Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Significant Accounting Policies

Schedule of estimated fair values of financial instruments

	2012				2011
December 31,	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	260,467	$	260,467	$	238,440	$	238,440
Investment in corporate debt securities		6,790		6,790		6,790		6,790
Financial liabilities:
Long-term debt
Senior secured credit facility		2,393,459		2,401,225		1,714,001		1,716,720
Senior subordinated notes		325,000		368,875		325,000		353,438
Other long-term obligations		10,000		10,000		1,949		1,949

Schedule of the estimated useful lives of property and equipment

Land improvements	5 to 15 years
Building and improvements	5 to 40 years
Furniture, fixtures, and equipment	3 to 31 years

Schedule of promotional allowances

Year ended December 31,	2012		2011		2010
	(in thousands)
Rooms	$	26,612	$	24,646	$	23,980
Food and beverage		108,250		106,687		99,024
Other		9,878		10,483		10,398
Total promotional allowances	$	144,740	$	141,816	$	133,402

Schedule of estimated cost of providing complimentary services

Year ended December 31,	2012		2011		2010
	(in thousands)
Rooms	$	9,814	$	9,149	$	9,188
Food and beverage		74,263		76,357		75,180
Other		6,056		6,430		6,544
Total cost of complimentary services	$	90,133	$	91,936	$	90,912

Allocation of net income attributable to shareholders under the two-class method

Year ended December, 31	2012		2011
	(in thousands)
Net income	$	211,971	$	242,351
Net income applicable to preferred stock		41,023		46,101
Net income applicable to common stock	$	170,948	$	196,250

Reconciliation of the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS

Year ended December 31,	2012		2011
	(in thousands)
Determination of shares:
Weighted-average common shares outstanding		76,345		77,991
Assumed conversion of dilutive employee stock-based awards		2,464		1,782
Assumed conversion of preferred stock		24,995		27,278
Diluted weighted-average common shares outstanding		103,804		107,051

Calculation of basic and diluted EPS for the entity's common stock

Year ended December 31,	2012		2011
	(in thousands, except per share data)
Calculation of basic EPS:
Net income applicable to common stock	$	170,948	$	196,250
Weighted-average common shares outstanding		76,345		77,991
Basic EPS	$	2.24	$	2.52
Calculation of diluted EPS:
Net income	$	211,971	$	242,351
Diluted weighted-average common shares outstanding		103,804		107,051
Diluted EPS	$	2.04	$	2.26

Weighted-average assumptions used in Black-Scholes option pricing model

Year ended December 31,	2012			2011			2010
Risk-free interest rate		0.84	%		1.04	%		2.27	%
Expected volatility		45.78	%		47.60	%		48.02	%
Dividend yield		—			—			—
Weighted-average expected life (years)		6.64			5.82			5.73
Forfeiture rate		5.00	%		5.00	%		5.00	%