaming revenue KPI: Our management reviews on a consistent basis the volume metrics and hold percentage metrics for each gaming area. The main volume measurements are slot coin-in, table games drop, sportsbook write and keno write. Slot coin-in represents the dollar amount wagered in slot machines, including free promotional wagers. Table games drop represents the total amount of cash and net markers deposited in the table drop box. Keno write and sportsbook write represents the dollar amount wagered at our counters, along with sportsbook write made through our mobile wagering system. Volume metrics are important in managing the business, as our gaming win is affected by actual hold percentage, which in general varies from the expected hold percentage and historical hold percentage. Gaming win represents the amount of wagers retained by us. Hold percentage represents win as a percentage of slot coin-in, table game drop, sportsbook write, or keno write. Our win and hold percentages are calculated before discounts, commissions, deferring revenue associated with our loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis.

Food and Beverage revenue KPI: The main KPIs in managing our food and beverage (“F&B”) operations are covers and average revenue per cover. A cover represents the number of guests served and is an indicator of volume. Average revenue per cover represents the average amount spent per food and beverage outlets’ served guests. Changes in the average revenue per cover might be an indicator for changes in menu offerings, changes in menu prices or may indicate changes in our guests’ preferences and purchasing habits.

18

Hotel revenue KPI: The main KPIs used in managing our hotel operation are the occupancy rate (a volume indicator), which is the average percentage of available hotel rooms occupied during a period, and the average daily rate (“ADR”, a price indicator), which is the average price per sold room. Available rooms exclude those rooms unavailable for occupancy during the period due to renovation, development, or other requirements. Sold rooms include rooms where the guests do not show up for their stay and lose their deposit. The calculations of the occupancy rate and ADR include the impact of rooms provided on a complimentary basis. Revenue per available room ("RevPAR") represents total hotel revenue per available room and is a representation of the occupancy rate, ADR and miscellaneous hotel sales.

Operating margins: Our management is consistently focused on controlling expenses and finding cost savings, without affecting the quality of the product we offer and our guests’ services and experience. We measure our performance using expense margin, which is a percentage of direct expenses, including labor, cost of product and any other operating expenses related to the gaming, food and beverage, or hotel operation to the net gaming, food and beverage, or hotel revenues. Selling, general and administrative (“SG&A”) margin represents SG&A expenses for a period as a percentage of total net revenue for a period. In managing the food and beverage operation we use Cost Of Goods Sold (“COGS”) percentage, which represents a percentage of product cost to the food and beverage revenue and is a measurement of commodity prices and menu sales prices.

Our management evaluates the KPI as compared to prior periods, the peer group, or market, as well as for any trends.

RESULTS OF OPERATIONS

Impact of the COVID-19 Pandemic

Monarch’s comparison of operating results for the reported periods were impacted by the COVID-19 pandemic.

Following the reopening of our operations in June 2020 and through the three-month period ended March 31, 2021, we continued to operate under government-imposed capacity restrictions on our operations and various COVID-19 safety protocols. We were continually adjusting our operations to the restrictions in occupancy and social distancing requirements, which included reduced seating at table games and in all restaurants, and a decreased number of active slot machines on the casino floors.

The convention business at Atlantis was adversely affected by the state-mandated gathering limits. Since the reopening, guest visitation and hotel and convention bookings have been and continue to be inconsistent. The demand for convention bookings has been lower than prior to the state-mandated closures, and is expected to remain lower for the near future.

We will continue to evaluate the nature and extent of the impact to our business, results of operations, and financial condition.

Monarch Casino Resort Spa Black Hawk expansion

Our financial results for the three months ended March 31, 2022 benefited from the phased opening of operations at our newly transformed Monarch Black Hawk, which opening started in the fourth quarter of 2020. The new hotel, including a spa and pool on the top floor, was fully operational by the end of the second quarter of 2021. In May 2021, we opened our new poker room. In December 2021, we opened our sportsbook lounge, and in February 2022, our new specialty restaurant. In the first quarter of 2022 compared to the same period in 2021, the average daily number of slot machines had increased by approximately 260, the average daily table games by approximately 13 and the average daily available rooms by approximately 220. In addition, the property’s table games revenue in the current period benefited from the elimination of betting limits and additional table games variety, effective May 2021.

19

Comparison of Operating Results for the Three-Month Periods Ended March 31, 2022 and 2021

For the three months ended March 31, 2022, our net income totaled $18.1 million, or $0.92 per diluted share, compared to net income of $8.2 million, or $0.42 per diluted share for the same period in 2021, reflecting a 122.2% and 119.0% increase in net income and diluted earnings per share, respectively. Net revenues in the three months ended March 31, 2022, totaled $108.3 million, an increase of $33.4 million, or 44.5%, compared to the three months ended March 31, 2021. Income from operations for the three months ended March 31, 2022, totaled $21.3 million compared to income from operations of $11.3 million for the same period in 2021.

Casino revenue increased 33.9% in the first quarter of 2022 compared to the first quarter of 2021. The increase in casino revenue was driven primarily by the increase in gaming devices with the complete opening of our expanded casino in Black Hawk, the removal of Colorado table game bet limit and higher guest spend per visit at both properties. Casino operating expense as a percentage of casino revenue increased to 35.6% for the three months ended March 31, 2022, compared to 29.0% for the three months ended March 31, 2021, primarily due to increases in gaming tax expense and labor expense.

Food and beverage revenue for the first quarter of 2022 increased 60.7% compared to the first quarter of 2021 due to a 47.6% increase in food and beverage covers, combined with an increase in food and beverage revenue per cover of 8.9%. The increase in covers is primarily a result of the opening of a new restaurant at Monarch Black Hawk in early 2022 as well as buffet covers in the first quarter of 2021 at both properties being negatively impacted by COVID-19 related restrictions and lower guest demand. Food and beverage operating expense as a percentage of food and beverage revenue decreased in the first quarter of 2022 to 79.6% compared to 87.0% for the same quarter in 2021 primarily due to improvements in labor costs management and higher revenue per cover.

Hotel revenue increased 75.9% in the first quarter of 2022 compared to the same quarter of 2021 as a result of an average daily increase in available rooms by approximately 220, with the staged opening of the hotel at Monarch Black Hawk. Hotel occupancy was 76.5% during the current year period compared to 71.1% during the first quarter of 2021. ADR increased by $59.03 ($170.73 in the first quarter of 2022 and $111.70 in the first quarter of 2021). REVPAR was $142.78 and $86.59 for the three months ended March 31, 2022 and 2021, respectively. Hotel operating expense as a percentage of hotel revenue decreased to 38.0% in the first quarter of 2022 compared to 49.2% for the comparable prior year period primarily as a result of the increase in ADR and the ramp-up in hotel operation at Monarch Black Hawk, despite higher housekeeping expenses related to labor shortage and wage pressure.

Other revenue increased 32.4% in the first quarter of 2022 compared to the same prior year period primarily due to the addition of a retail outlet and spa at Monarch Black Hawk.

SG&A expense increased to $24.2 million in the first quarter of 2022 from $19.9 million in the first quarter of 2021 driven primarily by the additional G&A expenses to support the expanded Monarch Black Hawk as well as an increase in overall labor expense. As a percentage of net revenue, SG&A expense decreased to 22.3% in the first quarter of 2022 compared to 26.6% in the same period in 2021.

Depreciation and amortization expense increased to $10.5 million for the three months ended March 31, 2022, compared to $9.5 million for the same prior year period, due to new assets placed into service with the completed opening of our hotel tower and expanded casino at Monarch Black Hawk.

During the first quarter of 2022, we recognized $1.3 million in professional service fees relating to our construction litigation. During the first quarter of 2021, we recognized $0.6 million in professional service fees relating to our construction litigation; and $0.1 million of equipment, supplies and employee testing expenses directly attributable to the pandemic for reopening of the properties and incremental to normal operations. These expenses are included in Other operating items, net in the Consolidated Statements of Income.

In the first quarter of 2022 we expensed $0.3 million of interest and amortized $0.4 million in deferred loan costs. In the first quarter of 2021, we expensed $1.3 million of interest and amortized $0.3 million in deferred loan costs. See further discussion of our Amended Credit Facility in the LIQUIDITY AND CAPITAL RESOURCES section below.

20

CAPITAL SPENDING AND DEVELOPMENT

We seek to continually upgrade and maintain our facilities in order to present a fresh, high quality product to our guests.

Cash paid for capital expenditures for the three-month periods ended March 31, 2022 and 2021 totaled $22.1 million and $5.9 million, respectively. During the three-month period ended March 31, 2022 our capital expenditures related primarily to: the redesign and upgrade of hotel rooms in the first tower at Atlantis; the completion of the transformation of part of the Monarch Black Hawk legacy facility; and the acquisition of gaming and other equipment to upgrade and replace existing equipment at Atlantis and Monarch Black Hawk. During the three-month period ended March 31, 2021 our capital expenditures related primarily to redesign of part of the legacy Monarch Black Hawk building and the acquisition of gaming and other equipment to upgrade and replace existing equipment at Atlantis and Monarch Black Hawk. Capital expenditures during each of the first three months 2022 and 2021 were funded from operating cash flows.

Monarch Black Hawk Expansion

In 2013, we began work to convert the Monarch Black Hawk into a full-scale casino resort spa. The multi-phased expansion of the Monarch Casino Resort Spa Black Hawk involved construction of a new parking structure beginning in 2016, demolition of the original parking structure in 2017, construction of a new hotel tower and casino expansion and redesign and upgrade of a part of the legacy facility, which were completd in February 2022.

In the fourth quarter of 2020, we began the phased opening of our new hotel tower and casino expansion, which increased the casino space and added a 23-story hotel tower with 516 guest rooms and suites, banquet and meeting room space, a retail store, a concierge lounge, an upscale spa and pool facility located on the top floor of the tower, three new restaurants, and additional bars and lounges. In 2021, we added a poker room, a keno counter, a sportsbook, sports lounge and bar, as well as additional slot machines in the legacy facility. In February 2022, we completed the Monarch Black Hawk expansion with the opening of a new specialty restaurant.

We are confident that the quality of our expanded product and exceptional guest service will meet the demand of the high-end segment of the market and will derive accelerated market share and revenue growth.

LIQUIDITY AND CAPITAL RESOURCES

Our principal sources of liquidity have been cash provided by operations and, for capital expansion projects, borrowings available under our Amended Credit Facility.

For the three months ended March 31, 2022, net cash provided by operating activities totaled $35.4 million, compared to net cash provided by operating activities of $21.9 million in the same prior year period. This increase was primarily a result of increases in net income, and depreciation expense, as we continue to place in service new assets until the full completion of the Monarch Black Hawk expansion, combined with a decrease in working capital.

Net cash used in investing activities totaled $22.1 million and $5.9 million during the three months ended March 31, 2022 and 2021, respectively. Net cash used in investing activities during the first three months of 2022 consisted primarily of cash used for the redesign and upgrade of hotel rooms in the first tower at Atlantis, the transformation of part of the Monarch Black Hawk legacy facility and for acquisition of gaming and other equipment at both properties. Net cash used in investing activities during the first three months of 2021 consisted primarily of cash used for redesign of part of the legacy Monarch Black Hawk building and for acquisition of gaming and other equipment at both properties.

Net cash used in financing activities in the first three months of 2022 totaled $13.8 million and consisted of $10.0 million in principal payments on the credit facility and $6.5 million cash used for purchase of Company stock under the Repurchase Plan partially offset by $2.7 million of net proceeds from stock options exercise. Net cash used in financing activities in the first three months of 2021 totaled $20.1 million and consisted of $22.5 million principal payments on the credit facility partially offset by $2.4 million proceeds from the stock options exercise.

21

Amended Credit Facility

On September 3, 2020, we entered into the Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, N.A., as administrative agent and certain banks (the “Fourth Amended Credit Facility”). On April 30, 2021, we entered into an amendment to the Fourth Amended Credit Facility (defined above and hereafter, inclusive of all amendments, as the “Amended Credit Facility”).

The maturity date of the Amended Credit Facility is September 3, 2023. The Amended Credit Facility increases the aggregate principal amount of the credit facilities to $270 million. The $270 million Amended Credit Facility consists of a $200 million term loan (“Term Loan Facility”) and a $70 million revolving credit facility (“Revolving Credit Facility”), together with an option to increase the facility by up to an additional $75 million Revolving Credit Facility.

As of March 31, 2022, we had an outstanding principal balance of $80 million under the Term Loan Facility, a $0.6 million letter of credit and no borrowings under the Revolving Credit Facility; $69.4 million remained available for borrowing.

We are required to make quarterly principal payments under the Term Loan Facility on each Term Loan Installment Date, commencing on December 31, 2020, in an amount equal to (x) the percentage set forth opposite the applicable period during which such Term Loan Installment Date occurs (i.e., 1.25% for the period from December 31, 2020 to September 30, 2021, and 2.50% for the period from December 31, 2021 and thereafter) multiplied by (y) $200 million. The estimated amount of the mandatory principal payments due in the next twelve months is $20 million.

Commencing with the delivery of the compliance certificate for fiscal year 2022, we may be required to prepay borrowings under the Amended Credit Facility using excess cash flows for each fiscal year, depending on the Company’s leverage ratio.

Borrowings are secured by liens on substantially all of our real and personal property.

In addition to other customary covenants for a facility of this nature, as of March 31, 2022, we are required to maintain a Total Leverage Ratio (as defined in the Amended Credit Facility) of no more than 4.0:1 and Fixed Charge Coverage Ratio (as defined in the Amended Credit Facility) of at least 1.15:1. As of March 31, 2022, our Total Leverage Ratio and Fixed Charge Coverage Ratio were 0.5:1 and 4.7:1, respectively.

As of March 31, 2022, the interest rate under the Amended Credit Facility is LIBOR plus a margin ranging from 1.00% to 2.00%, or a base rate (as defined in the Amended Credit Facility) plus a margin ranging from 0.00% to 1.00%, or the Prime Rate. The applicable margins vary depending on the Company’s leverage ratio. Commitment fees are equal to the daily average unused revolving commitment multiplied by the commitment fee percentage, ranging from 0.175% to 0.325%, based on our leverage ratio. As of March 31, 2022, the interest rate on the Term Loan Facility was 1.11%, or LIBOR plus a 1.00% margin.

On the terms and subject to some conditions, we may, at any time before the maturity date, request an increase of the Revolving Credit Facility, provided that each such increase is equal to $15 million or an integral multiple of $1 million in excess and, after giving effect to the requested increase, the aggregate amount of the increases in the total revolving loan commitment shall not exceed $75 million.

We may prepay borrowings under the Amended Credit Facility revolving loan without penalty (subject to certain conditions and certain charges applicable to the prepayment of LIBOR borrowings prior to the end of the applicable interest period). Once reduced or cancelled, the Revolving Credit Facility may not be increased or reinstated without the prior written consent of all lenders. During the first three months of 2022, we made $5 million in optional prepayments on the Term Loan Facility in addition to a $5 million in mandatory payments.

As of March 31, 2022, $58.5 million “Long-term debt, net” in the Company’s consolidated balance sheet represents the $80.0 million outstanding loan amount under the Amended Credit Facility, net of $1.5 million unamortized debt issuance costs and $20.0 million mandatory principal payment that are due in the next twelve months and are presented as “Current portion of long-term debt” in the Current liabilities section of the Company’s consolidated balance sheets.

22

We believe that our anticipated operating cash flow and the $69.4 million available under our Amended Credit Facility as of March 31, 2022 will be sufficient to sustain operations for the twelve months from filing of Form 10-Q for the quarter ended March 31, 2022 and fulfill our capital expenditure plans. However, spikes in COVID-19 cases or new variants thereof or financial, economic, competitive, regulatory, and other factors, many of which are beyond our control, could negatively impact our operations. If we are unable to generate sufficient cash flow in the upcoming months or if our cash needs exceed our borrowing capacity under the Amended Credit Facility, we could be required to adopt one or more alternatives, such as reducing, delaying or eliminating planned capital expenditures, selling assets, restructuring debt or issuing additional equity.

For a discussion regarding our material commitments for capital expenditures, see the CAPITAL SPENDING AND DEVELOPMENT section above.

CRITICAL ACCOUNTING POLICIES

A description of our critical accounting policies and estimates can be found in Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our 2021 Form 10-K. For a more extensive discussion of our accounting policies, see Note 1. “Summary of Significant Accounting Policies” in the Notes to the Consolidated Financial Statements in our 2021 Form 10-K filed with the SEC on February 28, 2022.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market risk is the risk of loss arising from adverse changes in interest rates, foreign currency exchange rates and commodity prices. Our current primary market risk exposure is interest rate risk relating to the impact of interest rate movements under our Amended Credit Facility.

As of March 31, 2022, we had $80 million of outstanding balance under our Amended Credit Facility. A hypothetical 1% increase in the interest rate on the balance outstanding under the Amended Credit Facility at March 31, 2022 would have resulted in a change in our annual interest cost of approximately $0.8 million. See “Liquidity and Capital Resources” for further discussion of our Amended Credit Facility and capital structure.

We have not entered into derivative financial instruments for trading or speculative purposes.

We do not have any cash or cash equivalents as of March 31, 2022 that are subject to market risk.

ITEM 4. CONTROLS AND PROCEDURES

As of the end of the period covered by this Quarterly Report on Form 10-Q (the “Evaluation Date”), an evaluation was carried out by our management, with the participation of our Chief Executive Officer and our Chief Accounting Officer, of the effectiveness of our disclosure controls and procedures (as defined by Rule 13a-15(e) under the Exchange Act). Based upon the evaluation, our Chief Executive Officer and Chief Accounting Officer concluded that our disclosure controls and procedures were effective as of the Evaluation Date. During the quarter ended March 31, 2022, there were no changes in our internal control over financial reporting that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The information set forth in Note 9 "Legal Matters” to our consolidated financial statements in Part I, Item 1 of this Form 10-Q is incorporated by reference herein.

ITEM 1A. RISK FACTORS

There have been no material changes to the risk factors we previously disclosed in Item 1A of our 2021 Form 10-K.

23

We encourage investors to review the risks and uncertainties relating to our business disclosed under the heading Risk Factors or otherwise in the 2021 Form 10-K, as well as those contained in Part I - Forward-Looking Statements thereof, as revised or supplemented by our Quarterly Reports filed with the SEC since the filing of the 2021 Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents the number and average price of shares purchased in each fiscal month of the first quarter of fiscal 2022:

    

Total number of shares purchased (1)

    

Average price paid per share (2)

Total number of shares purchased as part of publicly announced plans or programs (1) (2)

Maximum number of shares that may yet be purchased under the plans or programs (2)

January 1,2022 - January 31, 2022

100,000

$

65.00

100,000

2,900,000

February 1,2022 - February 28, 2022

 

2,900,000

March 1,2022 - March 31, 2022

 

2,900,000

Total

100,000

$

65.00

100,000

2,900,000

(1)This amount represents a repurchase pursuant to our Repurchase Plan, see Note 8. STOCK REPURCHASE PLAN.
(2)On January 19, 2022, under the authority of the Repurchase Plan, the Company purchased 100,000 shares for $6.5 million in a privately negotiated transaction.

24

ITEM 6. EXHIBITS

Exhibit No

    

Description

31.1*

Certification of Principal Executive Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2*

Certification of Principal Financial Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1**

Certification of Principal Executive Officer, Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2**

Certification of Principal Financial Officer, Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS*

Inline XBRL Instance - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

101.SCH*

Inline XBRL Taxonomy Extension Schema

101.CAL*

Inline XBRL Taxonomy Extension Calculation

101.DEF*

Inline XBRL Taxonomy Extension Definition

101.LAB*

Inline XBRL Taxonomy Extension Labels

101.PRE*

104

Inline XBRL Taxonomy Extension Presentation

Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

* Filed herewith.

** Furnished herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

MONARCH CASINO & RESORT, INC.

(Registrant)

Date: May 6, 2022

By:

/s/ EDWIN S. KOENIG

Edwin S. Koenig, Chief Accounting Officer

(Principal Financial and Accounting Officer and Duly Authorized Officer)

25

EX-31.1 2 mcri-20220331xex31d1.htm EX-31.1 United States

EXHIBIT 31.1

Certification of Principal Executive Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, John Farahi, Chief Executive Officer of Monarch Casino & Resort, Inc., certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Monarch Casino & Resort, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

4

Date: May 6, 2022

By:

/s/ John Farahi

John Farahi

Chief Executive Officer


EX-31.2 3 mcri-20220331xex31d2.htm EX-31.2 United States

EXHIBIT 31.2

Certification of Principal Financial Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Edwin S. Koenig, Chief Accounting Officer of Monarch Casino & Resort, Inc., certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Monarch Casino & Resort, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 6, 2022

By:

/s/ Edwin S. Koenig

Edwin S. Koenig

Principal Financial and Accounting Officer


EX-32.1 4 mcri-20220331xex32d1.htm EX-32.1

EXHIBIT 32.1

Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, John Farahi, Chief Executive Officer of Monarch Casino & Resort, Inc. (the “Company”), hereby certify, that, to my knowledge:

1.The Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the “Report”) of the Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/S/ JOHN FARAHI

John Farahi

Chief Executive Officer

May 6, 2022


EX-32.2 5 mcri-20220331xex32d2.htm EX-32.2

EXHIBIT 32.2

Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Edwin S. Koenig, Chief Accounting Officer of Monarch Casino & Resort, Inc. (the “Company”), hereby certify, that, to my knowledge:

1.The Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the “Report”) of the Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/S/ EDWIN S. KOENIG

Edwin S. Koenig

Principal Financial and Accounting Officer

May 6, 2022


GRAPHIC 6 mcri-20220331x10q001.jpg GRAPHIC begin 644 mcri-20220331x10q001.jpg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end EX-101.SCH 7 mcri-20220331.xsd EX-101.SCH 00100 - Statement - CONSOLIDATED STATEMENTS OF INCOME link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 40103 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 40108 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Operating items, net (Details) link:presentationLink link:calculationLink link:definitionLink 40305 - Disclosure - STOCK-BASED COMPENSATION - Reported Stock-based Compensation Expense (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - EARNINGS PER SHARE - Reconciliation (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00205 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - ACCOUNTING FOR LEASES link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - STOCK-BASED COMPENSATION link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - EARNINGS PER SHARE link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - LONG-TERM DEBT link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - TAXES link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - STOCK REPURCHASE PLAN link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - LEGAL MATTERS link:presentationLink link:calculationLink link:definitionLink 20102 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 30103 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 30303 - Disclosure - STOCK-BASED COMPENSATION (Tables) link:presentationLink link:calculationLink link:definitionLink 30403 - Disclosure - EARNINGS PER SHARE (Tables) link:presentationLink link:calculationLink link:definitionLink 40101 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Reporting (Details) link:presentationLink link:calculationLink link:definitionLink 40104 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment Useful Lives and Impairment (Details) link:presentationLink link:calculationLink link:definitionLink 40105 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details) link:presentationLink link:calculationLink link:definitionLink 40106 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Debt Issuance Costs and Capitalized Interest (Details) link:presentationLink link:calculationLink link:definitionLink 40107 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Players Club Program (Details) link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - ACCOUNTING FOR LEASES - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 40402 - Disclosure - EARNINGS PER SHARE - Anti-dilutive Options (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - RELATED PARTY TRANSACTIONS (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - LONG-TERM DEBT (Details) link:presentationLink link:calculationLink link:definitionLink 40703 - Disclosure - TAXES (Details) link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - STOCK REPURCHASE PLAN (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - LEGAL MATTERS (Details) link:presentationLink link:calculationLink link:definitionLink 40102 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk and Credit Losses (Details) link:presentationLink link:calculationLink link:definitionLink 99900 - Disclosure - Standard And Custom Axis Domain Defaults link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 mcri-20220331_cal.xml EX-101.CAL EX-101.DEF 9 mcri-20220331_def.xml EX-101.DEF EX-101.LAB 10 mcri-20220331_lab.xml EX-101.LAB EX-101.PRE 11 mcri-20220331_pre.xml EX-101.PRE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.22.1
Document and Entity Information - shares
3 Months Ended
Mar. 31, 2022
May 04, 2022
Document and Entity Information    
Document Type 10-Q  
Document Quarterly Report true  
Document Transition Report false  
Document Period End Date Mar. 31, 2022  
Entity File Number 0-22088  
Entity Registrant Name MONARCH CASINO & RESORT, INC  
Entity Incorporation, State or Country Code NV  
Entity Tax Identification Number 88-0300760  
Entity Address, Address Line One 3800 S. Virginia St.  
Entity Address, City or Town Reno  
Entity Address, State or Province NV  
Entity Address, Postal Zip Code 89502  
City Area Code 775  
Local Phone Number 335-4600  
Title of 12(b) Security Common Stock, $0.01 par value per share  
Trading Symbol MCRI  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   18,875,124
Entity Central Index Key 0000907242  
Document Fiscal Year Focus 2022  
Current Fiscal Year End Date --12-31  
Document Fiscal Period Focus Q1  
Amendment Flag false  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net revenues $ 108,318,000 $ 74,960,000
Operating expenses    
Selling, general and administrative 24,183,000 19,925,000
Depreciation and amortization 10,516,000 9,514,000
Other operating items, net 1,317,000 754,000
Total operating expenses 86,969,000 63,677,000
Income from operations 21,349,000 11,283,000
Other expense    
Interest expense, net of amounts capitalized (650,000) (1,619,000)
Income before income taxes 20,699,000 9,664,000
(Provision) benefit for income taxes (2,581,000) (1,510,000)
Net income $ 18,118,000 $ 8,154,000
Earnings per share of common stock    
Basic $ 0.96 $ 0.44
Diluted $ 0.92 $ 0.42
Weighted average number of common shares and potential common shares outstanding    
Basic 18,868 18,481
Diluted 19,592 19,283
Casino    
Revenues    
Net revenues $ 62,831,000 $ 46,911,000
Operating expenses    
Operating expenses 22,367,000 13,618,000
Food and beverage    
Revenues    
Net revenues 26,047,000 16,206,000
Operating expenses    
Operating expenses 20,731,000 14,095,000
Hotel    
Revenues    
Net revenues 15,192,000 8,635,000
Operating expenses    
Operating expenses 5,773,000 4,251,000
Other    
Revenues    
Net revenues 4,248,000 3,208,000
Operating expenses    
Operating expenses $ 2,082,000 $ 1,520,000
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 33,149 $ 33,526
Receivables, net 7,487 8,881
Income taxes receivable 24,365 26,946
Inventories 6,972 7,159
Prepaid expenses 7,031 7,552
Total current assets 79,004 84,064
Property and equipment, net 586,543 580,807
Goodwill 25,111 25,111
Intangible assets, net 446 477
Total assets 691,104 690,459
Current liabilities    
Current portion of long-term debt 20,000 20,000
Accounts payable 19,410 18,575
Construction accounts payable 51,625 58,891
Accrued expenses 42,710 42,967
Short-term lease liability 669 745
Total current liabilities 134,414 141,178
Deferred income taxes 19,617 19,617
Long-term lease liability 13,373 13,498
Long-term debt, net 58,511 68,152
Total liabilities 225,915 242,445
Stockholders' equity    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued
Common stock, $.01 par value, 30,000,000 shares authorized; 19,096,300 shares issued; 18,875,124 outstanding at March 31, 2022; 18,764,540 outstanding at December 31, 2021 191 191
Additional paid-in capital 44,263 41,426
Treasury stock, 221,176 shares at March 31, 2022; 331,760 shares at December 31, 2021 (8,121) (4,341)
Retained earnings 428,856 410,738
Total stockholders' equity 465,189 448,014
Total liabilities and stockholders' equity $ 691,104 $ 690,459
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Mar. 31, 2022
Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 30,000,000 30,000,000
Common stock, shares issued 19,096,300 19,096,300
Common stock, shares outstanding 18,875,124 18,764,540
Treasury stock, shares 221,176 331,760
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Total
Balance at Dec. 31, 2020 $ 191 $ 34,498 $ 342,250 $ (8,872) $ 368,067
Balance (in shares) at Dec. 31, 2020 18,426,130        
Increase (Decrease) in Stockholders' Equity          
Exercise of stock options, net   1,143   1,266 2,409
Exercise of stock options, net (in shares) 91,831        
Stock-based compensation expense   1,280     1,280
Net income     8,154   8,154
Balance at Mar. 31, 2021 $ 191 36,921 350,404 (7,606) 379,910
Balance (in shares) at Mar. 31, 2021 18,517,961        
Balance at Dec. 31, 2021 $ 191 41,426 410,738 (4,341) $ 448,014
Balance (in shares) at Dec. 31, 2021 18,764,540       18,764,540
Increase (Decrease) in Stockholders' Equity          
Exercise of stock options, net   19   2,458 $ 2,477
Exercise of stock options, net (in shares) 191,035        
Restricted stock granted   1,658   262 1,920
Restricted stock granted, shares 19,549        
Purchase of company common stock       (6,500) (6,500)
Purchase of company common stock, shares (100,000)        
Stock-based compensation expense   1,160     1,160
Net income     18,118   18,118
Balance at Mar. 31, 2022 $ 191 $ 44,263 $ 428,856 $ (8,121) $ 465,189
Balance (in shares) at Mar. 31, 2022 18,875,124       18,875,124
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 18,118 $ 8,154
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,516 9,514
Amortization of deferred loan costs 359 293
Stock-based compensation 1,160 1,280
Stock Based Compensation - Restricted Stock 50  
Provision for bad debts 32 39
Loss on disposition of assets (25)  
Non-cash operating lease expense (1) (4)
Deferred income taxes   1
Changes in operating assets and liabilities:    
Receivables 1,362 (4,025)
Income taxes receivable 2,581 1,511
Inventories 187 855
Prepaid expenses 521 1,071
Accounts payable 835 703
Accrued expenses (257) 2,462
Net cash provided by operating activities 35,438 21,854
Cash flows from investing activities:    
Proceeds from sale of assets 27  
Change in construction accounts payable (7,266) 497
Acquisition of property and equipment (14,814) (6,427)
Net cash used in investing activities (22,053) (5,930)
Cash flows from financing activities:    
Payroll taxes from net exercise of stock options (2,468)  
Proceeds from exercise of stock options 5,206 2,409
Long-term debt borrowings 3,000  
Principal payments on long-term debt (13,000) (22,500)
Loan issuance cost (6,500)  
Net cash (used in) provided by financing activities (13,762) (20,091)
Change in cash and cash equivalents (377) (4,167)
Cash and cash equivalents at beginning of period 33,526 28,310
Cash and cash equivalents at end of period 33,149 24,143
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized $ 293 $ 1,328
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended
Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

MONARCH CASINO & RESORT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

QUARTERLY PERIOD ENDED MARCH 31, 2022

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation:

Monarch Casino & Resort, Inc. was incorporated in 1993. Unless otherwise indicated, “Monarch,” “us,” “we,” and the “Company” refer to Monarch Casino & Resort, Inc. and its subsidiaries. Monarch owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the “Atlantis”) and Monarch Casino Resort Spa Black Hawk, a hotel and casino in Black Hawk, Colorado (the “Monarch Black Hawk”). In addition, Monarch owns separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado and Monarch Black Hawk. Monarch also owns Chicago Dogs Eatery, Inc. and Monarch Promotional Association, both of which were formed in relation to licensure requirements for extended hours of liquor operation in Black Hawk, Colorado.

The accompanying unaudited consolidated financial statements include the accounts of Monarch and its subsidiaries (the “Consolidated Financial Statements”). Intercompany balances and transactions are eliminated.

Interim Financial Statements:

The Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the management of the Company, all adjustments considered necessary for a fair presentation, consisting solely of a normal and recurring nature, are included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.

The balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements of the Company at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2021.

Segment Reporting:

The accounting guidance for disclosures about segments of an enterprise and related information requires separate financial information to be disclosed for all operating segments of a business. The Company determined that the Company’s two operating segments, Atlantis and Monarch Black Hawk, meet the aggregation criteria stipulated by ASC 280-10-50-11. The Company views each property as an operating segment and the two operating segments have been aggregated into one reporting segment.

Concentrations of Credit Risk and Credit Losses:

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables.

The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts.

The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.

The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.

As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.

The Company believes it is not exposed to any significant credit risk on cash and accounts receivable.

Inventories:

Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.

Property and Equipment, net:

Property and equipment, net consists of the following (in thousands):

    

March 31, 2022

    

December 31, 2021

 

Land

$

32,986

$

32,986

Land improvements

 

9,898

 

9,898

Buildings

 

476,070

 

474,571

Buildings improvements

 

55,974

 

55,432

Furniture and equipment

 

243,734

 

235,233

Construction in progress

 

13,619

 

8,211

Right of use assets

14,045

14,246

Leasehold improvements

 

3,848

 

3,848

 

850,174

 

834,425

Less accumulated depreciation and amortization

 

(263,631)

 

(253,618)

Property and equipment, net

$

586,543

$

580,807

 

Property and equipment are stated at cost, less accumulated depreciation and amortization. Property and equipment is depreciated principally on a straight-line basis over its estimated useful lives as follows:

Land improvements

    

15

-

40

years

Buildings

 

30

-

40

years

Building improvements

 

5

-

40

years

Furniture

 

5

-

10

years

Equipment

 

3

-

20

years

The Company evaluates property and equipment and other long-lived assets for impairment in accordance with the guidance for accounting for the impairment or disposal of long-lived assets. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is generally estimated based on comparable asset sales, solicited offers or a discounted cash flow model.

For assets to be held and used, the Company reviews fixed assets for impairment whenever indicators of impairment exist. If an indicator of impairment exists, we compare the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, the impairment is measured based on fair value compared to carrying value, with fair value typically based on a discounted cash flow model or market comparables, when available. For the three-month periods ended March 31, 2022 and 2021, there were no impairment charges.

Goodwill:

The Company accounts for goodwill in accordance with ASC Topic 350, Intangibles-Goodwill and Other (“ASC Topic 350”). ASC Topic 350 gives companies the option to perform a qualitative assessment that may allow them to skip the quantitative test as appropriate. The Company tests its goodwill for impairment annually during the fourth quarter, or whenever events or circumstances make it more likely than not that impairment may have occurred. Impairment testing for goodwill is performed at the reporting unit level, and each of the Company’s casino properties is considered to be a reporting unit.

As of March 31, 2022, we had goodwill totaling $25.1 million related to the purchase of Monarch Black Hawk, Inc.

ASC Topic 350 requires that goodwill be tested for impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. We performed an assessment to determine whether events or circumstances such as those described in ASC 350-20-35-3C existed and we determined that they did not exist during the interim period; therefore, an interim impairment test was not performed.

Debt Issuance Costs:

Costs incurred in connection with the issuance of long-term debt are amortized to interest expense over the term of the related debt agreement utilizing the effective interest rate method. Unamortized amounts of debt issuance costs are recorded as a reduction of the outstanding debt and included in “Long-term debt, net”.

As of March 31, 2022, debt issuance costs, net of amortization, were $1.5 million.

Revenue Recognition:

The majority of the Company’s revenue is recognized when products are delivered or services are performed. For certain revenue transactions (when a patron uses a club loyalty card), in accordance with Accounting Standard Update No. 2014-09 (“ASC 606”), a portion of the revenue is deferred until the points earned by the patron are redeemed or expire.

Casino revenue: Casino revenues represent the net win from gaming activity, which is the difference between the amounts won and lost, which represents the transaction price. Jackpots, other than the incremental amount of progressive jackpots, are recognized at the time they are won by customers. Funds deposited by customers in advance and outstanding chips and slot tickets in the customers’ possession are recognized as a liability until such amounts are redeemed or used in gaming play by the customer. Additionally, net win is reduced by the performance obligations for the players’ club program, progressive jackpots and any pre-arranged marker discounts. Progressive jackpot provisions are recognized in two components: 1) as wagers are made for the share of players’ wagers that are contributed to the progressive jackpot award, and 2) as jackpots are won for the portion of the progressive jackpot award contributed by the Company. Cash discounts and other cash incentives to guests related to gaming play are recorded as a reduction to gaming revenue.

Players’ Club Program: The Company operates a players’ club program under which as players perform gaming activities they earn and accumulate points, which may be redeemed for a variety of goods and services. Given the significance of the players’ club program and the ability for members to bank such points based on their past play, the Company has determined that players’ club program points granted in conjunction with gaming activity constitute a material right and, as such, represent a performance obligation associated with the gaming contracts. At the time points are earned, the Company recognizes deferred revenue at the standalone selling prices (“SSP”) of the goods and services that the points are expected to be redeemed for, with a corresponding decrease in gaming revenue. The points estimated SSP is computed as the cash redemption value of the points expected to be redeemed, which is determined through an analysis of all redemption activity over the preceding twelve-month period.

As of March 31, 2022, the Company had estimated the obligations related to the players’ club program at $9.6 million, which is included in Accrued Expenses in the Liabilities and Stockholders’ Equity section in the Consolidated Balance Sheet.

Food and Beverage, Hotel and Other (retail) Revenues: Food and Beverage, Hotel and Other Revenues in general are recognized when products are delivered or services are performed. The Company recognizes revenue related to the products and services associated with the players points’ redemptions at the time products are delivered or services are performed, with corresponding reduction in the deferred revenue, at SSP. Other complimentaries in conjunction with the gaming and other business are also valued at SSP. Hotel revenue is presented net of non-third-party rebates and commissions. The cost of providing these complimentary goods and services are included as expenses within their respective categories.

Other Revenues: Other revenues (excluding retail) primarily consist of commissions received on ATM transactions and cash advances, which are recorded on a net basis as the Company represents the agent in its relationship with the third-party service providers, and commissions and fees received in connection with pari-mutuel wagering, which are also recorded on a net basis.

Sales and other taxes: Sales taxes and other taxes collected from customers on behalf of governmental authorities are accounted for on a net basis and are not included in revenues or operating expenses. In addition, tips and other gratuities, excluding service charges, collected from customers on behalf of the Company’s employees are also accounted for on a net basis and are not included in revenues or operating expenses.

Other Operating items, net:

Other operating items, net, in general consist of miscellaneous operating charges or proceeds.

For the three months ended March 31, 2022, Other operating items, net, was $1.3 million and primarily represented professional service fees relating to our construction litigation. For the three months ended March 31, 2021, Other operating items, net, was $0.7 million and included: $0.6 million in professional service fees relating to our construction litigation; and $0.1 million of equipment, supplies and employee testing expenses directly attributable to the pandemic for reopening of the properties and incremental to normal operations.

Impact of Recently Adopted Accounting Standards:

The Company has evaluated the recently issued or proposed by the FASB or other standards-setting bodies accounting standards and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s Consolidated Financial Statements.

In addition, a variety of proposed or otherwise potential accounting standards are currently under review and study by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, the Company has not yet determined the effect, if any, the implementation of any such proposed or revised standards would have on the Company’s Consolidated Financial Statements.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.22.1
ACCOUNTING FOR LEASES
3 Months Ended
Mar. 31, 2022
ACCOUNTING FOR LEASES  
ACCOUNTING FOR LEASES

NOTE 2. ACCOUNTING FOR LEASES

For leases with terms greater than 12 months, the Company records the related asset and obligation at the present value of the lease payments over the lease term. Certain of the Company’s leases include rental escalation clauses, renewal options and/or termination options that are factored into its determination of lease payments when appropriate. As permitted by ASC 842, the Company elected not to separate non-lease components from their related lease components.

As of March 31, 2022, the Company’s right of use assets consisted of the Parking Lot Lease, the Driveway Lease (each as defined and discussed in NOTE 5. RELATED PARTY TRANSACTIONS), as well as certain billboard leases.

Upon adoption of the new lease standard, incremental borrowing rates used for existing leases were established using the rates in effect as of the lease inception or modification date. The weighted-average incremental borrowing rate of the leases presented in the lease liability as of March 31, 2022 was 4.34%.

The weighted-average remaining lease term of the leases presented in the lease liability as of March 31, 2022 was 20.3 years.

Cash paid related to the operating leases presented in the lease liability for each of the three months ended March 31, 2022 and 2021, was $0.3 million and $0.4 million, respectively.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK-BASED COMPENSATION
3 Months Ended
Mar. 31, 2022
STOCK-BASED COMPENSATION.  
STOCK-BASED COMPENSATION

NOTE 3. STOCK-BASED COMPENSATION

In accordance with ASC 606, the Company records any excess tax benefits or deficiencies from its equity awards in its Consolidated Statements of Income in the reporting periods in which vesting occurs. As a result, the Company’s income tax expense and associated effective tax rate are impacted by fluctuations in stock price between the grant dates and vesting dates of equity awards.

Reported stock-based compensation expense was classified as follows (in thousands):

Three months ended

March 31, 

    

2022

    

2021

 

Casino

 

$

71

 

$

42

 

Food and beverage

 

48

 

46

Hotel

 

33

 

32

Selling, general and administrative

 

1,008

 

1,160

Total stock-based compensation, before taxes

 

1,160

 

1,280

Tax benefit

 

(244)

 

(269)

Total stock-based compensation, net of tax

 

$

916

 

$

1,011

 

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.22.1
EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2022
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 4. EARNINGS PER SHARE

Basic earnings per share is computed by dividing reported net earnings by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect the additional dilution for all potentially dilutive securities such as stock options. The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (shares in thousands):

Three months ended March 31, 

2022

2021

Per Share

Per Share

    

Shares

    

Amount

    

Shares

    

Amount

Basic

 

18,868

 

$

0.96

 

18,481

 

$

0.44

Effect of dilutive stock options

 

724

 

(0.04)

 

802

 

(0.02)

Diluted

 

19,592

 

$

0.92

 

19,283

 

$

0.42

Excluded from the computation of diluted earnings per share are options where the exercise prices are greater than the weighted assumed proceeds per share as their effects would be anti-dilutive in the computation of diluted earnings per share. For the three months ended March 31, 2022 and 2021, options for approximately 506 thousand and 210 thousand shares, respectively, were excluded from the computation.

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.22.1
RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2022
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 5. RELATED PARTY TRANSACTIONS

The shopping center adjacent to the Atlantis (the “Shopping Center”) is owned by Biggest Little Investments, L.P. (“BLI”). John Farahi and Bob Farahi, Co-Chairmen of the Board and executive officers of the Company, and Ben Farahi have significant holdings (the “Farahi Family Stockholders”) in Monarch and each also beneficially owns limited partnership interests in BLI. Maxum LLC is the sole general partner of BLI, and Ben Farahi is the sole managing member of Maxum LLC. Neither John Farahi nor Bob Farahi has any management or operational control over BLI or the Shopping Center. Until May 2006, Ben Farahi held the positions of Co-Chairman of the Board, Secretary, Treasurer and Chief Financial Officer of the Company.

On August 28, 2015, Monarch, through its subsidiary Golden Road Motor Inn, Inc., entered into a 20-year lease agreement with BLI for a portion of the Shopping Center, consisting of an approximate 46,000 square-foot commercial building on approximately 4.2 acres of land adjacent to the Atlantis (the “Parking Lot Lease”). This lease gives the Atlantis the right to use a parcel, approximately 4.2 acres, comprised of a commercial building and surrounding land adjacent to the Atlantis. The primary purpose of the Parking Lot Lease is to provide additional, convenient, Atlantis surface parking. The Company demolished the building and converted the land into approximately 300 additional surface parking spaces for the Atlantis. The minimum annual rent under the Parking Lot Lease is $695 thousand commencing on November 17, 2015. The minimum annual rent is subject to a cost of living adjustment increase on each five-year anniversary. In addition, the Company is responsible for the payment of property taxes, utilities and maintenance expenses related to the leased property. The Company has an option to renew the Parking Lot Lease for an additional ten-year term. If the Company elects not to exercise its renewal option, the Company will be obligated to pay BLI $1.6 million. For the three-month periods ended March 31, 2022 and 2021, the Company paid $187 thousand and $174 thousand in rent, respectively, plus $7 thousand in operating expenses relating to this lease for each of the periods. The right of use asset and lease liability balances as of March 31, 2022, recognized in the Consolidated Balance Sheet, was $10.2 million.

In addition, the Atlantis shares a driveway with the Shopping Center and leases approximately 37,400 square feet from BLI (the “Driveway Lease”) for an initial lease term of 15 years, which commenced on September 30, 2004, at an original annual rent of $300 thousand plus common area expenses. The annual rent is subject to a cost of living adjustment increase on each five-year anniversary of the Driveway Lease. Effective August 28, 2015, in connection with the Company entering into the Parking Lot Lease, the Driveway Lease was amended to: (i) make the Company solely responsible for the operation and maintenance costs of the shared driveway (including the fountains thereon); (ii) eliminate the Company’s obligation to reimburse the Shopping Center for its proportionate share of common area expenses; and (iii) exercise the three successive five-year renewal terms beyond the initial 15-year term in the existing Driveway Lease agreement. At the end of the renewal terms, the Company has the option to purchase the leased driveway section of the Shopping Center. For each of the three-month periods ended March 31, 2022 and 2021, the Company paid $101 thousand in rent plus $10 thousand and $8 thousand, respectively, in operating expenses relating to this lease. The right of use asset and lease liability balances as of March 31, 2022, recognized in the Consolidated Balance Sheet, was $3.7 million.

The Company occasionally leases billboard advertising, storage space and parking lot space from affiliates controlled by the Farahi Family Stockholders, and paid $81 thousand and $42 thousand, respectively, for the three-month periods ended March 31, 2022 and 2021, for such leases.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.22.1
LONG-TERM DEBT
3 Months Ended
Mar. 31, 2022
LONG-TERM DEBT  
LONG-TERM DEBT

NOTE 6. LONG-TERM DEBT

On September 3, 2020, the Company entered into the Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, N.A., as administrative agent and certain banks (the “Fourth Amended Credit Facility”). On April 30, 2021, the Company entered into an amendment to the Fourth Amended Credit Facility (collectively, with all prior amendments, the “Amended Credit Facility”).

The maturity date of the Amended Credit Facility is September 3, 2023. The Amended Credit Facility increases the aggregate principal amount of the credit facilities to $270 million. The $270 million Amended Credit Facility consists of: a $200 million term loan (“Term Loan Facility”) and a $70 million revolving credit facility (“Revolving Credit Facility”), with an option to increase the Revolving Credit Facility by up to an additional $75 million.

As of March 31, 2022, the Company had an outstanding principal balance of $80 million under the Term Loan Facility, a $0.6 million letter of credit and no borrowings under the Revolving Credit Facility; $69.4 million remained available for borrowing.

The Company is required to make quarterly principal payments under the Term Loan Facility on each Term Loan Installment Date, commencing on December 31, 2020, in an amount equal to (x) the percentage set forth opposite the applicable period during which such Term Loan Installment Date occurs (i.e., 1.25% for the period from December 31, 2020 to September 30, 2021, and 2.50% for the period from December 31, 2021 and thereafter) multiplied by (y) $200 million. The estimated amount of the mandatory principal payments due in the next twelve months is $20 million.

Commencing with the delivery of the compliance certificate for fiscal year 2022, the Company may be required to prepay borrowings under the Amended Credit Facility using excess cash flows for each fiscal year, depending on the Company’s leverage ratio.

Borrowings are secured by liens on substantially all of the Company’s real and personal property.

In addition to other customary covenants for a facility of this nature, as of March 31, 2022, the Company is required to maintain a Total Leverage Ratio (as defined in the Amended Credit Facility) of no more than 4.5:1 and Fixed Charge Coverage Ratio (as defined in the Amended Credit Facility) of at least 1.15:1. As of March 31, 2022, the Company’s Total Leverage Ratio and Fixed Charge Coverage Ratio were 0.5:1 and 4.7:1, respectively.

The interest rate under the Amended Credit Facility is LIBOR plus a margin ranging from 1.00% to 2.00%, or a base rate (as defined in the Amended Credit Facility) plus a margin ranging from 0.00% to 1.00%, or the Prime Rate. The applicable margins vary depending on the Company’s leverage ratio. Commitment fees are equal to the daily average unused revolving commitment multiplied by the commitment fee percentage, ranging from 0.175% to 0.325%, based on our leverage ratio. As of March 31, 2022, the interest rate on the Term Loan Facility was 1.11%, or LIBOR plus a 1.00% margin.

On the terms and subject to some conditions, the Company may, at any time before the maturity date, request an increase of the Revolving Credit Facility, provided that each such increase is equal to $15 million or an integral multiple of $1 million in excess and, after giving effect to the requested increase, the aggregate amount of the increases in the total revolving loan commitment shall not exceed $75 million.

The Company may prepay borrowings under the Amended Credit Facility revolving loan without penalty (subject to certain conditions and certain charges applicable to the prepayment of LIBOR borrowings prior to the end of the applicable interest period). Once reduced or cancelled, the Revolving Credit Facility may not be increased or reinstated without the prior written consent of all lenders. During the first three months of 2022, the Company made $5 million in optional prepayments on its Term Loan Facility in addition to $5 million in mandatory payments.

As of March 31, 2022, the $58.5 million “Long-term debt, net” in the Company’s consolidated balance sheet represents the $80 million outstanding loan amount under the Amended Credit Facility, net of $1.5 million unamortized debt issuance costs and $20 million mandatory principal payments that are due in the next twelve months and presented as “Current portion of long-term debt” in the Current liabilities section of the Company’s consolidated balance sheet.

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.22.1
TAXES
3 Months Ended
Mar. 31, 2022
TAXES  
TAXES

NOTE 7. TAXES

For the three months ended March 31, 2022 and 2021, the Company’s effective tax rate was 12.5% and 15.6%, respectively. The effective tax rate for the three months ended March 31, 2022 and 2021 was impacted by excess tax benefit on stock option exercises.

As of March 31, 2022, the $24.4 million “Income taxes receivable” in the Company’s consolidated balance sheet represents the expected federal and state tax refund for 2020 tax year, net of current year federal and state tax payable.

Deferred tax assets were evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies.

No uncertain tax positions were recorded as of March 31, 2022 and 2021. No change in uncertain tax positions is anticipated over the next twelve months.

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK REPURCHASE PLAN
3 Months Ended
Mar. 31, 2022
STOCK REPURCHASE PLAN  
STOCK REPURCHASE PLAN

NOTE 8. STOCK REPURCHASE PLAN

On October 22, 2014, the board of directors of Monarch authorized a stock repurchase plan (the “Repurchase Plan”). Under the Repurchase Plan, the board of directors authorized a program to repurchase up to 3,000,000 shares of the Company’s common stock in the open market or in privately negotiated transactions from time to time, in compliance with Rule 10b-18 of the Securities and Exchange Act of 1934, as amended, subject to market conditions, applicable legal requirements and other factors. The Repurchase Plan does not obligate the Company to acquire any particular amount of common stock and the plan may be suspended at any time at the Company’s discretion, and it will continue until exhausted. The actual timing, number and value of shares repurchased under the repurchase program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s stock, general market economic conditions and applicable legal requirements.

On January 19, 2022, under the authority of the Repurchase Plan, the Company purchased 100,000 shares for $6.5 million in a privately negotiated transaction. As of March 31, 2022, this was the only purchase made under the Repurchase Plan.

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.22.1
LEGAL MATTERS
3 Months Ended
Mar. 31, 2022
LEGAL MATTERS  
LEGAL MATTERS

NOTE 9. LEGAL MATTERS

On August 30, 2019, PCL Construction Services, Inc. (“PCL”) filed a complaint in District Court, City and County of Denver, Colorado (the “Denver Action”), against the Company and its Colorado subsidiaries, in connection with certain disputes regarding construction of the Company’s expansion of Monarch Black Hawk. The complaint alleges, among other things, the defendants breached the construction contract with PCL and certain implied warranties. On December 5, 2019, the Company and its Colorado subsidiaries filed an answer and counterclaim, which alleges, among other items, that PCL breached the construction contract, duties of good faith and fair dealing, and implied and express warranties, made fraudulent or negligent misrepresentations on which the Company and its Colorado subsidiaries relied, and included claims for monetary damages as well as equitable and declaratory relief.

The trial date for this matter has again been rescheduled and is now set for September 6, 2022, based on PCL’s failure to produce relevant documents. Discovery in the action is thus ongoing, and we are currently unable to determine the probability of the outcome or reasonably estimate the loss or gain, if any.

In connection with the expansion of the Monarch Black Hawk, as described above, PCL and certain subcontractors have provided purported notice of liens filed against the real property on which the Monarch Black Hawk is situated (the “Monarch Black Hawk Property”), for sums allegedly owed for construction of the expansion.  Some of the subcontractors have recorded such liens in the property records of Gilpin County, Colorado. 

On March 26, 2021, PCL filed a mechanics’ lien foreclosure action in District Court, County of Gilpin, Colorado (the “Gilpin Action”), against the Company and its Colorado subsidiaries, in connection with the Company’s expansion plans for the Monarch Black Hawk Property. The complaint essentially mirrors the claims and allegations made by PCL in the Denver Action, as described above.  The new lawsuit includes an additional claim, however, for foreclosure of PCL’s purported mechanics’ lien against the Monarch Black Hawk Property. PCL also joined additional subcontractors as defendants who have claimed a purported lien against the Monarch Black Hawk Property.  Effective May 10, 2021, PCL filed its second amended complaint, joining more such parties as defendants. Many of the Company’s co-defendants have filed cross claims against Monarch for foreclosure of mechanics’ liens and related claims, including unjust enrichment, and have also filed counterclaims against PCL.  The Company and its Colorado subsidiaries filed an answer and counterclaims in the Gilpin Action on July 15, 2021.  Monarch has also filed answers to all cross claims, denying the claimants’ rights to relief.  The Company and its Colorado subsidiaries intend to defend against PCL’s claims and the cross claims filed by certain subcontractors, and will vigorously prosecute its counterclaims for damages. The case remains stayed pending the outcome of the Denver Action.

 

The Company recognized $1.3 million and $0.6 million in construction litigation expense relating to these lawsuits for the three months ended March 31, 2022 and 2021, respectively, which are included in Other operating items, net on the Consolidated Statements of Income.

From time to time, we may be subject to other legal proceedings and claims in the ordinary course of business. Management believes that the amount of any reasonably possible or probable loss for such other known matters would not have a material adverse impact on our financial conditions, cash flows or results of operations; however, the outcome of these actions is inherently difficult to predict.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended
Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Basis of Presentation

Basis of Presentation:

Monarch Casino & Resort, Inc. was incorporated in 1993. Unless otherwise indicated, “Monarch,” “us,” “we,” and the “Company” refer to Monarch Casino & Resort, Inc. and its subsidiaries. Monarch owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the “Atlantis”) and Monarch Casino Resort Spa Black Hawk, a hotel and casino in Black Hawk, Colorado (the “Monarch Black Hawk”). In addition, Monarch owns separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado and Monarch Black Hawk. Monarch also owns Chicago Dogs Eatery, Inc. and Monarch Promotional Association, both of which were formed in relation to licensure requirements for extended hours of liquor operation in Black Hawk, Colorado.

The accompanying unaudited consolidated financial statements include the accounts of Monarch and its subsidiaries (the “Consolidated Financial Statements”). Intercompany balances and transactions are eliminated.

Interim Financial Statements

Interim Financial Statements:

The Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the management of the Company, all adjustments considered necessary for a fair presentation, consisting solely of a normal and recurring nature, are included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.

The balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements of the Company at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2021.

Segment Reporting

Segment Reporting:

The accounting guidance for disclosures about segments of an enterprise and related information requires separate financial information to be disclosed for all operating segments of a business. The Company determined that the Company’s two operating segments, Atlantis and Monarch Black Hawk, meet the aggregation criteria stipulated by ASC 280-10-50-11. The Company views each property as an operating segment and the two operating segments have been aggregated into one reporting segment.

Concentrations of Credit Risk and Credit Losses:

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables.

The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts.

The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.

The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.

As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.

The Company believes it is not exposed to any significant credit risk on cash and accounts receivable.

Inventories:

Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.

Inventories

Concentrations of Credit Risk and Credit Losses:

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables.

The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts.

The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.

The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.

As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.

The Company believes it is not exposed to any significant credit risk on cash and accounts receivable.

Inventories:

Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.

Property and Equipment, net

Property and Equipment, net:

Property and equipment, net consists of the following (in thousands):

    

March 31, 2022

    

December 31, 2021

 

Land

$

32,986

$

32,986

Land improvements

 

9,898

 

9,898

Buildings

 

476,070

 

474,571

Buildings improvements

 

55,974

 

55,432

Furniture and equipment

 

243,734

 

235,233

Construction in progress

 

13,619

 

8,211

Right of use assets

14,045

14,246

Leasehold improvements

 

3,848

 

3,848

 

850,174

 

834,425

Less accumulated depreciation and amortization

 

(263,631)

 

(253,618)

Property and equipment, net

$

586,543

$

580,807

 

Property and equipment are stated at cost, less accumulated depreciation and amortization. Property and equipment is depreciated principally on a straight-line basis over its estimated useful lives as follows:

Land improvements

    

15

-

40

years

Buildings

 

30

-

40

years

Building improvements

 

5

-

40

years

Furniture

 

5

-

10

years

Equipment

 

3

-

20

years

The Company evaluates property and equipment and other long-lived assets for impairment in accordance with the guidance for accounting for the impairment or disposal of long-lived assets. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is generally estimated based on comparable asset sales, solicited offers or a discounted cash flow model.

For assets to be held and used, the Company reviews fixed assets for impairment whenever indicators of impairment exist. If an indicator of impairment exists, we compare the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, the impairment is measured based on fair value compared to carrying value, with fair value typically based on a discounted cash flow model or market comparables, when available. For the three-month periods ended March 31, 2022 and 2021, there were no impairment charges.

Goodwill

Segment Reporting:

The accounting guidance for disclosures about segments of an enterprise and related information requires separate financial information to be disclosed for all operating segments of a business. The Company determined that the Company’s two operating segments, Atlantis and Monarch Black Hawk, meet the aggregation criteria stipulated by ASC 280-10-50-11. The Company views each property as an operating segment and the two operating segments have been aggregated into one reporting segment.

Concentrations of Credit Risk and Credit Losses:

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables.

The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts.

The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.

The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.

As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.

The Company believes it is not exposed to any significant credit risk on cash and accounts receivable.

Inventories:

Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.

Debt Issuance Costs

Debt Issuance Costs:

Costs incurred in connection with the issuance of long-term debt are amortized to interest expense over the term of the related debt agreement utilizing the effective interest rate method. Unamortized amounts of debt issuance costs are recorded as a reduction of the outstanding debt and included in “Long-term debt, net”.

As of March 31, 2022, debt issuance costs, net of amortization, were $1.5 million.

Revenues Recognition

Debt Issuance Costs:

Costs incurred in connection with the issuance of long-term debt are amortized to interest expense over the term of the related debt agreement utilizing the effective interest rate method. Unamortized amounts of debt issuance costs are recorded as a reduction of the outstanding debt and included in “Long-term debt, net”.

As of March 31, 2022, debt issuance costs, net of amortization, were $1.5 million.

Revenue Recognition:

The majority of the Company’s revenue is recognized when products are delivered or services are performed. For certain revenue transactions (when a patron uses a club loyalty card), in accordance with Accounting Standard Update No. 2014-09 (“ASC 606”), a portion of the revenue is deferred until the points earned by the patron are redeemed or expire.

Casino revenue: Casino revenues represent the net win from gaming activity, which is the difference between the amounts won and lost, which represents the transaction price. Jackpots, other than the incremental amount of progressive jackpots, are recognized at the time they are won by customers. Funds deposited by customers in advance and outstanding chips and slot tickets in the customers’ possession are recognized as a liability until such amounts are redeemed or used in gaming play by the customer. Additionally, net win is reduced by the performance obligations for the players’ club program, progressive jackpots and any pre-arranged marker discounts. Progressive jackpot provisions are recognized in two components: 1) as wagers are made for the share of players’ wagers that are contributed to the progressive jackpot award, and 2) as jackpots are won for the portion of the progressive jackpot award contributed by the Company. Cash discounts and other cash incentives to guests related to gaming play are recorded as a reduction to gaming revenue.

Players’ Club Program: The Company operates a players’ club program under which as players perform gaming activities they earn and accumulate points, which may be redeemed for a variety of goods and services. Given the significance of the players’ club program and the ability for members to bank such points based on their past play, the Company has determined that players’ club program points granted in conjunction with gaming activity constitute a material right and, as such, represent a performance obligation associated with the gaming contracts. At the time points are earned, the Company recognizes deferred revenue at the standalone selling prices (“SSP”) of the goods and services that the points are expected to be redeemed for, with a corresponding decrease in gaming revenue. The points estimated SSP is computed as the cash redemption value of the points expected to be redeemed, which is determined through an analysis of all redemption activity over the preceding twelve-month period.

As of March 31, 2022, the Company had estimated the obligations related to the players’ club program at $9.6 million, which is included in Accrued Expenses in the Liabilities and Stockholders’ Equity section in the Consolidated Balance Sheet.

Food and Beverage, Hotel and Other (retail) Revenues: Food and Beverage, Hotel and Other Revenues in general are recognized when products are delivered or services are performed. The Company recognizes revenue related to the products and services associated with the players points’ redemptions at the time products are delivered or services are performed, with corresponding reduction in the deferred revenue, at SSP. Other complimentaries in conjunction with the gaming and other business are also valued at SSP. Hotel revenue is presented net of non-third-party rebates and commissions. The cost of providing these complimentary goods and services are included as expenses within their respective categories.

Other Revenues: Other revenues (excluding retail) primarily consist of commissions received on ATM transactions and cash advances, which are recorded on a net basis as the Company represents the agent in its relationship with the third-party service providers, and commissions and fees received in connection with pari-mutuel wagering, which are also recorded on a net basis.

Sales and other taxes: Sales taxes and other taxes collected from customers on behalf of governmental authorities are accounted for on a net basis and are not included in revenues or operating expenses. In addition, tips and other gratuities, excluding service charges, collected from customers on behalf of the Company’s employees are also accounted for on a net basis and are not included in revenues or operating expenses.

Other Operating items, net

Other Operating items, net:

Other operating items, net, in general consist of miscellaneous operating charges or proceeds.

For the three months ended March 31, 2022, Other operating items, net, was $1.3 million and primarily represented professional service fees relating to our construction litigation. For the three months ended March 31, 2021, Other operating items, net, was $0.7 million and included: $0.6 million in professional service fees relating to our construction litigation; and $0.1 million of equipment, supplies and employee testing expenses directly attributable to the pandemic for reopening of the properties and incremental to normal operations.

Impact of Recently Issued Accounting Standards

Impact of Recently Adopted Accounting Standards:

The Company has evaluated the recently issued or proposed by the FASB or other standards-setting bodies accounting standards and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s Consolidated Financial Statements.

In addition, a variety of proposed or otherwise potential accounting standards are currently under review and study by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, the Company has not yet determined the effect, if any, the implementation of any such proposed or revised standards would have on the Company’s Consolidated Financial Statements.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of Property and Equipment, net

Property and equipment, net consists of the following (in thousands):

    

March 31, 2022

    

December 31, 2021

 

Land

$

32,986

$

32,986

Land improvements

 

9,898

 

9,898

Buildings

 

476,070

 

474,571

Buildings improvements

 

55,974

 

55,432

Furniture and equipment

 

243,734

 

235,233

Construction in progress

 

13,619

 

8,211

Right of use assets

14,045

14,246

Leasehold improvements

 

3,848

 

3,848

 

850,174

 

834,425

Less accumulated depreciation and amortization

 

(263,631)

 

(253,618)

Property and equipment, net

$

586,543

$

580,807

 

Property and equipment, estimated useful lives

Land improvements

    

15

-

40

years

Buildings

 

30

-

40

years

Building improvements

 

5

-

40

years

Furniture

 

5

-

10

years

Equipment

 

3

-

20

years

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2022
STOCK-BASED COMPENSATION.  
Schedule of stock-based compensation expense

Reported stock-based compensation expense was classified as follows (in thousands):

Three months ended

March 31, 

    

2022

    

2021

 

Casino

 

$

71

 

$

42

 

Food and beverage

 

48

 

46

Hotel

 

33

 

32

Selling, general and administrative

 

1,008

 

1,160

Total stock-based compensation, before taxes

 

1,160

 

1,280

Tax benefit

 

(244)

 

(269)

Total stock-based compensation, net of tax

 

$

916

 

$

1,011

 

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.22.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2022
EARNINGS PER SHARE  
Schedule of reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (shares in thousands):

Three months ended March 31, 

2022

2021

Per Share

Per Share

    

Shares

    

Amount

    

Shares

    

Amount

Basic

 

18,868

 

$

0.96

 

18,481

 

$

0.44

Effect of dilutive stock options

 

724

 

(0.04)

 

802

 

(0.02)

Diluted

 

19,592

 

$

0.92

 

19,283

 

$

0.42

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Reporting (Details)
3 Months Ended
Mar. 31, 2022
segment
Segment Reporting  
Number of operating segments 2
Number of reportable segments 1
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk and Credit Losses (Details)
$ in Millions
Mar. 31, 2022
USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Gaming and non-gaming receivables $ 0.1
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Property and Equipment    
Gross property and equipment $ 850,174 $ 834,425
Less accumulated depreciation and amortization (263,631) (253,618)
Property and equipment, net 586,543 580,807
Land    
Property and Equipment    
Gross property and equipment 32,986 32,986
Land improvements    
Property and Equipment    
Gross property and equipment 9,898 9,898
Buildings    
Property and Equipment    
Gross property and equipment 476,070 474,571
Building improvements    
Property and Equipment    
Gross property and equipment 55,974 55,432
Furniture and equipment    
Property and Equipment    
Gross property and equipment 243,734 235,233
Construction in progress    
Property and Equipment    
Gross property and equipment 13,619 8,211
Right of use assets    
Property and Equipment    
Gross property and equipment 14,045 14,246
Leasehold improvements    
Property and Equipment    
Gross property and equipment $ 3,848 $ 3,848
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment Useful Lives and Impairment (Details) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Property and Equipment    
Impairment charge $ 0 $ 0
Land improvements | At least    
Property and Equipment    
Estimated useful life 15 years  
Land improvements | Maximum    
Property and Equipment    
Estimated useful life 40 years  
Buildings | At least    
Property and Equipment    
Estimated useful life 30 years  
Buildings | Maximum    
Property and Equipment    
Estimated useful life 40 years  
Building improvements | At least    
Property and Equipment    
Estimated useful life 5 years  
Building improvements | Maximum    
Property and Equipment    
Estimated useful life 40 years  
Furniture and equipment | At least    
Property and Equipment    
Estimated useful life 5 years  
Furniture and equipment | Maximum    
Property and Equipment    
Estimated useful life 10 years  
Equipment | At least    
Property and Equipment    
Estimated useful life 3 years  
Equipment | Maximum    
Property and Equipment    
Estimated useful life 20 years  
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Goodwill from business combinations    
Goodwill $ 25,111 $ 25,111
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Debt Issuance Costs and Capitalized Interest (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Debt Issuance Costs    
Debt issuance costs, net of amortization $ 1,500  
Amortization of deferred loan costs $ 359 $ 293
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Players Club Program (Details)
$ in Millions
3 Months Ended
Mar. 31, 2022
USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Analysis of redemption activity, preceding period 12 months
Obligations related to the players' club program $ 9.6
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Operating items, net (Details) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Other operating items, net $ 1,317,000 $ 754,000
Professional service fees   600,000
Equipment, supplies and employee testing expenses due to the COVID-19 pandemic   $ 100,000
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.22.1
ACCOUNTING FOR LEASES - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
ACCOUNTING FOR LEASES    
Lease, Practical Expedient, Lessor Single Lease Component [true false] true  
Weighted-average incremental borrowing rate of operating leases 4.34%  
weighted-average remaining lease term 20 years 3 months 18 days  
Cash paid related to operating leases $ 0.3 $ 0.4
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK-BASED COMPENSATION - Reported Stock-based Compensation Expense (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Stock-based compensation expense    
Total stock-based compensation, before taxes $ 1,160 $ 1,280
Tax benefit for employee stock-based compensation (244) (269)
Total stock-based compensation, net of tax 916 1,011
Casino    
Stock-based compensation expense    
Total stock-based compensation, before taxes 71 42
Food and beverage    
Stock-based compensation expense    
Total stock-based compensation, before taxes 48 46
Hotel    
Stock-based compensation expense    
Total stock-based compensation, before taxes 33 32
Selling, general and administrative    
Stock-based compensation expense    
Total stock-based compensation, before taxes $ 1,008 $ 1,160
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.22.1
EARNINGS PER SHARE - Reconciliation (Details) - $ / shares
shares in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Shares    
Basic (in shares) 18,868 18,481
Effect of dilutive stock options (in shares) 724 802
Diluted (in shares) 19,592 19,283
Per Share Amount    
Basic (in dollars per share) $ 0.96 $ 0.44
Effect of dilutive stock options (in dollars per share) (0.04) (0.02)
Diluted (in dollars per share) $ 0.92 $ 0.42
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.22.1
EARNINGS PER SHARE - Anti-dilutive Options (Details) - shares
shares in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Stock options    
Options not included in the computation of diluted earnings per share:    
Excluded from the computation of diluted earnings per share (in shares) 506 210
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.22.1
RELATED PARTY TRANSACTIONS (Details)
$ in Thousands
3 Months Ended
Nov. 17, 2015
USD ($)
Aug. 28, 2015
a
ft²
item
Sep. 30, 2004
USD ($)
Mar. 31, 2022
USD ($)
ft²
Mar. 31, 2021
USD ($)
Biggest Little Investments, L.P. (BLI) | Parking Lot Lease          
RELATED PARTY TRANSACTIONS          
Rent paid       $ 187 $ 174
Operating expenses related to lease       7 7
Right of use asset       10,200  
Operating lease liability       $ 10,200  
Biggest Little Investments, L.P. (BLI) | Driveway Lease          
RELATED PARTY TRANSACTIONS          
Lease term     15 years    
Area of property | ft²       37,400  
Minimum annual rent     $ 300    
Anniversary years subject to cost of living adjustment rent increases     5 years    
Number of terms for which the lease can be renewed | item   3      
Lease renewal option additional term   5 years      
Rent paid       $ 101 101
Operating expenses related to lease       10 8
Right of use asset       3,700  
Operating lease liability       3,700  
Affiliates | Billboard advertising, storage space and parking lot space          
RELATED PARTY TRANSACTIONS          
Rent paid       $ 81 $ 42
Golden Road | Parking Lot Lease | Buildings          
RELATED PARTY TRANSACTIONS          
Area of land | a   4.2      
Golden Road | Parking Lot Lease | Land          
RELATED PARTY TRANSACTIONS          
Number of parking spaces | item   300      
Golden Road | Biggest Little Investments, L.P. (BLI) | Parking Lot Lease          
RELATED PARTY TRANSACTIONS          
Lease term   20 years      
Minimum annual rent $ 695        
Anniversary years subject to cost of living adjustment rent increases 5 years        
Lease renewal option additional term       10 years  
Lessee, Operating Lease, Existence of Option to Extend [true false]       true  
Amount due to related party if lease is not renewed       $ 1,600  
Golden Road | Biggest Little Investments, L.P. (BLI) | Parking Lot Lease | Buildings          
RELATED PARTY TRANSACTIONS          
Area of property | ft²   46,000      
Area of land | a   4.2      
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.22.1
LONG-TERM DEBT (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Sep. 03, 2020
USD ($)
Long-term debt      
Long-term debt, net $ 58,511 $ 68,152  
Interest rate on the term loan facility 1.11%    
LIBOR      
Long-term debt      
Percentage points added to the reference rate 1.00%    
At least      
Long-term debt      
Commitment fee percentage 0.175%    
Maximum      
Long-term debt      
Commitment fee percentage 0.325%    
Term Loan Facility.      
Long-term debt      
Face amount of debt     $ 200,000
Amount outstanding $ 80,000    
Optional prepayment 5,000    
Term Loan Facility. | Period From December 31, 2020 To September 30, 2021      
Long-term debt      
Interest rate     1.25%
Term Loan Facility. | Period From December 31, 2021 And Thereafter      
Long-term debt      
Interest rate     2.50%
Term Loan Facility. | Due in the next twelve months      
Long-term debt      
Mandatory principal payment due in next twelve months     $ 20,000
Fourth Amended Credit Facility      
Long-term debt      
Maximum borrowing capacity     270,000
Long-term debt, net 80,000    
Unamortized debt issuance costs $ 1,500    
Fourth Amended Credit Facility | At least      
Long-term debt      
Fixed charge coverage ratio 1.15    
Fourth Amended Credit Facility | Maximum      
Long-term debt      
Total leverage ratio 4.5    
Revolving Credit Facility      
Long-term debt      
Maximum borrowing capacity $ 75,000   70,000
Total leverage ratio 0.5    
Fixed charge coverage ratio 4.7    
Additional borrowing capacity     $ 75,000
Revolving Credit Facility | At least      
Long-term debt      
Additional borrowing capacity $ 15,000    
Integral multiple additional borrowing capacity $ 1,000    
Revolving Credit Facility | At least | LIBOR      
Long-term debt      
Percentage points added to the reference rate 1.00%    
Revolving Credit Facility | At least | Base Rate      
Long-term debt      
Percentage points added to the reference rate 0.00%    
Revolving Credit Facility | Maximum | LIBOR      
Long-term debt      
Percentage points added to the reference rate 2.00%    
Revolving Credit Facility | Maximum | Base Rate      
Long-term debt      
Percentage points added to the reference rate 1.00%    
Term Loan Facility      
Long-term debt      
Payment that are due in next twelve months $ 20,000    
Mandatory payment 5,000    
Standby Letter of Credit      
Long-term debt      
Face amount of debt 600    
Remaining available borrowings $ 69,400    
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.22.1
TAXES (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
TAXES      
Effective tax rate (as a percent) 12.50% 15.60%  
Income taxes receivable $ 24,365   $ 26,946
Liability for uncertain tax positions recorded 0 $ 0  
Change in uncertain tax positions, increase 0    
Change in uncertain tax positions, decrease 12,000    
Tax benefit for employee stock-based compensation $ (244) $ (269)  
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK REPURCHASE PLAN (Details) - USD ($)
$ in Thousands
3 Months Ended
Jan. 19, 2022
Mar. 31, 2022
Oct. 22, 2014
Stock repurchase plan      
Purchase of company common stock   $ 6,500  
Repurchase Plan      
Stock repurchase plan      
Shares authorized for repurchase under program     3,000,000
Stock repurchases made 100,000    
Purchase of company common stock $ 6,500    
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.22.1
LEGAL MATTERS (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Mar. 31, 2021
LEGAL MATTERS    
professional service fees relating to our construction litigation $ 1.3 $ 0.6
XML 48 mcri-20220331x10q_htm.xml IDEA: XBRL DOCUMENT 0000907242 mcri:StockRepurchasePlan22October2014Member 2014-10-22 0000907242 mcri:StockRepurchasePlan22October2014Member 2022-01-19 2022-01-19 0000907242 us-gaap:TreasuryStockCommonMember 2021-01-01 2021-03-31 0000907242 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-03-31 0000907242 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0000907242 us-gaap:CommonStockMember 2022-01-01 2022-03-31 0000907242 us-gaap:TreasuryStockCommonMember 2022-03-31 0000907242 us-gaap:RetainedEarningsMember 2022-03-31 0000907242 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0000907242 us-gaap:TreasuryStockCommonMember 2021-12-31 0000907242 us-gaap:RetainedEarningsMember 2021-12-31 0000907242 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0000907242 us-gaap:TreasuryStockCommonMember 2021-03-31 0000907242 us-gaap:RetainedEarningsMember 2021-03-31 0000907242 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0000907242 us-gaap:TreasuryStockCommonMember 2020-12-31 0000907242 us-gaap:RetainedEarningsMember 2020-12-31 0000907242 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000907242 srt:MinimumMember us-gaap:LandImprovementsMember 2022-01-01 2022-03-31 0000907242 srt:MinimumMember us-gaap:FurnitureAndFixturesMember 2022-01-01 2022-03-31 0000907242 srt:MinimumMember us-gaap:EquipmentMember 2022-01-01 2022-03-31 0000907242 srt:MinimumMember us-gaap:BuildingMember 2022-01-01 2022-03-31 0000907242 srt:MinimumMember us-gaap:BuildingImprovementsMember 2022-01-01 2022-03-31 0000907242 srt:MaximumMember us-gaap:LandImprovementsMember 2022-01-01 2022-03-31 0000907242 srt:MaximumMember us-gaap:FurnitureAndFixturesMember 2022-01-01 2022-03-31 0000907242 srt:MaximumMember us-gaap:EquipmentMember 2022-01-01 2022-03-31 0000907242 srt:MaximumMember us-gaap:BuildingMember 2022-01-01 2022-03-31 0000907242 srt:MaximumMember us-gaap:BuildingImprovementsMember 2022-01-01 2022-03-31 0000907242 us-gaap:LeaseholdsAndLeaseholdImprovementsMember 2022-03-31 0000907242 us-gaap:LandMember 2022-03-31 0000907242 us-gaap:LandImprovementsMember 2022-03-31 0000907242 us-gaap:FurnitureAndFixturesMember 2022-03-31 0000907242 us-gaap:ConstructionInProgressMember 2022-03-31 0000907242 us-gaap:BuildingMember 2022-03-31 0000907242 us-gaap:BuildingImprovementsMember 2022-03-31 0000907242 mcri:RightOfUseAssetsMember 2022-03-31 0000907242 us-gaap:LeaseholdsAndLeaseholdImprovementsMember 2021-12-31 0000907242 us-gaap:LandMember 2021-12-31 0000907242 us-gaap:LandImprovementsMember 2021-12-31 0000907242 us-gaap:FurnitureAndFixturesMember 2021-12-31 0000907242 us-gaap:ConstructionInProgressMember 2021-12-31 0000907242 us-gaap:BuildingMember 2021-12-31 0000907242 us-gaap:BuildingImprovementsMember 2021-12-31 0000907242 mcri:RightOfUseAssetsMember 2021-12-31 0000907242 mcri:RelatedPartyLeasesForBillboardAdvertisingStorageSpaceAndParkingLotSpaceMember srt:AffiliatedEntityMember 2022-01-01 2022-03-31 0000907242 mcri:RelatedPartyLeasesForBillboardAdvertisingStorageSpaceAndParkingLotSpaceMember srt:AffiliatedEntityMember 2021-01-01 2021-03-31 0000907242 mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2022-03-31 0000907242 mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2022-01-01 2022-03-31 0000907242 mcri:ShoppingCenterDrivewayLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2022-01-01 2022-03-31 0000907242 mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2021-01-01 2021-03-31 0000907242 mcri:ShoppingCenterDrivewayLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2021-01-01 2021-03-31 0000907242 us-gaap:RetainedEarningsMember 2022-01-01 2022-03-31 0000907242 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0000907242 mcri:PeriodFromDecember312021AndThereafterMember mcri:TermLoanMember 2020-09-03 0000907242 mcri:PeriodFromDecember312020ToSeptember302021Member mcri:TermLoanMember 2020-09-03 0000907242 mcri:TermLoanFacilityMember 2022-03-31 0000907242 srt:MinimumMember 2022-01-01 2022-03-31 0000907242 srt:MaximumMember 2022-01-01 2022-03-31 0000907242 mcri:FourthAmendedCreditFacilityMember 2020-09-03 0000907242 mcri:TermLoanMember 2022-03-31 0000907242 mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember mcri:GoldenRoadMotorInnInc.Member 2015-08-28 0000907242 mcri:ShoppingCenterDrivewayLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2015-08-28 0000907242 mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember mcri:GoldenRoadMotorInnInc.Member 2022-01-01 2022-03-31 0000907242 mcri:FourthAmendedCreditFacilityMember 2022-03-31 0000907242 mcri:TermLoanMember 2022-01-01 2022-03-31 0000907242 mcri:TermLoanFacilityMember 2022-01-01 2022-03-31 0000907242 us-gaap:StandbyLettersOfCreditMember 2022-03-31 0000907242 mcri:TermLoanMember 2020-09-03 0000907242 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2022-01-01 2022-03-31 0000907242 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:BaseRateMember 2022-01-01 2022-03-31 0000907242 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2022-01-01 2022-03-31 0000907242 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:BaseRateMember 2022-01-01 2022-03-31 0000907242 us-gaap:LondonInterbankOfferedRateLIBORMember 2022-01-01 2022-03-31 0000907242 mcri:NextTwelveMonthsMember mcri:TermLoanMember 2020-09-03 0000907242 us-gaap:OccupancyMember 2022-01-01 2022-03-31 0000907242 us-gaap:HotelOtherMember 2022-01-01 2022-03-31 0000907242 us-gaap:FoodAndBeverageMember 2022-01-01 2022-03-31 0000907242 us-gaap:CasinoMember 2022-01-01 2022-03-31 0000907242 us-gaap:OccupancyMember 2021-01-01 2021-03-31 0000907242 us-gaap:HotelOtherMember 2021-01-01 2021-03-31 0000907242 us-gaap:FoodAndBeverageMember 2021-01-01 2021-03-31 0000907242 us-gaap:CasinoMember 2021-01-01 2021-03-31 0000907242 us-gaap:CommonStockMember 2022-03-31 0000907242 us-gaap:CommonStockMember 2021-12-31 0000907242 us-gaap:CommonStockMember 2021-03-31 0000907242 us-gaap:CommonStockMember 2020-12-31 0000907242 2020-12-31 0000907242 mcri:ShoppingCenterDrivewayLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2022-03-31 0000907242 us-gaap:BuildingMember mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember mcri:GoldenRoadMotorInnInc.Member 2015-08-28 0000907242 us-gaap:BuildingMember mcri:ShoppingCenterSurfaceLotLeaseMember mcri:GoldenRoadMotorInnInc.Member 2015-08-28 0000907242 us-gaap:EmployeeStockOptionMember 2022-01-01 2022-03-31 0000907242 us-gaap:EmployeeStockOptionMember 2021-01-01 2021-03-31 0000907242 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2022-01-01 2022-03-31 0000907242 us-gaap:OccupancyMember 2022-01-01 2022-03-31 0000907242 us-gaap:FoodAndBeverageMember 2022-01-01 2022-03-31 0000907242 us-gaap:CasinoMember 2022-01-01 2022-03-31 0000907242 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2021-01-01 2021-03-31 0000907242 us-gaap:OccupancyMember 2021-01-01 2021-03-31 0000907242 us-gaap:FoodAndBeverageMember 2021-01-01 2021-03-31 0000907242 us-gaap:CasinoMember 2021-01-01 2021-03-31 0000907242 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-03-31 0000907242 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0000907242 2021-03-31 0000907242 2021-12-31 0000907242 mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember mcri:GoldenRoadMotorInnInc.Member 2022-03-31 0000907242 mcri:ShoppingCenterDrivewayLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2015-08-28 2015-08-28 0000907242 mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember mcri:GoldenRoadMotorInnInc.Member 2015-11-17 0000907242 mcri:ShoppingCenterDrivewayLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2004-09-30 0000907242 mcri:ShoppingCenterSurfaceLotLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember mcri:GoldenRoadMotorInnInc.Member 2015-11-17 2015-11-17 0000907242 mcri:ShoppingCenterDrivewayLeaseMember mcri:BiggestLittleInvestmentsLimitedPartnershipMember 2004-09-30 2004-09-30 0000907242 us-gaap:LandMember mcri:ShoppingCenterSurfaceLotLeaseMember mcri:GoldenRoadMotorInnInc.Member 2015-08-28 0000907242 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember 2022-03-31 0000907242 us-gaap:RevolvingCreditFacilityMember 2020-09-03 0000907242 2022-03-31 0000907242 2021-01-01 2021-03-31 0000907242 srt:MinimumMember mcri:FourthAmendedCreditFacilityMember 2022-03-31 0000907242 srt:MaximumMember mcri:FourthAmendedCreditFacilityMember 2022-03-31 0000907242 us-gaap:RevolvingCreditFacilityMember 2022-03-31 0000907242 2022-05-04 0000907242 2022-01-01 2022-03-31 shares pure iso4217:USD shares iso4217:USD mcri:item utr:acre utr:sqft mcri:segment 0000907242 --12-31 2022 Q1 P12M 754000 10200000 P15Y 3700000 --12-31 false 10-Q true 2022-03-31 false 0-22088 MONARCH CASINO & RESORT, INC NV 88-0300760 3800 S. Virginia St. Reno NV 89502 775 335-4600 Common Stock, $0.01 par value per share MCRI NASDAQ Yes Yes Large Accelerated Filer false false false 18875124 62831000 46911000 26047000 16206000 15192000 8635000 4248000 3208000 108318000 74960000 22367000 13618000 20731000 14095000 5773000 4251000 2082000 1520000 24183000 19925000 10516000 9514000 1317000 754000 86969000 63677000 21349000 11283000 -650000 -1619000 20699000 9664000 2581000 1510000 18118000 8154000 0.96 0.44 0.92 0.42 18868000 18481000 19592000 19283000 33149000 33526000 7487000 8881000 24365000 26946000 6972000 7159000 7031000 7552000 79004000 84064000 586543000 580807000 25111000 25111000 446000 477000 691104000 690459000 20000000 20000000 19410000 18575000 51625000 58891000 42710000 42967000 669000 745000 134414000 141178000 19617000 19617000 13373000 13498000 58511000 68152000 225915000 242445000 0.01 0.01 10000000 10000000 0 0 0.01 0.01 30000000 30000000 19096300 19096300 18875124 18764540 191000 191000 44263000 41426000 221176 331760 8121000 4341000 428856000 410738000 465189000 448014000 691104000 690459000 18764540 191000 41426000 410738000 -4341000 448014000 191035 19000 2458000 2477000 19549 1658000 262000 1920000 100000 6500000 6500000 1160000 1160000 18118000 18118000 18875124 191000 44263000 428856000 -8121000 465189000 18426130 191000 34498000 342250000 -8872000 368067000 91831 1143000 1266000 2409000 1280000 1280000 8154000 8154000 18517961 191000 36921000 350404000 -7606000 379910000 18118000 8154000 10516000 9514000 359000 293000 1160000 1280000 50000 32000 39000 25000 -1000 -4000 1000 -1362000 4025000 -2581000 -1511000 -187000 -855000 -521000 -1071000 835000 703000 -257000 2462000 35438000 21854000 27000 -7266000 497000 14814000 6427000 -22053000 -5930000 2468000 5206000 2409000 3000000 13000000 22500000 6500000 -13762000 -20091000 -377000 -4167000 33526000 28310000 33149000 24143000 293000 1328000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">MONARCH CASINO &amp; RESORT, INC.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">QUARTERLY PERIOD ENDED MARCH 31, 2022</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Basis of Presentation</span>:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Monarch Casino &amp; Resort, Inc. was incorporated in 1993. Unless otherwise indicated, “Monarch,” “us,” “we,” and the “Company” refer to Monarch Casino &amp; Resort, Inc. and its subsidiaries. Monarch owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the “Atlantis”) and Monarch Casino Resort Spa Black Hawk, a hotel and casino in Black Hawk, Colorado (the “Monarch Black Hawk”). In addition, Monarch owns separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado and Monarch Black Hawk. Monarch also owns Chicago Dogs Eatery, Inc. and Monarch Promotional Association, both of which were formed in relation to licensure requirements for extended hours of liquor operation in Black Hawk, Colorado. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The accompanying unaudited consolidated financial statements include the accounts of Monarch and its subsidiaries (the “Consolidated Financial Statements”). Intercompany balances and transactions are eliminated.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Interim Financial Statements</span>:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the management of the Company, all adjustments considered necessary for a fair presentation, consisting solely of a normal and recurring nature, are included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements of the Company at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 2.15pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Segment Reporting:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 2.15pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The accounting guidance for disclosures about segments of an enterprise and related information requires separate financial information to be disclosed for all operating segments of a business. The Company determined that the Company’s two operating segments, Atlantis and Monarch Black Hawk, meet the aggregation criteria stipulated by ASC 280-10-50-11. The Company views each property as an operating segment and the two operating segments have been aggregated into one reporting segment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Concentrations of Credit Risk and Credit Losses:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;">The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;">As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company believes it is not exposed to any significant credit risk on cash and accounts receivable. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Inventories:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Property and Equipment, net:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Property and equipment, net consists of the following (in thousands):</p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;">    </span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.56%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">March 31, 2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;">    </span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.56%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">December 31, 2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;"> </span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Land</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32,986</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32,986</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Land improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 9,898</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 9,898</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Buildings</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 476,070</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 474,571</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Buildings improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55,974</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55,432</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Furniture and equipment</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 243,734</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 235,233</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Construction in progress</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 13,619</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 8,211</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Right of use assets</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 14,045</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 14,246</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Leasehold improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3,848</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3,848</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 850,174</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 834,425</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Less accumulated depreciation and amortization</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (263,631)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (253,618)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Property and equipment, net</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 586,543</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 580,807</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Property and equipment are stated at cost, less accumulated depreciation and amortization. Property and equipment is depreciated principally on a straight-line basis over its estimated useful lives as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:79.99%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Land improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 15</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Buildings</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 30</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Building improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 5</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Furniture</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 5</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 10</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Equipment</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 20</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company evaluates property and equipment and other long-lived assets for impairment in accordance with the guidance for accounting for the impairment or disposal of long-lived assets. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is generally estimated based on comparable asset sales, solicited offers or a discounted cash flow model. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">For assets to be held and used, the Company reviews fixed assets for impairment whenever indicators of impairment exist. If an indicator of impairment exists, we compare the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, the impairment is measured based on fair value compared to carrying value, with fair value typically based on a discounted cash flow model or market comparables, when available. For the three-month periods ended March 31, 2022 and 2021, there were no impairment charges.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Goodwill:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company accounts for goodwill in accordance with ASC Topic 350, Intangibles-Goodwill and Other (“ASC Topic 350”). ASC Topic 350 gives companies the option to perform a qualitative assessment that may allow them to skip the quantitative test as appropriate. The Company tests its goodwill for impairment annually during the fourth quarter, or whenever events or circumstances make it more likely than not that impairment may have occurred. Impairment testing for goodwill is performed at the reporting unit level, and each of the Company’s casino properties is considered to be a reporting unit.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, we had goodwill totaling $25.1 million related to the purchase of Monarch Black Hawk, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">ASC Topic 350 requires that goodwill be tested for impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. We performed an assessment to determine whether events or circumstances such as those described in ASC 350-20-35-3C existed and we determined that they did not exist during the interim period; therefore, an interim impairment test was not performed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="color:#212529;font-family:'inherit';visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Debt Issuance Costs:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Costs incurred in connection with the issuance of long-term debt are amortized to interest expense over the term of the related debt agreement utilizing the effective interest rate method. Unamortized amounts of debt issuance costs are recorded as a reduction of the outstanding debt and included in “Long-term debt, net”.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, debt issuance costs, net of amortization, were $1.5 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Revenue Recognition:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The majority of the Company’s revenue is recognized when products are delivered or services are performed. For certain revenue transactions (when a patron uses a club loyalty card), in accordance with Accounting Standard Update No. 2014-09 (“ASC 606”), a portion of the revenue is deferred until the points earned by the patron are redeemed or expire.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:10pt 0pt 0pt 0pt;"><i style="font-style:italic;">Casino revenue:</i> Casino revenues represent the net win from gaming activity, which is the difference between the amounts won and lost, which represents the transaction price. Jackpots, other than the incremental amount of progressive jackpots, are recognized at the time they are won by customers. Funds deposited by customers in advance and outstanding chips and slot tickets in the customers’ possession are recognized as a liability until such amounts are redeemed or used in gaming play by the customer. Additionally, net win is reduced by the performance obligations for the players’ club program, progressive jackpots and any pre-arranged marker discounts. Progressive jackpot provisions are recognized in two components: 1) as wagers are made for the share of players’ wagers that are contributed to the progressive jackpot award, and 2) as jackpots are won for the portion of the progressive jackpot award contributed by the Company. Cash discounts and other cash incentives to guests related to gaming play are recorded as a reduction to gaming revenue.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><i style="font-style:italic;">Players’ Club Program:</i> The Company operates a players’ club program under which as players perform gaming activities they earn and accumulate points, which may be redeemed for a variety of goods and services. Given the significance of the players’ club program and the ability for members to bank such points based on their past play, the Company has determined that players’ club program points granted in conjunction with gaming activity constitute a material right and, as such, represent a performance obligation associated with the gaming contracts. At the time points are earned, the Company recognizes deferred revenue at the standalone selling prices (“SSP”) of the goods and services that the points are expected to be redeemed for, with a corresponding decrease in gaming revenue. The points estimated SSP is computed as the cash redemption value of the points expected to be redeemed, which is determined through an analysis of all redemption activity over the preceding <span style="-sec-ix-hidden:Hidden_fWl4Afvo8Ua4L_XPh0-nhg;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">twelve</span></span>-month period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, the Company had estimated the obligations related to the players’ club program at $9.6 million, which is included in Accrued Expenses in the Liabilities and Stockholders’ Equity section in the Consolidated Balance Sheet. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><i style="font-style:italic;">Food and Beverage, Hotel and Other (retail) Revenues:</i> Food and Beverage, Hotel and Other Revenues in general are recognized when products are delivered or services are performed. The Company recognizes revenue related to the products and services associated with the players points’ redemptions at the time products are delivered or services are performed, with corresponding reduction in the deferred revenue, at SSP. Other complimentaries in conjunction with the gaming and other business are also valued at SSP. Hotel revenue is presented net of non-third-party rebates and commissions. The cost of providing these complimentary goods and services are included as expenses within their respective categories.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:10pt 0pt 0pt 0pt;"><i style="font-style:italic;">Other Revenues</i><span style="white-space:pre-wrap;">: Other revenues (excluding retail) primarily consist of commissions received on ATM transactions and cash advances, which are recorded on a net basis as the Company represents the agent in its relationship with the third-party service providers, and commissions and fees received in connection with pari-mutuel wagering, which are also recorded on a net basis. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:10pt 0pt 0pt 0pt;"><i style="font-style:italic;">Sales and other taxes</i>: Sales taxes and other taxes collected from customers on behalf of governmental authorities are accounted for on a net basis and are not included in revenues or operating expenses. In addition, tips and other gratuities, excluding service charges, collected from customers on behalf of the Company’s employees are also accounted for on a net basis and are not included in revenues or operating expenses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Other Operating items, net:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Other operating items, net, in general consist of miscellaneous operating charges or proceeds. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">For the three months ended March 31, 2022, Other operating items, net, was $1.3 million and primarily represented professional service fees relating to our construction litigation. For the three months ended March 31, 2021, Other operating items, net, was <span style="-sec-ix-hidden:Hidden_eEk6JZH9dUG6uIzZW6rxew;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">$0.7</span></span> million and included: $0.6 million in professional service fees relating to our construction litigation; and $0.1 million of equipment, supplies and employee testing expenses directly attributable to the pandemic for reopening of the properties and incremental to normal operations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Impact of Recently Adopted Accounting Standards:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company has evaluated the recently issued or proposed by the FASB or other standards-setting bodies accounting standards and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s Consolidated Financial Statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">In addition, a variety of proposed or otherwise potential accounting standards are currently under review and study by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, the Company has not yet determined the effect, if any, the implementation of any such proposed or revised standards would have on the Company’s Consolidated Financial Statements.</p> <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Basis of Presentation</span>:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Monarch Casino &amp; Resort, Inc. was incorporated in 1993. Unless otherwise indicated, “Monarch,” “us,” “we,” and the “Company” refer to Monarch Casino &amp; Resort, Inc. and its subsidiaries. Monarch owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the “Atlantis”) and Monarch Casino Resort Spa Black Hawk, a hotel and casino in Black Hawk, Colorado (the “Monarch Black Hawk”). In addition, Monarch owns separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado and Monarch Black Hawk. Monarch also owns Chicago Dogs Eatery, Inc. and Monarch Promotional Association, both of which were formed in relation to licensure requirements for extended hours of liquor operation in Black Hawk, Colorado. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The accompanying unaudited consolidated financial statements include the accounts of Monarch and its subsidiaries (the “Consolidated Financial Statements”). Intercompany balances and transactions are eliminated.</p> <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Interim Financial Statements</span>:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the management of the Company, all adjustments considered necessary for a fair presentation, consisting solely of a normal and recurring nature, are included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements of the Company at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2021.</p> <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 2.15pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Segment Reporting:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 2.15pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The accounting guidance for disclosures about segments of an enterprise and related information requires separate financial information to be disclosed for all operating segments of a business. The Company determined that the Company’s two operating segments, Atlantis and Monarch Black Hawk, meet the aggregation criteria stipulated by ASC 280-10-50-11. The Company views each property as an operating segment and the two operating segments have been aggregated into one reporting segment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Concentrations of Credit Risk and Credit Losses:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;">The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;">As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company believes it is not exposed to any significant credit risk on cash and accounts receivable. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Inventories:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p> <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 2.15pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Segment Reporting:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 2.15pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The accounting guidance for disclosures about segments of an enterprise and related information requires separate financial information to be disclosed for all operating segments of a business. The Company determined that the Company’s two operating segments, Atlantis and Monarch Black Hawk, meet the aggregation criteria stipulated by ASC 280-10-50-11. The Company views each property as an operating segment and the two operating segments have been aggregated into one reporting segment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Concentrations of Credit Risk and Credit Losses:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;">The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;">As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company believes it is not exposed to any significant credit risk on cash and accounts receivable. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Inventories:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p> 2 2 1 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Concentrations of Credit Risk and Credit Losses:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and trade receivables. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company maintains its surplus cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company accounts for credit losses in accordance with ASU 2016-13 using forward-looking expected loss model.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;">The Company extends short-term credit to its gaming customers. Such credit is non-interest bearing and is due on demand. In addition, the Company also has receivables due from hotel guests and convention groups and events, which are primarily secured with a credit card. An allowance for doubtful accounts is determined to reduce the Company’s receivables to their carrying value, which approximates fair value. The allowance is estimated based on historical collection experience, specific review of individual customer accounts, current economic and business conditions and management’s expectations of future economic and business conditions. The allowance is applied even when the risk of credit loss is remote. When a situation warrants, the Company may create a specific identification reserve for high collection risk receivables. The Company writes off its uncollectible receivables once all efforts have been made to collect such receivables. Recoveries of accounts previously written off are recorded when received. Concentrations of credit risk with respect to gaming and non-gaming receivables are limited due to the large number of customers comprising the Company’s customer base. Historically, the Company has not incurred any significant credit-related losses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;">As of March 31, 2022, the Company has recorded a reserve of $0.1 million for gaming and non-gaming receivables.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company believes it is not exposed to any significant credit risk on cash and accounts receivable. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Inventories:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Inventories, consisting primarily of food, beverages, and retail merchandise, are stated at the lower of cost and net realizable value. Cost is determined by the weighted average and specific identification methods. Net realizable value is defined by the Financial Accounting Standards Board (“FASB”) as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.</p> 100000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Property and Equipment, net:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Property and equipment, net consists of the following (in thousands):</p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;">    </span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.56%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">March 31, 2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;">    </span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.56%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">December 31, 2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;"> </span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Land</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32,986</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32,986</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Land improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 9,898</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 9,898</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Buildings</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 476,070</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 474,571</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Buildings improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55,974</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55,432</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Furniture and equipment</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 243,734</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 235,233</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Construction in progress</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 13,619</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 8,211</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Right of use assets</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 14,045</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 14,246</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Leasehold improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3,848</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3,848</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 850,174</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 834,425</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Less accumulated depreciation and amortization</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (263,631)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (253,618)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Property and equipment, net</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 586,543</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 580,807</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Property and equipment are stated at cost, less accumulated depreciation and amortization. Property and equipment is depreciated principally on a straight-line basis over its estimated useful lives as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:79.99%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Land improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 15</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Buildings</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 30</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Building improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 5</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Furniture</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 5</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 10</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Equipment</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 20</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company evaluates property and equipment and other long-lived assets for impairment in accordance with the guidance for accounting for the impairment or disposal of long-lived assets. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is generally estimated based on comparable asset sales, solicited offers or a discounted cash flow model. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">For assets to be held and used, the Company reviews fixed assets for impairment whenever indicators of impairment exist. If an indicator of impairment exists, we compare the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, the impairment is measured based on fair value compared to carrying value, with fair value typically based on a discounted cash flow model or market comparables, when available. For the three-month periods ended March 31, 2022 and 2021, there were no impairment charges.</p> <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Property and equipment, net consists of the following (in thousands):</p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;">    </span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.56%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">March 31, 2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;">    </span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.56%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">December 31, 2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;"> </span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Land</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32,986</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32,986</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Land improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 9,898</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 9,898</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Buildings</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 476,070</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 474,571</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Buildings improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55,974</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55,432</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Furniture and equipment</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 243,734</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 235,233</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Construction in progress</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 13,619</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 8,211</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Right of use assets</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 14,045</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 14,246</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Leasehold improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3,848</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3,848</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 850,174</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 834,425</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Less accumulated depreciation and amortization</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (263,631)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (253,618)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Property and equipment, net</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 586,543</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 580,807</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:44.42%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr></table> 32986000 32986000 9898000 9898000 476070000 474571000 55974000 55432000 243734000 235233000 13619000 8211000 14045000 14246000 3848000 3848000 850174000 834425000 263631000 253618000 586543000 580807000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:79.99%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Land improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 15</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Buildings</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 30</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Building improvements</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 5</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 40</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Furniture</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 5</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 10</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Equipment</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.13%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.35%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"> 20</p></td><td style="vertical-align:bottom;white-space:nowrap;width:5.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">years</p></td></tr></table> P15Y P40Y P30Y P40Y P5Y P40Y P5Y P10Y P3Y P20Y 0 0 25100000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Debt Issuance Costs:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Costs incurred in connection with the issuance of long-term debt are amortized to interest expense over the term of the related debt agreement utilizing the effective interest rate method. Unamortized amounts of debt issuance costs are recorded as a reduction of the outstanding debt and included in “Long-term debt, net”.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, debt issuance costs, net of amortization, were $1.5 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Revenue Recognition:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The majority of the Company’s revenue is recognized when products are delivered or services are performed. For certain revenue transactions (when a patron uses a club loyalty card), in accordance with Accounting Standard Update No. 2014-09 (“ASC 606”), a portion of the revenue is deferred until the points earned by the patron are redeemed or expire.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:10pt 0pt 0pt 0pt;"><i style="font-style:italic;">Casino revenue:</i> Casino revenues represent the net win from gaming activity, which is the difference between the amounts won and lost, which represents the transaction price. Jackpots, other than the incremental amount of progressive jackpots, are recognized at the time they are won by customers. Funds deposited by customers in advance and outstanding chips and slot tickets in the customers’ possession are recognized as a liability until such amounts are redeemed or used in gaming play by the customer. Additionally, net win is reduced by the performance obligations for the players’ club program, progressive jackpots and any pre-arranged marker discounts. Progressive jackpot provisions are recognized in two components: 1) as wagers are made for the share of players’ wagers that are contributed to the progressive jackpot award, and 2) as jackpots are won for the portion of the progressive jackpot award contributed by the Company. Cash discounts and other cash incentives to guests related to gaming play are recorded as a reduction to gaming revenue.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><i style="font-style:italic;">Players’ Club Program:</i> The Company operates a players’ club program under which as players perform gaming activities they earn and accumulate points, which may be redeemed for a variety of goods and services. Given the significance of the players’ club program and the ability for members to bank such points based on their past play, the Company has determined that players’ club program points granted in conjunction with gaming activity constitute a material right and, as such, represent a performance obligation associated with the gaming contracts. At the time points are earned, the Company recognizes deferred revenue at the standalone selling prices (“SSP”) of the goods and services that the points are expected to be redeemed for, with a corresponding decrease in gaming revenue. The points estimated SSP is computed as the cash redemption value of the points expected to be redeemed, which is determined through an analysis of all redemption activity over the preceding <span style="-sec-ix-hidden:Hidden_fWl4Afvo8Ua4L_XPh0-nhg;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">twelve</span></span>-month period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, the Company had estimated the obligations related to the players’ club program at $9.6 million, which is included in Accrued Expenses in the Liabilities and Stockholders’ Equity section in the Consolidated Balance Sheet. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><i style="font-style:italic;">Food and Beverage, Hotel and Other (retail) Revenues:</i> Food and Beverage, Hotel and Other Revenues in general are recognized when products are delivered or services are performed. The Company recognizes revenue related to the products and services associated with the players points’ redemptions at the time products are delivered or services are performed, with corresponding reduction in the deferred revenue, at SSP. Other complimentaries in conjunction with the gaming and other business are also valued at SSP. Hotel revenue is presented net of non-third-party rebates and commissions. The cost of providing these complimentary goods and services are included as expenses within their respective categories.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:10pt 0pt 0pt 0pt;"><i style="font-style:italic;">Other Revenues</i><span style="white-space:pre-wrap;">: Other revenues (excluding retail) primarily consist of commissions received on ATM transactions and cash advances, which are recorded on a net basis as the Company represents the agent in its relationship with the third-party service providers, and commissions and fees received in connection with pari-mutuel wagering, which are also recorded on a net basis. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:10pt 0pt 0pt 0pt;"><i style="font-style:italic;">Sales and other taxes</i>: Sales taxes and other taxes collected from customers on behalf of governmental authorities are accounted for on a net basis and are not included in revenues or operating expenses. In addition, tips and other gratuities, excluding service charges, collected from customers on behalf of the Company’s employees are also accounted for on a net basis and are not included in revenues or operating expenses.</p> <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Debt Issuance Costs:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Costs incurred in connection with the issuance of long-term debt are amortized to interest expense over the term of the related debt agreement utilizing the effective interest rate method. Unamortized amounts of debt issuance costs are recorded as a reduction of the outstanding debt and included in “Long-term debt, net”.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, debt issuance costs, net of amortization, were $1.5 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p> 1500000 9600000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Other Operating items, net:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Other operating items, net, in general consist of miscellaneous operating charges or proceeds. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">For the three months ended March 31, 2022, Other operating items, net, was $1.3 million and primarily represented professional service fees relating to our construction litigation. For the three months ended March 31, 2021, Other operating items, net, was <span style="-sec-ix-hidden:Hidden_eEk6JZH9dUG6uIzZW6rxew;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">$0.7</span></span> million and included: $0.6 million in professional service fees relating to our construction litigation; and $0.1 million of equipment, supplies and employee testing expenses directly attributable to the pandemic for reopening of the properties and incremental to normal operations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p> 1300000 600000 100000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Impact of Recently Adopted Accounting Standards:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:21.6pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company has evaluated the recently issued or proposed by the FASB or other standards-setting bodies accounting standards and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s Consolidated Financial Statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">In addition, a variety of proposed or otherwise potential accounting standards are currently under review and study by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, the Company has not yet determined the effect, if any, the implementation of any such proposed or revised standards would have on the Company’s Consolidated Financial Statements.</p> <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 2. ACCOUNTING FOR LEASES</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">For leases with terms greater than 12 months, the Company records the related asset and obligation at the present value of the lease payments over the lease term. Certain of the Company’s leases include rental escalation clauses, renewal options and/or termination options that are factored into its determination of lease payments when appropriate. As permitted by ASC 842, the Company elected not to separate non-lease components from their related lease components.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, the Company’s right of use assets consisted of the Parking Lot Lease, the Driveway Lease (each as defined and discussed in <span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 5. RELATED PARTY TRANSACTIONS)</span>, as well as certain billboard leases.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Upon adoption of the new lease standard, incremental borrowing rates used for existing leases were established using the rates in effect as of the lease inception or modification date. The weighted-average incremental borrowing rate of the leases presented in the lease liability as of March 31, 2022 was 4.34%.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The weighted-average remaining lease term of the leases presented in the lease liability as of March 31, 2022 was 20.3 years.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Cash paid related to the operating leases presented in the lease liability for each of the three months ended March 31, 2022 and 2021, was $0.3 million and $0.4 million, respectively.</p> true 0.0434 P20Y3M18D 300000 400000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 3. STOCK-BASED COMPENSATION</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">In accordance with ASC 606, the Company records any excess tax benefits or deficiencies from its equity awards in its Consolidated Statements of Income in the reporting periods in which vesting occurs. As a result, the Company’s income tax expense and associated effective tax rate are impacted by fluctuations in stock price between the grant dates and vesting dates of equity awards. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Reported stock-based compensation expense was classified as follows (in thousands):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:25.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;white-space:pre-wrap;">Three months ended </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:25.66%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">March 31, </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:11.47%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:11.47%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2021</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;"> </b></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Casino</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 71</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 42</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Food and beverage</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 48</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 46</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Hotel</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 33</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Selling, general and administrative</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,008</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,160</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Total stock-based compensation, before taxes</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,160</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,280</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Tax benefit</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (244)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (269)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Total stock-based compensation, net of tax</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 916</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,011</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p> <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Reported stock-based compensation expense was classified as follows (in thousands):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:25.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;white-space:pre-wrap;">Three months ended </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:25.66%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">March 31, </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:11.47%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:11.47%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2021</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;"> </b></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Casino</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 71</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 42</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Food and beverage</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 48</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 46</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Hotel</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 33</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Selling, general and administrative</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,008</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,160</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Total stock-based compensation, before taxes</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,160</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,280</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Tax benefit</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (244)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (269)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:70.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Total stock-based compensation, net of tax</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.72%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 916</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.72%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.75%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,011</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.43%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td></tr></table> 71000 42000 48000 46000 33000 32000 1008000 1160000 1160000 1280000 244000 269000 916000 1011000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 4. EARNINGS PER SHARE</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Basic earnings per share is computed by dividing reported net earnings by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect the additional dilution for all potentially dilutive securities such as stock options. The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (shares in thousands):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="9" style="vertical-align:bottom;white-space:nowrap;width:42.77%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;white-space:pre-wrap;">Three months ended March 31, </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="4" style="vertical-align:bottom;white-space:nowrap;width:20.14%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="4" style="vertical-align:bottom;white-space:nowrap;width:20.14%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2021</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Per Share</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Per Share</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Shares</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Amount</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Shares</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Amount</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Basic </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 18,868</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0.96</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 18,481</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0.44</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Effect of dilutive stock options</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 724</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (0.04)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 802</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (0.02)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Diluted </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 19,592</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0.92</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 19,283</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0.42</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 8.3pt 0pt 0pt;"><span style="margin-right:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Excluded from the computation of diluted earnings per share are options where the exercise prices are greater than the weighted assumed proceeds per share as their effects would be anti-dilutive in the computation of diluted earnings per share. For the three months ended March 31, 2022 and 2021, options for approximately 506 thousand and 210 thousand shares, respectively, were excluded from the computation.</p> The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (shares in thousands):<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="9" style="vertical-align:bottom;white-space:nowrap;width:42.77%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;white-space:pre-wrap;">Three months ended March 31, </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="4" style="vertical-align:bottom;white-space:nowrap;width:20.14%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="4" style="vertical-align:bottom;white-space:nowrap;width:20.14%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2021</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Per Share</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Per Share</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Shares</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Amount</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Shares</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Amount</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Basic </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 18,868</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0.96</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 18,481</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0.44</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Effect of dilutive stock options</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 724</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (0.04)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 802</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (0.02)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Diluted </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.47%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 19,592</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0.92</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.02%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 19,283</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.49%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.03%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 0.42</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.5%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 8.3pt 0pt 0pt;"><span style="margin-right:0pt;visibility:hidden;">​</span></p> 18868000 0.96 18481000 0.44 724000 -0.04 802000 -0.02 19592000 0.92 19283000 0.42 506000 210000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 5. RELATED PARTY TRANSACTIONS</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The shopping center adjacent to the Atlantis (the “Shopping Center”) is owned by Biggest Little Investments, L.P. (“BLI”). John Farahi and Bob Farahi, Co-Chairmen of the Board and executive officers of the Company, and Ben Farahi have significant holdings (the “Farahi Family Stockholders”) in Monarch and each also beneficially owns limited partnership interests in BLI. Maxum LLC is the sole general partner of BLI, and Ben Farahi is the sole managing member of Maxum LLC. Neither John Farahi nor Bob Farahi has any management or operational control over BLI or the Shopping Center. Until May 2006, Ben Farahi held the positions of Co-Chairman of the Board, Secretary, Treasurer and Chief Financial Officer of the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">On August 28, 2015, Monarch, through its subsidiary Golden Road Motor Inn, Inc., entered into a 20-year lease agreement with BLI for a portion of the Shopping Center, consisting of an approximate 46,000 square-foot commercial building on approximately 4.2 acres of land adjacent to the Atlantis (the “Parking Lot Lease”). This lease gives the Atlantis the right to use a parcel, approximately 4.2 acres, comprised of a commercial building and surrounding land adjacent to the Atlantis. The primary purpose of the Parking Lot Lease is to provide additional, convenient, Atlantis surface parking. The Company demolished the building and converted the land into approximately 300 additional surface parking spaces for the Atlantis. The minimum annual rent under the Parking Lot Lease is $695 thousand commencing on November 17, 2015. The minimum annual rent is subject to a cost of living adjustment increase on each five-year anniversary. In addition, the Company is responsible for the payment of property taxes, utilities and maintenance expenses related to the leased property. The Company has an option to renew the Parking Lot Lease for an additional ten-year term. If the Company elects not to exercise its renewal option, the Company will be obligated to pay BLI $1.6 million. For the three-month periods ended March 31, 2022 and 2021, the Company paid $187 thousand and $174 thousand in rent, respectively, plus $7 thousand in operating expenses relating to this lease for each of the periods. The right of use asset and lease <span style="-sec-ix-hidden:Hidden_b4cxokA4HEyiYVe62m7kLg;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">liability</span></span> balances as of March 31, 2022, recognized in the Consolidated Balance Sheet, was $10.2 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">In addition, the Atlantis shares a driveway with the Shopping Center and leases approximately 37,400 square feet from BLI (the “Driveway Lease”) for an initial lease term of 15 years, which commenced on September 30, 2004, at an original annual rent of $300 thousand plus common area expenses. The annual rent is subject to a cost of living adjustment increase on each five-year anniversary of the Driveway Lease. Effective August 28, 2015, in connection with the Company entering into the Parking Lot Lease, the Driveway Lease was amended to: (i) make the Company solely responsible for the operation and maintenance costs of the shared driveway (including the fountains thereon); (ii) eliminate the Company’s obligation to reimburse the Shopping Center for its proportionate share of common area expenses; and (iii) exercise the three successive five-year renewal terms beyond the initial <span style="-sec-ix-hidden:Hidden_rEG22cq6rUGUR0kALHivTA;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">15-year</span></span> term in the existing Driveway Lease agreement. At the end of the renewal terms, the Company has the option to purchase the leased driveway section of the Shopping Center. For each of the three-month periods ended March 31, 2022 and 2021, the Company paid $101 thousand in rent plus $10 thousand and $8 thousand, respectively, in operating expenses relating to this lease. The right of use asset and lease liability balances as of <span style="-sec-ix-hidden:Hidden_gOOQT-txOESnpP3IaA44Yw;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">March 31</span></span>, 2022, recognized in the Consolidated Balance Sheet, was $3.7 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company occasionally leases billboard advertising, storage space and parking lot space from affiliates controlled by the Farahi Family Stockholders, and paid $81 thousand and $42 thousand, respectively, for the three-month periods ended March 31, 2022 and 2021, for such leases.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p> P20Y 46000 4.2 4.2 300 695000 P5Y true P10Y 1600000 187000 174000 7000 7000 10200000 37400 P15Y 300000 P5Y 3 P5Y 101000 101000 10000 8000 3700000 81000 42000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 6. LONG-TERM DEBT</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">On September 3, 2020, the Company entered into the Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, N.A., as administrative agent and certain banks (the “Fourth Amended Credit Facility”). On April 30, 2021, the Company entered into an amendment to the Fourth Amended Credit Facility (collectively, with all prior amendments, the “Amended Credit Facility”).<span style="font-size:12pt;"> </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> <span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The maturity date of the Amended Credit Facility is September 3, 2023. The Amended Credit Facility increases the aggregate principal amount of the credit facilities to $270 million. The $270 million Amended Credit Facility consists of: a $200 million term loan (“Term Loan Facility”) and a $70 million revolving credit facility (“Revolving Credit Facility”), with an option to increase the Revolving Credit Facility by up to an additional $75 million. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, the Company had an outstanding principal balance of $80 million under the Term Loan Facility, a $0.6 million letter of credit and no borrowings under the Revolving Credit Facility; $69.4 million remained available for borrowing.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:18pt;margin:0pt;">The Company is required to make quarterly principal payments under the Term Loan Facility on each Term Loan Installment Date, commencing on December 31, 2020, in an amount equal to (x) the percentage set forth opposite the applicable period during which such Term Loan Installment Date occurs (i.e., 1.25% for the period from December 31, 2020 to September 30, 2021, and 2.50% for the period from December 31, 2021 and thereafter) multiplied by (y) $200 million. The estimated amount of the mandatory principal payments due in the next twelve months is $20 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:18pt;margin:0pt;">Commencing with the delivery of the compliance certificate for fiscal year 2022, the Company may be required to prepay borrowings under the Amended Credit Facility using excess cash flows for each fiscal year, depending on the Company’s leverage ratio.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-indent:18pt;margin:0pt;"><span style="font-size:10pt;line-height:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Borrowings are secured by liens on substantially all of the Company’s real and personal property.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">In addition to other customary covenants for a facility of this nature, as of March 31, 2022, the Company is required to maintain a Total Leverage Ratio (as defined in the Amended Credit Facility) of no more than 4.5:1 and Fixed Charge Coverage Ratio (as defined in the Amended Credit Facility) of at least 1.15:1. As of March 31, 2022, the Company’s Total Leverage Ratio and Fixed Charge Coverage Ratio were 0.5:1 and 4.7:1, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The interest rate under the Amended Credit Facility is LIBOR plus a margin ranging from 1.00% to 2.00%, or a base rate (as defined in the Amended Credit Facility) plus a margin ranging from 0.00% to 1.00%, or the Prime Rate. The applicable margins vary depending on the Company’s leverage ratio. Commitment fees are equal to the daily average unused revolving commitment multiplied by the commitment fee percentage, ranging from 0.175% to 0.325%, based on our leverage ratio. As of March 31, 2022, the interest rate on the Term Loan Facility was 1.11%, or LIBOR plus a 1.00% margin.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">On the terms and subject to some conditions, the Company may, at any time before the maturity date, request an increase of the Revolving Credit Facility, provided that each such increase is equal to $15 million or an integral multiple of $1 million in excess and, after giving effect to the requested increase, the aggregate amount of the increases in the total revolving loan commitment shall not exceed $75 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company may prepay borrowings under the Amended Credit Facility revolving loan without penalty (subject to certain conditions and certain charges applicable to the prepayment of LIBOR borrowings prior to the end of the applicable interest period). Once reduced or cancelled, the Revolving Credit Facility may not be increased or reinstated without the prior written consent of all lenders. During the first three months of 2022, the Company made $5 million in optional prepayments on its Term Loan Facility in addition to $5 million in mandatory payments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, the $58.5 million “Long-term debt, net” in the Company’s consolidated balance sheet represents the $80 million outstanding loan amount under the Amended Credit Facility, net of $1.5 million unamortized debt issuance costs and $20 million mandatory principal payments that are due in the next twelve months and presented as “Current portion of long-term debt” in the Current liabilities section of the Company’s consolidated balance sheet.</p> 270000000 270000000 200000000 70000000 75000000 80000000 600000 69400000 0.0125 0.0250 200000000 20000000 4.5 1.15 0.5 4.7 0.0100 0.0200 0.0000 0.0100 0.00175 0.00325 0.0111 0.0100 15000000 1000000 75000000 5000000 5000000 58500000 80000000 1500000 20000000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 7. TAXES</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">For the three months ended March 31, 2022 and 2021, the Company’s effective tax rate was 12.5% and 15.6%, respectively. The effective tax rate for the three months ended March 31, 2022 and 2021 was impacted by excess tax benefit on stock option exercises.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As of March 31, 2022, the $24.4 million “Income taxes receivable” in the Company’s consolidated balance sheet represents the expected federal and state tax refund for 2020 tax year, net of current year federal and state tax payable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Deferred tax assets were evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">No uncertain tax positions were recorded as of March 31, 2022 and 2021. No change in uncertain tax positions is anticipated over the next twelve months.</p> 0.125 0.156 24400000 0 0 0 12000000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 8. STOCK REPURCHASE PLAN</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">On October 22, 2014, the board of directors of Monarch authorized a stock repurchase plan (the “Repurchase Plan”). Under the Repurchase Plan, the board of directors authorized a program to repurchase up to 3,000,000 shares of the Company’s common stock in the open market or in privately negotiated transactions from time to time, in compliance with Rule 10b-18 of the Securities and Exchange Act of 1934, as amended, subject to market conditions, applicable legal requirements and other factors. The Repurchase Plan does not obligate the Company to acquire any particular amount of common stock and the plan may be suspended at any time at the Company’s discretion, and it will continue until exhausted. The actual timing, number and value of shares repurchased under the repurchase program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s stock, general market economic conditions and applicable legal requirements. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">On January 19, 2022, under the authority of the Repurchase Plan, the Company purchased 100,000 shares for $6.5 million in a privately negotiated transaction. As of March 31, 2022, this was the only purchase made under the Repurchase Plan.</p> 3000000 100000 6500000 <p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">NOTE 9. LEGAL MATTERS</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="white-space:pre-wrap;"> On August 30, 2019, PCL Construction Services, Inc. (“PCL”) filed a complaint in District Court, City and County of Denver, Colorado (the “Denver Action”), against the Company and its Colorado subsidiaries, in connection with certain disputes regarding construction of the Company’s expansion of Monarch Black Hawk. The complaint alleges, among other things, the defendants breached the construction contract with PCL and certain implied warranties. On December 5, 2019, the Company and its Colorado subsidiaries filed an answer and counterclaim, which alleges, among other items, that PCL breached the construction contract, duties of good faith and fair dealing, and implied and express warranties, made fraudulent or negligent misrepresentations on which the Company and its Colorado subsidiaries relied, and included claims for monetary damages as well as equitable and declaratory relief.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The trial date for this matter has again been rescheduled and is now set for September 6, 2022, based on PCL’s failure to produce relevant documents. Discovery in the action is thus ongoing, and we are currently unable to determine the probability of the outcome or reasonably estimate the loss or gain, if any.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">In connection with the expansion of the Monarch Black Hawk, as described above, PCL and certain subcontractors have provided purported notice of liens filed against the real property on which the Monarch Black Hawk is situated (the “Monarch Black Hawk Property”), for sums allegedly owed for construction of the expansion.  Some of the subcontractors have recorded such liens in the property records of Gilpin County, Colorado.  </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">On March 26, 2021, PCL filed a mechanics’ lien foreclosure action in District Court, County of Gilpin, Colorado (the “Gilpin Action”), against the Company and its Colorado subsidiaries, in connection with the Company’s expansion plans for the Monarch Black Hawk Property. The complaint essentially mirrors the claims and allegations made by PCL in the Denver Action, as described above.  The new lawsuit includes an additional claim, however, for foreclosure of PCL’s purported mechanics’ lien against the Monarch Black Hawk Property. PCL also joined additional subcontractors as defendants who have claimed a purported lien against the Monarch Black Hawk Property.  Effective May 10, 2021, PCL filed its second amended complaint, joining more such parties as defendants. Many of the Company’s co-defendants have filed cross claims against Monarch for foreclosure of mechanics’ liens and related claims, including unjust enrichment, and have also filed counterclaims against PCL.  The Company and its Colorado subsidiaries filed an answer and counterclaims in the Gilpin Action on July 15, 2021.  Monarch has also filed answers to all cross claims, denying the claimants’ rights to relief.  The Company and its Colorado subsidiaries intend to defend against PCL’s claims and the cross claims filed by certain subcontractors, and will vigorously prosecute its counterclaims for damages. The case remains stayed pending the outcome of the Denver Action.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"> </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company recognized $1.3 million and $0.6 million in construction litigation expense relating to these lawsuits for the three months ended March 31, 2022 and 2021, respectively, which are included in Other operating items, net on the Consolidated Statements of Income.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">From time to time, we may be subject to other legal proceedings and claims in the ordinary course of business. Management believes that the amount of any reasonably possible or probable loss for such other known matters would not have a material adverse impact on our financial conditions, cash flows or results of operations; however, the outcome of these actions is inherently difficult to predict.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p> 1300000 600000 EXCEL 49 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 50 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 51 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 52 FilingSummary.xml IDEA: XBRL DOCUMENT 3.22.1 html 120 196 1 false 41 0 false 8 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00100 - Statement - CONSOLIDATED STATEMENTS OF INCOME Sheet http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome CONSOLIDATED STATEMENTS OF INCOME Statements 2 false false R3.htm 00200 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS Statements 3 false false R4.htm 00205 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 4 false false R5.htm 00300 - Statement - CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY Sheet http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY Statements 5 false false R6.htm 00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 10101 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 7 false false R8.htm 10201 - Disclosure - ACCOUNTING FOR LEASES Sheet http://www.monarchcasino.com/role/DisclosureAccountingForLeases ACCOUNTING FOR LEASES Notes 8 false false R9.htm 10301 - Disclosure - STOCK-BASED COMPENSATION Sheet http://www.monarchcasino.com/role/DisclosureStockBasedCompensation STOCK-BASED COMPENSATION Notes 9 false false R10.htm 10401 - Disclosure - EARNINGS PER SHARE Sheet http://www.monarchcasino.com/role/DisclosureEarningsPerShare EARNINGS PER SHARE Notes 10 false false R11.htm 10501 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactions RELATED PARTY TRANSACTIONS Notes 11 false false R12.htm 10601 - Disclosure - LONG-TERM DEBT Sheet http://www.monarchcasino.com/role/DisclosureLongTermDebt LONG-TERM DEBT Notes 12 false false R13.htm 10701 - Disclosure - TAXES Sheet http://www.monarchcasino.com/role/DisclosureTaxes TAXES Notes 13 false false R14.htm 10801 - Disclosure - STOCK REPURCHASE PLAN Sheet http://www.monarchcasino.com/role/DisclosureStockRepurchasePlan STOCK REPURCHASE PLAN Notes 14 false false R15.htm 10901 - Disclosure - LEGAL MATTERS Sheet http://www.monarchcasino.com/role/DisclosureLegalMatters LEGAL MATTERS Notes 15 false false R16.htm 20102 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 16 false false R17.htm 30103 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPolicies 17 false false R18.htm 30303 - Disclosure - STOCK-BASED COMPENSATION (Tables) Sheet http://www.monarchcasino.com/role/DisclosureStockBasedCompensationTables STOCK-BASED COMPENSATION (Tables) Tables http://www.monarchcasino.com/role/DisclosureStockBasedCompensation 18 false false R19.htm 30403 - Disclosure - EARNINGS PER SHARE (Tables) Sheet http://www.monarchcasino.com/role/DisclosureEarningsPerShareTables EARNINGS PER SHARE (Tables) Tables http://www.monarchcasino.com/role/DisclosureEarningsPerShare 19 false false R20.htm 40101 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Reporting (Details) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesSegmentReportingDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Reporting (Details) Details 20 false false R21.htm 40102 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk and Credit Losses (Details) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesConcentrationsOfCreditRiskAndCreditLossesDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk and Credit Losses (Details) Details 21 false false R22.htm 40103 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) Details 22 false false R23.htm 40104 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment Useful Lives and Impairment (Details) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment Useful Lives and Impairment (Details) Details 23 false false R24.htm 40105 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesGoodwillDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details) Details 24 false false R25.htm 40106 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Debt Issuance Costs and Capitalized Interest (Details) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDebtIssuanceCostsAndCapitalizedInterestDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Debt Issuance Costs and Capitalized Interest (Details) Details 25 false false R26.htm 40107 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Players Club Program (Details) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPlayersClubProgramDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Players Club Program (Details) Details 26 false false R27.htm 40108 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Operating items, net (Details) Sheet http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesOtherOperatingItemsNetDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Operating items, net (Details) Details 27 false false R28.htm 40201 - Disclosure - ACCOUNTING FOR LEASES - Narrative (Details) Sheet http://www.monarchcasino.com/role/DisclosureAccountingForLeasesNarrativeDetails ACCOUNTING FOR LEASES - Narrative (Details) Details 28 false false R29.htm 40305 - Disclosure - STOCK-BASED COMPENSATION - Reported Stock-based Compensation Expense (Details) Sheet http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails STOCK-BASED COMPENSATION - Reported Stock-based Compensation Expense (Details) Details 29 false false R30.htm 40401 - Disclosure - EARNINGS PER SHARE - Reconciliation (Details) Sheet http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails EARNINGS PER SHARE - Reconciliation (Details) Details 30 false false R31.htm 40402 - Disclosure - EARNINGS PER SHARE - Anti-dilutive Options (Details) Sheet http://www.monarchcasino.com/role/DisclosureEarningsPerShareAntiDilutiveOptionsDetails EARNINGS PER SHARE - Anti-dilutive Options (Details) Details 31 false false R32.htm 40501 - Disclosure - RELATED PARTY TRANSACTIONS (Details) Sheet http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails RELATED PARTY TRANSACTIONS (Details) Details http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactions 32 false false R33.htm 40601 - Disclosure - LONG-TERM DEBT (Details) Sheet http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails LONG-TERM DEBT (Details) Details http://www.monarchcasino.com/role/DisclosureLongTermDebt 33 false false R34.htm 40703 - Disclosure - TAXES (Details) Sheet http://www.monarchcasino.com/role/DisclosureTaxesDetails TAXES (Details) Details http://www.monarchcasino.com/role/DisclosureTaxes 34 false false R35.htm 40801 - Disclosure - STOCK REPURCHASE PLAN (Details) Sheet http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails STOCK REPURCHASE PLAN (Details) Details http://www.monarchcasino.com/role/DisclosureStockRepurchasePlan 35 false false R36.htm 40901 - Disclosure - LEGAL MATTERS (Details) Sheet http://www.monarchcasino.com/role/DisclosureLegalMattersDetails LEGAL MATTERS (Details) Details http://www.monarchcasino.com/role/DisclosureLegalMatters 36 false false All Reports Book All Reports mcri-20220331x10q.htm mcri-20220331.xsd mcri-20220331_cal.xml mcri-20220331_def.xml mcri-20220331_lab.xml mcri-20220331_pre.xml mcri-20220331xex31d1.htm mcri-20220331xex31d2.htm mcri-20220331xex32d1.htm mcri-20220331xex32d2.htm mcri-20220331x10q001.jpg http://fasb.org/us-gaap/2021-01-31 http://xbrl.sec.gov/dei/2021q4 true true JSON 55 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "mcri-20220331x10q.htm": { "axisCustom": 0, "axisStandard": 14, "contextCount": 120, "dts": { "calculationLink": { "local": [ "mcri-20220331_cal.xml" ] }, "definitionLink": { "local": [ "mcri-20220331_def.xml" ] }, "inline": { "local": [ "mcri-20220331x10q.htm" ] }, "labelLink": { "local": [ "mcri-20220331_lab.xml" ] }, "presentationLink": { "local": [ "mcri-20220331_pre.xml" ] }, "schema": { "local": [ "mcri-20220331.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/arcrole/esma-arcrole-2018-11-21.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd", "https://xbrl.sec.gov/country/2021/country-2021.xsd", "https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd" ] } }, "elementCount": 312, "entityCount": 1, "hidden": { "http://fasb.org/us-gaap/2021-01-31": 6, "http://www.monarchcasino.com/20220331": 1, "http://xbrl.sec.gov/dei/2021q4": 6, "total": 13 }, "keyCustom": 21, "keyStandard": 175, "memberCustom": 13, "memberStandard": 25, "nsprefix": "mcri", "nsuri": "http://www.monarchcasino.com/20220331", "report": { "R1": { "firstAnchor": { "ancestors": [ "p", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "00090 - Document - Document and Entity Information", "role": "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R10": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EarningsPerShareTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10401 - Disclosure - EARNINGS PER SHARE", "role": "http://www.monarchcasino.com/role/DisclosureEarningsPerShare", "shortName": "EARNINGS PER SHARE", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EarningsPerShareTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R11": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10501 - Disclosure - RELATED PARTY TRANSACTIONS", "role": "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactions", "shortName": "RELATED PARTY TRANSACTIONS", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R12": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DebtDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10601 - Disclosure - LONG-TERM DEBT", "role": "http://www.monarchcasino.com/role/DisclosureLongTermDebt", "shortName": "LONG-TERM DEBT", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DebtDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R13": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10701 - Disclosure - TAXES", "role": "http://www.monarchcasino.com/role/DisclosureTaxes", "shortName": "TAXES", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R14": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:TreasuryStockTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10801 - Disclosure - STOCK REPURCHASE PLAN", "role": "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlan", "shortName": "STOCK REPURCHASE PLAN", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:TreasuryStockTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R15": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LossContingencyDisclosures", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10901 - Disclosure - LEGAL MATTERS", "role": "http://www.monarchcasino.com/role/DisclosureLegalMatters", "shortName": "LEGAL MATTERS", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LossContingencyDisclosures", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R16": { "firstAnchor": { "ancestors": [ "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ConsolidationPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "20102 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)", "subGroupType": "policies", "uniqueAnchor": { "ancestors": [ "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ConsolidationPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R17": { "firstAnchor": { "ancestors": [ "us-gaap:PropertyPlantAndEquipmentPolicyTextBlock", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:PropertyPlantAndEquipmentTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "30103 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "us-gaap:PropertyPlantAndEquipmentPolicyTextBlock", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:PropertyPlantAndEquipmentTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R18": { "firstAnchor": { "ancestors": [ "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "30303 - Disclosure - STOCK-BASED COMPENSATION (Tables)", "role": "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationTables", "shortName": "STOCK-BASED COMPENSATION (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R19": { "firstAnchor": { "ancestors": [ "p", "us-gaap:EarningsPerShareTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfWeightedAverageNumberOfSharesTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "30403 - Disclosure - EARNINGS PER SHARE (Tables)", "role": "http://www.monarchcasino.com/role/DisclosureEarningsPerShareTables", "shortName": "EARNINGS PER SHARE (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:EarningsPerShareTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfWeightedAverageNumberOfSharesTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R2": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00100 - Statement - CONSOLIDATED STATEMENTS OF INCOME", "role": "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome", "shortName": "CONSOLIDATED STATEMENTS OF INCOME", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R20": { "firstAnchor": { "ancestors": [ "p", "us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock", "us-gaap:SegmentReportingPolicyPolicyTextBlock", "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:NumberOfOperatingSegments", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_segment_j_2yHtOQH06G8KH4to2qGA", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40101 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Reporting (Details)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesSegmentReportingDetails", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Reporting (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock", "us-gaap:SegmentReportingPolicyPolicyTextBlock", "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:NumberOfOperatingSegments", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_segment_j_2yHtOQH06G8KH4to2qGA", "xsiNil": "false" } }, "R21": { "firstAnchor": { "ancestors": [ "p", "ix:continuation", "ix:continuation", "ix:continuation", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-5", "first": true, "lang": null, "name": "mcri:GamingAndNonGamingReceivables", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40102 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk and Credit Losses (Details)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesConcentrationsOfCreditRiskAndCreditLossesDetails", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk and Credit Losses (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "ix:continuation", "ix:continuation", "ix:continuation", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-5", "first": true, "lang": null, "name": "mcri:GamingAndNonGamingReceivables", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R22": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "us-gaap:PropertyPlantAndEquipmentTextBlock", "us-gaap:PropertyPlantAndEquipmentPolicyTextBlock", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:PropertyPlantAndEquipmentGross", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40103 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "td", "tr", "table", "us-gaap:PropertyPlantAndEquipmentTextBlock", "us-gaap:PropertyPlantAndEquipmentPolicyTextBlock", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:PropertyPlantAndEquipmentGross", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R23": { "firstAnchor": { "ancestors": [ "us-gaap:ImpairmentOfLongLivedAssetsHeldForUse", "p", "ix:continuation", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ImpairmentOfLongLivedAssetsHeldForUse", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40104 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment Useful Lives and Impairment (Details)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment Useful Lives and Impairment (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "us-gaap:ImpairmentOfLongLivedAssetsHeldForUse", "p", "ix:continuation", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ImpairmentOfLongLivedAssetsHeldForUse", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R24": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Goodwill", "reportCount": 1, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40105 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesGoodwillDetails", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R25": { "firstAnchor": { "ancestors": [ "p", "us-gaap:DebtPolicyTextBlock", "us-gaap:RevenueRecognitionPolicyTextBlock", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:DebtIssuanceCostsLineOfCreditArrangementsNet", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40106 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Debt Issuance Costs and Capitalized Interest (Details)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDebtIssuanceCostsAndCapitalizedInterestDetails", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Debt Issuance Costs and Capitalized Interest (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:DebtPolicyTextBlock", "us-gaap:RevenueRecognitionPolicyTextBlock", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:DebtIssuanceCostsLineOfCreditArrangementsNet", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R26": { "firstAnchor": { "ancestors": [ "p", "ix:continuation", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:RevenueRemainingPerformanceObligation", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40107 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Players Club Program (Details)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPlayersClubProgramDetails", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Players Club Program (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "ix:continuation", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:RevenueRemainingPerformanceObligation", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R27": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OtherCostAndExpenseOperating", "reportCount": 1, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40108 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Operating items, net (Details)", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesOtherOperatingItemsNetDetails", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Operating items, net (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "mcri:OtherOperatingItemsNetPolicyTextBlock", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2021_To_3_31_2021_xPq4QORLiU63wVGVsSh2aw", "decimals": "-5", "lang": null, "name": "us-gaap:LitigationSettlementExpense", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R28": { "firstAnchor": { "ancestors": [ "p", "us-gaap:LesseeOperatingLeasesTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "mcri:LeasePracticalExpedientLessorSingleLeaseComponentTrueFalse", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40201 - Disclosure - ACCOUNTING FOR LEASES - Narrative (Details)", "role": "http://www.monarchcasino.com/role/DisclosureAccountingForLeasesNarrativeDetails", "shortName": "ACCOUNTING FOR LEASES - Narrative (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:LesseeOperatingLeasesTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "mcri:LeasePracticalExpedientLessorSingleLeaseComponentTrueFalse", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R29": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock", "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AllocatedShareBasedCompensationExpense", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40305 - Disclosure - STOCK-BASED COMPENSATION - Reported Stock-based Compensation Expense (Details)", "role": "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails", "shortName": "STOCK-BASED COMPENSATION - Reported Stock-based Compensation Expense (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "td", "tr", "table", "us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock", "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AllocatedShareBasedCompensationExpense", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R3": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "reportCount": 1, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00200 - Statement - CONSOLIDATED BALANCE SHEETS", "role": "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets", "shortName": "CONSOLIDATED BALANCE SHEETS", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-3", "lang": null, "name": "us-gaap:AccountsReceivableNetCurrent", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R30": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:WeightedAverageNumberOfSharesOutstandingBasic", "reportCount": 1, "unitRef": "Unit_Standard_shares_L5EuUZNJWkC42pZcXpSK3Q", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40401 - Disclosure - EARNINGS PER SHARE - Reconciliation (Details)", "role": "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails", "shortName": "EARNINGS PER SHARE - Reconciliation (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "td", "tr", "table", "ix:continuation", "us-gaap:EarningsPerShareTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "lang": null, "name": "us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_shares_L5EuUZNJWkC42pZcXpSK3Q", "xsiNil": "false" } }, "R31": { "firstAnchor": { "ancestors": [ "p", "us-gaap:EarningsPerShareTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_us-gaap_EmployeeStockOptionMember_7BDnmnyQBEmb0zpdK7-how", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_shares_L5EuUZNJWkC42pZcXpSK3Q", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40402 - Disclosure - EARNINGS PER SHARE - Anti-dilutive Options (Details)", "role": "http://www.monarchcasino.com/role/DisclosureEarningsPerShareAntiDilutiveOptionsDetails", "shortName": "EARNINGS PER SHARE - Anti-dilutive Options (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:EarningsPerShareTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_us-gaap_EmployeeStockOptionMember_7BDnmnyQBEmb0zpdK7-how", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_shares_L5EuUZNJWkC42pZcXpSK3Q", "xsiNil": "false" } }, "R32": { "firstAnchor": { "ancestors": [ "p", "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_us-gaap_RelatedPartyTransactionAxis_mcri_ShoppingCenterSurfaceLotLeaseMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_mcri_BiggestLittleInvestmentsLimitedPartnershipMember_ek9L63ZLgkKr09Fq7eCr3A", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:PaymentsForRent", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40501 - Disclosure - RELATED PARTY TRANSACTIONS (Details)", "role": "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails", "shortName": "RELATED PARTY TRANSACTIONS (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_us-gaap_RelatedPartyTransactionAxis_mcri_ShoppingCenterSurfaceLotLeaseMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_mcri_BiggestLittleInvestmentsLimitedPartnershipMember_ek9L63ZLgkKr09Fq7eCr3A", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:PaymentsForRent", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R33": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:LongTermLineOfCredit", "reportCount": 1, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40601 - Disclosure - LONG-TERM DEBT (Details)", "role": "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails", "shortName": "LONG-TERM DEBT (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:DebtDisclosureTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "4", "lang": null, "name": "us-gaap:LineOfCreditFacilityInterestRateAtPeriodEnd", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_pure_mSajbyKHmE-dD7Rg5VRYdg", "xsiNil": "false" } }, "R34": { "firstAnchor": { "ancestors": [ "p", "us-gaap:IncomeTaxDisclosureTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateContinuingOperations", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_pure_mSajbyKHmE-dD7Rg5VRYdg", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40703 - Disclosure - TAXES (Details)", "role": "http://www.monarchcasino.com/role/DisclosureTaxesDetails", "shortName": "TAXES (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:IncomeTaxDisclosureTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateContinuingOperations", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_pure_mSajbyKHmE-dD7Rg5VRYdg", "xsiNil": "false" } }, "R35": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockRepurchasedDuringPeriodValue", "reportCount": 1, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40801 - Disclosure - STOCK REPURCHASE PLAN (Details)", "role": "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails", "shortName": "STOCK REPURCHASE PLAN (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:TreasuryStockTextBlock", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_10_22_2014_us-gaap_ShareRepurchaseProgramAxis_mcri_StockRepurchasePlan22October2014Member_FYRU1tRsF0yo80WRVwQu9w", "decimals": "INF", "lang": null, "name": "us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_shares_L5EuUZNJWkC42pZcXpSK3Q", "xsiNil": "false" } }, "R36": { "firstAnchor": { "ancestors": [ "p", "us-gaap:LossContingencyDisclosures", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:AccruedProfessionalFeesCurrentAndNoncurrent", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "40901 - Disclosure - LEGAL MATTERS (Details)", "role": "http://www.monarchcasino.com/role/DisclosureLegalMattersDetails", "shortName": "LEGAL MATTERS (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "p", "us-gaap:LossContingencyDisclosures", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:AccruedProfessionalFeesCurrentAndNoncurrent", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R4": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:PreferredStockParOrStatedValuePerShare", "reportCount": 1, "unique": true, "unitRef": "Unit_Divide_USD_shares_6wT00Nz2vEKrubhdvQ7XjA", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00205 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical)", "role": "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical", "shortName": "CONSOLIDATED BALANCE SHEETS (Parenthetical)", "subGroupType": "parenthetical", "uniqueAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_3_31_2022_vaTL-XfcCUyE75X6hueVSw", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:PreferredStockParOrStatedValuePerShare", "reportCount": 1, "unique": true, "unitRef": "Unit_Divide_USD_shares_6wT00Nz2vEKrubhdvQ7XjA", "xsiNil": "false" } }, "R5": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_12_31_2020_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember_RlOuYpoMkk69jF0sWScWvw", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockholdersEquity", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00300 - Statement - CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY", "role": "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity", "shortName": "CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "As_Of_12_31_2020_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember_RlOuYpoMkk69jF0sWScWvw", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockholdersEquity", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R6": { "firstAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProfitLoss", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS", "role": "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows", "shortName": "CONSOLIDATED STATEMENTS OF CASH FLOWS", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProfitLoss", "reportCount": 1, "unique": true, "unitRef": "Unit_Standard_USD_cbIHdXMAVECdegP_K32YHQ", "xsiNil": "false" } }, "R7": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10101 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES", "role": "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPolicies", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R8": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LesseeOperatingLeasesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10201 - Disclosure - ACCOUNTING FOR LEASES", "role": "http://www.monarchcasino.com/role/DisclosureAccountingForLeases", "shortName": "ACCOUNTING FOR LEASES", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LesseeOperatingLeasesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R9": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "10301 - Disclosure - STOCK-BASED COMPENSATION", "role": "http://www.monarchcasino.com/role/DisclosureStockBasedCompensation", "shortName": "STOCK-BASED COMPENSATION", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "mcri-20220331x10q.htm", "contextRef": "Duration_1_1_2022_To_3_31_2022_-RdufdTMGEK2MDCLIwgw4Q", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 41, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Document and Entity Information" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "xbrltype": "stringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentQuarterlyReport": { "auth_ref": [ "r389" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an quarterly report.", "label": "Document Quarterly Report" } } }, "localname": "DocumentQuarterlyReport", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r390" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r387" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "yesNoItemType" }, "dei_EntityDomain": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains.", "label": "Entity [Domain]" } } }, "localname": "EntityDomain", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r387" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r387" ], "lang": { "en-us": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r391" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "yesNoItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r387" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r387" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r387" ], "lang": { "en-us": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r387" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LegalEntityAxis": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The set of legal entities associated with a report.", "label": "Legal Entity [Axis]" } } }, "localname": "LegalEntityAxis", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r386" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r388" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2021q4", "presentation": [ "http://www.monarchcasino.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "mcri_AnalysisOfRedemptionActivityPrecedingPeriod": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The preceding period after the analysis of all redemption activity.", "label": "Analysis of Redemption Activity, Preceding Period", "terseLabel": "Analysis of redemption activity, preceding period" } } }, "localname": "AnalysisOfRedemptionActivityPrecedingPeriod", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPlayersClubProgramDetails" ], "xbrltype": "durationItemType" }, "mcri_BiggestLittleInvestmentsLimitedPartnershipMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents Biggest Little Investments, L.P. (BLI), an entity in which the reporting entity's two co-chairmen of the board of directors and executive officers, who are also family members, and another family member are the three largest stockholders of the reporting entity and each also beneficially owns limited partnership interests in BLI.", "label": "Biggest Little Investments, L.P. (BLI)" } } }, "localname": "BiggestLittleInvestmentsLimitedPartnershipMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "mcri_DebtInstrumentCovenantConsolidatedLeverageRatio": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents the ratio of consolidated adjusted earnings before interest, taxes, depreciation and amortization to interest expense, which is necessary to be maintained under the terms of the credit facilities' covenants.", "label": "Debt Instrument Covenant Consolidated Leverage Ratio", "terseLabel": "Total leverage ratio" } } }, "localname": "DebtInstrumentCovenantConsolidatedLeverageRatio", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "pureItemType" }, "mcri_DebtInstrumentCovenantFixedChargeCoverageRatio": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents the ratio of earnings-before-interest-taxes-depreciation and amortization (EBITDA) to fixed charges allowed under the terms of the covenants of the credit facility.", "label": "Debt Instrument, Covenant Fixed Charge Coverage Ratio", "terseLabel": "Fixed charge coverage ratio" } } }, "localname": "DebtInstrumentCovenantFixedChargeCoverageRatio", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "pureItemType" }, "mcri_EffectOfDilutiveStockOptionsPerShareAmount": { "auth_ref": [], "calculation": { "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails": { "order": 2.0, "parentTag": "us-gaap_EarningsPerShareDiluted", "weight": 1.0 } }, "lang": { "en-us": { "role": { "documentation": "The effect of dilutive stock options per share amount.", "label": "Effect of Dilutive Stock Options Per Share Amount", "terseLabel": "Effect of dilutive stock options (in dollars per share)" } } }, "localname": "EffectOfDilutiveStockOptionsPerShareAmount", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails" ], "xbrltype": "perShareItemType" }, "mcri_ExpenseDueToCovid19Pandemic": { "auth_ref": [], "calculation": { "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesOtherOperatingItemsNetDetails": { "order": 2.0, "parentTag": "us-gaap_OtherCostAndExpenseOperating", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Represents expenses due to the COVID-19 pandemic.", "label": "Expense Due to COVID-19 Pandemic", "terseLabel": "Equipment, supplies and employee testing expenses due to the COVID-19 pandemic" } } }, "localname": "ExpenseDueToCovid19Pandemic", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesOtherOperatingItemsNetDetails" ], "xbrltype": "monetaryItemType" }, "mcri_FourthAmendedCreditFacilityMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents information relating to fourth amended credit facility.", "label": "Fourth Amended Credit Facility" } } }, "localname": "FourthAmendedCreditFacilityMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "mcri_GamingAndNonGamingReceivables": { "auth_ref": [], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Represents gaming and non-gaming receivables.", "label": "Gaming And Non-gaming Receivables", "terseLabel": "Gaming and non-gaming receivables" } } }, "localname": "GamingAndNonGamingReceivables", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesConcentrationsOfCreditRiskAndCreditLossesDetails" ], "xbrltype": "monetaryItemType" }, "mcri_GoldenRoadMotorInnInc.Member": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents information related to the subsidiary Golden Road Motor Inn, Inc.", "label": "Golden Road" } } }, "localname": "GoldenRoadMotorInnInc.Member", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "mcri_IncreaseDecreaseInNonCashOperatingLeaseExpense": { "auth_ref": [], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 15.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Represents the increase (decrease) in non cash operating lease expense.", "label": "Increase (Decrease) in Non Cash Operating Lease Expense", "terseLabel": "Non-cash operating lease expense" } } }, "localname": "IncreaseDecreaseInNonCashOperatingLeaseExpense", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "mcri_InterimFinancialStatementsPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for reporting interim financial statements.", "label": "Interim Financial Statements Policy Policy Text Block", "terseLabel": "Interim Financial Statements" } } }, "localname": "InterimFinancialStatementsPolicyPolicyTextBlock", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "mcri_LeasePracticalExpedientLessorSingleLeaseComponentTrueFalse": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicates (true false) whether practical expedient is elected to account for lease component and non lease component as single lease component.", "label": "Lease, Practical Expedient, Lessor Single Lease Component [true false]", "terseLabel": "Lease, Practical Expedient, Lessor Single Lease Component [true false]" } } }, "localname": "LeasePracticalExpedientLessorSingleLeaseComponentTrueFalse", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureAccountingForLeasesNarrativeDetails" ], "xbrltype": "stringItemType" }, "mcri_LineOfCreditFacilityAdditionalBorrowingCapacity": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of increase in borrowing capacity under the credit facility subject to certain conditions.", "label": "Line of Credit Facility, Additional Borrowing Capacity", "terseLabel": "Additional borrowing capacity" } } }, "localname": "LineOfCreditFacilityAdditionalBorrowingCapacity", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "mcri_LineOfCreditFacilityIntegralMultipleAdditionalBorrowingCapacity": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of revolving loan commitment increase subject to conditions.", "label": "Line of Credit Facility, Integral Multiple Additional Borrowing Capacity", "terseLabel": "Integral multiple additional borrowing capacity" } } }, "localname": "LineOfCreditFacilityIntegralMultipleAdditionalBorrowingCapacity", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "mcri_NextTwelveMonthsMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents amount due in the next twelve months.", "label": "Due in the next twelve months" } } }, "localname": "NextTwelveMonthsMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "mcri_NumberOfParkingSpaces": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents the number of parking spaces", "label": "Number of parking spaces", "terseLabel": "Number of parking spaces" } } }, "localname": "NumberOfParkingSpaces", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "integerItemType" }, "mcri_OtherOperatingItemsNetPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents other operating items, net in general consist of miscellaneous operating charges.", "label": "Other Operating Items, Net [Policy Text Block]", "terseLabel": "Other Operating items, net" } } }, "localname": "OtherOperatingItemsNetPolicyTextBlock", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "mcri_PaymentOfPayrollTaxesFromNetExerciseOfOptions": { "auth_ref": [], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The amount of cash outflow arising out of payroll taxes from net exercise of options.", "label": "Payment of Payroll Taxes from Net Exercise of Options", "negatedLabel": "Payroll taxes from net exercise of stock options" } } }, "localname": "PaymentOfPayrollTaxesFromNetExerciseOfOptions", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "mcri_PeriodFromDecember312020ToSeptember302021Member": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents information relating to period from December 31, 2020 to September 30, 2021.", "label": "Period From December 31, 2020 To September 30, 2021" } } }, "localname": "PeriodFromDecember312020ToSeptember302021Member", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "mcri_PeriodFromDecember312021AndThereafterMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents information relating to period from December 31, 2021 and thereafter.", "label": "Period From December 31, 2021 And Thereafter" } } }, "localname": "PeriodFromDecember312021AndThereafterMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "mcri_PriorCreditFacilityMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents the prior credit facility.", "label": "Prior Credit Facility" } } }, "localname": "PriorCreditFacilityMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "mcri_ProceedsFromPaymentsForConstructionPayable": { "auth_ref": [], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Represents the cash inflow or outflow associated with construction during the period.", "label": "Proceeds from Payments for Construction Payable", "terseLabel": "Change in construction accounts payable" } } }, "localname": "ProceedsFromPaymentsForConstructionPayable", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "mcri_PropertyPlantAndEquipmentEstimatedUsefulLivesTableTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Tabular disclosure of estimated useful lives of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.", "label": "Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]", "terseLabel": "Property and equipment, estimated useful lives" } } }, "localname": "PropertyPlantAndEquipmentEstimatedUsefulLivesTableTextBlock", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "mcri_RelatedPartyLeasesForBillboardAdvertisingStorageSpaceAndParkingLotSpaceMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents leases with a related party for billboard advertising, storage space and parking lot space.", "label": "Billboard advertising, storage space and parking lot space" } } }, "localname": "RelatedPartyLeasesForBillboardAdvertisingStorageSpaceAndParkingLotSpaceMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "mcri_RelatedPartyTransactionLeaseAnniversaryTermSubjectToRentColaAdjustment": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Anniversary years in which lease with related party annual rent amount is subject to cost of living adjustment increases.", "label": "Related Party Transaction Lease Anniversary Term Subject to Rent COLA Adjustment", "terseLabel": "Anniversary years subject to cost of living adjustment rent increases" } } }, "localname": "RelatedPartyTransactionLeaseAnniversaryTermSubjectToRentColaAdjustment", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "durationItemType" }, "mcri_RelatedPartyTransactionMinimumAnnualRent": { "auth_ref": [], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Represents the commencing, minimum annual amount for rent under a lease agreement.", "label": "Related Party Transaction Minimum Annual Rent", "terseLabel": "Minimum annual rent" } } }, "localname": "RelatedPartyTransactionMinimumAnnualRent", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "mcri_RelatedPartyTransactionOptionToRenewLeaseNumberOfLeaseTerms": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents the number of terms for which the lease can be renewed.", "label": "Related Party Transaction, Option to Renew Lease, Number of Lease Terms", "terseLabel": "Number of terms for which the lease can be renewed" } } }, "localname": "RelatedPartyTransactionOptionToRenewLeaseNumberOfLeaseTerms", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "integerItemType" }, "mcri_RelatedPartyTransactionSubsequentObligationDueWithoutLeaseRenewal": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount due to related party in the event that the lease is not renewed.", "label": "Related Party Transaction Subsequent Obligation Due Without Lease Renewal", "terseLabel": "Amount due to related party if lease is not renewed" } } }, "localname": "RelatedPartyTransactionSubsequentObligationDueWithoutLeaseRenewal", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "mcri_RightOfUseAssetsMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents right of use assets.", "label": "Right of use assets" } } }, "localname": "RightOfUseAssetsMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "mcri_ShoppingCenterDrivewayLeaseMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents information related to the Driveway Lease with BLI.", "label": "Driveway Lease" } } }, "localname": "ShoppingCenterDrivewayLeaseMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "mcri_ShoppingCenterSurfaceLotLeaseMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents information related to the Parking Lot Lease with BLI.", "label": "Parking Lot Lease" } } }, "localname": "ShoppingCenterSurfaceLotLeaseMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "mcri_StockBasedCompensationRestrictedStock": { "auth_ref": [], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Represents stock based compensation - restricted stock.", "label": "Stock Based Compensation - Restricted Stock" } } }, "localname": "StockBasedCompensationRestrictedStock", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "mcri_StockRepurchasePlan22October2014Member": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents the share repurchase program as authorized by the entity's board of directors on October 22, 2014.", "label": "Repurchase Plan" } } }, "localname": "StockRepurchasePlan22October2014Member", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails" ], "xbrltype": "domainItemType" }, "mcri_TermLoanFacilityMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Represents information relating to term loan facility.", "label": "Term Loan Facility" } } }, "localname": "TermLoanFacilityMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "mcri_TermLoanMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "A monetary loan that is repaid in regular payments over a set period of time. The principal amount of the loan may not be reborrowed after repayment or prepayment.", "label": "Term Loan Facility." } } }, "localname": "TermLoanMember", "nsuri": "http://www.monarchcasino.com/20220331", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "srt_AffiliatedEntityMember": { "auth_ref": [ "r237", "r313", "r314", "r316", "r383" ], "lang": { "en-us": { "role": { "label": "Affiliates" } } }, "localname": "AffiliatedEntityMember", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "srt_MaximumMember": { "auth_ref": [ "r189", "r220", "r238", "r240", "r323", "r324", "r325", "r326", "r327", "r328", "r329", "r372", "r374", "r384", "r385" ], "lang": { "en-us": { "role": { "label": "Maximum" } } }, "localname": "MaximumMember", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "srt_MinimumMember": { "auth_ref": [ "r189", "r220", "r238", "r240", "r323", "r324", "r325", "r326", "r327", "r328", "r329", "r372", "r374", "r384", "r385" ], "lang": { "en-us": { "role": { "label": "At least" } } }, "localname": "MinimumMember", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "srt_ProductOrServiceAxis": { "auth_ref": [ "r139", "r234", "r235", "r331", "r371", "r373" ], "lang": { "en-us": { "role": { "label": "Products and Services [Axis]" } } }, "localname": "ProductOrServiceAxis", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "stringItemType" }, "srt_ProductsAndServicesDomain": { "auth_ref": [ "r139", "r234", "r235", "r331", "r371", "r373" ], "lang": { "en-us": { "role": { "label": "Products and Services [Domain]" } } }, "localname": "ProductsAndServicesDomain", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "domainItemType" }, "srt_RangeAxis": { "auth_ref": [ "r189", "r220", "r236", "r238", "r240", "r323", "r324", "r325", "r326", "r327", "r328", "r329", "r372", "r374", "r384", "r385" ], "lang": { "en-us": { "role": { "label": "Range [Axis]" } } }, "localname": "RangeAxis", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "stringItemType" }, "srt_RangeMember": { "auth_ref": [ "r189", "r220", "r236", "r238", "r240", "r323", "r324", "r325", "r326", "r327", "r328", "r329", "r372", "r374", "r384", "r385" ], "lang": { "en-us": { "role": { "label": "Range [Domain]" } } }, "localname": "RangeMember", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "srt_ScenarioUnspecifiedDomain": { "auth_ref": [ "r92", "r97", "r239" ], "lang": { "en-us": { "role": { "label": "Scenario, Unspecified [Domain]" } } }, "localname": "ScenarioUnspecifiedDomain", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "srt_StatementScenarioAxis": { "auth_ref": [ "r92", "r97", "r167", "r239", "r322" ], "lang": { "en-us": { "role": { "label": "Scenario [Axis]" } } }, "localname": "StatementScenarioAxis", "nsuri": "http://fasb.org/srt/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AccountsPayableCurrent": { "auth_ref": [ "r26", "r321" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).", "label": "Accounts Payable, Current", "terseLabel": "Accounts payable" } } }, "localname": "AccountsPayableCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsReceivableNetCurrent": { "auth_ref": [ "r3", "r17", "r142", "r143" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.", "label": "Accounts receivable, net", "terseLabel": "Receivables, net" } } }, "localname": "AccountsReceivableNetCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccruedLiabilitiesCurrent": { "auth_ref": [ "r29" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).", "label": "Accrued expenses.", "terseLabel": "Accrued expenses" } } }, "localname": "AccruedLiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent": { "auth_ref": [ "r352", "r365" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received.", "label": "Accrued Professional Fees", "terseLabel": "professional service fees relating to our construction litigation" } } }, "localname": "AccruedProfessionalFeesCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLegalMattersDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment": { "auth_ref": [ "r25", "r161" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails": { "order": 2.0, "parentTag": "us-gaap_PropertyPlantAndEquipmentNet", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.", "label": "Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment", "negatedLabel": "Less accumulated depreciation and amortization" } } }, "localname": "AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdditionalPaidInCapitalCommonStock": { "auth_ref": [ "r18" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.", "label": "Additional Paid in Capital, Common Stock", "terseLabel": "Additional paid-in capital" } } }, "localname": "AdditionalPaidInCapitalCommonStock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdditionalPaidInCapitalMember": { "auth_ref": [ "r84", "r85", "r86", "r248", "r249", "r250", "r284" ], "lang": { "en-us": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders.", "label": "Additional Paid-in Capital" } } }, "localname": "AdditionalPaidInCapitalMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Adjustments to reconcile net income to net cash provided by operating activities:" } } }, "localname": "AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue": { "auth_ref": [ "r241", "r242", "r253", "r254" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.", "label": "Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition", "terseLabel": "Stock-based compensation expense" } } }, "localname": "AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_AllocatedShareBasedCompensationExpense": { "auth_ref": [ "r242", "r246", "r252" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails": { "order": 1.0, "parentTag": "us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of expense for award under share-based payment arrangement. Excludes amount capitalized.", "label": "Allocated Share-based Compensation Expense", "terseLabel": "Total stock-based compensation, before taxes" } } }, "localname": "AllocatedShareBasedCompensationExpense", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax": { "auth_ref": [], "calculation": { "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount, after tax, of expense for award under share-based payment arrangement.", "label": "Allocated Share-based Compensation Expense, Net of Tax", "totalLabel": "Total stock-based compensation, net of tax" } } }, "localname": "AllocatedShareBasedCompensationExpenseNetOfTax", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AmortizationOfFinancingCosts": { "auth_ref": [ "r48", "r68", "r209", "r297" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of amortization expense attributable to debt issuance costs.", "label": "Amortization of Financing Costs", "terseLabel": "Amortization of deferred loan costs" } } }, "localname": "AmortizationOfFinancingCosts", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDebtIssuanceCostsAndCapitalizedInterestDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount": { "auth_ref": [ "r108" ], "lang": { "en-us": { "role": { "documentation": "Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.", "label": "Options to purchase shares of common stock", "terseLabel": "Excluded from the computation of diluted earnings per share (in shares)" } } }, "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareAntiDilutiveOptionsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis": { "auth_ref": [ "r108" ], "lang": { "en-us": { "role": { "documentation": "Information by type of antidilutive security.", "label": "Antidilutive Securities [Axis]" } } }, "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareAntiDilutiveOptionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]", "terseLabel": "Options not included in the computation of diluted earnings per share:" } } }, "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareAntiDilutiveOptionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AntidilutiveSecuritiesNameDomain": { "auth_ref": [ "r108" ], "lang": { "en-us": { "role": { "documentation": "Incremental common shares attributable to securities that were not included in diluted earnings per share (EPS) because to do so would increase EPS amounts or decrease loss per share amounts for the period presented.", "label": "Antidilutive Securities, Name [Domain]" } } }, "localname": "AntidilutiveSecuritiesNameDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareAntiDilutiveOptionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_AreaOfLand": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area of land held.", "label": "Area of Land", "terseLabel": "Area of land" } } }, "localname": "AreaOfLand", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "areaItemType" }, "us-gaap_AreaOfRealEstateProperty": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area of a real estate property.", "label": "Area of Real Estate Property", "terseLabel": "Area of property" } } }, "localname": "AreaOfRealEstateProperty", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "areaItemType" }, "us-gaap_Assets": { "auth_ref": [ "r79", "r122", "r131", "r137", "r145", "r175", "r176", "r177", "r178", "r179", "r180", "r181", "r182", "r183", "r184", "r185", "r275", "r280", "r287", "r319", "r321", "r347", "r361" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets", "totalLabel": "Total assets" } } }, "localname": "Assets", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Assets [Abstract]", "terseLabel": "ASSETS" } } }, "localname": "AssetsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_AssetsCurrent": { "auth_ref": [ "r5", "r7", "r38", "r79", "r145", "r175", "r176", "r177", "r178", "r179", "r180", "r181", "r182", "r183", "r184", "r185", "r275", "r280", "r287", "r319", "r321" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets, Current", "totalLabel": "Total current assets" } } }, "localname": "AssetsCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsCurrentAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Assets, Current [Abstract]", "terseLabel": "Current assets" } } }, "localname": "AssetsCurrentAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_BaseRateMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Minimum rate investor will accept.", "label": "Base Rate" } } }, "localname": "BaseRateMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock": { "auth_ref": [ "r83" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.", "label": "Basis of Presentation and Significant Accounting Policies [Text Block]", "terseLabel": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES" } } }, "localname": "BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_BuildingImprovementsMember": { "auth_ref": [ "r160" ], "lang": { "en-us": { "role": { "documentation": "Addition, improvement, or renovation to a facility held for productive use including, but not limited to, office, production, storage and distribution facilities.", "label": "Building improvements" } } }, "localname": "BuildingImprovementsMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BuildingMember": { "auth_ref": [ "r160" ], "lang": { "en-us": { "role": { "documentation": "Facility held for productive use including, but not limited to, office, production, storage and distribution facilities.", "label": "Buildings" } } }, "localname": "BuildingMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BusinessCombinationGoodwillAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Business Combination, Goodwill [Abstract]", "terseLabel": "Goodwill from business combinations" } } }, "localname": "BusinessCombinationGoodwillAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesGoodwillDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": { "auth_ref": [ "r63", "r70", "r72" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash and Cash Equivalents, at Carrying Value", "periodEndLabel": "Cash and cash equivalents at end of period", "periodStartLabel": "Cash and cash equivalents at beginning of period", "terseLabel": "Cash and cash equivalents" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect": { "auth_ref": [ "r63", "r288" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect", "totalLabel": "Change in cash and cash equivalents" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_CasinoMember": { "auth_ref": [ "r235", "r331" ], "lang": { "en-us": { "role": { "documentation": "Facility used for gaming operation.", "label": "Casino" } } }, "localname": "CasinoMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "domainItemType" }, "us-gaap_ClassOfTreasuryStockTable": { "auth_ref": [ "r227", "r228", "r229", "r230" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of information about treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.", "label": "Class of Treasury Stock [Table]" } } }, "localname": "ClassOfTreasuryStockTable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CommonStockMember": { "auth_ref": [ "r84", "r85", "r284" ], "lang": { "en-us": { "role": { "documentation": "Stock that is subordinate to all other stock of the issuer.", "label": "Common Stock" } } }, "localname": "CommonStockMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_CommonStockParOrStatedValuePerShare": { "auth_ref": [ "r16" ], "lang": { "en-us": { "role": { "documentation": "Face amount or stated value per share of common stock.", "label": "Common Stock, Par or Stated Value Per Share", "terseLabel": "Common stock, par value (in dollars per share)" } } }, "localname": "CommonStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockSharesAuthorized": { "auth_ref": [ "r16" ], "lang": { "en-us": { "role": { "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws.", "label": "Common Stock, Shares Authorized", "terseLabel": "Common stock, shares authorized" } } }, "localname": "CommonStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesIssued": { "auth_ref": [ "r16" ], "lang": { "en-us": { "role": { "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.", "label": "Common Stock, Shares, Issued", "terseLabel": "Common stock, shares issued" } } }, "localname": "CommonStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesOutstanding": { "auth_ref": [ "r16", "r221" ], "lang": { "en-us": { "role": { "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.", "label": "Balance (in shares)", "periodEndLabel": "Balance (in shares)", "periodStartLabel": "Balance (in shares)", "terseLabel": "Common stock, shares outstanding" } } }, "localname": "CommonStockSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockValue": { "auth_ref": [ "r16", "r321" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Common Stock, Value, Issued", "verboseLabel": "Common stock, $.01 par value, 30,000,000 shares authorized; 19,096,300 shares issued; 18,875,124 outstanding at March 31, 2022; 18,764,540 outstanding at December 31, 2021" } } }, "localname": "CommonStockValue", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_ConsolidationPolicyTextBlock": { "auth_ref": [ "r73", "r277" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.", "label": "Consolidation, Policy [Policy Text Block]", "terseLabel": "Basis of Presentation" } } }, "localname": "ConsolidationPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ConstructionInProgressMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service.", "label": "Construction in progress" } } }, "localname": "ConstructionInProgressMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ConstructionPayableCurrent": { "auth_ref": [ "r26" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable for the acquisition of merchandise, materials, supplies and services pertaining to construction projects such as a housing development or factory expansion not classified as trade payables. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).", "label": "Construction Payable, Current", "terseLabel": "Construction accounts payable" } } }, "localname": "ConstructionPayableCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_CostOfGoodsAndServicesSold": { "auth_ref": [ "r51", "r331" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 1.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.", "label": "Cost of Goods and Services Sold", "terseLabel": "Operating expenses" } } }, "localname": "CostOfGoodsAndServicesSold", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_CostsAndExpenses": { "auth_ref": [ "r49" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 1.0, "parentTag": "us-gaap_GrossProfit", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Total costs of sales and operating expenses for the period.", "label": "Costs and Expenses", "totalLabel": "Total operating expenses" } } }, "localname": "CostsAndExpenses", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_CostsAndExpensesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Costs and Expenses [Abstract]", "terseLabel": "Operating expenses" } } }, "localname": "CostsAndExpensesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "stringItemType" }, "us-gaap_CreditFacilityAxis": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.", "label": "Credit Facility [Axis]" } } }, "localname": "CreditFacilityAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CreditFacilityDomain": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.", "label": "Credit Facility [Domain]" } } }, "localname": "CreditFacilityDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DebtDisclosureAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "LONG-TERM DEBT" } } }, "localname": "DebtDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_DebtDisclosureTextBlock": { "auth_ref": [ "r77", "r192", "r193", "r194", "r195", "r196", "r197", "r198", "r203", "r210", "r211", "r213", "r218" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.", "label": "Debt Disclosure [Text Block]", "terseLabel": "LONG-TERM DEBT" } } }, "localname": "DebtDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebt" ], "xbrltype": "textBlockItemType" }, "us-gaap_DebtInstrumentAnnualPrincipalPayment": { "auth_ref": [ "r14" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of the total principal payments made during the annual reporting period.", "label": "Debt Instrument, Annual Principal Payment", "terseLabel": "Mandatory principal payment due in next twelve months" } } }, "localname": "DebtInstrumentAnnualPrincipalPayment", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentAxis": { "auth_ref": [ "r12", "r13", "r14", "r78", "r82", "r186", "r187", "r188", "r189", "r190", "r191", "r193", "r199", "r200", "r201", "r202", "r204", "r205", "r206", "r207", "r208", "r209", "r214", "r215", "r216", "r217", "r298", "r348", "r349", "r360" ], "lang": { "en-us": { "role": { "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities.", "label": "Debt Instrument [Axis]" } } }, "localname": "DebtInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentBasisSpreadOnVariableRate1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Percentage points added to the reference rate to compute the variable rate on the debt instrument.", "label": "Debt Instrument, Basis Spread on Variable Rate", "terseLabel": "Percentage points added to the reference rate" } } }, "localname": "DebtInstrumentBasisSpreadOnVariableRate1", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "percentItemType" }, "us-gaap_DebtInstrumentFaceAmount": { "auth_ref": [ "r186", "r214", "r215", "r296", "r298", "r299" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Face (par) amount of debt instrument at time of issuance.", "label": "Debt Instrument, Face Amount", "terseLabel": "Face amount of debt" } } }, "localname": "DebtInstrumentFaceAmount", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Debt Instrument [Line Items]", "terseLabel": "Long-term debt" } } }, "localname": "DebtInstrumentLineItems", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentNameDomain": { "auth_ref": [ "r32", "r78", "r82", "r186", "r187", "r188", "r189", "r190", "r191", "r193", "r199", "r200", "r201", "r202", "r204", "r205", "r206", "r207", "r208", "r209", "r214", "r215", "r216", "r217", "r298" ], "lang": { "en-us": { "role": { "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities.", "label": "Debt Instrument, Name [Domain]" } } }, "localname": "DebtInstrumentNameDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DebtInstrumentPeriodicPayment": { "auth_ref": [ "r32", "r358" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of the required periodic payments including both interest and principal payments.", "label": "Debt Instrument, Periodic Payment", "terseLabel": "Mandatory payment" } } }, "localname": "DebtInstrumentPeriodicPayment", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentPeriodicPaymentPrincipal": { "auth_ref": [ "r32" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of the required periodic payments applied to principal.", "label": "Debt Instrument, Periodic Payment, Principal", "verboseLabel": "Optional prepayment" } } }, "localname": "DebtInstrumentPeriodicPaymentPrincipal", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentTable": { "auth_ref": [ "r32", "r78", "r82", "r186", "r187", "r188", "r189", "r190", "r191", "r193", "r199", "r200", "r201", "r202", "r204", "r205", "r206", "r207", "r208", "r209", "r212", "r214", "r215", "r216", "r217", "r222", "r223", "r224", "r225", "r295", "r296", "r298", "r299", "r359" ], "lang": { "en-us": { "role": { "documentation": "A table or schedule providing information pertaining to long-term debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.", "label": "Schedule of Long-term Debt Instruments [Table]" } } }, "localname": "DebtInstrumentTable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtIssuanceCostsLineOfCreditArrangementsGross": { "auth_ref": [ "r300" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount, before accumulated amortization, of debt issuance costs related to line of credit arrangements. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.", "label": "Debt Issuance Costs, Line of Credit Arrangements, Gross", "terseLabel": "Unamortized debt issuance costs" } } }, "localname": "DebtIssuanceCostsLineOfCreditArrangementsGross", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtIssuanceCostsLineOfCreditArrangementsNet": { "auth_ref": [ "r300" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount, after accumulated amortization, of debt issuance costs related to line of credit arrangements. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.", "label": "Debt Issuance Costs, Line of Credit Arrangements, Net", "terseLabel": "Debt issuance costs, net of amortization" } } }, "localname": "DebtIssuanceCostsLineOfCreditArrangementsNet", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDebtIssuanceCostsAndCapitalizedInterestDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtPolicyTextBlock": { "auth_ref": [ "r174" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy related to debt. Includes, but is not limited to, debt issuance costs, the effects of refinancings, method of amortizing debt issuance costs and original issue discount, and classifications of debt.", "label": "Debt, Policy [Policy Text Block]", "terseLabel": "Debt Issuance Costs" } } }, "localname": "DebtPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible": { "auth_ref": [ "r261" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of decrease reasonably possible in the next twelve months for the unrecognized tax benefit.", "label": "Decrease in Unrecognized Tax Benefits is Reasonably Possible", "terseLabel": "Change in uncertain tax positions, decrease" } } }, "localname": "DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredFinanceCostsNetAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Debt Issuance Costs" } } }, "localname": "DeferredFinanceCostsNetAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDebtIssuanceCostsAndCapitalizedInterestDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredIncomeTaxLiabilitiesNet": { "auth_ref": [ "r256", "r257" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting.", "label": "Deferred Income Tax Liabilities, Net", "terseLabel": "Deferred income taxes" } } }, "localname": "DeferredIncomeTaxLiabilitiesNet", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxesAndTaxCredits": { "auth_ref": [ "r69" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of deferred income tax expense (benefit) and income tax credits.", "label": "Deferred Income Taxes and Tax Credits", "terseLabel": "Deferred income taxes" } } }, "localname": "DeferredIncomeTaxesAndTaxCredits", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_DepreciationDepletionAndAmortization": { "auth_ref": [ "r68", "r120" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 3.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.", "label": "Depreciation, Depletion and Amortization", "terseLabel": "Depreciation and amortization" } } }, "localname": "DepreciationDepletionAndAmortization", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": { "auth_ref": [ "r255" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for share-based payment arrangement.", "label": "Disclosure of Compensation Related Costs, Share-based Payments [Text Block]", "terseLabel": "STOCK-BASED COMPENSATION" } } }, "localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensation" ], "xbrltype": "textBlockItemType" }, "us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "STOCK-BASED COMPENSATION." } } }, "localname": "DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "EARNINGS PER SHARE", "verboseLabel": "Earnings per share of common stock" } } }, "localname": "EarningsPerShareAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareBasic": { "auth_ref": [ "r46", "r89", "r90", "r91", "r92", "r93", "r98", "r100", "r105", "r106", "r107", "r112", "r113", "r285", "r286", "r355", "r368" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails": { "order": 1.0, "parentTag": "us-gaap_EarningsPerShareDiluted", "weight": 1.0 } }, "lang": { "en-us": { "role": { "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.", "label": "Basic (in dollars per share)", "terseLabel": "Basic" } } }, "localname": "EarningsPerShareBasic", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareBasicAndDilutedAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Earnings Per Share, Basic and Diluted [Abstract]", "terseLabel": "Shares" } } }, "localname": "EarningsPerShareBasicAndDilutedAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]", "terseLabel": "Per Share Amount" } } }, "localname": "EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareDiluted": { "auth_ref": [ "r46", "r89", "r90", "r91", "r92", "r93", "r100", "r105", "r106", "r107", "r112", "r113", "r285", "r286", "r355", "r368" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-us": { "role": { "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.", "label": "Diluted (in dollars per share)", "terseLabel": "Diluted", "totalLabel": "Diluted (in dollars per share)" } } }, "localname": "EarningsPerShareDiluted", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareTextBlock": { "auth_ref": [ "r108", "r110", "r111", "r114" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for earnings per share.", "label": "Earnings Per Share [Text Block]", "terseLabel": "EARNINGS PER SHARE" } } }, "localname": "EarningsPerShareTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShare" ], "xbrltype": "textBlockItemType" }, "us-gaap_EffectiveIncomeTaxRateContinuingOperations": { "auth_ref": [ "r259" ], "lang": { "en-us": { "role": { "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Effective Income Tax Rate, Continuing Operations", "terseLabel": "Effective tax rate (as a percent)" } } }, "localname": "EffectiveIncomeTaxRateContinuingOperations", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureTaxesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]", "terseLabel": "Stock-based compensation expense" } } }, "localname": "EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsLineItems", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense": { "auth_ref": [ "r246" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails": { "order": 2.0, "parentTag": "us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of tax benefit for recognition of expense of award under share-based payment arrangement.", "label": "Employee Service Share-based Compensation, Tax Benefit from Compensation Expense", "negatedLabel": "Tax benefit for employee stock-based compensation" } } }, "localname": "EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails", "http://www.monarchcasino.com/role/DisclosureTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EmployeeStockOptionMember": { "auth_ref": [ "r244" ], "lang": { "en-us": { "role": { "documentation": "Share-based payment arrangement granting right, subject to vesting and other restrictions, to purchase or sell certain number of shares at predetermined price for specified period of time.", "label": "Stock options" } } }, "localname": "EmployeeStockOptionMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareAntiDilutiveOptionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquipmentMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Tangible personal property used to produce goods and services.", "label": "Equipment" } } }, "localname": "EquipmentMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquityClassOfTreasuryStockLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Equity, Class of Treasury Stock [Line Items]", "terseLabel": "Stock repurchase plan" } } }, "localname": "EquityClassOfTreasuryStockLineItems", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EquityComponentDomain": { "auth_ref": [ "r0", "r41", "r42", "r43", "r84", "r85", "r86", "r88", "r94", "r96", "r116", "r146", "r221", "r226", "r248", "r249", "r250", "r264", "r265", "r284", "r289", "r290", "r291", "r292", "r293", "r294", "r375", "r376", "r377", "r392" ], "lang": { "en-us": { "role": { "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.", "label": "Equity Component [Domain]" } } }, "localname": "EquityComponentDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_FiniteLivedIntangibleAssetsNet": { "auth_ref": [ "r157", "r332" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Net", "verboseLabel": "Intangible assets, net" } } }, "localname": "FiniteLivedIntangibleAssetsNet", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_FoodAndBeverageMember": { "auth_ref": [ "r235", "r331" ], "lang": { "en-us": { "role": { "documentation": "Consumable liquid and non-liquid substance to provide nourishment.", "label": "Food and beverage" } } }, "localname": "FoodAndBeverageMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "domainItemType" }, "us-gaap_FurnitureAndFixturesMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases.", "label": "Furniture and equipment" } } }, "localname": "FurnitureAndFixturesMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_GainLossOnDispositionOfAssets": { "auth_ref": [ "r68", "r159", "r164" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property.", "label": "Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property", "negatedLabel": "Loss on disposition of assets" } } }, "localname": "GainLossOnDispositionOfAssets", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_Goodwill": { "auth_ref": [ "r153", "r154", "r321", "r346" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.", "label": "Goodwill", "terseLabel": "Goodwill" } } }, "localname": "Goodwill", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesGoodwillDetails", "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock": { "auth_ref": [ "r155", "r156" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.", "label": "Goodwill and Intangible Assets, Policy [Policy Text Block]", "terseLabel": "Goodwill" } } }, "localname": "GoodwillAndIntangibleAssetsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_GrossProfit": { "auth_ref": [ "r50", "r79", "r122", "r130", "r133", "r136", "r138", "r145", "r175", "r176", "r177", "r179", "r180", "r181", "r182", "r183", "r184", "r185", "r287" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 1.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.", "label": "Operating Income (Loss)", "totalLabel": "Income from operations" } } }, "localname": "GrossProfit", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_HotelOtherMember": { "auth_ref": [ "r235" ], "lang": { "en-us": { "role": { "documentation": "Commercial establishment providing lodging, meal, meeting space and other related service, classified as other.", "label": "Other" } } }, "localname": "HotelOtherMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "domainItemType" }, "us-gaap_ImpairmentOfLongLivedAssetsHeldForUse": { "auth_ref": [ "r68", "r158", "r163" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).", "label": "Impairment charge" } } }, "localname": "ImpairmentOfLongLivedAssetsHeldForUse", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest": { "auth_ref": [ "r44", "r122", "r130", "r133", "r136", "r138", "r345", "r353", "r356", "r369" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.", "label": "Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest", "totalLabel": "Income before income taxes" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeStatementAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "CONSOLIDATED STATEMENTS OF INCOME" } } }, "localname": "IncomeStatementAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeStatementLocationAxis": { "auth_ref": [ "r165", "r166" ], "lang": { "en-us": { "role": { "documentation": "Information by location in the income statement.", "label": "Income Statement Location [Axis]" } } }, "localname": "IncomeStatementLocationAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeStatementLocationDomain": { "auth_ref": [ "r166" ], "lang": { "en-us": { "role": { "documentation": "Location in the income statement.", "label": "Income Statement Location [Domain]" } } }, "localname": "IncomeStatementLocationDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IncomeTaxDisclosureAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "TAXES" } } }, "localname": "IncomeTaxDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureTextBlock": { "auth_ref": [ "r80", "r260", "r262", "r263", "r266", "r268", "r270", "r271", "r272" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.", "label": "Income Tax Disclosure [Text Block]", "terseLabel": "TAXES" } } }, "localname": "IncomeTaxDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureTaxes" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxExpenseBenefit": { "auth_ref": [ "r81", "r95", "r96", "r121", "r258", "r267", "r269", "r370" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Income Tax Expense (Benefit)", "negatedLabel": "(Provision) benefit for income taxes" } } }, "localname": "IncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeTaxesReceivable": { "auth_ref": [ "r34", "r351", "r366" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.", "label": "Income Taxes Receivable, Current", "terseLabel": "Income taxes receivable" } } }, "localname": "IncomeTaxesReceivable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureTaxesDetails", "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsPayable": { "auth_ref": [ "r67" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 13.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.", "label": "Increase (Decrease) in Accounts Payable", "terseLabel": "Accounts payable" } } }, "localname": "IncreaseDecreaseInAccountsPayable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsReceivable": { "auth_ref": [ "r67" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.", "label": "Increase (Decrease) in Receivables", "negatedLabel": "Receivables" } } }, "localname": "IncreaseDecreaseInAccountsReceivable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccruedLiabilities": { "auth_ref": [ "r67" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 14.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.", "label": "Increase (Decrease) in Accrued Liabilities", "terseLabel": "Accrued expenses" } } }, "localname": "IncreaseDecreaseInAccruedLiabilities", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInIncomeTaxesReceivable": { "auth_ref": [ "r67" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 10.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid.", "label": "Increase (Decrease) in Income Taxes Receivable", "negatedLabel": "Income taxes receivable" } } }, "localname": "IncreaseDecreaseInIncomeTaxesReceivable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInInventories": { "auth_ref": [ "r67" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 11.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.", "label": "Increase (Decrease) in Inventories", "negatedLabel": "Inventories" } } }, "localname": "IncreaseDecreaseInInventories", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Increase (Decrease) in Operating Capital [Abstract]", "terseLabel": "Changes in operating assets and liabilities:" } } }, "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_IncreaseDecreaseInPrepaidExpense": { "auth_ref": [ "r67" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 12.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.", "label": "Increase (Decrease) in Prepaid Expense", "negatedLabel": "Prepaid expenses" } } }, "localname": "IncreaseDecreaseInPrepaidExpense", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInStockholdersEquityRollForward": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Increase (Decrease) in Stockholders' Equity [Roll Forward]", "terseLabel": "Increase (Decrease) in Stockholders' Equity" } } }, "localname": "IncreaseDecreaseInStockholdersEquityRollForward", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_IncreaseInUnrecognizedTaxBenefitsIsReasonablyPossible": { "auth_ref": [ "r261" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of increase reasonably possible in the next twelve months for the unrecognized tax benefit.", "label": "Increase in Unrecognized Tax Benefits is Reasonably Possible", "terseLabel": "Change in uncertain tax positions, increase" } } }, "localname": "IncreaseInUnrecognizedTaxBenefitsIsReasonablyPossible", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements": { "auth_ref": [ "r101", "r102", "r103", "r107" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails": { "order": 2.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-us": { "role": { "documentation": "Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.", "label": "Effect of dilutive stock options (in shares)" } } }, "localname": "IncrementalCommonSharesAttributableToShareBasedPaymentArrangements", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_InterestPaidNet": { "auth_ref": [ "r61", "r64", "r71" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.", "label": "Interest Paid, Net", "terseLabel": "Cash paid for interest, net of amounts capitalized" } } }, "localname": "InterestPaidNet", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryNet": { "auth_ref": [ "r2", "r36", "r321" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.", "label": "Inventory, Net", "terseLabel": "Inventories" } } }, "localname": "InventoryNet", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryPolicyTextBlock": { "auth_ref": [ "r9", "r37", "r74", "r115", "r148", "r149", "r150", "r330" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.", "label": "Inventory, Policy [Policy Text Block]", "terseLabel": "Inventories" } } }, "localname": "InventoryPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_LandImprovementsMember": { "auth_ref": [ "r8" ], "lang": { "en-us": { "role": { "documentation": "Additions or improvements to real estate held.", "label": "Land improvements" } } }, "localname": "LandImprovementsMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LandMember": { "auth_ref": [ "r235" ], "lang": { "en-us": { "role": { "documentation": "Part of earth's surface not covered by water.", "label": "Land" } } }, "localname": "LandMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LeaseholdsAndLeaseholdImprovementsMember": { "auth_ref": [ "r160" ], "lang": { "en-us": { "role": { "documentation": "Assets held by a lessee under a capital lease and any addition or improvement to assets held under a lease arrangement (including addition or improvement to assets held by lessee under an operating lease arrangement).", "label": "Leasehold improvements" } } }, "localname": "LeaseholdsAndLeaseholdImprovementsMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LeasesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "ACCOUNTING FOR LEASES" } } }, "localname": "LeasesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_LesseeOperatingLeaseExistenceOfOptionToExtend": { "auth_ref": [ "r305" ], "lang": { "en-us": { "role": { "documentation": "Indicates (true false) whether lessee has option to extend operating lease.", "label": "Lessee, Operating Lease, Existence of Option to Extend [true false]" } } }, "localname": "LesseeOperatingLeaseExistenceOfOptionToExtend", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "booleanItemType" }, "us-gaap_LesseeOperatingLeaseRenewalTerm": { "auth_ref": [ "r305" ], "lang": { "en-us": { "role": { "documentation": "Term of lessee's operating lease renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.", "label": "Lessee, Operating Lease, Renewal Term", "terseLabel": "Lease renewal option additional term" } } }, "localname": "LesseeOperatingLeaseRenewalTerm", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_LesseeOperatingLeaseTermOfContract": { "auth_ref": [ "r305" ], "lang": { "en-us": { "role": { "documentation": "Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.", "label": "Lessee, Operating Lease, Term of Contract", "terseLabel": "Lease term" } } }, "localname": "LesseeOperatingLeaseTermOfContract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_LesseeOperatingLeasesTextBlock": { "auth_ref": [ "r310" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.", "label": "Lessee, Operating Leases [Text Block]", "terseLabel": "ACCOUNTING FOR LEASES" } } }, "localname": "LesseeOperatingLeasesTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureAccountingForLeases" ], "xbrltype": "textBlockItemType" }, "us-gaap_Liabilities": { "auth_ref": [ "r28", "r79", "r132", "r145", "r175", "r176", "r177", "r179", "r180", "r181", "r182", "r183", "r184", "r185", "r276", "r280", "r281", "r287", "r319", "r320" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.", "label": "Liabilities", "totalLabel": "Total liabilities" } } }, "localname": "Liabilities", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquity": { "auth_ref": [ "r22", "r79", "r145", "r287", "r321", "r350", "r363" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.", "label": "Liabilities and Equity", "totalLabel": "Total liabilities and stockholders' equity" } } }, "localname": "LiabilitiesAndStockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Liabilities and Equity [Abstract]", "terseLabel": "LIABILITIES AND STOCKHOLDERS' EQUITY" } } }, "localname": "LiabilitiesAndStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesCurrent": { "auth_ref": [ "r30", "r79", "r145", "r175", "r176", "r177", "r179", "r180", "r181", "r182", "r183", "r184", "r185", "r276", "r280", "r281", "r287", "r319", "r320", "r321" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.", "label": "Liabilities, Current", "totalLabel": "Total current liabilities" } } }, "localname": "LiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesCurrentAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Liabilities, Current [Abstract]", "terseLabel": "Current liabilities" } } }, "localname": "LiabilitiesCurrentAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilityForUncertainTaxPositionsCurrent": { "auth_ref": [ "r29" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount recognized for uncertainty in income taxes classified as current.", "label": "Liability for Uncertain Tax Positions, Current", "terseLabel": "Liability for uncertain tax positions recorded" } } }, "localname": "LiabilityForUncertainTaxPositionsCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCredit": { "auth_ref": [ "r14", "r349", "r360" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.", "label": "Line of Credit Facility, Amount Outstanding", "terseLabel": "Amount outstanding" } } }, "localname": "LineOfCredit", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd": { "auth_ref": [ "r27" ], "lang": { "en-us": { "role": { "documentation": "The effective interest rate at the end of the reporting period.", "label": "Line of Credit Facility, Interest Rate at Period End", "terseLabel": "Interest rate on the term loan facility" } } }, "localname": "LineOfCreditFacilityInterestRateAtPeriodEnd", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "percentItemType" }, "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": { "auth_ref": [ "r27" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.", "label": "Line of Credit Facility, Maximum Borrowing Capacity", "terseLabel": "Maximum borrowing capacity" } } }, "localname": "LineOfCreditFacilityMaximumBorrowingCapacity", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity": { "auth_ref": [ "r27" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).", "label": "Line of Credit Facility, Remaining Borrowing Capacity", "terseLabel": "Remaining available borrowings" } } }, "localname": "LineOfCreditFacilityRemainingBorrowingCapacity", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility.", "label": "Line of Credit Facility, Unused Capacity, Commitment Fee Percentage", "terseLabel": "Commitment fee percentage" } } }, "localname": "LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "percentItemType" }, "us-gaap_LinesOfCreditCurrent": { "auth_ref": [ "r12", "r348" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.", "label": "Long-term Debt, Current Maturities", "terseLabel": "Current portion of long-term debt" } } }, "localname": "LinesOfCreditCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_LitigationSettlementExpense": { "auth_ref": [], "calculation": { "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesOtherOperatingItemsNetDetails": { "order": 1.0, "parentTag": "us-gaap_OtherCostAndExpenseOperating", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees.", "label": "Litigation Settlement, Expense", "terseLabel": "Professional service fees" } } }, "localname": "LitigationSettlementExpense", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesOtherOperatingItemsNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LondonInterbankOfferedRateLIBORMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Interest rate at which a bank borrows funds from other banks in the London interbank market.", "label": "LIBOR" } } }, "localname": "LondonInterbankOfferedRateLIBORMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths": { "auth_ref": [ "r82", "r174", "r205" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).", "label": "Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months", "terseLabel": "Payment that are due in next twelve months" } } }, "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LongTermDebtPercentageBearingVariableInterestRate": { "auth_ref": [ "r31" ], "lang": { "en-us": { "role": { "documentation": "The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a rate subject to change from time to time.", "label": "Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate", "verboseLabel": "Interest rate" } } }, "localname": "LongTermDebtPercentageBearingVariableInterestRate", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "percentItemType" }, "us-gaap_LongTermLineOfCredit": { "auth_ref": [ "r32", "r172", "r173" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.", "label": "Long-term Line of Credit, Excluding Current Amounts Due", "terseLabel": "Long-term debt, net" } } }, "localname": "LongTermLineOfCredit", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails", "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossContingencyAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "LEGAL MATTERS" } } }, "localname": "LossContingencyAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_LossContingencyDisclosures": { "auth_ref": [ "r168", "r169" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.", "label": "Contingencies Disclosure [Text Block]", "terseLabel": "LEGAL MATTERS" } } }, "localname": "LossContingencyDisclosures", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLegalMatters" ], "xbrltype": "textBlockItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "auth_ref": [ "r63" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.", "label": "Net Cash Provided by (Used in) Financing Activities", "totalLabel": "Net cash (used in) provided by financing activities" } } }, "localname": "NetCashProvidedByUsedInFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]", "terseLabel": "Cash flows from financing activities:" } } }, "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "auth_ref": [ "r63" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.", "label": "Net Cash Provided by (Used in) Investing Activities", "totalLabel": "Net cash used in investing activities" } } }, "localname": "NetCashProvidedByUsedInInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]", "terseLabel": "Cash flows from investing activities:" } } }, "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "auth_ref": [ "r63", "r66", "r69" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "lang": { "en-us": { "role": { "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.", "label": "Net Cash Provided by (Used in) Operating Activities", "totalLabel": "Net cash provided by operating activities" } } }, "localname": "NetCashProvidedByUsedInOperatingActivities", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Cash flows from operating activities:" } } }, "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetIncomeLoss": { "auth_ref": [ "r1", "r39", "r40", "r43", "r45", "r69", "r79", "r87", "r89", "r90", "r91", "r92", "r95", "r96", "r104", "r122", "r130", "r133", "r136", "r138", "r145", "r175", "r176", "r177", "r179", "r180", "r181", "r182", "r183", "r184", "r185", "r286", "r287", "r354", "r367" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.", "label": "Net Income (Loss) Attributable to Parent", "terseLabel": "Net income", "totalLabel": "Net income" } } }, "localname": "NetIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.", "label": "New Accounting Pronouncements, Policy [Policy Text Block]", "terseLabel": "Impact of Recently Issued Accounting Standards" } } }, "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_NonoperatingIncomeExpenseAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Nonoperating Income (Expense) [Abstract]", "terseLabel": "Other expense" } } }, "localname": "NonoperatingIncomeExpenseAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "stringItemType" }, "us-gaap_NumberOfOperatingSegments": { "auth_ref": [ "r117" ], "lang": { "en-us": { "role": { "documentation": "Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.", "label": "Number of Operating Segments", "terseLabel": "Number of operating segments" } } }, "localname": "NumberOfOperatingSegments", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesSegmentReportingDetails" ], "xbrltype": "integerItemType" }, "us-gaap_NumberOfReportableSegments": { "auth_ref": [ "r117" ], "lang": { "en-us": { "role": { "documentation": "Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements.", "label": "Number of Reportable Segments", "terseLabel": "Number of reportable segments" } } }, "localname": "NumberOfReportableSegments", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesSegmentReportingDetails" ], "xbrltype": "integerItemType" }, "us-gaap_OccupancyMember": { "auth_ref": [ "r235" ], "lang": { "en-us": { "role": { "documentation": "Residing in place for specified period of time. Including, but not limited to, hotel, cruise, or other type of lodging arrangement.", "label": "Hotel" } } }, "localname": "OccupancyMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "domainItemType" }, "us-gaap_OperatingLeaseExpense": { "auth_ref": [ "r303" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of operating lease expense. Excludes sublease income.", "label": "Operating Lease, Expense", "verboseLabel": "Operating expenses related to lease" } } }, "localname": "OperatingLeaseExpense", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseLiability": { "auth_ref": [ "r302" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease.", "label": "Operating Lease, Liability", "terseLabel": "Operating lease liability" } } }, "localname": "OperatingLeaseLiability", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseLiabilityCurrent": { "auth_ref": [ "r302" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.", "label": "Operating Lease, Liability, Current", "terseLabel": "Short-term lease liability" } } }, "localname": "OperatingLeaseLiabilityCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseLiabilityNoncurrent": { "auth_ref": [ "r302" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.", "label": "Operating Lease, Liability, Noncurrent", "verboseLabel": "Long-term lease liability" } } }, "localname": "OperatingLeaseLiabilityNoncurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasePayments": { "auth_ref": [ "r304", "r306" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use.", "label": "Operating Lease, Payments", "terseLabel": "Cash paid related to operating leases" } } }, "localname": "OperatingLeasePayments", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureAccountingForLeasesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseRightOfUseAsset": { "auth_ref": [ "r301" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of lessee's right to use underlying asset under operating lease.", "label": "Operating Lease, Right-of-Use Asset", "verboseLabel": "Right of use asset" } } }, "localname": "OperatingLeaseRightOfUseAsset", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent": { "auth_ref": [ "r308", "r309" ], "lang": { "en-us": { "role": { "documentation": "Weighted average discount rate for operating lease calculated at point in time.", "label": "Operating Lease, Weighted Average Discount Rate, Percent", "terseLabel": "Weighted-average incremental borrowing rate of operating leases" } } }, "localname": "OperatingLeaseWeightedAverageDiscountRatePercent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureAccountingForLeasesNarrativeDetails" ], "xbrltype": "percentItemType" }, "us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1": { "auth_ref": [ "r307", "r309" ], "lang": { "en-us": { "role": { "documentation": "Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.", "label": "Operating Lease, Weighted Average Remaining Lease Term", "terseLabel": "weighted-average remaining lease term" } } }, "localname": "OperatingLeaseWeightedAverageRemainingLeaseTerm1", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureAccountingForLeasesNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES" } } }, "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_OtherCostAndExpenseOperating": { "auth_ref": [ "r52" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesOtherOperatingItemsNetDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 4.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation.", "label": "Other Cost and Expense, Operating", "terseLabel": "Other operating items, net", "totalLabel": "Other operating items, net" } } }, "localname": "OtherCostAndExpenseOperating", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesOtherOperatingItemsNetDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNonoperatingIncomeExpense": { "auth_ref": [ "r54" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 2.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of income (expense) related to nonoperating activities, classified as other.", "label": "Interest Expense", "terseLabel": "Interest expense, net of amounts capitalized" } } }, "localname": "OtherNonoperatingIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForRent": { "auth_ref": [ "r65" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Cash payments to lessor's for use of assets under operating leases.", "label": "Operating Leases, Rent Expense, Net", "terseLabel": "Rent paid" } } }, "localname": "PaymentsForRent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfFinancingCosts": { "auth_ref": [ "r60" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The cash outflow for loan and debt issuance costs.", "label": "Payments of Financing Costs", "negatedLabel": "Loan issuance cost" } } }, "localname": "PaymentsOfFinancingCosts", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquirePropertyPlantAndEquipment": { "auth_ref": [ "r56" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.", "label": "Payments to Acquire Property, Plant, and Equipment", "negatedLabel": "Acquisition of property and equipment" } } }, "localname": "PaymentsToAcquirePropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PreferredStockParOrStatedValuePerShare": { "auth_ref": [ "r15", "r219" ], "lang": { "en-us": { "role": { "documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.", "label": "Preferred Stock, Par or Stated Value Per Share", "terseLabel": "Preferred stock, par value (in dollars per share)" } } }, "localname": "PreferredStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "perShareItemType" }, "us-gaap_PreferredStockSharesAuthorized": { "auth_ref": [ "r15" ], "lang": { "en-us": { "role": { "documentation": "The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.", "label": "Preferred Stock, Shares Authorized", "terseLabel": "Preferred stock, shares authorized" } } }, "localname": "PreferredStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_PreferredStockSharesIssued": { "auth_ref": [ "r15", "r219" ], "lang": { "en-us": { "role": { "documentation": "Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.", "label": "Preferred Stock, Shares Issued", "terseLabel": "Preferred stock, shares issued" } } }, "localname": "PreferredStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_PreferredStockValue": { "auth_ref": [ "r15", "r321" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Preferred Stock, Value, Issued", "verboseLabel": "Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued" } } }, "localname": "PreferredStockValue", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_PrepaidExpenseCurrent": { "auth_ref": [ "r4", "r6", "r151", "r152" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.", "label": "Prepaid Expense, Current", "terseLabel": "Prepaid expenses" } } }, "localname": "PrepaidExpenseCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromIssuanceOfLongTermDebt": { "auth_ref": [ "r58" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer.", "label": "Proceeds from Issuance of Long-term Debt", "terseLabel": "Long-term debt borrowings" } } }, "localname": "ProceedsFromIssuanceOfLongTermDebt", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfProductiveAssets": { "auth_ref": [ "r55" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets.", "label": "Proceeds from Sale of Productive Assets", "terseLabel": "Proceeds from sale of assets" } } }, "localname": "ProceedsFromSaleOfProductiveAssets", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromStockOptionsExercised": { "auth_ref": [ "r57", "r247" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of cash inflow from exercise of option under share-based payment arrangement.", "label": "Proceeds from Stock Options Exercised", "terseLabel": "Proceeds from exercise of stock options" } } }, "localname": "ProceedsFromStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProfitLoss": { "auth_ref": [ "r1", "r39", "r40", "r43", "r62", "r79", "r87", "r95", "r96", "r122", "r130", "r133", "r136", "r138", "r145", "r175", "r176", "r177", "r179", "r180", "r181", "r182", "r183", "r184", "r185", "r274", "r278", "r279", "r282", "r283", "r286", "r287", "r356" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.", "label": "Net Income (Loss), Including Portion Attributable to Noncontrolling Interest", "terseLabel": "Net income" } } }, "localname": "ProfitLoss", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentByTypeAxis": { "auth_ref": [ "r25", "r162" ], "lang": { "en-us": { "role": { "documentation": "Information by type of long-lived, physical assets used to produce goods and services and not intended for resale.", "label": "Property, Plant and Equipment, Type [Axis]" } } }, "localname": "PropertyPlantAndEquipmentByTypeAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentGross": { "auth_ref": [ "r24", "r160" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails": { "order": 1.0, "parentTag": "us-gaap_PropertyPlantAndEquipmentNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.", "label": "Property, Plant and Equipment, Gross", "terseLabel": "Gross property and equipment" } } }, "localname": "PropertyPlantAndEquipmentGross", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Property, Plant and Equipment [Line Items]", "terseLabel": "Property and Equipment" } } }, "localname": "PropertyPlantAndEquipmentLineItems", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentNet": { "auth_ref": [ "r10", "r11", "r162", "r321", "r357", "r364" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.", "label": "Net book value", "terseLabel": "Property and equipment, net", "totalLabel": "Property and equipment, net" } } }, "localname": "PropertyPlantAndEquipmentNet", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentPolicyTextBlock": { "auth_ref": [ "r23", "r162", "r381", "r382" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.", "label": "Property, Plant and Equipment, Policy [Policy Text Block]", "terseLabel": "Property and Equipment, net" } } }, "localname": "PropertyPlantAndEquipmentPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_PropertyPlantAndEquipmentTextBlock": { "auth_ref": [ "r10", "r162" ], "lang": { "en-us": { "role": { "documentation": "Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.", "label": "Property, Plant and Equipment [Table Text Block]", "terseLabel": "Schedule of Property and Equipment, net" } } }, "localname": "PropertyPlantAndEquipmentTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_PropertyPlantAndEquipmentTypeDomain": { "auth_ref": [ "r10", "r160" ], "lang": { "en-us": { "role": { "documentation": "Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.", "label": "Property, Plant and Equipment, Type [Domain]" } } }, "localname": "PropertyPlantAndEquipmentTypeDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PropertyPlantAndEquipmentUsefulLife": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.", "label": "Property, Plant and Equipment, Useful Life", "terseLabel": "Estimated useful life" } } }, "localname": "PropertyPlantAndEquipmentUsefulLife", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "durationItemType" }, "us-gaap_ProvisionForDoubtfulAccounts": { "auth_ref": [ "r47", "r147" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of expense (reversal of expense) for expected credit loss on accounts receivable.", "label": "Bad debt expense", "terseLabel": "Provision for bad debts" } } }, "localname": "ProvisionForDoubtfulAccounts", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_RelatedPartyDomain": { "auth_ref": [ "r237", "r313", "r314" ], "lang": { "en-us": { "role": { "documentation": "Related parties include affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.", "label": "Related Party [Domain]" } } }, "localname": "RelatedPartyDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RelatedPartyTransactionAxis": { "auth_ref": [ "r237", "r313", "r314", "r316" ], "lang": { "en-us": { "role": { "documentation": "Information by type of related party transaction.", "label": "Related Party Transaction [Axis]" } } }, "localname": "RelatedPartyTransactionAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionDomain": { "auth_ref": [ "r237" ], "lang": { "en-us": { "role": { "documentation": "Transaction between related party.", "label": "Related Party Transaction [Domain]" } } }, "localname": "RelatedPartyTransactionDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RelatedPartyTransactionLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Related Party Transaction [Line Items]", "terseLabel": "RELATED PARTY TRANSACTIONS" } } }, "localname": "RelatedPartyTransactionLineItems", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "RELATED PARTY TRANSACTIONS" } } }, "localname": "RelatedPartyTransactionsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsByRelatedPartyAxis": { "auth_ref": [ "r237", "r313", "r316", "r333", "r334", "r335", "r336", "r337", "r338", "r339", "r340", "r341", "r342", "r343", "r344" ], "lang": { "en-us": { "role": { "documentation": "Information by type of related party. Related parties include, but not limited to, affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.", "label": "Related Party [Axis]" } } }, "localname": "RelatedPartyTransactionsByRelatedPartyAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsDisclosureTextBlock": { "auth_ref": [ "r311", "r312", "r314", "r317", "r318" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.", "label": "Related Party Transactions Disclosure [Text Block]", "terseLabel": "RELATED PARTY TRANSACTIONS" } } }, "localname": "RelatedPartyTransactionsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactions" ], "xbrltype": "textBlockItemType" }, "us-gaap_RepaymentsOfLongTermDebt": { "auth_ref": [ "r59" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.", "label": "Repayments of Long-term Debt", "negatedLabel": "Principal payments on long-term debt" } } }, "localname": "RepaymentsOfLongTermDebt", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "auth_ref": [ "r19", "r226", "r251", "r321", "r362", "r378", "r379" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings (Accumulated Deficit)", "terseLabel": "Retained earnings" } } }, "localname": "RetainedEarningsAccumulatedDeficit", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_RetainedEarningsMember": { "auth_ref": [ "r0", "r84", "r85", "r86", "r88", "r94", "r96", "r146", "r248", "r249", "r250", "r264", "r265", "r284", "r375", "r377" ], "lang": { "en-us": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings" } } }, "localname": "RetainedEarningsMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax": { "auth_ref": [ "r118", "r119", "r129", "r134", "r135", "r139", "r140", "r141", "r233", "r234", "r331" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 2.0, "parentTag": "us-gaap_GrossProfit", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.", "label": "Revenue from Contract with Customer, Excluding Assessed Tax", "terseLabel": "Net revenues" } } }, "localname": "RevenueFromContractWithCustomerExcludingAssessedTax", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_RevenueRecognitionPolicyTextBlock": { "auth_ref": [ "r75", "r76" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for revenue. Includes revenue from contract with customer and from other sources.", "label": "Revenue Recognition, Policy [Policy Text Block]", "terseLabel": "Revenues Recognition" } } }, "localname": "RevenueRecognitionPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_RevenueRemainingPerformanceObligation": { "auth_ref": [ "r232" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of transaction price allocated to performance obligation that has not been recognized as revenue.", "label": "Revenue, Remaining Performance Obligation, Amount", "terseLabel": "Obligations related to the players' club program" } } }, "localname": "RevenueRemainingPerformanceObligation", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPlayersClubProgramDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RevenuesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Revenues [Abstract]", "terseLabel": "Revenues" } } }, "localname": "RevenuesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "stringItemType" }, "us-gaap_RevolvingCreditFacilityMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount.", "label": "Revolving Credit Facility" } } }, "localname": "RevolvingCreditFacilityMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable": { "auth_ref": [ "r108" ], "lang": { "en-us": { "role": { "documentation": "Schedule for securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by Antidilutive Securities.", "label": "Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]" } } }, "localname": "ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareAntiDilutiveOptionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable": { "auth_ref": [ "r242", "r245", "r252" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of information about amount recognized for award under share-based payment arrangement. Includes, but is not limited to, amount expensed in statement of income or comprehensive income, amount capitalized in statement of financial position, and corresponding reporting line item in financial statements.", "label": "Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table]" } } }, "localname": "ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock": { "auth_ref": [ "r242", "r245", "r252" ], "lang": { "en-us": { "role": { "documentation": "Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.", "label": "Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]", "terseLabel": "Schedule of stock-based compensation expense" } } }, "localname": "ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfPropertyPlantAndEquipmentTable": { "auth_ref": [ "r25", "r162" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of information about physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.", "label": "Schedule of Property, Plant and Equipment [Table]" } } }, "localname": "ScheduleOfPropertyPlantAndEquipmentTable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails", "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentUsefulLivesAndImpairmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable": { "auth_ref": [ "r315", "r316" ], "lang": { "en-us": { "role": { "documentation": "Schedule of quantitative and qualitative information pertaining to related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.", "label": "Schedule of Related Party Transactions, by Related Party [Table]" } } }, "localname": "ScheduleOfRelatedPartyTransactionsByRelatedPartyTable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureRelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock": { "auth_ref": [ "r109" ], "lang": { "en-us": { "role": { "documentation": "Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).", "label": "Schedule of Weighted Average Number of Shares [Table Text Block]", "terseLabel": "Schedule of reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations" } } }, "localname": "ScheduleOfWeightedAverageNumberOfSharesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_SegmentReportingDisclosureOfEntitysReportableSegmentsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract].", "terseLabel": "Segment Reporting" } } }, "localname": "SegmentReportingDisclosureOfEntitysReportableSegmentsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesSegmentReportingDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SegmentReportingPolicyPolicyTextBlock": { "auth_ref": [ "r123", "r124", "r125", "r126", "r127", "r128", "r140" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for segment reporting.", "label": "Segment Reporting, Policy [Policy Text Block]", "terseLabel": "Segment Reporting" } } }, "localname": "SegmentReportingPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_SellingGeneralAndAdministrativeExpense": { "auth_ref": [ "r53" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome": { "order": 2.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.", "label": "Selling, General and Administrative Expense", "terseLabel": "Selling, general and administrative" } } }, "localname": "SellingGeneralAndAdministrativeExpense", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_SellingGeneralAndAdministrativeExpensesMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Primary financial statement caption encompassing selling, general and administrative expense.", "label": "Selling, general and administrative" } } }, "localname": "SellingGeneralAndAdministrativeExpensesMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockBasedCompensationReportedStockBasedCompensationExpenseDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensation": { "auth_ref": [ "r67" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of noncash expense for share-based payment arrangement.", "label": "Share-based Compensation.", "terseLabel": "Stock-based compensation" } } }, "localname": "ShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareRepurchaseProgramAxis": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Information by share repurchase program.", "label": "Share Repurchase Program [Axis]" } } }, "localname": "ShareRepurchaseProgramAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareRepurchaseProgramDomain": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the share repurchase program.", "label": "Share Repurchase Program [Domain]" } } }, "localname": "ShareRepurchaseProgramDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails" ], "xbrltype": "domainItemType" }, "us-gaap_StandbyLettersOfCreditMember": { "auth_ref": [ "r170", "r171", "r273", "r380" ], "lang": { "en-us": { "role": { "documentation": "An irrevocable undertaking (typically by a financial institution) to guarantee payment of a specified financial obligation.", "label": "Standby Letter of Credit" } } }, "localname": "StandbyLettersOfCreditMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "us-gaap_StatementEquityComponentsAxis": { "auth_ref": [ "r0", "r33", "r41", "r42", "r43", "r84", "r85", "r86", "r88", "r94", "r96", "r116", "r146", "r221", "r226", "r248", "r249", "r250", "r264", "r265", "r284", "r289", "r290", "r291", "r292", "r293", "r294", "r375", "r376", "r377", "r392" ], "lang": { "en-us": { "role": { "documentation": "Information by component of equity.", "label": "Equity Components [Axis]" } } }, "localname": "StatementEquityComponentsAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_StatementLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Statement [Line Items]", "terseLabel": "Statement" } } }, "localname": "StatementLineItems", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_StatementOfCashFlowsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "CONSOLIDATED STATEMENTS OF CASH FLOWS" } } }, "localname": "StatementOfCashFlowsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfFinancialPositionAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "CONSOLIDATED BALANCE SHEETS" } } }, "localname": "StatementOfFinancialPositionAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY" } } }, "localname": "StatementOfStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementTable": { "auth_ref": [ "r84", "r85", "r86", "r116", "r331" ], "lang": { "en-us": { "role": { "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.", "label": "Statement [Table]" } } }, "localname": "StatementTable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross": { "auth_ref": [ "r221", "r226" ], "lang": { "en-us": { "role": { "documentation": "Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards.", "label": "Stock Issued During Period, Shares, Restricted Stock Award, Gross", "terseLabel": "Restricted stock granted, shares" } } }, "localname": "StockIssuedDuringPeriodSharesRestrictedStockAwardGross", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised": { "auth_ref": [ "r15", "r16", "r221", "r226", "r243" ], "lang": { "en-us": { "role": { "documentation": "Number of share options (or share units) exercised during the current period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period", "terseLabel": "Exercise of stock options, net (in shares)" } } }, "localname": "StockIssuedDuringPeriodSharesStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross": { "auth_ref": [ "r15", "r16", "r221", "r226" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Aggregate value of stock related to Restricted Stock Awards issued during the period.", "label": "Stock Issued During Period, Value, Restricted Stock Award, Gross", "terseLabel": "Restricted stock granted" } } }, "localname": "StockIssuedDuringPeriodValueRestrictedStockAwardGross", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised": { "auth_ref": [ "r33", "r221", "r226" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Value of stock issued as a result of the exercise of stock options.", "label": "Stock Issued During Period, Value, Stock Options Exercised", "terseLabel": "Exercise of stock options, net" } } }, "localname": "StockIssuedDuringPeriodValueStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan.", "label": "Stock Repurchase Program, Number of Shares Authorized to be Repurchased", "verboseLabel": "Shares authorized for repurchase under program" } } }, "localname": "StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_StockRepurchasedDuringPeriodShares": { "auth_ref": [ "r15", "r16", "r221", "r226" ], "lang": { "en-us": { "role": { "documentation": "Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Shares", "negatedLabel": "Purchase of company common stock, shares", "terseLabel": "Purchase of company common stock, Shares" } } }, "localname": "StockRepurchasedDuringPeriodShares", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StockRepurchasedDuringPeriodValue": { "auth_ref": [ "r15", "r16", "r221", "r226" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Value", "negatedLabel": "Purchase of company common stock", "terseLabel": "Purchase of company common stock" } } }, "localname": "StockRepurchasedDuringPeriodValue", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquity": { "auth_ref": [ "r16", "r20", "r21", "r79", "r144", "r145", "r287", "r321" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.", "label": "Stockholders' Equity Attributable to Parent", "periodEndLabel": "Balance", "periodStartLabel": "Balance", "totalLabel": "Total stockholders' equity" } } }, "localname": "StockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Stockholders' Equity Attributable to Parent [Abstract]", "terseLabel": "Stockholders' equity" } } }, "localname": "StockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "STOCK REPURCHASE PLAN" } } }, "localname": "StockholdersEquityNoteAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_SupplementalCashFlowInformationAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Supplemental Cash Flow Information [Abstract]", "terseLabel": "Supplemental disclosure of cash flow information:" } } }, "localname": "SupplementalCashFlowInformationAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_TreasuryStockCommonMember": { "auth_ref": [ "r227" ], "lang": { "en-us": { "role": { "documentation": "Previously issued common shares repurchased by the issuing entity and held in treasury.", "label": "Treasury Stock" } } }, "localname": "TreasuryStockCommonMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_TreasuryStockCommonShares": { "auth_ref": [ "r227" ], "lang": { "en-us": { "role": { "documentation": "Number of previously issued common shares repurchased by the issuing entity and held in treasury.", "label": "Treasury Stock, Shares", "terseLabel": "Treasury stock, shares" } } }, "localname": "TreasuryStockCommonShares", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_TreasuryStockCommonValue": { "auth_ref": [ "r35", "r227", "r230" ], "calculation": { "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_StockholdersEquity", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount allocated to previously issued common shares repurchased by the issuing entity and held in treasury.", "label": "Treasury Stock, Value", "negatedLabel": "Treasury stock, 221,176 shares at March 31, 2022; 331,760 shares at December 31, 2021" } } }, "localname": "TreasuryStockCommonValue", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_TreasuryStockSharesAcquired": { "auth_ref": [ "r16", "r221", "r226" ], "lang": { "en-us": { "role": { "documentation": "Number of shares that have been repurchased during the period and are being held in treasury.", "label": "Treasury Stock, Shares, Acquired", "verboseLabel": "Stock repurchases made" } } }, "localname": "TreasuryStockSharesAcquired", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlanDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_TreasuryStockTextBlock": { "auth_ref": [ "r231" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.", "label": "Treasury Stock [Text Block]", "terseLabel": "STOCK REPURCHASE PLAN" } } }, "localname": "TreasuryStockTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureStockRepurchasePlan" ], "xbrltype": "textBlockItemType" }, "us-gaap_VariableRateAxis": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Information by type of variable rate.", "label": "Variable Rate [Axis]" } } }, "localname": "VariableRateAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "stringItemType" }, "us-gaap_VariableRateDomain": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Interest rate that fluctuates over time as a result of an underlying benchmark interest rate or index.", "label": "Variable Rate [Domain]" } } }, "localname": "VariableRateDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureLongTermDebtDetails" ], "xbrltype": "domainItemType" }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "auth_ref": [ "r99", "r107" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-us": { "role": { "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.", "label": "Diluted (in shares)", "terseLabel": "Diluted", "totalLabel": "Diluted (in shares)" } } }, "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Weighted Average Number of Shares Outstanding, Diluted [Abstract]", "terseLabel": "Weighted average number of common shares and potential common shares outstanding" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "stringItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "auth_ref": [ "r98", "r107" ], "calculation": { "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails": { "order": 1.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-us": { "role": { "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.", "label": "Basic (in shares)", "terseLabel": "Basic" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://www.monarchcasino.com/role/DisclosureEarningsPerShareReconciliationDetails", "http://www.monarchcasino.com/role/StatementConsolidatedStatementsOfIncome" ], "xbrltype": "sharesItemType" } }, "unitCount": 8 } }, "std_ref": { "r0": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "105", "URI": "http://asc.fasb.org/extlink&oid=124434974&loc=SL124442142-165695" }, "r1": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760" }, "r10": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(13))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r100": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256" }, "r101": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1707-109256" }, "r102": { "Name": "Accounting Standards Codification", "Paragraph": "23", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1757-109256" }, "r103": { "Name": "Accounting Standards Codification", "Paragraph": "28A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1500-109256" }, "r104": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256" }, "r105": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256" }, "r106": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256" }, "r107": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257" }, "r108": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257" }, "r109": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257" }, "r11": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(14))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r110": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257" }, "r111": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537" }, "r112": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258" }, "r113": { "Name": "Accounting Standards Codification", "Paragraph": "52", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258" }, "r114": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "260", "URI": "http://asc.fasb.org/topic&trid=2144383" }, "r115": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=124437754&loc=d3e543-108305" }, "r116": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "272", "URI": "http://asc.fasb.org/extlink&oid=125520817&loc=d3e70191-108054" }, "r117": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8672-108599" }, "r118": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599" }, "r119": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599" }, "r12": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(19))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r120": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599" }, "r121": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599" }, "r122": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599" }, "r123": { "Name": "Accounting Standards Codification", "Paragraph": "29", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8864-108599" }, "r124": { "Name": "Accounting Standards Codification", "Paragraph": "29", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8864-108599" }, "r125": { "Name": "Accounting Standards Codification", "Paragraph": "29", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8864-108599" }, "r126": { "Name": "Accounting Standards Codification", "Paragraph": "29", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8864-108599" }, "r127": { "Name": "Accounting Standards Codification", "Paragraph": "29", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8864-108599" }, "r128": { "Name": "Accounting Standards Codification", "Paragraph": "29", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8864-108599" }, "r129": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599" }, "r13": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(20))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r130": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599" }, "r131": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599" }, "r132": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599" }, "r133": { "Name": "Accounting Standards Codification", "Paragraph": "31", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599" }, "r134": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599" }, "r135": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599" }, "r136": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599" }, "r137": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599" }, "r138": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599" }, "r139": { "Name": "Accounting Standards Codification", "Paragraph": "40", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599" }, "r14": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(22))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r140": { "Name": "Accounting Standards Codification", "Paragraph": "41", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599" }, "r141": { "Name": "Accounting Standards Codification", "Paragraph": "42", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599" }, "r142": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=124259787&loc=d3e4428-111522" }, "r143": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=124259787&loc=d3e4531-111522" }, "r144": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 4.E)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707" }, "r145": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r146": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=122640432&loc=SL121648383-210437" }, "r147": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447" }, "r148": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "330", "URI": "http://asc.fasb.org/extlink&oid=116847112&loc=d3e4492-108314" }, "r149": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "330", "URI": "http://asc.fasb.org/extlink&oid=116847112&loc=d3e4556-108314" }, "r15": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(28))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r150": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "330", "URI": "http://asc.fasb.org/topic&trid=2126998" }, "r151": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Topic": "340", "URI": "http://asc.fasb.org/extlink&oid=123349782&loc=d3e5879-108316" }, "r152": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "340", "URI": "http://asc.fasb.org/extlink&oid=6387103&loc=d3e6435-108320" }, "r153": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=99380562&loc=d3e13770-109266" }, "r154": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=120320667&loc=SL49117168-202975" }, "r155": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267" }, "r156": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r157": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(1)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r158": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=123351718&loc=d3e2420-110228" }, "r159": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=123351718&loc=d3e2443-110228" }, "r16": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(29))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r160": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r161": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r162": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r163": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230" }, "r164": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r165": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r166": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869" }, "r167": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14615-108349" }, "r168": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/subtopic&trid=2127163" }, "r169": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "30", "Topic": "450", "URI": "http://asc.fasb.org/subtopic&trid=2127197" }, "r17": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r170": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=124440162&loc=d3e12021-110248" }, "r171": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=123408193&loc=d3e12803-110250" }, "r172": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=99376301&loc=d3e1314-112600" }, "r173": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=99376301&loc=d3e1336-112600" }, "r174": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601" }, "r175": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(i))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r176": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(ii))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r177": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(iii)(A))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r178": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(iii))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r179": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(iv))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r18": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r180": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(5))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r181": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(i))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r182": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r183": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r184": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(iv))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r185": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(5))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r186": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r187": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r188": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r189": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r19": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r190": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(e)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r191": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(f)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r192": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r193": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(h)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r194": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(i)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r195": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611" }, "r196": { "Name": "Accounting Standards Codification", "Paragraph": "1C", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611" }, "r197": { "Name": "Accounting Standards Codification", "Paragraph": "1C", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611" }, "r198": { "Name": "Accounting Standards Codification", "Paragraph": "1C", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611" }, "r199": { "Name": "Accounting Standards Codification", "Paragraph": "1D", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611" }, "r2": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765" }, "r20": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r200": { "Name": "Accounting Standards Codification", "Paragraph": "1D", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611" }, "r201": { "Name": "Accounting Standards Codification", "Paragraph": "1D", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611" }, "r202": { "Name": "Accounting Standards Codification", "Paragraph": "1E", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611" }, "r203": { "Name": "Accounting Standards Codification", "Paragraph": "1E", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611" }, "r204": { "Name": "Accounting Standards Codification", "Paragraph": "1E", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611" }, "r205": { "Name": "Accounting Standards Codification", "Paragraph": "1E", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611" }, "r206": { "Name": "Accounting Standards Codification", "Paragraph": "1F", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611" }, "r207": { "Name": "Accounting Standards Codification", "Paragraph": "1F", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611" }, "r208": { "Name": "Accounting Standards Codification", "Paragraph": "1F", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)(1)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611" }, "r209": { "Name": "Accounting Standards Codification", "Paragraph": "1F", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)(2)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611" }, "r21": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(31))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r210": { "Name": "Accounting Standards Codification", "Paragraph": "1I", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611" }, "r211": { "Name": "Accounting Standards Codification", "Paragraph": "1I", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611" }, "r212": { "Name": "Accounting Standards Codification", "Paragraph": "1I", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611" }, "r213": { "Name": "Accounting Standards Codification", "Paragraph": "1I", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611" }, "r214": { "Name": "Accounting Standards Codification", "Paragraph": "69B", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612" }, "r215": { "Name": "Accounting Standards Codification", "Paragraph": "69C", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612" }, "r216": { "Name": "Accounting Standards Codification", "Paragraph": "69E", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612" }, "r217": { "Name": "Accounting Standards Codification", "Paragraph": "69F", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466577&loc=SL123495745-112612" }, "r218": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "470", "URI": "http://asc.fasb.org/topic&trid=2208564" }, "r219": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644" }, "r22": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(32))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r220": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644" }, "r221": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644" }, "r222": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644" }, "r223": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644" }, "r224": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644" }, "r225": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644" }, "r226": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-04)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770" }, "r227": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655" }, "r228": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656" }, "r229": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656" }, "r23": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.13(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r230": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656" }, "r231": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/subtopic&trid=2208821" }, "r232": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045" }, "r233": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045" }, "r234": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045" }, "r235": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=123410239&loc=SL49130690-203046-203046" }, "r236": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(i)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920" }, "r237": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(n)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920" }, "r238": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "80", "Subparagraph": "(d)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947" }, "r239": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "80", "Subparagraph": "(f)(3)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947" }, "r24": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.13)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r240": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "55", "SubTopic": "80", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=35742348&loc=SL14450788-114948" }, "r241": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "35", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=123468992&loc=d3e4534-113899" }, "r242": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901" }, "r243": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901" }, "r244": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901" }, "r245": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901" }, "r246": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)(1)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901" }, "r247": { "Name": "Accounting Standards Codification", "Paragraph": "2A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=SL79508275-113901" }, "r248": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333" }, "r249": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(f)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333" }, "r25": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.14)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r250": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(f)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333" }, "r251": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(g)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333" }, "r252": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 14.F)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809" }, "r253": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=122142933&loc=d3e11149-113907" }, "r254": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=122142933&loc=d3e11178-113907" }, "r255": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "718", "URI": "http://asc.fasb.org/topic&trid=2228938" }, "r256": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123427490&loc=d3e31917-109318" }, "r257": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123427490&loc=d3e31931-109318" }, "r258": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32672-109319" }, "r259": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319" }, "r26": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r260": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319" }, "r261": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)(3)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319" }, "r262": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319" }, "r263": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319" }, "r264": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(d)(2)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277" }, "r265": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(d)(3)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277" }, "r266": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB TOPIC 6.I.5.Q1)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817" }, "r267": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB TOPIC 6.I.7)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817" }, "r268": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 11.C)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817" }, "r269": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123586238&loc=d3e38679-109324" }, "r27": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(b),22(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r270": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "270", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338" }, "r271": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331" }, "r272": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "740", "URI": "http://asc.fasb.org/topic&trid=2144680" }, "r273": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "15", "SubTopic": "10", "Subparagraph": "(f)(2)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=116873149&loc=d3e923-111674" }, "r274": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=123454820&loc=SL4569616-111683" }, "r275": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988" }, "r276": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988" }, "r277": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684" }, "r278": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r279": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r28": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19-26)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r280": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bb)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685" }, "r281": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685" }, "r282": { "Name": "Accounting Standards Codification", "Paragraph": "4J", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686" }, "r283": { "Name": "Accounting Standards Codification", "Paragraph": "4K", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686" }, "r284": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(e)(3)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011" }, "r285": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(e)(4)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011" }, "r286": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(f)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011" }, "r287": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612" }, "r288": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "230", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=123444420&loc=d3e33268-110906" }, "r289": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900" }, "r29": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.20)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r290": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900" }, "r291": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900" }, "r292": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(c)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900" }, "r293": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900" }, "r294": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901" }, "r295": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399" }, "r296": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399" }, "r297": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399" }, "r298": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629" }, "r299": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "55", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400" }, "r3": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765" }, "r30": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.21)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r300": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=68176171&loc=SL68176184-208336" }, "r301": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123391704&loc=SL77918627-209977" }, "r302": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123391704&loc=SL77918627-209977" }, "r303": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123391704&loc=SL77918638-209977" }, "r304": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123391704&loc=SL77918643-209977" }, "r305": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)(3)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123408670&loc=SL77918673-209980" }, "r306": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(1)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980" }, "r307": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(3)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980" }, "r308": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(4)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980" }, "r309": { "Name": "Accounting Standards Codification", "Paragraph": "53", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=123414884&loc=SL77918982-209971" }, "r31": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r310": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/subtopic&trid=77888251" }, "r311": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r312": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r313": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r314": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r315": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r316": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864" }, "r317": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864" }, "r318": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "850", "URI": "http://asc.fasb.org/topic&trid=2122745" }, "r319": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "852", "URI": "http://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765" }, "r32": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r320": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "852", "URI": "http://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765" }, "r321": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "852", "URI": "http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766" }, "r322": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "855", "URI": "http://asc.fasb.org/extlink&oid=6842918&loc=SL6314020-165662" }, "r323": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)(1)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719" }, "r324": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)(2)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719" }, "r325": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)(3)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719" }, "r326": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)(1)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719" }, "r327": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)(2)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719" }, "r328": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)(3)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719" }, "r329": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "910", "URI": "http://asc.fasb.org/extlink&oid=123353855&loc=SL119991595-234733" }, "r33": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29-31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r330": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "330", "Topic": "912", "URI": "http://asc.fasb.org/extlink&oid=6471895&loc=d3e55923-109411" }, "r331": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 11.L)", "Topic": "924", "URI": "http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856" }, "r332": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "926", "URI": "http://asc.fasb.org/extlink&oid=120154696&loc=d3e54445-107959" }, "r333": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e61929-109447" }, "r334": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e61929-109447" }, "r335": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62059-109447" }, "r336": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62059-109447" }, "r337": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62395-109447" }, "r338": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62395-109447" }, "r339": { "Name": "Accounting Standards Codification", "Paragraph": "33", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62479-109447" }, "r34": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.3(a)(4))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r340": { "Name": "Accounting Standards Codification", "Paragraph": "33", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62479-109447" }, "r341": { "Name": "Accounting Standards Codification", "Paragraph": "35A", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=SL6807758-109447" }, "r342": { "Name": "Accounting Standards Codification", "Paragraph": "35A", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=SL6807758-109447" }, "r343": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(c)(1)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e61872-109447" }, "r344": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(c)(2)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e61872-109447" }, "r345": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "25", "SubTopic": "20", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=123384075&loc=d3e41242-110953" }, "r346": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(10)(1))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r347": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(11))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r348": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(13))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r349": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(16))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r35": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.30)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r350": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r351": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.10)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r352": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15(5))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r353": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(15))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260" }, "r354": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260" }, "r355": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(27))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260" }, "r356": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "235", "Subparagraph": "(SX 210.9-05(b)(2))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884" }, "r357": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "360", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=124429447&loc=SL124453093-239630" }, "r358": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "470", "Subparagraph": "(c)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823" }, "r359": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "470", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823" }, "r36": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.6(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r360": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(16))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r361": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(12))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r362": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r363": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(25))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r364": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(8))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r365": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r366": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.5(c))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r367": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(18))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263" }, "r368": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(23))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263" }, "r369": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(8))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263" }, "r37": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.6(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r370": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(9))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263" }, "r371": { "Name": "Accounting Standards Codification", "Paragraph": "4H", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=116884468&loc=SL65671331-158438" }, "r372": { "Name": "Accounting Standards Codification", "Paragraph": "7A", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Subparagraph": "(d)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124506351&loc=SL117782755-158439" }, "r373": { "Name": "Accounting Standards Codification", "Paragraph": "13H", "Publisher": "FASB", "Section": "55", "SubTopic": "40", "Subparagraph": "(a)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124504033&loc=SL117783719-158441" }, "r374": { "Name": "Accounting Standards Codification", "Paragraph": "29F", "Publisher": "FASB", "Section": "55", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124504033&loc=SL117819544-158441" }, "r375": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(e)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r376": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(f)(1)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r377": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(f)(2)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r378": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(g)(2)(i)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r379": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(h)(2)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r38": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.9)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r380": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=66023616&loc=SL35737432-115832" }, "r381": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "360", "Subparagraph": "(d)", "Topic": "958", "URI": "http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916" }, "r382": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "360", "Topic": "958", "URI": "http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916" }, "r383": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "360", "Subparagraph": "(SX 210.12-28(Footnote 4))", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024" }, "r384": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "310", "Subparagraph": "(c)", "Topic": "976", "URI": "http://asc.fasb.org/extlink&oid=6497875&loc=d3e22274-108663" }, "r385": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "310", "Subparagraph": "(b)", "Topic": "978", "URI": "http://asc.fasb.org/extlink&oid=123360121&loc=d3e27327-108691" }, "r386": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r387": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r388": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r389": { "Name": "Form 10-Q", "Number": "240", "Publisher": "SEC", "Section": "308", "Subsection": "a" }, "r39": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580" }, "r390": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1" }, "r391": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405" }, "r392": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(a)(3)(iii)(03)", "Topic": "848" }, "r4": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765" }, "r40": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580" }, "r41": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067" }, "r42": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067" }, "r43": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067" }, "r44": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(10))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r45": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(20))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r46": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(25))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r47": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(5))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r48": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(8))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r49": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r5": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765" }, "r50": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1,2)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r51": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.2(a),(d))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r52": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.3)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r53": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.4)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r54": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.9)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r55": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3179-108585" }, "r56": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3213-108585" }, "r57": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585" }, "r58": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585" }, "r59": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585" }, "r6": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6787-107765" }, "r60": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585" }, "r61": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3367-108585" }, "r62": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3000-108585" }, "r63": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3521-108585" }, "r64": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3536-108585" }, "r65": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3536-108585" }, "r66": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3536-108585" }, "r67": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585" }, "r68": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585" }, "r69": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585" }, "r7": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6801-107765" }, "r70": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3044-108585" }, "r71": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=d3e4297-108586" }, "r72": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=SL98516268-108586" }, "r73": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=123372394&loc=d3e18823-107790" }, "r74": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=123372394&loc=d3e18823-107790" }, "r75": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=123372394&loc=d3e18823-107790" }, "r76": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=123372394&loc=d3e18823-107790" }, "r77": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(c))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r78": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(f))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r79": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(g)(1)(ii))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r8": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6812-107765" }, "r80": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(h)(2))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r81": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(h))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r82": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.12-04(a))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690" }, "r83": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "235", "URI": "http://asc.fasb.org/topic&trid=2122369" }, "r84": { "Name": "Accounting Standards Codification", "Paragraph": "23", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21914-107793" }, "r85": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21930-107793" }, "r86": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21711-107793" }, "r87": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)(2)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794" }, "r88": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)(3)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794" }, "r89": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794" }, "r9": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766" }, "r90": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794" }, "r91": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794" }, "r92": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794" }, "r93": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794" }, "r94": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794" }, "r95": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794" }, "r96": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794" }, "r97": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 11.M.Q2)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=122038215&loc=d3e31137-122693" }, "r98": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1448-109256" }, "r99": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1505-109256" } }, "version": "2.1" } ZIP 56 0001558370-22-007564-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001558370-22-007564-xbrl.zip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ê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end