STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2025

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

NOTE 3. STOCK-BASED COMPENSATION

In accordance with ASC 718, 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				Six months ended
	June 30,				June 30,
	2025		2024		2025		2024
Casino	$	25	$	125	$	200	$	259
Food and beverage		61		59		140		41
Hotel		(45)		72		34		131
Selling, general and administrative		1,834		1,517		3,628		3,120
Total stock-based compensation, before taxes		1,875		1,773		4,002		3,551
Tax benefit		(394)		(372)		(841)		(745)
Total stock-based compensation, net of tax	$	1,481	$	1,401	$	3,161	$	2,806