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Penn National Gaming Inc – ‘10-K’ for 12/31/13 – ‘EX-101.INS’

On:  Thursday, 2/27/14, at 2:16pm ET   ·   For:  12/31/13   ·   Accession #:  1047469-14-1467   ·   File #:  0-24206

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/27/14  Penn National Gaming Inc          10-K       12/31/13   96:15M                                    Toppan Merrill-FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.55M 
 2: EX-21.1     Subsidiaries List                                   HTML     38K 
 3: EX-23.1     Consent of Experts or Counsel                       HTML     28K 
 8: EX-99.1     Miscellaneous Exhibit                               HTML     62K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     31K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     27K 
67: R1          Document and Entity Information                     HTML     54K 
54: R2          Consolidated Balance Sheets                         HTML    142K 
65: R3          Consolidated Balance Sheets (Parenthetical)         HTML     46K 
69: R4          Consolidated Statements of Operations               HTML    107K 
88: R5          Consolidated Statements of Comprehensive (Loss)     HTML     67K 
                Income                                                           
56: R6          Consolidated Statements of Comprehensive (Loss)     HTML     31K 
                Income (Parenthetical)                                           
64: R7          Consolidated Statements of Changes in               HTML     98K 
                Shareholders' Equity                                             
49: R8          Consolidated Statements of Changes in               HTML     36K 
                Shareholders' Equity (Parenthetical)                             
39: R9          Consolidated Statements of Cash Flows               HTML    175K 
89: R10         Consolidated Statements of Cash Flows               HTML     35K 
                (Parenthetical)                                                  
71: R11         Business and Basis of Presentation                  HTML     31K 
70: R12         Spin-Off of Real Estate Assets through a Real       HTML     42K 
                Estate Investment Trust                                          
76: R13         Principles of Consolidation                         HTML     31K 
77: R14         Summary of Significant Accounting Policies          HTML    156K 
74: R15         New Accounting Pronouncements                       HTML     51K 
78: R16         Acquisitions and Other Recent Business Ventures     HTML     35K 
66: R17         Investment In and Advances to Unconsolidated        HTML     39K 
                Affiliates                                                       
68: R18         Property and Equipment                              HTML     42K 
73: R19         Goodwill and Other Intangible Assets                HTML     90K 
96: R20         Investment in Corporate Securities                  HTML     32K 
84: R21         Long-term Debt and Derivatives                      HTML     77K 
60: R22         Commitments and Contingencies                       HTML     75K 
72: R23         Income Taxes                                        HTML    123K 
62: R24         Shareholders' Equity                                HTML     51K 
29: R25         Stock-Based Compensation                            HTML     76K 
85: R26         Segment Information                                 HTML     67K 
92: R27         Summarized Quarterly Data (Unaudited)               HTML     52K 
44: R28         Related Party Transactions                          HTML     31K 
43: R29         Fair Value Measurements                             HTML     57K 
47: R30         Insurance Recoveries and Deductibles                HTML     34K 
48: R31         Summary of Significant Accounting Policies          HTML    213K 
                (Policies)                                                       
50: R32         Spin-Off of Real Estate Assets through a Real       HTML     37K 
                Estate Investment Trust (Tables)                                 
23: R33         Summary of Significant Accounting Policies          HTML    119K 
                (Tables)                                                         
82: R34         New Accounting Pronouncements (Tables)              HTML     43K 
58: R35         Property and Equipment (Tables)                     HTML     41K 
61: R36         Goodwill and Other Intangible Assets (Tables)       HTML     89K 
34: R37         Long-term Debt and Derivatives (Tables)             HTML     75K 
95: R38         Commitments and Contingencies (Tables)              HTML     42K 
15: R39         Income Taxes (Tables)                               HTML    130K 
51: R40         Shareholders' Equity (Tables)                       HTML     35K 
87: R41         Stock-Based Compensation (Tables)                   HTML     67K 
32: R42         Segment Information (Tables)                        HTML     65K 
42: R43         Summarized Quarterly Data (Unaudited) (Tables)      HTML     47K 
46: R44         Fair Value Measurements (Tables)                    HTML     56K 
55: R45         Business and Basis of Presentation (Details)        HTML     28K 
22: R46         Spin-Off of Real Estate Assets through a Real       HTML     88K 
                Estate Investment Trust (Details)                                
38: R47         Summary of Significant Accounting Policies          HTML     41K 
                (Details)                                                        
17: R48         Summary of Significant Accounting Policies          HTML     43K 
                (Details 2)                                                      
86: R49         Summary of Significant Accounting Policies          HTML     46K 
                (Details 3)                                                      
31: R50         Summary of Significant Accounting Policies          HTML     40K 
                (Details 4)                                                      
83: R51         Summary of Significant Accounting Policies          HTML     37K 
                (Details 5)                                                      
35: R52         Summary of Significant Accounting Policies          HTML     38K 
                (Details 6)                                                      
52: R53         Summary of Significant Accounting Policies          HTML    101K 
                (Details 7)                                                      
16: R54         Summary of Significant Accounting Policies          HTML     56K 
                (Details 8)                                                      
20: R55         New Accounting Pronouncements (Details)             HTML     44K 
45: R56         Acquisitions and Other Recent Business Ventures     HTML     89K 
                (Details)                                                        
25: R57         Investment In and Advances to Unconsolidated        HTML     85K 
                Affiliates (Details)                                             
90: R58         Property and Equipment (Details)                    HTML     56K 
57: R59         Goodwill and Other Intangible Assets (Details)      HTML    101K 
75: R60         Investment in Corporate Securities (Details)        HTML     30K 
37: R61         Long-term Debt and Derivatives (Details)            HTML     43K 
40: R62         Long-term Debt and Derivatives (Details 2)          HTML    131K 
81: R63         Long-term Debt and Derivatives (Details 3)          HTML     41K 
79: R64         Commitments and Contingencies (Details)             HTML     71K 
59: R65         Commitments and Contingencies (Details 2)           HTML     79K 
80: R66         Commitments and Contingencies (Details 3)           HTML     66K 
36: R67         Income Taxes (Details)                              HTML     93K 
63: R68         Income Taxes (Details 2)                            HTML    128K 
91: R69         Income Taxes (Details 3)                            HTML     53K 
19: R70         Shareholders' Equity (Details)                      HTML    100K 
28: R71         Stock-Based Compensation (Details)                  HTML    111K 
53: R72         Stock-Based Compensation (Details 2)                HTML     59K 
24: R73         Stock-Based Compensation (Details 3)                HTML     66K 
94: R74         Segment Information (Details)                       HTML     81K 
33: R75         Summarized Quarterly Data (Unaudited) (Details)     HTML     85K 
26: R76         Related Party Transactions (Details)                HTML     33K 
27: R77         Fair Value Measurements (Details)                   HTML     75K 
21: R78         Insurance Recoveries and Deductibles (Details)      HTML     64K 
93: XML         IDEA XML File -- Filing Summary                      XML    151K 
18: EXCEL       IDEA Workbook of Financial Reports                  XLSX    318K 
41: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.91M 
 9: EX-101.INS  XBRL Instance -- penn-20131231                       XML   2.72M 
11: EX-101.CAL  XBRL Calculations -- penn-20131231_cal               XML    366K 
14: EX-101.DEF  XBRL Definitions -- penn-20131231_def                XML   1.69M 
12: EX-101.LAB  XBRL Labels -- penn-20131231_lab                     XML   5.34M 
13: EX-101.PRE  XBRL Presentations -- penn-20131231_pre              XML   2.55M 
10: EX-101.SCH  XBRL Schema -- penn-20131231                         XSD    434K 
30: ZIP         XBRL Zipped Folder -- 0001047469-14-001467-xbrl      Zip    414K

‘EX-101.INS’   —   XBRL Instance — penn-20131231

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<penn:SpinoffOfRealEstateAssetsThroughREITTransactionCosts id="Tag9" decimals="-5" contextRef="D2011" unitRef="USD"> 4300000 </penn:SpinoffOfRealEstateAssetsThroughREITTransactionCosts>
<penn:NumberOfFacilitiesThatWillFaceSignificantCompetition id="Tag10" decimals="INF" contextRef="D2013" unitRef="Facility"> 2 </penn:NumberOfFacilitiesThatWillFaceSignificantCompetition>
<penn:NumberOfFacilitiesInSpecifiedLocationOneThatWillFaceSignificantCompetition id="Tag11" decimals="INF" contextRef="D2013" unitRef="Facility"> 1 </penn:NumberOfFacilitiesInSpecifiedLocationOneThatWillFaceSignificantCompetition>
<penn:NumberOfFacilitiesInSpecifiedLocationTwoThatWillFaceSignificantCompetition id="Tag12" decimals="INF" contextRef="D2013" unitRef="Facility"> 1 </penn:NumberOfFacilitiesInSpecifiedLocationTwoThatWillFaceSignificantCompetition>
<us-gaap:UnusualOrInfrequentItemLossGross id="Tag13" decimals="-5" contextRef="D2013_TornadoMember_HollywoodCasinoStLouisMember" unitRef="USD"> 2500000 </us-gaap:UnusualOrInfrequentItemLossGross>
<us-gaap:UnusualOrInfrequentItemLossGross id="Tag14" decimals="-5" contextRef="D2011_FloodMember_HollywoodCasinoTunicaFloodMember" unitRef="USD"> 5200000 </us-gaap:UnusualOrInfrequentItemLossGross>
<us-gaap:UnusualOrInfrequentItemGainGross id="Tag15" decimals="-5" contextRef="D2011_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 18500000 </us-gaap:UnusualOrInfrequentItemGainGross>
<us-gaap:UnusualOrInfrequentItemGainGross id="Tag16" decimals="-5" contextRef="D2012_FloodMember_HollywoodCasinoTunicaFloodMember" unitRef="USD"> 7200000 </us-gaap:UnusualOrInfrequentItemGainGross>
<us-gaap:DebtInstrumentFaceAmount id="Tag17" decimals="-6" contextRef="I2013_TexasJointVentureMember" unitRef="USD"> 375000000 </us-gaap:DebtInstrumentFaceAmount>
<us-gaap:PromotionalAllowances id="Tag18" decimals="-3" contextRef="D2011_OtherServicesMember" unitRef="USD"> 10483000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag19" decimals="-3" contextRef="D2011" unitRef="USD"> 141816000 </us-gaap:PromotionalAllowances>
<penn:CostOfComplimentaryServices id="Tag20" decimals="-3" contextRef="D2013_RoomsMember" unitRef="USD"> 12565000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag21" decimals="-3" contextRef="D2013_FoodAndBeverageMember" unitRef="USD"> 85257000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag22" decimals="-3" contextRef="D2013_OtherServicesMember" unitRef="USD"> 6480000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag23" decimals="-3" contextRef="D2013" unitRef="USD"> 104302000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag24" decimals="-3" contextRef="D2012_RoomsMember" unitRef="USD"> 9814000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag25" decimals="-3" contextRef="D2012_FoodAndBeverageMember" unitRef="USD"> 74263000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag26" decimals="-3" contextRef="D2012_OtherServicesMember" unitRef="USD"> 6056000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag27" decimals="-3" contextRef="D2012" unitRef="USD"> 90133000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag28" decimals="-3" contextRef="D2011_RoomsMember" unitRef="USD"> 9149000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag29" decimals="-3" contextRef="D2011_FoodAndBeverageMember" unitRef="USD"> 76357000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag30" decimals="-3" contextRef="D2011_OtherServicesMember" unitRef="USD"> 6430000 </penn:CostOfComplimentaryServices>
<penn:CostOfComplimentaryServices id="Tag31" decimals="-3" contextRef="D2011" unitRef="USD"> 91936000 </penn:CostOfComplimentaryServices>
<penn:GamingExpense id="Tag32" decimals="-7" contextRef="D2013" unitRef="USD"> 1020000000 </penn:GamingExpense>
<penn:GamingExpense id="Tag33" decimals="-7" contextRef="D2012" unitRef="USD"> 1070000000 </penn:GamingExpense>
<penn:GamingExpense id="Tag34" decimals="-7" contextRef="D2011" unitRef="USD"> 1060000000 </penn:GamingExpense>
<us-gaap:NetIncomeLoss id="Tag35" decimals="-3" contextRef="D2012" unitRef="USD"> 211971000 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss id="Tag36" decimals="-3" contextRef="D2011" unitRef="USD"> 242351000 </us-gaap:NetIncomeLoss>
<us-gaap:PreferredStockDividendsAndOtherAdjustments id="Tag37" decimals="-3" contextRef="D2012" unitRef="USD"> 41023000 </us-gaap:PreferredStockDividendsAndOtherAdjustments>
<us-gaap:PreferredStockDividendsAndOtherAdjustments id="Tag38" decimals="-3" contextRef="D2011" unitRef="USD"> 46101000 </us-gaap:PreferredStockDividendsAndOtherAdjustments>
<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic id="Tag39" decimals="-3" contextRef="D2012" unitRef="USD"> 170948000 </us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic id="Tag40" decimals="-3" contextRef="D2011" unitRef="USD"> 196250000 </us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic id="Tag41" decimals="-3" contextRef="D2012" unitRef="Shares"> 76345000 </us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic id="Tag42" decimals="-3" contextRef="D2011" unitRef="Shares"> 77991000 </us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements id="Tag43" decimals="-3" contextRef="D2012" unitRef="Shares"> 2305000 </us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements id="Tag44" decimals="-3" contextRef="D2011" unitRef="Shares"> 1616000 </us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
<penn:IncrementalCommonSharesAttributableToConversionOfRestrictedStock id="Tag45" decimals="-3" contextRef="D2012" unitRef="Shares"> 159000 </penn:IncrementalCommonSharesAttributableToConversionOfRestrictedStock>
<penn:IncrementalCommonSharesAttributableToConversionOfRestrictedStock id="Tag46" decimals="-3" contextRef="D2011" unitRef="Shares"> 166000 </penn:IncrementalCommonSharesAttributableToConversionOfRestrictedStock>
<us-gaap:IncrementalCommonSharesAttributableToConversionOfPreferredStock id="Tag47" decimals="-3" contextRef="D2012" unitRef="Shares"> 24995000 </us-gaap:IncrementalCommonSharesAttributableToConversionOfPreferredStock>
<us-gaap:IncrementalCommonSharesAttributableToConversionOfPreferredStock id="Tag48" decimals="-3" contextRef="D2011" unitRef="Shares"> 27278000 </us-gaap:IncrementalCommonSharesAttributableToConversionOfPreferredStock>
<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding id="Tag49" decimals="-3" contextRef="D2012" unitRef="Shares"> 103804000 </us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding id="Tag50" decimals="-3" contextRef="D2011" unitRef="Shares"> 107051000 </us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
<us-gaap:SharePrice id="Tag51" decimals="0" contextRef="I2013_SeriesBPreferredStockMember_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceLessThan45DollarsMember" unitRef="USDPerShare"> 45 </us-gaap:SharePrice>
<us-gaap:SharePrice id="Tag52" decimals="0" contextRef="I2013_SeriesBPreferredStockMember_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceMoreThan67DollarsMember" unitRef="USDPerShare"> 67 </us-gaap:SharePrice>
<us-gaap:SharePrice id="Tag53" decimals="0" contextRef="I2013_SeriesBPreferredStockMember_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceBetween45And67DollarsMember_MinimumMember" unitRef="USDPerShare"> 45 </us-gaap:SharePrice>
<us-gaap:SharePrice id="Tag54" decimals="0" contextRef="I2013_SeriesBPreferredStockMember_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceBetween45And67DollarsMember_MaximumMember" unitRef="USDPerShare"> 67 </us-gaap:SharePrice>
<penn:WeightedAverageNumberOfDilutedSharesOutstandingIncrease id="Tag55" decimals="INF" contextRef="D2013_SeriesBPreferredStockMember_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceLessThan45DollarsMember" unitRef="Shares"> 26777778 </penn:WeightedAverageNumberOfDilutedSharesOutstandingIncrease>
<penn:WeightedAverageNumberOfDilutedSharesOutstandingIncrease id="Tag56" decimals="INF" contextRef="D2013_SeriesBPreferredStockMember_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceMoreThan67DollarsMember" unitRef="Shares"> 17985075 </penn:WeightedAverageNumberOfDilutedSharesOutstandingIncrease>
<penn:WeightedAverageNumberOfDilutedSharesOutstandingIncrease id="Tag57" decimals="INF" contextRef="D2013_SeriesBPreferredStockMember_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceBetween45And67DollarsMember_MinimumMember" unitRef="Shares"> 26777778 </penn:WeightedAverageNumberOfDilutedSharesOutstandingIncrease>
<penn:WeightedAverageNumberOfDilutedSharesOutstandingIncrease id="Tag58" decimals="INF" contextRef="D2013_SeriesBPreferredStockMember_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceBetween45And67DollarsMember_MaximumMember" unitRef="Shares"> 17985075 </penn:WeightedAverageNumberOfDilutedSharesOutstandingIncrease>
<us-gaap:PreferredStockRedemptionAmount id="Tag59" decimals="-6" contextRef="I2013_DilutedWeightedAverageCommonSharesAdjustmentIfCommonStockPriceBetween45And67DollarsMember_SeriesBPreferredStockMember" unitRef="USD"> 1205000000 </us-gaap:PreferredStockRedemptionAmount>
<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic id="Tag60" decimals="-3" contextRef="D2013" unitRef="Shares"> 78111000 </us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount id="Tag61" decimals="INF" contextRef="D2012" unitRef="Shares"> 1693500 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount id="Tag62" decimals="INF" contextRef="D2011" unitRef="Shares"> 3004402 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<us-gaap:EarningsPerShareBasic id="Tag63" decimals="2" contextRef="D2012" unitRef="USDPerShare"> 2.24 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareBasic id="Tag64" decimals="2" contextRef="D2011" unitRef="USDPerShare"> 2.52 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareDiluted id="Tag65" decimals="2" contextRef="D2012" unitRef="USDPerShare"> 2.04 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted id="Tag66" decimals="2" contextRef="D2011" unitRef="USDPerShare"> 2.26 </us-gaap:EarningsPerShareDiluted>
<penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateBasedOnPastPerformance id="Tag67" contextRef="D2013"> P6Y6M25D </penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateBasedOnPastPerformance>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="Tag68" decimals="4" contextRef="D2012" unitRef="Pure"> 0.0084 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="Tag69" decimals="4" contextRef="D2011" unitRef="Pure"> 0.0104 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="Tag70" decimals="4" contextRef="D2013" unitRef="Pure"> 0.0108 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="Tag71" decimals="4" contextRef="D2012" unitRef="Pure"> 0.4578 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="Tag72" decimals="4" contextRef="D2011" unitRef="Pure"> 0.4760 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="Tag73" decimals="4" contextRef="D2013" unitRef="Pure"> 0.4627 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate id="Tag74" decimals="4" contextRef="D2013" unitRef="Pure"> 0.0000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="Tag75" contextRef="D2012"> P6Y7M20D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="Tag76" contextRef="D2011"> P5Y9M25D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="Tag77" contextRef="D2013"> P6Y6M25D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:NumberOfReportableSegments id="Tag78" decimals="INF" contextRef="D2013" unitRef="Segment"> 3 </us-gaap:NumberOfReportableSegments>
<penn:JointVentureOwnershipInterestPercentage id="Tag79" decimals="INF" contextRef="I2013_KansasEntertainmentLLCMember" unitRef="Pure"> 0.50 </penn:JointVentureOwnershipInterestPercentage>
<penn:NumberOfFacilities id="Tag80" decimals="INF" contextRef="I2013" unitRef="Facility"> 26 </penn:NumberOfFacilities>
<penn:NumberOfJurisdictionsInWhichEntityOperates id="Tag81" decimals="INF" contextRef="I2013" unitRef="Jurisdiction"> 17 </penn:NumberOfJurisdictionsInWhichEntityOperates>
<penn:NumberOfPubliclyTradedCompanies id="Tag82" decimals="INF" contextRef="D2013" unitRef="Company"> 2 </penn:NumberOfPubliclyTradedCompanies>
<penn:SpinoffOfRealEstateAssetsThroughREITNumberOfCommonStockDistributedToHolders id="Tag83" decimals="INF" contextRef="D2013Q4_M1101" unitRef="Shares"> 1 </penn:SpinoffOfRealEstateAssetsThroughREITNumberOfCommonStockDistributedToHolders>
<penn:SpinoffOfRealEstateAssetsThroughREITNumberOfSharesOfSeriesCPreferredStockEntitledOneShareOfCommonStock id="Tag84" decimals="3" contextRef="D2013Q4_M1101" unitRef="Pure"> 0.001 </penn:SpinoffOfRealEstateAssetsThroughREITNumberOfSharesOfSeriesCPreferredStockEntitledOneShareOfCommonStock>
<penn:PercentageOfCommonStockRequiredToOwnToQualifyAsRealEstateInvestmentTrust id="Tag85" decimals="3" contextRef="D2013Q4_M1101" unitRef="Pure"> 0.099 </penn:PercentageOfCommonStockRequiredToOwnToQualifyAsRealEstateInvestmentTrust>
<penn:MasterLeasesAgreementPeriodOfLease id="Tag86" contextRef="D2013Q4_M1101"> P15Y </penn:MasterLeasesAgreementPeriodOfLease>
<penn:LeaseRenewalOptionsNumber id="Tag87" decimals="INF" contextRef="D2013Q4_M1101" unitRef="Renewal_Option"> 4 </penn:LeaseRenewalOptionsNumber>
<penn:NumberOfNonCasinoRacetracks id="Tag88" decimals="INF" contextRef="D2013Q4_M1101" unitRef="Facility"> 7 </penn:NumberOfNonCasinoRacetracks>
<penn:LeaseRenewalOptionsTerm id="Tag89" contextRef="D2013Q4_M1101"> P5Y </penn:LeaseRenewalOptionsTerm>
<us-gaap:CashAndCashEquivalentsPolicyTextBlock id="Tag90" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Cash and Cash Equivalents</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company considers all cash balances and highly-liquid investments with original maturities of three months or less to be cash and cash equivalents.</font></p> </div>
</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
<us-gaap:ConcentrationRiskCreditRisk id="Tag91" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Concentration of Credit Risk</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Financial instruments that subject the Company to credit risk consist of cash and cash equivalents, corporate debt securities, interest rate swap contracts and accounts receivable.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's policy is to limit the amount of credit exposure to any one financial institution, and place investments with financial institutions evaluated as being creditworthy, or in short-term money market and tax-free bond funds which are exposed to minimal interest rate and credit risk. The Company has bank deposits and overnight repurchase agreements that exceed federally-insured limits.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Concentration of credit risk, with respect to casino receivables, is limited through the Company's credit evaluation process. The Company issues markers to approved casino customers only following credit checks and investigations of creditworthiness. Marker balances issued to approved casino customers were $4.3 million at December 31, 2013, compared to $6.7 million at December 31, 2012.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's receivables of $52.5 million and $53.7 million at December 31, 2013 and 2012, respectively, primarily consist of $4.8 million and $5.1 million, respectively, due from the West Virginia Lottery for gaming revenue settlements and capital reinvestment projects at Hollywood Casino at Charles Town Races, $10.3 million and $11.8 million, respectively, for reimbursement of expenses paid on behalf of Casino Rama, $2.5 million and $4.0 million, respectively, for racing settlements due from simulcasting at Hollywood Casino at Penn National Race Course, $3.3 million and $3.8 million, respectively, for reimbursement of payroll expenses paid on behalf of the Company's joint venture in Kansas, $6.5 million of tax obligations in 2013 that will be reimbursed by GLPI, and markers issued to customers mentioned above.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Accounts are written off when management determines that an account is uncollectible. Recoveries of accounts previously written off are recorded when received. 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, and current economic and business conditions. Historically, the Company has not incurred any significant credit-related losses.</font></p> </div>
</us-gaap:ConcentrationRiskCreditRisk>
<us-gaap:FairValueOfFinancialInstrumentsPolicy id="Tag92" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Fair Value of Financial Instruments</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following methods and assumptions are used to estimate the fair value of each class of financial instruments for which it is practicable to estimate:</font></p> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><i>Cash and Cash Equivalents</i></font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The fair value of the Company's cash and cash equivalents approximates the carrying value of the Company's cash and cash equivalents, due to the short maturity of the cash equivalents.</font></p> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><i>Investment in Corporate Debt Securities</i></font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The fair value of the investment in corporate debt securities is estimated based on a third party broker quote. The investment in corporate debt securities is measured at fair value on a recurring basis. As described in Note 10, the investment in corporate debt securities was redeemed in 2013.</font></p> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><i>Long-term Debt</i></font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The fair value of the Company's Term Loan B component of its new and previous senior secured credit facility, senior unsecured notes (which were issued in October 2013), and senior subordinated notes (which were redeemed in October 2013) is estimated based on quoted prices in active markets and as such is a Level 1 measurement (see Note 19). The fair value of the remainder of the Company's new and previous senior secured credit facility approximates its carrying value as it is variable rate debt. The fair value of the Company's other long-term obligations approximates its carrying value, which was repaid in October 2013 (see Note 11).</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The estimated fair values of the Company's financial instruments are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Carrying<br /> Amount</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Fair<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Carrying<br /> Amount</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Fair<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Financial assets:</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Cash and cash equivalents</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">292,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">292,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">260,467</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">260,467</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Investment in corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Financial liabilities:</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Long-term debt</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior secured credit facility</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">748,777</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">748,150</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,393,459</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,401,225</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior unsecured notes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">300,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">297,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior subordinated notes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">325,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">368,875</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Other long-term obligations</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        See Note 19 for further information regarding the Company's assessment of the inputs used to measure the fair value for the investment in corporate debt securities.</font></p> </div>
</us-gaap:FairValueOfFinancialInstrumentsPolicy>
<us-gaap:PropertyPlantAndEquipmentPolicyTextBlock id="Tag93" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Property and Equipment</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Property and equipment are stated at cost, less accumulated depreciation. Maintenance and repairs that neither add materially to the value of the asset nor appreciably prolong its useful life are charged to expense as incurred. Gains or losses on the disposal of property and equipment are included in the determination of income.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Depreciation of property and equipment is recorded using the straight-line method over the following estimated useful lives:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="75" align="right"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Land improvements</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5 to 15 years</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Building and improvements</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5 to 40 years</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Furniture, fixtures, and equipment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3 to 31 years</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        Leasehold improvements are depreciated over the shorter of the estimated useful life of the improvement or the related lease term.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The estimated useful lives are determined based on the nature of the assets as well as the Company's current operating strategy.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company reviews the carrying value of its property and equipment for possible impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable based on undiscounted estimated future cash flows expected to result from its use and eventual disposition. The factors considered by the Company in performing this assessment include current operating results, trends and prospects, as well as the effect of obsolescence, demand, competition and other economic factors. In estimating expected future cash flows for determining whether an asset is impaired, assets are grouped at the individual property level. In assessing the recoverability of the carrying value of property and equipment, the Company must make assumptions regarding future cash flows and other factors. If these estimates or the related assumptions change in the future, the Company may be required to record an impairment loss for these assets. Such an impairment loss would be recognized as a non-cash component of operating income.</font></p> </div>
</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
<us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock id="Tag94" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Goodwill and Other Intangible Assets</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        At December 31, 2013, the Company had $492.4 million in goodwill and $359.6 million in other intangible assets within its consolidated balance sheet, representing 22.5% and 16.5% of total assets, respectively, resulting from the Company's acquisition of other businesses and payment for gaming licenses and racing permits. Two issues arise with respect to these assets that require significant management estimates and judgment: (i) the valuation in connection with the initial purchase price allocation; and (ii) the ongoing evaluation for impairment.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In connection with the Company's acquisitions, valuations are completed to determine the allocation of the purchase prices. The factors considered in the valuations include data gathered as a result of the Company's due diligence in connection with the acquisitions, projections for future operations, and data obtained from third-party valuation specialists as deemed appropriate. Goodwill is tested annually, or more frequently if indicators of impairment exist, for impairment by comparing the fair value of the reporting units to their carrying amount. If the carrying amount of a reporting unit exceeds its fair value in step 1 of the impairment test, then step 2 of the impairment test is performed to determine the implied value of goodwill for that reporting unit. If the implied value of goodwill is less than the goodwill allocated for that reporting unit, an impairment loss is recognized.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In accordance with Financial Accounting Standards Board (the "FASB") Accounting Standards Codification ("ASC") 350, "Intangibles-Goodwill and Other," the Company considers its gaming licenses, racing permits, and the majority of its trademark intangible assets as indefinite-life intangible assets that do not require amortization based on the Company's future expectations to operate its gaming facilities indefinitely (not withstanding the recent events in Iowa which the Company concluded was an isolated incident and the first time in the Company's history a gaming regulator has taken an action which could cause it to lose its gaming license) as well as its historical experience in renewing these intangible assets at minimal cost with various state gaming and racing commissions. Rather, these intangible assets are tested annually for impairment, or more frequently if indicators of impairment exist, by comparing the fair value of the recorded assets to their carrying amount. If the carrying amounts of the indefinite-life intangible assets exceed their fair value, an impairment loss is recognized. The Company completes its testing of its intangible assets prior to assessing the realizability of its goodwill.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company assessed the fair value of its indefinite-life intangible assets (which is primarily gaming licenses) using the Greenfield Method under the income approach. The Greenfield Method estimates the fair value of the license assuming the Company built a casino with similar utility to that of the existing facility. The method assumes a theoretical start-up company going into business without any assets other than the intangible asset being valued. As such, the value of the license is a function of the following items:</font></p> <ul> <li style="list-style: none;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Projected revenues and operating cash flows (including an allocation of the Company's projected rental obligation to its reporting units);</font> <font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Theoretical construction costs and duration;</font> <font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Pre-opening expenses;</font> <font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Discounting that reflects the level of risk associated with receiving future cash flows attributable to the license; and</font></dd></dl></li></ul> <ul> <li style="list-style: none;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Remaining useful life of the license.</font></dd></dl></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The evaluation of goodwill and indefinite-life intangible assets requires the use of estimates about future operating results of each reporting unit to determine the estimated fair value of the reporting unit and the indefinite-lived intangible assets. The Company must make various assumptions and estimates in performing its impairment testing. The implied fair value includes estimates of future cash flows (including an allocation of the Company's projected rental obligation to its reporting units) that are based on reasonable and supportable assumptions which represent the Company's best estimates of the cash flows expected to result from the use of the assets including their eventual disposition. Changes in estimates, increases in the Company's cost of capital, reductions in transaction multiples, changes in operating and capital expenditure assumptions or application of alternative assumptions and definitions could produce significantly different results. Future cash flow estimates are, by their nature, subjective and actual results may differ materially from the Company's estimates. If the Company's ongoing estimates of future cash flows are not met, the Company may have to record additional impairment charges in future accounting periods. The Company's estimates of cash flows are based on the current regulatory and economic climates, recent operating information and budgets of the various properties where it conducts operations. These estimates could be negatively impacted by changes in federal, state or local regulations, economic downturns, or other events affecting the Company's properties.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Forecasted cash flows (based on the Company's annual operating plan as determined in the fourth quarter) can be significantly impacted by the local economy in which its reporting units operate. For example, increases in unemployment rates can result in decreased customer visitations and/or lower customer spend per visit. In addition, the impact of new legislation which approves gaming in nearby jurisdictions or further expands gaming in jurisdictions where the Company's reporting units currently operate can result in opportunities for the Company to expand its operations. However, it also has the impact of increasing competition for the Company's established properties which generally will have a negative effect on those locations' profitability once competitors become established as a certain level of cannibalization occurs absent an overall increase in customer visitations. Lastly, increases in gaming taxes approved by state regulatory bodies can negatively impact forecasted cash flows.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Assumptions and estimates about future cash flow levels and multiples by individual reporting units are complex and subjective. They are sensitive to changes in underlying assumptions and can be affected by a variety of factors, including external factors, such as industry, geopolitical and economic trends, and internal factors, such as changes in the Company's business strategy, which may reallocate capital and resources to different or new opportunities which management believes will enhance its overall value but may be to the detriment of an individual reporting unit.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Once an impairment of goodwill or other indefinite-life intangible assets has been recorded, it cannot be reversed. Because the Company's goodwill and indefinite-life intangible assets are not amortized, there may be volatility in reported income because impairment losses, if any, are likely to occur irregularly and in varying amounts. Intangible assets that have a definite-life are amortized on a straight-line basis over their estimated useful lives or related service contract. The Company reviews the carrying value of its intangible assets that have a definite-life for possible impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. If the carrying amount of the intangible assets that have a definite-life exceed their fair value, an impairment loss is recognized.</font></p> </div>
</us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock>
<us-gaap:DebtPolicyTextBlock id="Tag95" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Debt Issuance Costs</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Debt issuance costs that are incurred by the Company in connection with the issuance of debt are deferred and amortized to interest expense using the effective interest method over the contractual term of the underlying indebtedness.</font></p> </div>
</us-gaap:DebtPolicyTextBlock>
<us-gaap:StockholdersEquityPolicyTextBlock id="Tag96" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Comprehensive Income</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company accounts for comprehensive income in accordance with ASC 220, "Comprehensive Income," which establishes standards for the reporting and presentation of comprehensive income in the consolidated financial statements. The Company presents comprehensive income in two separate but consecutive statements.</font></p> </div>
</us-gaap:StockholdersEquityPolicyTextBlock>
<us-gaap:IncomeTaxPolicyTextBlock id="Tag97" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Income Taxes</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company accounts for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740"). Under ASC 740, deferred tax assets and liabilities are determined based on the differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities and are measured at the prevailing enacted tax rates that will be in effect when these differences are settled or realized. ASC 740 also requires that deferred tax assets be reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The realizability of the deferred tax assets is evaluated quarterly by assessing the valuation allowance and by adjusting the amount of the allowance, if necessary. The factors used to assess the likelihood of realization are the forecast of future taxable income and available tax planning strategies that could be implemented to realize the net deferred tax assets. The Company has used tax-planning strategies to realize or renew net deferred tax assets in order to avoid the potential loss of future tax benefits.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        ASC 740 also creates a single model to address uncertainty in tax positions, and clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in an enterprise's financial statements. It also provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. The liability for unrecognized tax benefits is included in noncurrent tax liabilities within the consolidated balance sheets at December 31, 2013 and 2012.</font></p> </div>
</us-gaap:IncomeTaxPolicyTextBlock>
<us-gaap:DerivativesPolicyTextBlock id="Tag98" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Accounting for Derivatives and Hedging Activities</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has historically utilized fixed and variable-rate debt to finance its operations. Both funding sources have associated risks and opportunities, such as interest rate exposure, and the Company's risk management policy permits the use of derivatives to manage this exposure. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Thus, uses of derivatives are strictly limited to hedging and risk management purposes in connection with managing interest rate exposure. Acceptable derivatives for this purpose include interest rate swap contracts, futures, options, caps, and similar instruments.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        When using derivatives, the Company has historically desired to obtain hedge accounting, which is conditional upon satisfying specific documentation and performance criteria. In particular, the underlying hedged item must expose the Company to risks associated with market fluctuations and the instrument used as the hedging derivative must generate offsetting effects in prescribed magnitudes. If these criteria are not met, a change in the market value of the financial instrument and all associated settlements would be recognized as gains or losses in the period of change.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Under cash flow hedge accounting, effective derivative results are initially recorded in other comprehensive income ("OCI") and later reclassified to earnings, coinciding with the income recognition relating to the variable interest payments being hedged (i.e., when the interest expense on the variable-rate liability is recorded in earnings). Any hedge ineffectiveness (which represents the amount by which hedge results exceed the variability in the cash flows of the forecasted transaction due to the risk being hedged) is recorded in current period earnings. Under cash flow hedge accounting, derivatives are included in the consolidated balance sheets as assets or liabilities at fair value.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Previously, the Company had a number of interest rate swap contracts in place. These contracts served to mitigate income volatility for a portion of the Company's variable-rate funding. In effect, these interest rate swap contracts synthetically converted the portion of variable-rate debt being hedged to the equivalent of fixed-rate funding. Under the terms of the swap contracts, the Company received cash flows from the swap contract counterparties to offset the benchmark interest rate component of variable interest payments on the hedged financings, in exchange for paying cash flows based on the swap contracts' fixed rates. These two respective obligations were net-settled periodically. The fair value of the Company's interest rate swap contracts was measured at the present value of all expected future cash flows based on the LIBOR-based swap yield curve as of the date of the valuation, subject to a credit adjustment to the LIBOR-based yield curve's implied discount rates. The credit adjustment reflected the Company's best estimate as to the Company's credit quality. There were no outstanding interest rate swap contracts as of December 31, 2013, 2012 and 2011.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Effective July 1, 2011, the Company de-designated its interest rate swap contracts that historically qualified for cash flow hedge accounting. This was due to the senior secured credit facility that the Company entered into in July 2011. As a result, the loss in OCI related to these swaps of $4.7 million was amortized to interest expense over the swaps remaining lives. The total notional value of these swaps was $440 million, with $200 million expiring in October 2011 and the remainder maturing in December 2011. Subsequent to the de-designation date of July 1, 2011, the Company had accounted for changes in the fair value of these derivatives in earnings as a component of interest expense in the consolidated statements of income. In addition, the Company had certain other derivative instruments that were not designated to qualify for hedge accounting, which expired in May 2011. The periodic change in the mark-to-market of these derivative instruments had been recorded in current period earnings in interest expense in the consolidated statements of income.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Credit risk relating to derivative counterparties is mitigated by using multiple, highly rated counterparties, and the credit quality of each is monitored on an ongoing basis.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        See Note 11 for additional information related to the Company's derivatives.</font></p> </div>
</us-gaap:DerivativesPolicyTextBlock>
<us-gaap:RevenueRecognitionPolicyTextBlock id="Tag99" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Revenue Recognition and Promotional Allowances</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Gaming revenue is the aggregate net difference between gaming wins and losses, with liabilities recognized for funds deposited by customers before gaming play occurs, for chips and "ticket-in, ticket-out" coupons in the customers' possession, and for accruals related to the anticipated payout of progressive jackpots. Progressive slot machines, which contain base jackpots that increase at a progressive rate based on the amounts played, are charged to revenue as the amount of the jackpots increase.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Food, beverage and other revenue, including racing revenue, is recognized as services are performed. Racing revenue includes the Company's share of pari-mutuel wagering on live races after payment of amounts returned as winning wagers, its share of wagering from import and export simulcasting, and its share of wagering from its off-track wagering facilities ("OTWs").</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Revenue from the management service contract for Casino Rama is based upon contracted terms and is recognized when services are performed.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Revenues are recognized net of certain sales incentives in accordance with ASC 605-50, "Revenue Recognition—Customer Payments and Incentives." The Company records certain sales incentives and points earned in point-loyalty programs as a reduction of revenue.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The retail value of accommodations, food and beverage, and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances is primarily included in food, beverage and other expense.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The amounts included in promotional allowances for the years ended December 31, 2013, 2012 and 2011 are as follows:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Rooms</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">36,132</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">26,612</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,646</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Food and beverage</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">123,263</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">108,250</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">106,687</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">11,244</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,878</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,483</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total promotional allowances</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">170,639</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">144,740</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">141,816</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The estimated cost of providing such complimentary services for the years ended December 31, 2013, 2012 and 2011 are as follows:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Rooms</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">12,565</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,814</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,149</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Food and beverage</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">85,257</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">74,263</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">76,357</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,480</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,056</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,430</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total cost of complimentary services</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">104,302</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">90,133</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">91,936</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> </div>
</us-gaap:RevenueRecognitionPolicyTextBlock>
<penn:GamingTaxesPolicyTextBlock id="Tag100" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Gaming and Racing Taxes</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is subject to gaming and pari-mutuel taxes based on gross gaming revenue and pari-mutuel revenue in the jurisdictions in which it operates. The Company primarily recognizes gaming and pari-mutuel tax expense based on the statutorily required percentage of revenue that is required to be paid to state and local jurisdictions in the states where or in which wagering occurs. In certain states in which the Company operates, gaming taxes are based on graduated rates. The Company records gaming tax expense at the Company's estimated effective gaming tax rate for the year, considering estimated taxable gaming revenue and the applicable rates. Such estimates are adjusted each interim period. If gaming tax rates change during the year, such changes are applied prospectively in the determination of gaming tax expense in future interim periods. Finally, the Company recognizes purse expense based on the statutorily required percentage of revenue that is required to be paid out in the form of purses to the winning owners of horse races run at the Company's racetracks in the period in which wagering occurs. For the years ended December 31, 2013, 2012 and 2011, these expenses, which are recorded primarily within gaming expense in the consolidated statements of operations, were $1.02 billion, $1.07 billion, and $1.06 billion, respectively.</font></p> </div>
</penn:GamingTaxesPolicyTextBlock>
<us-gaap:EarningsPerSharePolicyTextBlock id="Tag101" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Earnings Per Share</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company calculates earnings per share ("EPS") in accordance with ASC 260, "Earnings Per Share" ("ASC 260"). Basic EPS is computed by dividing net income applicable to common stock by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the additional dilution for all potentially-dilutive securities such as stock options and unvested restricted shares.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At December 31, 2013, the Company had outstanding 8,624 shares of Series C Preferred Stock and at December 31, 2012 and 2011, had outstanding 12,275 of Series B Redeemable Preferred Stock ("Series B Preferred Stock"). The Company determined that both classes of preferred stock qualified as a participating security as defined in ASC 260 since these securities participate in dividends with the Company's common stock. Under ASC 260, a security is considered a participating security if the security may participate in undistributed earnings with common stock, whether that participation is conditioned upon the occurrence of a specified event or not. In accordance with ASC 260, a company is required to use the two-class method when computing EPS when a company has a security that qualifies as a "participating security." The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. A participating security is included in the computation of basic EPS using the two-class method. Under the two-class method, basic EPS for the Company's common stock is computed by dividing net income applicable to common stock by the weighted-average common shares outstanding during the period. Diluted EPS for the Company's common stock is computed using the more dilutive of the two-class method or the if-converted method.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Since the Company's preferred shareholders are not obligated to fund the losses of the Company nor is the contractual principal of the Series C Preferred Stock reduced as a result of losses incurred by the Company, no allocation of the Company's undistributed losses resulting from the net loss for the year ended December 31, 2013 is required. As such, since the Company reported a net loss for the year ended December 31, 2013, it was required by ASC 260 to use basic weighted-average common shares outstanding, rather than diluted weighted-average common shares outstanding, when calculating diluted EPS.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table sets forth the allocation of net income for the years ended December 31, 2012 and 2011 under the two-class method:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 88pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December, 31 <!-- COMMAND=ADD_SCROPPEDRULE,88pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">211,971</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">242,351</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income applicable to preferred stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">41,023</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46,101</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income applicable to common stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">170,948</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">196,250</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The following table reconciles 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 for the years ended December 31, 2012 and 2011:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Determination of shares:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">76,345</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">77,991</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of dilutive employee stock-based awards</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,305</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,616</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of restricted stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">159</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">166</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of preferred stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">27,278</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">103,804</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">107,051</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        For the Series B Preferred Stock, the Company was required to adjust its diluted weighted-average common shares outstanding for the purpose of calculating diluted EPS as follows: 1) when the price of the Company's common stock at the end of the reporting period was less than $45, the diluted weighted-average common shares outstanding was increased by 26,777,778 shares (regardless of how much the stock price was below $45); 2) when the price of the Company's common stock at the end of the reporting period was between $45 and $67, the diluted weighted-average common shares outstanding was increased by an amount which was calculated by dividing $1.205 billion (face value) by the current price per share of the Company's common stock, which resulted in an increase in the diluted weighted-average common shares outstanding of between 17,985,075 shares and 26,777,778 shares; and 3) when the price of the Company's common stock at the end of the reporting period was above $67, the diluted weighted-average common shares outstanding was increased by 17,985,075 shares (regardless of how much the stock price exceeded $67).</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Options to purchase 7,316,713 shares, 1,693,500 shares and 3,004,402 shares were outstanding during the years ended December 31, 2013, 2012 and 2011, respectively, but were not included in the computation of diluted EPS because they were antidilutive.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table presents the calculation of basic and diluted EPS for the Company's common stock:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands, except<br /> per share data)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Calculation of basic EPS:</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net (loss) income applicable to common stock</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(794,339</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">170,948</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">196,250</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">78,111</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">76,345</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">77,991</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Basic EPS</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(10.17</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.24</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.52</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Calculation of diluted EPS:</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net (loss) income</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(794,339</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">211,971</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">242,351</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">78,111</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">103,804</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">107,051</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted EPS</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(10.17</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.04</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.26</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> </div>
</us-gaap:EarningsPerSharePolicyTextBlock>
<us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy id="Tag102" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Stock-Based Compensation</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company accounts for stock compensation under ASC 718, "Compensation-Stock Compensation," which requires the Company to expense the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. This expense is recognized ratably over the requisite service period following the date of grant.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The fair value for stock options was estimated at the date of grant using the Black-Scholes option-pricing model, which requires management to make certain assumptions. The risk-free interest rate was based on the U.S. Treasury spot rate with a term equal to the expected life assumed at the date of grant. Expected volatility was estimated based on the historical volatility of the Company's stock price over a period of 6.57 years, in order to match the expected life of the options at the grant date. Historically, at the grant date, there has been no expected dividend yield assumption since the Company has not paid any cash dividends on its common stock since its initial public offering in May 1994 and since the Company intends to retain all of its earnings to finance the development of its business for the foreseeable future. The weighted-average expected life was based on the contractual term of the stock option and expected employee exercise dates, which was based on the historical and expected exercise behavior of the Company's employees.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following are the weighted-average assumptions used in the Black-Scholes option-pricing model at December 31, 2013, 2012 and 2011:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Risk-free interest rate</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.08</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.84</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.04</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Expected volatility</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46.27</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">45.78</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">47.60</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Dividend yield</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average expected life (years)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.57</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.64</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5.82</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        See Note 15 for a discussion on the impact of the Spin-Off on the Company's stock-based equity awards.</font></p> </div>
</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
<us-gaap:SegmentReportingPolicyPolicyTextBlock id="Tag103" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Segment Information</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's Chief Executive Officer, who is the Company's Chief Operating Decision Maker ("CODM") as that term is defined in ASC 280, "Segment Reporting" ("ASC 280"), measures and assesses the Company's business performance based on regional operations of various properties grouped together based primarily on their geographic locations. Therefore, the Company aggregates its properties into three reportable segments: (i) Midwest, (ii) East/West, and (iii) Southern Plains.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Midwest reportable segment consists of the following properties: Hollywood Casino Lawrenceburg, Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Toledo, which opened on May 29, 2012, and Hollywood Casino Columbus, which opened on October 8, 2012. It also includes the Company's Casino Rama management service contract and the Mahoning Valley and Dayton Raceway projects in Ohio which the Company anticipates completing in 2014.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The East/West reportable segment consists of the following properties: Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Zia Park Casino, and the M Resort. It also included Hollywood Casino Perryville, which, as part of the Spin-Off, was contributed to GLPI on November 1, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Southern Plains reportable segment consists of the following properties: Argosy Casino Riverside, Argosy Casino Sioux City, Hollywood Casino Tunica, Hollywood Casino Bay St. Louis, Boomtown Biloxi, Hollywood Casino St. Louis (formerly Harrah's St. Louis which was acquired from Caesars Entertainment on November 2, 2012), and includes the Company's 50% investment in Kansas Entertainment, LLC ("Kansas Entertainment"), which owns the Hollywood Casino at Kansas Speedway that opened on February 3, 2012. It also included Hollywood Casino Baton Rouge, which, as part of the Spin-Off, was contributed to GLPI on November 1, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Other category consists of the Company's standalone racing operations, namely Beulah Park, Raceway Park, Rosecroft Raceway, Sanford-Orlando Kennel Club, and the Company's joint venture interests in Sam Houston Race Park, Valley Race Park and Freehold Raceway. It also included the Company's joint venture interest in the Maryland Jockey Club which was sold in July 2011 and its Bullwhackers property which was sold in July 2013. If the Company is successful in obtaining gaming operations at these locations, they would be assigned to one of the Company's regional executives and reported in their respective reportable segment. The Other category also includes the Company's corporate overhead operations which does not meet the definition of an operating segment under ASC 280.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In January 2014, the Company named Jay Snowden as its Chief Operating Officer and the Company decided in connection with this decision to re-align its reporting structure. Starting in 2014, the Company's reportable segments will be: (i) East/Midwest, (ii) West, and (iii) Southern Plains. Specifically, Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, and Hollywood Casino at Penn National Race Course (previously in the East/West segment) will become part of the East/Midwest segment, and Hollywood Casino Aurora, Hollywood Casino Joliet, and Argosy Casino Alton (previously in the Midwest segment) will become part of the Southern Plains segment. The West segment will consist of Zia Park Casino and the M Resort, as well as the Jamul development project which the Company anticipates completing in early 2016. Once this re-alignment is completed, the Company will reclassify prior year amounts to conform to its new reporting structure in accordance with ASC 280.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        See Note 16 for further information with respect to the Company's segments.</font></p> </div>
</us-gaap:SegmentReportingPolicyPolicyTextBlock>
<us-gaap:UnrecognizedTaxBenefitsPeriodIncreaseDecrease id="Tag104" decimals="-3" contextRef="D2013" unitRef="USD"> -5536000 </us-gaap:UnrecognizedTaxBenefitsPeriodIncreaseDecrease>
<penn:StatementsOfCashFlowsPolicyTextBlock id="Tag105" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Statements of Cash Flows</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has presented the consolidated statements of cash flows using the indirect method, which involves the reconciliation of net (loss) income to net cash flow from operating activities.</font></p> </div>
</penn:StatementsOfCashFlowsPolicyTextBlock>
<us-gaap:BusinessCombinationsPolicy id="Tag106" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Acquisitions</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company accounts for its acquisitions in accordance with ASC 805, "Business Combinations." The results of operations of acquisitions are included in the consolidated financial statements from their respective dates of acquisition.</font></p> </div>
</us-gaap:BusinessCombinationsPolicy>
<penn:CertainRisksAndUncertaintiesPolicyTextBlock id="Tag107" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Certain Risks and Uncertainties</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company faces intense gaming competition in most of the markets where its properties operate. Various states are currently considering or implementing legislation to legalize or expand gaming. Such legislation presents potential opportunities for the Company to establish new properties; however, this also presents potential competitive threats to the Company's existing properties. For example, the Company's two facilities—one in Charles Town, West Virginia and one in Grantville, Pennsylvania—that each generated approximately 10% or more of our net revenues will face or have faced new sources of significant competition in the near term. Namely, Hollywood Casino at Charles Town Races and, to a lesser extent, Hollywood Casino at Penn National Race Course faced increased competition from the opening in June 2012 of a significant casino complex at the Arundel Mills mall in Anne Arundel, Maryland. Additionally, the opening of a proposed casino in Baltimore City County with a potential opening in 2014 and a mid 2016 opening of a casino operated by MGM in Prince George's County, Maryland will also negatively impact the operations at Hollywood Casino at Charles Town Races and, to a lesser extent, Hollywood Casino at Penn National Race Course. Although these openings and other openings in states in which the Company's other properties are located has had a significant impact on the Company's operations, it has less significance on the Company's operations than in recent periods due to the 2012 openings of Hollywood Casino Toledo and Hollywood Casino Columbus in Ohio as well as the November 2012 acquisition of Harrah's St. Louis gaming and lodging facility.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's operations are dependent on its continued licensing by state gaming commissions. The loss of a license, in any jurisdiction in which the Company operates, could have a material adverse effect on future results of operations. See Note 12 for a discussion of the Company's status in regards to Argosy Casino Sioux City's gaming license, which expired in July 2012.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is dependent on each gaming property's local market for a significant number of its patrons and revenues. If economic conditions in these areas deteriorate or additional gaming licenses are awarded in these markets, the Company's results of operations could be adversely affected.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is dependent on the economy of the U.S. in general, and any deterioration in the national economic, energy, credit and capital markets could have a material adverse effect on future results of operations.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is dependent upon a stable gaming and admission tax structure in the locations that it operates in. Any change in the tax structure could have a material adverse affect on future results of operations.</font></p> </div>
</penn:CertainRisksAndUncertaintiesPolicyTextBlock>
<us-gaap:FairValueByBalanceSheetGroupingTextBlock id="Tag108" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">  The estimated fair values of the Company's financial instruments are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80.51%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Carrying<br /> Amount</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Fair<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Carrying<br /> Amount</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Fair<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Financial assets:</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Cash and cash equivalents</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">292,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">292,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">260,467</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">260,467</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Investment in corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Financial liabilities:</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Long-term debt</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior secured credit facility</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">748,777</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">748,150</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,393,459</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,401,225</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior unsecured notes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">300,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">297,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior subordinated notes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">325,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">368,875</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Other long-term obligations</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:FairValueByBalanceSheetGroupingTextBlock>
<penn:PropertyPlantAndEquipmentUsefulLifeTableTextBlock id="Tag109" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 486px;" border="0" cellspacing="0" cellpadding="0" width="486"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="75" align="right"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Land improvements</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5 to 15 years</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Building and improvements</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5 to 40 years</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Furniture, fixtures, and equipment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3 to 31 years</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</penn:PropertyPlantAndEquipmentUsefulLifeTableTextBlock>
<penn:ScheduleOfEstimatedRetailValueOfPromotionalAllowancesTableTextBlock id="Tag110" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 494px;" border="0" cellspacing="0" cellpadding="0" width="494"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Rooms</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">36,132</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">26,612</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,646</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Food and beverage</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">123,263</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">108,250</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">106,687</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">11,244</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,878</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,483</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total promotional allowances</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">170,639</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">144,740</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">141,816</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</penn:ScheduleOfEstimatedRetailValueOfPromotionalAllowancesTableTextBlock>
<penn:ScheduleOfEstimatedCostOfProvidingComplimentaryServicesTableTextBlock id="Tag111" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 480px;" border="0" cellspacing="0" cellpadding="0" width="480"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Rooms</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">12,565</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,814</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,149</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Food and beverage</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">85,257</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">74,263</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">76,357</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,480</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,056</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,430</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total cost of complimentary services</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">104,302</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">90,133</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">91,936</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</penn:ScheduleOfEstimatedCostOfProvidingComplimentaryServicesTableTextBlock>
<penn:ScheduleOfAllocationOfNetIncomeAttributableToShareholdersTwoClassMethodTableTextBlock id="Tag112" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 474px;" border="0" cellspacing="0" cellpadding="0" width="474"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 88pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December, 31 <!-- COMMAND=ADD_SCROPPEDRULE,88pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">211,971</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">242,351</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income applicable to preferred stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">41,023</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46,101</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income applicable to common stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">170,948</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">196,250</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</penn:ScheduleOfAllocationOfNetIncomeAttributableToShareholdersTwoClassMethodTableTextBlock>
<us-gaap:ScheduleOfWeightedAverageNumberOfSharesTableTextBlock id="Tag113" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 494px;" border="0" cellspacing="0" cellpadding="0" width="494"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Determination of shares:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">76,345</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">77,991</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of dilutive employee stock-based awards</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,305</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,616</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of restricted stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">159</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">166</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of preferred stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">27,278</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">103,804</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">107,051</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfWeightedAverageNumberOfSharesTableTextBlock>
<us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock id="Tag114" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 560px;" border="0" cellspacing="0" cellpadding="0" width="560"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands, except<br /> per share data)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Calculation of basic EPS:</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net (loss) income applicable to common stock</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(794,339</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">170,948</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">196,250</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">78,111</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">76,345</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">77,991</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Basic EPS</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(10.17</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.24</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.52</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Calculation of diluted EPS:</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net (loss) income</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(794,339</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">211,971</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">242,351</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">78,111</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">103,804</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">107,051</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted EPS</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(10.17</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.04</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.26</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
<us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock id="Tag115" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 526px;" border="0" cellspacing="0" cellpadding="0" width="526"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Risk-free interest rate</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.08</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.84</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.04</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Expected volatility</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46.27</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">45.78</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">47.60</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Dividend yield</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average expected life (years)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.57</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.64</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5.82</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock>
<penn:ConcentrationRiskAmount id="Tag116" decimals="-5" contextRef="D2012_AccountsReceivableMember_CustomerConcentrationRiskMember" unitRef="USD"> 6700000 </penn:ConcentrationRiskAmount>
<penn:ConcentrationRiskAmount id="Tag117" decimals="-5" contextRef="D2013_AccountsReceivableMember_CustomerConcentrationRiskMember" unitRef="USD"> 4300000 </penn:ConcentrationRiskAmount>
<us-gaap:AccountsReceivableNetCurrent id="Tag118" decimals="-3" contextRef="I2013" unitRef="USD"> 52538000 </us-gaap:AccountsReceivableNetCurrent>
<us-gaap:AccountsReceivableNetCurrent id="Tag119" decimals="-3" contextRef="I2012" unitRef="USD"> 53720000 </us-gaap:AccountsReceivableNetCurrent>
<penn:AccountsReceivableGamingRevenueSettlementsAndCapitalReinvestmentProjects id="Tag120" decimals="-5" contextRef="I2012" unitRef="USD"> 5100000 </penn:AccountsReceivableGamingRevenueSettlementsAndCapitalReinvestmentProjects>
<penn:AccountsReceivableGamingRevenueSettlementsAndCapitalReinvestmentProjects id="Tag121" decimals="-5" contextRef="I2013" unitRef="USD"> 4800000 </penn:AccountsReceivableGamingRevenueSettlementsAndCapitalReinvestmentProjects>
<penn:AccountsReceivableReimbursementOfExpensesPaid id="Tag122" decimals="-5" contextRef="I2012_CasinoRamaServicesIncMember" unitRef="USD"> 11800000 </penn:AccountsReceivableReimbursementOfExpensesPaid>
<penn:AccountsReceivableReimbursementOfExpensesPaid id="Tag123" decimals="-5" contextRef="I2013_CasinoRamaServicesIncMember" unitRef="USD"> 3300000 </penn:AccountsReceivableReimbursementOfExpensesPaid>
<penn:AccountsReceivableRacingSettlementsDue id="Tag124" decimals="-5" contextRef="I2012" unitRef="USD"> 4000000 </penn:AccountsReceivableRacingSettlementsDue>
<penn:AccountsReceivableRacingSettlementsDue id="Tag125" decimals="-5" contextRef="I2013" unitRef="USD"> 2500000 </penn:AccountsReceivableRacingSettlementsDue>
<penn:AccountsReceivableReimbursementOfExpensesPaid id="Tag126" decimals="-5" contextRef="I2012_KansasEntertainmentLLCMember" unitRef="USD"> 3800000 </penn:AccountsReceivableReimbursementOfExpensesPaid>
<penn:AccountsReceivableReimbursementOfExpensesPaid id="Tag127" decimals="-5" contextRef="I2013_KansasEntertainmentLLCMember" unitRef="USD"> 10300000 </penn:AccountsReceivableReimbursementOfExpensesPaid>
<us-gaap:CashAndCashEquivalentsFairValueDisclosure id="Tag128" decimals="-3" contextRef="I2012_CarryingReportedAmountFairValueDisclosureMember" unitRef="USD"> 260467000 </us-gaap:CashAndCashEquivalentsFairValueDisclosure>
<us-gaap:CashAndCashEquivalentsFairValueDisclosure id="Tag129" decimals="-3" contextRef="I2012_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD"> 260467000 </us-gaap:CashAndCashEquivalentsFairValueDisclosure>
<us-gaap:AvailableForSaleSecurities id="Tag130" decimals="-3" contextRef="I2012_CarryingReportedAmountFairValueDisclosureMember" unitRef="USD"> 6790000 </us-gaap:AvailableForSaleSecurities>
<us-gaap:AvailableForSaleSecurities id="Tag131" decimals="-3" contextRef="I2012_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD"> 6790000 </us-gaap:AvailableForSaleSecurities>
<us-gaap:CashAndCashEquivalentsFairValueDisclosure id="Tag132" decimals="-3" contextRef="I2013_CarryingReportedAmountFairValueDisclosureMember" unitRef="USD"> 292995000 </us-gaap:CashAndCashEquivalentsFairValueDisclosure>
<us-gaap:CashAndCashEquivalentsFairValueDisclosure id="Tag133" decimals="-3" contextRef="I2013_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD"> 292995000 </us-gaap:CashAndCashEquivalentsFairValueDisclosure>
<us-gaap:PropertyPlantAndEquipmentUsefulLife id="Tag134" contextRef="D2013_LandImprovementsMember_MaximumMember"> P15Y </us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife id="Tag135" contextRef="D2013_BuildingAndBuildingImprovementsMember_MaximumMember"> P40Y </us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife id="Tag136" contextRef="D2013_FurnitureAndFixturesMember_MaximumMember"> P31Y </us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife id="Tag137" contextRef="D2013_LandImprovementsMember_MinimumMember"> P5Y </us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife id="Tag138" contextRef="D2013_BuildingAndBuildingImprovementsMember_MinimumMember"> P5Y </us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife id="Tag139" contextRef="D2013_FurnitureAndFixturesMember_MinimumMember"> P3Y </us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:Goodwill id="Tag140" decimals="-3" contextRef="I2011" unitRef="USD"> 1180359000 </us-gaap:Goodwill>
<us-gaap:IntangibleAssetsNetExcludingGoodwill id="Tag141" decimals="-3" contextRef="I2013" unitRef="USD"> 359648000 </us-gaap:IntangibleAssetsNetExcludingGoodwill>
<penn:GoodwillAsPercentageOfTotalAssets id="Tag142" decimals="3" contextRef="I2013" unitRef="Pure"> 0.225 </penn:GoodwillAsPercentageOfTotalAssets>
<penn:IntangibleAssetsNetExcludingGoodwillAsPercentageOfTotalAssets id="Tag143" decimals="3" contextRef="I2013" unitRef="Pure"> 0.165 </penn:IntangibleAssetsNetExcludingGoodwillAsPercentageOfTotalAssets>
<penn:GoodwillAndIntangibleAssetsNumberOfIssuesThatRequireSignificantManagementEstimatesAndJudgment id="Tag144" decimals="INF" contextRef="D2013" unitRef="Issue"> 2 </penn:GoodwillAndIntangibleAssetsNumberOfIssuesThatRequireSignificantManagementEstimatesAndJudgment>
<penn:NumberOfVariableInterestPaymentObligationsToBeSettledPeriodically id="Tag145" decimals="INF" contextRef="D2011_CashFlowHedgingMember_InterestRateSwapMember" unitRef="Obligation"> 2 </penn:NumberOfVariableInterestPaymentObligationsToBeSettledPeriodically>
<us-gaap:DerivativeDescriptionOfVariableRateBasis id="Tag146" contextRef="D2011_CashFlowHedgingMember_InterestRateSwapMember"> LIBOR </us-gaap:DerivativeDescriptionOfVariableRateBasis>
<penn:GainLossToBeReclassifiedToEarningsOnDiscontinuationOfInterestRateCashFlowHedge id="Tag147" decimals="-5" contextRef="I2011_InterestRateSwapMember" unitRef="USD"> -4700000 </penn:GainLossToBeReclassifiedToEarningsOnDiscontinuationOfInterestRateCashFlowHedge>
<penn:NotionalAmountOfInterestRateCashFlowHedgeDerivativesExpiringInOctober2011 id="Tag148" decimals="-6" contextRef="D2011_CashFlowHedgingMember_InterestRateSwapMember" unitRef="USD"> 200000000 </penn:NotionalAmountOfInterestRateCashFlowHedgeDerivativesExpiringInOctober2011>
<us-gaap:PromotionalAllowances id="Tag149" decimals="-3" contextRef="D2013_RoomsMember" unitRef="USD"> 36132000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag150" decimals="-3" contextRef="D2013_FoodAndBeverageMember" unitRef="USD"> 123263000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag151" decimals="-3" contextRef="D2013_OtherServicesMember" unitRef="USD"> 11244000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag152" decimals="-3" contextRef="D2013" unitRef="USD"> 170639000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag153" decimals="-3" contextRef="D2012_RoomsMember" unitRef="USD"> 26612000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag154" decimals="-3" contextRef="D2012_FoodAndBeverageMember" unitRef="USD"> 108250000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag155" decimals="-3" contextRef="D2012_OtherServicesMember" unitRef="USD"> 9878000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag156" decimals="-3" contextRef="D2012" unitRef="USD"> 144740000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag157" decimals="-3" contextRef="D2011_RoomsMember" unitRef="USD"> 24646000 </us-gaap:PromotionalAllowances>
<us-gaap:PromotionalAllowances id="Tag158" decimals="-3" contextRef="D2011_FoodAndBeverageMember" unitRef="USD"> 106687000 </us-gaap:PromotionalAllowances>
<us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock id="Tag159" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The net of tax changes in accumulated other comprehensive income by component were as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 96.26%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="67"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="44"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Foreign<br /> Currency</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Available for<br /> sale securities</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Other comprehensive income:</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2011</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,203</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,115</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,318</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign currency translation adjustment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">425</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">425</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Unrealized holding gains on corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">279</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">279</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Ending balance at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,628</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,394</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3,022</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign currency translation adjustment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,245</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,245</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Unrealized holding losses on corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(98</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(98</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Realized gain on redemption of corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,296</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,296</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Ending balance at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">383</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">383</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
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<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="Tag160" decimals="-3" contextRef="I2011_AccumulatedTranslationAdjustmentMember" unitRef="USD"> 1203000 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="Tag161" decimals="-3" contextRef="I2011_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD"> 1115000 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="Tag162" decimals="-3" contextRef="I2011" unitRef="USD"> 2318000 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="Tag163" decimals="-3" contextRef="I2012_AccumulatedTranslationAdjustmentMember" unitRef="USD"> 1628000 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="Tag164" decimals="-3" contextRef="I2012_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD"> 1394000 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="Tag165" decimals="-3" contextRef="I2012" unitRef="USD"> 3022000 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="Tag166" decimals="-3" contextRef="I2013_AccumulatedTranslationAdjustmentMember" unitRef="USD"> 383000 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="Tag167" decimals="-3" contextRef="I2013" unitRef="USD"> 383000 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax id="Tag168" decimals="-3" contextRef="D2012_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD"> 279000 </us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax id="Tag169" decimals="-3" contextRef="D2012" unitRef="USD"> 279000 </us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax id="Tag170" decimals="-3" contextRef="D2013_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD"> -98000 </us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax id="Tag171" decimals="-3" contextRef="D2013" unitRef="USD"> -98000 </us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax id="Tag172" decimals="-3" contextRef="D2013_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD"> 1296000 </us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax id="Tag173" decimals="-3" contextRef="D2013" unitRef="USD"> 1296000 </us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
<us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired id="Tag174" decimals="INF" contextRef="I2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Pure"> 1.00 </us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired>
<us-gaap:BusinessCombinationConsiderationTransferred1 id="Tag175" decimals="-5" contextRef="D2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="USD"> 615200000 </us-gaap:BusinessCombinationConsiderationTransferred1>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents id="Tag176" decimals="-5" contextRef="I2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="USD"> 12300000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents>
<penn:BusinessAcquisitionPurchasePriceAllocationGoodwillAndOtherIntangibleAssets id="Tag177" decimals="-5" contextRef="I2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="USD"> 386500000 </penn:BusinessAcquisitionPurchasePriceAllocationGoodwillAndOtherIntangibleAssets>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment id="Tag178" decimals="-5" contextRef="I2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="USD"> 225100000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets id="Tag179" decimals="-5" contextRef="I2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="USD"> 600000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets>
<penn:BusinessAcquisitionNumberOfMilesOfAcquiredEntityFromASpecifiedLocation id="Tag180" decimals="0" contextRef="I2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Mile"> 22 </penn:BusinessAcquisitionNumberOfMilesOfAcquiredEntityFromASpecifiedLocation>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities id="Tag181" decimals="-5" contextRef="I2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="USD"> 9300000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities>
<penn:BusinessAcquisitionAcreageOfAcquiredEntity id="Tag182" decimals="0" contextRef="I2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Acre"> 248 </penn:BusinessAcquisitionAcreageOfAcquiredEntity>
<penn:BusinessAcquisitionAreaOfGamingSpaceOfAcquiredEntity id="Tag183" decimals="INF" contextRef="D2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Square_Foot"> 645270 </penn:BusinessAcquisitionAreaOfGamingSpaceOfAcquiredEntity>
<penn:BusinessAcquisitionNumberOfSlotMachinesOfAcquiredEntity id="Tag184" decimals="0" contextRef="D2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Gaming_Machine"> 2122 </penn:BusinessAcquisitionNumberOfSlotMachinesOfAcquiredEntity>
<penn:BusinessAcquisitionNumberOfTableGamesOfAcquiredEntity id="Tag185" decimals="0" contextRef="D2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Table_Game"> 59 </penn:BusinessAcquisitionNumberOfTableGamesOfAcquiredEntity>
<penn:BusinessAcquisitionNumberOfPokerTablesOfAcquiredEntity id="Tag186" decimals="0" contextRef="D2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Poker_Table"> 21 </penn:BusinessAcquisitionNumberOfPokerTablesOfAcquiredEntity>
<penn:BusinessAcquisitionNumberOfGuestroomHotelsOfAcquiredEntity id="Tag187" decimals="0" contextRef="D2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Hotel_Room"> 502 </penn:BusinessAcquisitionNumberOfGuestroomHotelsOfAcquiredEntity>
<penn:BusinessAcquisitionNumberOfDinningAndEntertainmentVenuesOfAcquiredEntity id="Tag188" decimals="INF" contextRef="D2012Q4_M1102_HarrahsStLouisGamingAndLodgingFacilityMember" unitRef="Venue"> 9 </penn:BusinessAcquisitionNumberOfDinningAndEntertainmentVenuesOfAcquiredEntity>
<us-gaap:BusinessCombinationConsiderationTransferred1 id="Tag189" decimals="-5" contextRef="D2010Q4_M10_TheMResortsLLCMember" unitRef="USD"> 230500000 </us-gaap:BusinessCombinationConsiderationTransferred1>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents id="Tag190" decimals="-5" contextRef="I2011Q2_M0602_TheMResortsLLCMember" unitRef="USD"> 28000000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment id="Tag191" decimals="-5" contextRef="I2011Q2_M0602_TheMResortsLLCMember" unitRef="USD"> 203700000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets id="Tag192" decimals="-5" contextRef="I2011Q2_M0602_TheMResortsLLCMember" unitRef="USD"> 13700000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets id="Tag193" decimals="-5" contextRef="I2011Q2_M0602_TheMResortsLLCMember" unitRef="USD"> 2400000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets>
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities id="Tag194" decimals="-5" contextRef="I2011Q2_M0602_TheMResortsLLCMember" unitRef="USD"> 17300000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities>
<penn:BusinessAcquisitionNumberOfMilesOfAcquiredEntityFromASpecifiedLocation id="Tag195" decimals="0" contextRef="I2011Q1_M0228_RosecroftRacewayMember" unitRef="Mile"> 13 </penn:BusinessAcquisitionNumberOfMilesOfAcquiredEntityFromASpecifiedLocation>
<penn:BusinessAcquisitionAcreageOfAcquiredEntity id="Tag196" decimals="0" contextRef="I2011Q1_M0228_RosecroftRacewayMember" unitRef="Acre"> 125 </penn:BusinessAcquisitionAcreageOfAcquiredEntity>
<penn:BusinessAcquisitionLengthOfOvalTrackOfFacilityOfAcquiredEntity id="Tag197" contextRef="D2011Q1_M0228_RosecroftRacewayMember"> 5/8-mile </penn:BusinessAcquisitionLengthOfOvalTrackOfFacilityOfAcquiredEntity>
<penn:BusinessAcquisitionNumberOfRacePaddock id="Tag198" decimals="INF" contextRef="I2011Q1_M0228_RosecroftRacewayMember" unitRef="Race_Paddock"> 7 </penn:BusinessAcquisitionNumberOfRacePaddock>
<penn:BusinessAcquisitionAreaOfGrandstandBuildingOfAcquiredEntity id="Tag199" decimals="INF" contextRef="I2011Q1_M0228_RosecroftRacewayMember" unitRef="Square_Foot"> 53000 </penn:BusinessAcquisitionAreaOfGrandstandBuildingOfAcquiredEntity>
<penn:BusinessAcquisitionAreaOfClubhouseBuildingOfAcquiredEntity id="Tag200" decimals="INF" contextRef="I2011Q1_M0228_RosecroftRacewayMember" unitRef="Square_Foot"> 96000 </penn:BusinessAcquisitionAreaOfClubhouseBuildingOfAcquiredEntity>
<penn:JointVentureOwnershipInterestPercentage id="Tag201" decimals="INF" contextRef="I2013_FreeholdRacewayMember" unitRef="Pure"> 0.50 </penn:JointVentureOwnershipInterestPercentage>
<penn:JointVentureInterestAreaOfCasino id="Tag202" decimals="INF" contextRef="D2013_KansasEntertainmentLLCMember" unitRef="Square_Foot"> 244791 </penn:JointVentureInterestAreaOfCasino>
<penn:JointVentureInterestNumberOfSlotMachines id="Tag203" decimals="INF" contextRef="D2013_KansasEntertainmentLLCMember" unitRef="Gaming_Machine"> 2000 </penn:JointVentureInterestNumberOfSlotMachines>
<penn:JointVentureInterestNumberOfTableGames id="Tag204" decimals="INF" contextRef="D2013_KansasEntertainmentLLCMember" unitRef="Table_Game"> 40 </penn:JointVentureInterestNumberOfTableGames>
<penn:JointVentureInterestNumberOfPokerTables id="Tag205" decimals="INF" contextRef="D2013_KansasEntertainmentLLCMember" unitRef="Poker_Table"> 12 </penn:JointVentureInterestNumberOfPokerTables>
<penn:JointVentureInterestNumberOfSpaceParkingStructure id="Tag206" decimals="INF" contextRef="D2013_KansasEntertainmentLLCMember" unitRef="Parking_Space"> 1253 </penn:JointVentureInterestNumberOfSpaceParkingStructure>
<penn:AggregateAmountSpentToDateOnDevelopingAndConstructingFacility id="Tag207" decimals="-5" contextRef="I2013_KansasEntertainmentLLCMember" unitRef="USD"> 140100000 </penn:AggregateAmountSpentToDateOnDevelopingAndConstructingFacility>
<penn:PaymentsToAcquirePropertyPlantAndEquipmentAndOtherOperatingExpenses id="Tag208" decimals="-5" contextRef="D2012_KansasEntertainmentLLCMember" unitRef="USD"> 39100000 </penn:PaymentsToAcquirePropertyPlantAndEquipmentAndOtherOperatingExpenses>
<penn:PaymentsToAcquirePropertyPlantAndEquipmentAndOtherOperatingExpenses id="Tag209" decimals="-5" contextRef="D2011_KansasEntertainmentLLCMember" unitRef="USD"> 70900000 </penn:PaymentsToAcquirePropertyPlantAndEquipmentAndOtherOperatingExpenses>
<us-gaap:EquityMethodInvestmentDividendsOrDistributions id="Tag210" decimals="-5" contextRef="D2012_KansasEntertainmentLLCMember" unitRef="USD"> 13000000 </us-gaap:EquityMethodInvestmentDividendsOrDistributions>
<us-gaap:EquityMethodInvestmentDividendsOrDistributions id="Tag211" decimals="-5" contextRef="D2013_KansasEntertainmentLLCMember" unitRef="USD"> 21500000 </us-gaap:EquityMethodInvestmentDividendsOrDistributions>
<penn:JointVentureInterestByAcreage id="Tag212" decimals="INF" contextRef="I2011Q2_M0408_SamHoustonRaceParkMember" unitRef="Acre"> 322 </penn:JointVentureInterestByAcreage>
<penn:JointVentureNumberOfMilesOfEntityFromASpecifiedLocation id="Tag213" decimals="INF" contextRef="I2011Q2_M0408_SamHoustonRaceParkMember" unitRef="Mile"> 15 </penn:JointVentureNumberOfMilesOfEntityFromASpecifiedLocation>
<penn:JointVentureInterestByAcreage id="Tag214" decimals="INF" contextRef="I2011Q2_M0408_ValleyRaceParkMember" unitRef="Acre"> 71 </penn:JointVentureInterestByAcreage>
<penn:JointVentureInterestOptionToPurchaseByAcreage id="Tag215" decimals="INF" contextRef="I2011Q2_M0408_PlannedRacetrackInLaredoMember" unitRef="Acre"> 135 </penn:JointVentureInterestOptionToPurchaseByAcreage>
<penn:JointVentureSquareFootage id="Tag216" decimals="INF" contextRef="I2011Q2_M0408_ValleyRaceParkMember" unitRef="Square_Foot"> 118216 </penn:JointVentureSquareFootage>
<us-gaap:GoodwillImpairmentLoss id="Tag217" decimals="-5" contextRef="D2011_NewJerseyJointVentureMember" unitRef="USD"> 5900000 </us-gaap:GoodwillImpairmentLoss>
<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures id="Tag218" decimals="-5" contextRef="I2012_NewJerseyJointVentureMember" unitRef="USD"> 10900000 </us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures id="Tag219" decimals="-5" contextRef="I2013_NewJerseyJointVentureMember" unitRef="USD"> 10700000 </us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
<us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal id="Tag220" decimals="-5" contextRef="D2011_MarylandREAndRLLCMember" unitRef="USD"> 20200000 </us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag221" decimals="-3" contextRef="I2012_LandAndLandImprovementsMember" unitRef="USD"> 442882000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag222" decimals="-3" contextRef="I2012_BuildingAndBuildingImprovementsMember" unitRef="USD"> 2283230000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag223" decimals="-3" contextRef="I2012_FurnitureAndFixturesMember" unitRef="USD"> 1240898000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag224" decimals="-3" contextRef="I2012_LeaseholdImprovementsMember" unitRef="USD"> 17229000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag225" decimals="-3" contextRef="I2012_ConstructionInProgressMember" unitRef="USD"> 30531000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag226" decimals="-3" contextRef="I2012" unitRef="USD"> 4014770000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag227" decimals="-3" contextRef="I2013_LandAndLandImprovementsMember" unitRef="USD"> 14714000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag228" decimals="-3" contextRef="I2013_BuildingAndBuildingImprovementsMember" unitRef="USD"> 156443000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag229" decimals="-3" contextRef="I2013_FurnitureAndFixturesMember" unitRef="USD"> 1190252000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag230" decimals="-3" contextRef="I2013_LeaseholdImprovementsMember" unitRef="USD"> 24301000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag231" decimals="-3" contextRef="I2013_ConstructionInProgressMember" unitRef="USD"> 25389000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross id="Tag232" decimals="-3" contextRef="I2013" unitRef="USD"> 1411099000 </us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment id="Tag233" decimals="-3" contextRef="I2012" unitRef="USD"> 1283973000 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:PropertyPlantAndEquipmentNet id="Tag234" decimals="-3" contextRef="I2012" unitRef="USD"> 2730797000 </us-gaap:PropertyPlantAndEquipmentNet>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment id="Tag235" decimals="-3" contextRef="I2013" unitRef="USD"> 913642000 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:PropertyPlantAndEquipmentNet id="Tag236" decimals="-3" contextRef="I2013" unitRef="USD"> 497457000 </us-gaap:PropertyPlantAndEquipmentNet>
<us-gaap:PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease id="Tag237" decimals="-5" contextRef="D2013" unitRef="USD"> -2233300000 </us-gaap:PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease>
<us-gaap:Depreciation id="Tag238" decimals="-5" contextRef="D2012" unitRef="USD"> 244500000 </us-gaap:Depreciation>
<us-gaap:Depreciation id="Tag239" decimals="-5" contextRef="D2011" unitRef="USD"> 209300000 </us-gaap:Depreciation>
<us-gaap:Depreciation id="Tag240" decimals="-5" contextRef="D2013" unitRef="USD"> 282200000 </us-gaap:Depreciation>
<us-gaap:InterestCostsIncurredCapitalized id="Tag241" decimals="-5" contextRef="D2012" unitRef="USD"> 8400000 </us-gaap:InterestCostsIncurredCapitalized>
<us-gaap:InterestCostsIncurredCapitalized id="Tag242" decimals="-5" contextRef="D2011" unitRef="USD"> 5600000 </us-gaap:InterestCostsIncurredCapitalized>
<us-gaap:InterestCostsIncurredCapitalized id="Tag243" decimals="-5" contextRef="D2013" unitRef="USD"> 1400000 </us-gaap:InterestCostsIncurredCapitalized>
<us-gaap:PropertyPlantAndEquipmentTextBlock id="Tag244" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 554px;" border="0" cellspacing="0" cellpadding="0" width="554"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="65"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Land and improvements</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">14,714</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">442,882</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Building and improvements</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">156,443</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,283,230</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Furniture, fixtures, and equipment</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,190,252</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,240,898</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Leasehold improvements</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,301</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">17,229</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Construction in progress</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">25,389</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">30,531</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Total property and equipment</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,411,099</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">4,014,770</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Less accumulated depreciation</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(913,642</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1,283,973</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Property and equipment, net</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">497,457</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,730,797</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:PropertyPlantAndEquipmentTextBlock>
<us-gaap:ScheduleOfGoodwillTextBlock id="Tag245" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">A reconciliation of goodwill and accumulated goodwill impairment losses is as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 84.69%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="65"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at January 1, 2012:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,014,216</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accumulated goodwill impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(833,857</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,180,359</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill acquired</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">205,664</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(5,334</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2012:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,214,546</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accumulated goodwill impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(833,857</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,380,689</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(807,464</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Contribution of Hollywood Casino Baton Rouge to GLPI</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(75,521</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(5,306</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2013:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,133,719</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accumulated goodwill impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,641,321</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">492,398</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfGoodwillTextBlock>
<us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock id="Tag246" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 57%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 621px;" border="0" cellspacing="0" cellpadding="0" width="621"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="17" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gross<br /> Carrying<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Accumulated<br /> Amortization</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Net Book<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gross<br /> Carrying<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Accumulated<br /> Amortization</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Net Book<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Indefinite-life intangible assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">349,224</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">349,224</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">675,901</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">675,901</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Argosy Casino Sioux City gaming license</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">20,949</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">12,569</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">8,380</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">24,068</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">24,068</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other intangible assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">55,665</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">53,621</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,044</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">56,661</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">50,153</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,508</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">425,838</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">66,190</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">359,648</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">756,630</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">50,153</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">706,477</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock>
<us-gaap:ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock id="Tag247" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The following table presents expected intangible asset amortization expense based on existing intangible assets at December 31, 2013 (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 78.11%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2014</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,405</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2015</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">19</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,424</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock>
<penn:JointVentureOwnershipInterestPercentage id="Tag248" decimals="INF" contextRef="I2011Q2_M0408_TexasJointVentureMember" unitRef="Pure"> 0.50 </penn:JointVentureOwnershipInterestPercentage>
<penn:JointVentureOwnershipInterestPercentage id="Tag249" decimals="INF" contextRef="I2013_TexasJointVentureMember" unitRef="Pure"> 0.50 </penn:JointVentureOwnershipInterestPercentage>
<us-gaap:DebtInstrumentDescriptionOfVariableRateBasis id="Tag250" contextRef="D2013_TexasJointVentureMember_SeniorDebtObligationsMember"> LIBOR </us-gaap:DebtInstrumentDescriptionOfVariableRateBasis>
<us-gaap:DebtInstrumentDescriptionOfVariableRateBasis id="Tag251" contextRef="D2013_TexasJointVentureMember_SubordinatedDebtMember"> LIBOR </us-gaap:DebtInstrumentDescriptionOfVariableRateBasis>
<us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="Tag252" decimals="2" contextRef="D2013_TexasJointVentureMember_SeniorDebtObligationsMember_MinimumMember" unitRef="Pure"> 0.08 </us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
<us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="Tag253" decimals="2" contextRef="D2013_TexasJointVentureMember_SeniorDebtObligationsMember_MaximumMember" unitRef="Pure"> 0.09 </us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
<us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="Tag254" decimals="2" contextRef="D2013_TexasJointVentureMember_SubordinatedDebtMember_MaximumMember" unitRef="Pure"> 0.06 </us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
<us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="Tag255" decimals="2" contextRef="D2013_TexasJointVentureMember_SubordinatedDebtMember_MinimumMember" unitRef="Pure"> 0.05 </us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
<us-gaap:GoodwillGross id="Tag256" decimals="-3" contextRef="I2011" unitRef="USD"> 2014216000 </us-gaap:GoodwillGross>
<us-gaap:GoodwillGross id="Tag257" decimals="-3" contextRef="I2012" unitRef="USD"> 2214546000 </us-gaap:GoodwillGross>
<us-gaap:GoodwillGross id="Tag258" decimals="-3" contextRef="I2013" unitRef="USD"> 2133719000 </us-gaap:GoodwillGross>
<us-gaap:GoodwillImpairedAccumulatedImpairmentLoss id="Tag259" decimals="-3" contextRef="I2011" unitRef="USD"> 833857000 </us-gaap:GoodwillImpairedAccumulatedImpairmentLoss>
<us-gaap:GoodwillImpairedAccumulatedImpairmentLoss id="Tag260" decimals="-3" contextRef="I2012" unitRef="USD"> 833857000 </us-gaap:GoodwillImpairedAccumulatedImpairmentLoss>
<us-gaap:GoodwillImpairedAccumulatedImpairmentLoss id="Tag261" decimals="-3" contextRef="I2013" unitRef="USD"> 1641321000 </us-gaap:GoodwillImpairedAccumulatedImpairmentLoss>
<us-gaap:Goodwill id="Tag262" decimals="-3" contextRef="I2012" unitRef="USD"> 1380689000 </us-gaap:Goodwill>
<us-gaap:Goodwill id="Tag263" decimals="-3" contextRef="I2013" unitRef="USD"> 492398000 </us-gaap:Goodwill>
<us-gaap:GoodwillAcquiredDuringPeriod id="Tag264" decimals="-3" contextRef="D2012" unitRef="USD"> 205664000 </us-gaap:GoodwillAcquiredDuringPeriod>
<us-gaap:GoodwillOtherChanges id="Tag265" decimals="-3" contextRef="D2012" unitRef="USD"> -5334000 </us-gaap:GoodwillOtherChanges>
<us-gaap:GoodwillImpairmentLoss id="Tag266" decimals="-3" contextRef="D2013" unitRef="USD"> 807464000 </us-gaap:GoodwillImpairmentLoss>
<us-gaap:GoodwillOtherChanges id="Tag267" decimals="-3" contextRef="D2013" unitRef="USD"> -5306000 </us-gaap:GoodwillOtherChanges>
<us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill id="Tag268" decimals="-3" contextRef="I2012" unitRef="USD"> 675901000 </us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill>
<us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill id="Tag269" decimals="-3" contextRef="I2013" unitRef="USD"> 349224000 </us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill>
<us-gaap:FiniteLivedIntangibleAssetsGross id="Tag270" decimals="-3" contextRef="I2013_OtherIntangibleAssetsMember" unitRef="USD"> 55665000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsGross id="Tag271" decimals="-3" contextRef="I2013_GamingLicenseMember_ArgosyCasinoSiouxCityFacilityMember" unitRef="USD"> 20949000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsGross id="Tag272" decimals="-3" contextRef="I2012_OtherIntangibleAssetsMember" unitRef="USD"> 56661000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization id="Tag273" decimals="-3" contextRef="I2012" unitRef="USD"> 50153000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization id="Tag274" decimals="-3" contextRef="I2012_OtherIntangibleAssetsMember" unitRef="USD"> 50153000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:FiniteLivedIntangibleAssetsNet id="Tag275" decimals="-3" contextRef="I2013_OtherIntangibleAssetsMember" unitRef="USD"> 2044000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetsNet id="Tag276" decimals="-3" contextRef="I2013_GamingLicenseMember_ArgosyCasinoSiouxCityFacilityMember" unitRef="USD"> 8380000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetsNet id="Tag277" decimals="-3" contextRef="I2012_OtherIntangibleAssetsMember" unitRef="USD"> 6508000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:IntangibleAssetsGrossExcludingGoodwill id="Tag278" decimals="-3" contextRef="I2013" unitRef="USD"> 425838000 </us-gaap:IntangibleAssetsGrossExcludingGoodwill>
<us-gaap:IntangibleAssetsGrossExcludingGoodwill id="Tag279" decimals="-3" contextRef="I2012" unitRef="USD"> 756630000 </us-gaap:IntangibleAssetsGrossExcludingGoodwill>
<us-gaap:IntangibleAssetsNetExcludingGoodwill id="Tag280" decimals="-3" contextRef="I2012" unitRef="USD"> 706477000 </us-gaap:IntangibleAssetsNetExcludingGoodwill>
<us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill id="Tag281" decimals="-5" contextRef="D2013_ArgosyCasinoSiouxCityMember" unitRef="USD"> 3100000 </us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill>
<us-gaap:AmortizationOfIntangibleAssets id="Tag282" decimals="-5" contextRef="D2013" unitRef="USD"> 16100000 </us-gaap:AmortizationOfIntangibleAssets>
<us-gaap:AmortizationOfIntangibleAssets id="Tag283" decimals="-5" contextRef="D2012" unitRef="USD"> 800000 </us-gaap:AmortizationOfIntangibleAssets>
<us-gaap:AmortizationOfIntangibleAssets id="Tag284" decimals="-5" contextRef="D2011" unitRef="USD"> 2200000 </us-gaap:AmortizationOfIntangibleAssets>
<us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths id="Tag285" decimals="-3" contextRef="I2013" unitRef="USD"> 10405000 </us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths>
<us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo id="Tag286" decimals="-3" contextRef="I2013" unitRef="USD"> 19000 </us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo>
<us-gaap:DebtInstrumentFaceAmount id="Tag287" decimals="-5" contextRef="I2013Q4_M1022_OtherLongTermObligationMember" unitRef="USD"> 1600000 </us-gaap:DebtInstrumentFaceAmount>
<us-gaap:FiniteLivedIntangibleAssetsNet id="Tag288" decimals="-3" contextRef="I2013" unitRef="USD"> 10424000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock id="Tag289" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 646px;" border="0" cellspacing="0" cellpadding="0" width="646"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="65"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="11" align="center"><font size="1"><b>Fiscal Quarter</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>First</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Second</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Third</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Fourth</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="11" align="center"><font size="1"><b>(in thousands, except per share data)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>2013</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">798,246</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">761,371</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">714,435</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">644,702</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from operations</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">133,315</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46,881</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">93,280</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1,045,448</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income (loss)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">65,271</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(12,180</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">41,317</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(888,747</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Earnings per common share:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Basic earnings (loss) per common share</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.68</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(0.16</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.43</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(11.40</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Diluted earnings (loss) per common share</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.63</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(0.16</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.40</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(11.40</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>2012</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">736,059</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">712,551</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">707,044</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">743,811</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income from operations</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">142,615</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">128,015</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">98,666</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">73,293</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">78,619</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">66,667</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46,446</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">20,239</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Earnings per common share:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Basic earnings per common share</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.83</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.70</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.49</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.21</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Diluted earnings per common share</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.74</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.63</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.44</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.19</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock>
<us-gaap:Goodwill id="Tag290" decimals="-3" contextRef="I2013_HollywoodCasinoStLouisMember" unitRef="USD"> 59035000 </us-gaap:Goodwill>
<us-gaap:Goodwill id="Tag291" decimals="-3" contextRef="I2013_ArgosyCasinoRiversideMember" unitRef="USD"> 154332000 </us-gaap:Goodwill>
<us-gaap:Goodwill id="Tag292" decimals="-3" contextRef="I2013_ZiaParkCasinoMember" unitRef="USD"> 144171000 </us-gaap:Goodwill>
<us-gaap:Goodwill id="Tag293" decimals="-3" contextRef="I2013_HollywoodCasinoJolietMember" unitRef="USD"> 12562000 </us-gaap:Goodwill>
<us-gaap:Goodwill id="Tag294" decimals="-3" contextRef="I2013_HollywoodCasinoAtPennNationalRaceCourseMember" unitRef="USD"> 1497000 </us-gaap:Goodwill>
<us-gaap:IntangibleAssetsNetExcludingGoodwill id="Tag295" decimals="-3" contextRef="I2013_HollywoodCasinoStLouisMember" unitRef="USD"> 161596000 </us-gaap:IntangibleAssetsNetExcludingGoodwill>
<us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt id="Tag296" decimals="-3" contextRef="D2013" unitRef="USD"> 6870000 </us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt>
<us-gaap:Goodwill id="Tag297" decimals="-3" contextRef="I2013_HollywoodCasinoAuroraMember" unitRef="USD"> 37687000 </us-gaap:Goodwill>
<us-gaap:Goodwill id="Tag298" decimals="-3" contextRef="I2013_ArgosyCasinoAltonMember" unitRef="USD"> 30949000 </us-gaap:Goodwill>
<us-gaap:AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments id="Tag299" decimals="-3" contextRef="D2013" unitRef="USD"> 1516000 </us-gaap:AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments>
<us-gaap:ScheduleOfDebtInstrumentsTextBlock id="Tag300" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 92.11%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Senior secured credit facility</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">750,000</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,394,963</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">$325 million 8<sup>3</sup>/<small>4</small>% senior subordinated notes due August 2019</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">325,000</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">$300 million 5.875% senior unsecured notes due November 1, 2021</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">300,000</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other long-term obligations</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,000</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Capital leases</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,015</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,111</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,052,015</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,732,074</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Less current maturities of long-term debt</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(27,598</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(81,497</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Less discount on senior secured credit facility Term Loan B</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,223</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,504</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,023,194</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,649,073</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
<us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock id="Tag301" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The following is a schedule of future minimum repayments of long-term debt as of December 31, 2013 (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 81.06%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2014</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">27,598</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2015</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">27,605</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2016</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">40,114</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2017</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">52,623</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2018</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">365,133</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Thereafter</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">538,942</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total minimum payments</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,052,015</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock>
<us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock id="Tag302" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The effect of derivative instruments on the consolidated statement of operations for the year ended December 31, 2011 was as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 65.08%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"150%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="150%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="81"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="93" align="center"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="81"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="93" align="center"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="93"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 90pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Derivatives in a Cash Flow<br /> Hedging Relationship <!-- COMMAND=ADD_SCROPPEDRULE,90pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gain (Loss)<br /> Recognized in<br /> OCI on Derivative<br /> (Effective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Location of<br /> Gain (Loss)<br /> Reclassified from<br /> AOCI into Income<br /> (Effective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gain (Loss)<br /> Reclassified from<br /> AOCI into Income<br /> (Effective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Location of<br /> Gain (Loss)<br /> Recognized in<br /> Income on Derivative<br /> (Ineffective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gain (Loss)<br /> Recognized in<br /> Income on Derivative<br /> (Ineffective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Interest rate swap contracts</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(672</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="center"><font size="2">Interest expense</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(8,173</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="center"><font size="2">None</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(672</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="center"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(8,173</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="center"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><br /></font> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 89.16%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="111" align="center"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="111"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 184pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Derivatives Not Designated as Hedging Instruments <!-- COMMAND=ADD_SCROPPEDRULE,184pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Location of Gain (Loss)<br /> Recognized in Income<br /> on Derivative</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gain (Loss) Recognized<br /> in Income on Derivative</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Interest rate swap contracts</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="center"><font size="2">Interest expense</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(10</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="center"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(10</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="center">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag303" decimals="-3" contextRef="I2012_SeniorSecuredCreditFacilityMember" unitRef="USD"> 2394963000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag304" decimals="-3" contextRef="I2012_SeniorSubordinatedNotes8.75PercentDueAugust2019Member" unitRef="USD"> 325000000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag305" decimals="-3" contextRef="I2012_OtherLongTermObligationMember" unitRef="USD"> 10000000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag306" decimals="-3" contextRef="I2012_CapitalLeaseObligationsMember" unitRef="USD"> 2111000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag307" decimals="-3" contextRef="I2012" unitRef="USD"> 2732074000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag308" decimals="-3" contextRef="I2013_SeniorSecuredCreditFacilityMember" unitRef="USD"> 750000000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag309" decimals="-3" contextRef="I2013_SeniorUnsecuredNotes5.875PercentDueNovember2012Member" unitRef="USD"> 300000000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:GainLossOnSaleOfBusiness id="Tag310" decimals="-3" contextRef="D2013" unitRef="USD"> 444000 </us-gaap:GainLossOnSaleOfBusiness>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag311" decimals="-3" contextRef="I2013" unitRef="USD"> 1052015000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent id="Tag312" decimals="-3" contextRef="I2012" unitRef="USD"> 81497000 </us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent>
<us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet id="Tag313" decimals="-3" contextRef="I2012" unitRef="USD"> -1504000 </us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet>
<us-gaap:LongTermDebtAndCapitalLeaseObligations id="Tag314" decimals="-3" contextRef="I2012" unitRef="USD"> 2649073000 </us-gaap:LongTermDebtAndCapitalLeaseObligations>
<us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent id="Tag315" decimals="-3" contextRef="I2013" unitRef="USD"> 27598000 </us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent>
<us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet id="Tag316" decimals="-3" contextRef="I2013" unitRef="USD"> -1223000 </us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet>
<us-gaap:LongTermDebtAndCapitalLeaseObligations id="Tag317" decimals="-3" contextRef="I2013" unitRef="USD"> 1023194000 </us-gaap:LongTermDebtAndCapitalLeaseObligations>
<us-gaap:GainsLossesOnExtinguishmentOfDebt id="Tag318" decimals="-5" contextRef="D2013Q4" unitRef="USD"> -61700000 </us-gaap:GainsLossesOnExtinguishmentOfDebt>
<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths id="Tag319" decimals="-3" contextRef="I2013" unitRef="USD"> 27598000 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths>
<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo id="Tag320" decimals="-3" contextRef="I2013" unitRef="USD"> 27605000 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo>
<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree id="Tag321" decimals="-3" contextRef="I2013" unitRef="USD"> 40114000 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree>
<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour id="Tag322" decimals="-3" contextRef="I2013" unitRef="USD"> 52623000 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour>
<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive id="Tag323" decimals="-3" contextRef="I2013" unitRef="USD"> 365133000 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive>
<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive id="Tag324" decimals="-3" contextRef="I2013" unitRef="USD"> 538942000 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive>
<us-gaap:LongTermDebt id="Tag325" decimals="-3" contextRef="I2013" unitRef="USD"> 1052015000 </us-gaap:LongTermDebt>
<us-gaap:LettersOfCreditOutstandingAmount id="Tag326" decimals="-5" contextRef="I2013" unitRef="USD"> 22100000 </us-gaap:LettersOfCreditOutstandingAmount>
<us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity id="Tag327" decimals="-5" contextRef="I2013" unitRef="USD"> 477900000 </us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
<us-gaap:DebtInstrumentCarryingAmount id="Tag328" decimals="-5" contextRef="I2013_NewSeniorSecuredCreditFacilityMember" unitRef="USD"> 750000000 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:DebtInstrumentCarryingAmount id="Tag329" decimals="-5" contextRef="I2013_LineOfCreditMember" unitRef="USD"> 0 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:ProceedsFromIssuanceOfOtherLongTermDebt id="Tag330" decimals="-6" contextRef="D2012Q3_M09_OtherLongTermObligationMember" unitRef="USD"> 10000000 </us-gaap:ProceedsFromIssuanceOfOtherLongTermDebt>
<us-gaap:DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet id="Tag331" decimals="-3" contextRef="D2011_CashFlowHedgingMember" unitRef="USD"> -672000 </us-gaap:DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet>
<us-gaap:DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet id="Tag332" decimals="-3" contextRef="D2011_CashFlowHedgingMember_InterestRateSwapMember" unitRef="USD"> -672000 </us-gaap:DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet>
<us-gaap:DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet id="Tag333" decimals="-3" contextRef="D2011_CashFlowHedgingMember" unitRef="USD"> -8173000 </us-gaap:DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet>
<us-gaap:DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet id="Tag334" decimals="-3" contextRef="D2011_CashFlowHedgingMember_InterestRateSwapMember" unitRef="USD"> -8173000 </us-gaap:DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet>
<us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet id="Tag335" decimals="-3" contextRef="D2011" unitRef="USD"> -10000 </us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet>
<us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet id="Tag336" decimals="-3" contextRef="D2011_InterestRateSwapMember" unitRef="USD"> -10000 </us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet>
<us-gaap:DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet id="Tag337" decimals="-5" contextRef="D2011_DesignatedAsHedgingInstrumentMember" unitRef="USD"> 7200000 </us-gaap:DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet>
<us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock id="Tag338" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The future minimum lease commitments relating to the base lease rent portion of noncancelable operating leases, separated by the Master Lease and other lease commitments, at December 31, 2013 are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 593px;" border="0" cellspacing="0" cellpadding="0" width="593"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 89pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ending December 31, <!-- COMMAND=ADD_SCROPPEDRULE,89pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Master Lease</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Other</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2014</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">376,552</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">4,628</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">381,180</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2015</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">376,552</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3,344</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">379,896</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2016</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">376,552</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,557</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">379,109</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2017</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">376,553</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,141</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">378,694</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2018</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">368,762</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,178</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">370,940</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Thereafter</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3,243,690</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">17,561</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3,261,251</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,118,661</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">32,409</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,151,070</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
<penn:NumberOfProposalsForNewGamingAndEntertainmentDestination id="Tag339" decimals="INF" contextRef="D2012Q3_M0712_BelleOfSiouxCityLPMember" unitRef="Proposal"> 2 </penn:NumberOfProposalsForNewGamingAndEntertainmentDestination>
<penn:StateLicenseRenewalTerm id="Tag340" contextRef="D2013Q3_M08_BelleOfSiouxCityLPMember"> P1Y </penn:StateLicenseRenewalTerm>
<penn:LossContingencyPetitionsFiledNumber id="Tag341" decimals="INF" contextRef="I2013Q2_M0531_BelleOfSiouxCityLPMember" unitRef="Claim"> 4 </penn:LossContingencyPetitionsFiledNumber>
<us-gaap:LossContingencyDamagesSoughtValue id="Tag342" decimals="-6" contextRef="D2008Q3_M0911_BreachInPreDevelopmentAgreementMember_KansasPennGamingLLCMember_MinimumMember" unitRef="USD"> 50000000 </us-gaap:LossContingencyDamagesSoughtValue>
<penn:LossContingencyPrivilegeFeePaid id="Tag343" decimals="-6" contextRef="I2008Q3_M0911_BreachInPreDevelopmentAgreementMember_KansasPennGamingLLCMember" unitRef="USD"> 25000000 </penn:LossContingencyPrivilegeFeePaid>
<penn:LossContingencyPrivilegeFeeReturned id="Tag344" decimals="-6" contextRef="D2013Q1_M02_BreachInPreDevelopmentAgreementMember_KansasPennGamingLLCMember" unitRef="USD"> 25000000 </penn:LossContingencyPrivilegeFeeReturned>
<us-gaap:AccruedLiabilitiesCurrent id="Tag345" decimals="-3" contextRef="I2012_BreachInPreDevelopmentAgreementMember_KansasPennGamingLLCMember" unitRef="USD"> 6400000 </us-gaap:AccruedLiabilitiesCurrent>
<penn:AggregateCommittedAmountPayableForCertainClarificationsRelatedToVariousFinancialMatters id="Tag346" decimals="-6" contextRef="I2013" unitRef="USD"> 110000000 </penn:AggregateCommittedAmountPayableForCertainClarificationsRelatedToVariousFinancialMatters>
<penn:PeriodToPayAggregateCommittedAmountForCertainClarificationsRelatedToVariousFinancialMatters id="Tag347" contextRef="D2013"> P10Y </penn:PeriodToPayAggregateCommittedAmountForCertainClarificationsRelatedToVariousFinancialMatters>
<penn:NonCompetitionPeriodWithStateOfOhio id="Tag348" contextRef="D2013"> P10Y </penn:NonCompetitionPeriodWithStateOfOhio>
<penn:CommittedAmountPayableUponOpeningOfEachFacility id="Tag349" decimals="-5" contextRef="I2013" unitRef="USD"> 7500000 </penn:CommittedAmountPayableUponOpeningOfEachFacility>
<penn:NumberOfSemiAnnualInstallmentPayments id="Tag350" decimals="INF" contextRef="I2013" unitRef="Semi-annual_Installment_Payment"> 18 </penn:NumberOfSemiAnnualInstallmentPayments>
<penn:SemiAnnualInstallmentPaymentsForCertainClarificationsRelatedToVariousFinancialMatters id="Tag351" decimals="-5" contextRef="D2013" unitRef="USD"> 4800000 </penn:SemiAnnualInstallmentPaymentsForCertainClarificationsRelatedToVariousFinancialMatters>
<penn:PeriodAfterOpeningOfEachFacilityToPayFirstInstallment id="Tag352" contextRef="D2013"> P1Y </penn:PeriodAfterOpeningOfEachFacilityToPayFirstInstallment>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent id="Tag353" decimals="-3" contextRef="I2013" unitRef="USD"> 381180000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears id="Tag354" decimals="-3" contextRef="I2013" unitRef="USD"> 379896000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears id="Tag355" decimals="-3" contextRef="I2013" unitRef="USD"> 379109000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFourYears id="Tag356" decimals="-3" contextRef="I2013" unitRef="USD"> 378694000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFourYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFiveYears id="Tag357" decimals="-3" contextRef="I2013" unitRef="USD"> 370940000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFiveYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueThereafter id="Tag358" decimals="-3" contextRef="I2013" unitRef="USD"> 3261251000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueThereafter>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDue id="Tag359" decimals="-3" contextRef="I2013" unitRef="USD"> 5151070000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDue>
<penn:ConstructionProgramCapitalExpendituresForNextFiscalYear id="Tag360" decimals="-5" contextRef="I2013" unitRef="USD"> 111500000 </penn:ConstructionProgramCapitalExpendituresForNextFiscalYear>
<us-gaap:UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary id="Tag361" decimals="-5" contextRef="I2013" unitRef="USD"> 20100000 </us-gaap:UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary>
<us-gaap:DefinedContributionPlanEmployerMatchingContributionPercentOfMatch id="Tag362" decimals="2" contextRef="D2013" unitRef="Pure"> 0.50 </us-gaap:DefinedContributionPlanEmployerMatchingContributionPercentOfMatch>
<us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent id="Tag363" decimals="2" contextRef="D2013" unitRef="Pure"> 0.06 </us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent>
<us-gaap:DeferredCompensationArrangementWithIndividualEmployerContribution id="Tag364" decimals="-5" contextRef="D2012" unitRef="USD"> 3700000 </us-gaap:DeferredCompensationArrangementWithIndividualEmployerContribution>
<us-gaap:DeferredCompensationArrangementWithIndividualEmployerContribution id="Tag365" decimals="-5" contextRef="D2011" unitRef="USD"> 3700000 </us-gaap:DeferredCompensationArrangementWithIndividualEmployerContribution>
<us-gaap:DeferredCompensationArrangementWithIndividualEmployerContribution id="Tag366" decimals="-5" contextRef="D2013" unitRef="USD"> 4600000 </us-gaap:DeferredCompensationArrangementWithIndividualEmployerContribution>
<penn:DefinedContributionPlanEmployerContributionAsPercentageOfDailyMutualHandle id="Tag367" decimals="4" contextRef="D2013" unitRef="Pure"> 0.0025 </penn:DefinedContributionPlanEmployerContributionAsPercentageOfDailyMutualHandle>
<penn:DefinedContributionPlanEmployerContributionAsPercentageOfTableRevenueAfterBaseIsMet id="Tag368" decimals="3" contextRef="D2013" unitRef="Pure"> 0.005 </penn:DefinedContributionPlanEmployerContributionAsPercentageOfTableRevenueAfterBaseIsMet>
<penn:DefinedContributionPlanEmployerContributionAsPercentageOfPokerRevenueAfterBaseIsMet id="Tag369" decimals="4" contextRef="D2013" unitRef="Pure"> 0.0084 </penn:DefinedContributionPlanEmployerContributionAsPercentageOfPokerRevenueAfterBaseIsMet>
<penn:DefinedContributionPlanNumberOfPlans id="Tag370" decimals="INF" contextRef="D2013" unitRef="Plan"> 2 </penn:DefinedContributionPlanNumberOfPlans>
<us-gaap:DefinedContributionPlanCostRecognized id="Tag371" decimals="-5" contextRef="D2012" unitRef="USD"> 3900000 </us-gaap:DefinedContributionPlanCostRecognized>
<us-gaap:DefinedContributionPlanCostRecognized id="Tag372" decimals="-5" contextRef="D2011" unitRef="USD"> 3800000 </us-gaap:DefinedContributionPlanCostRecognized>
<us-gaap:DefinedContributionPlanCostRecognized id="Tag373" decimals="-5" contextRef="D2013" unitRef="USD"> 3600000 </us-gaap:DefinedContributionPlanCostRecognized>
<us-gaap:DeferredCompensationArrangementWithIndividualRequisiteServicePeriod id="Tag374" contextRef="D2013"> P5Y </us-gaap:DeferredCompensationArrangementWithIndividualRequisiteServicePeriod>
<penn:NonqualifiedDeferredCompensationArrangementWithIndividualEmployerContribution id="Tag375" decimals="-5" contextRef="D2012" unitRef="USD"> 2700000 </penn:NonqualifiedDeferredCompensationArrangementWithIndividualEmployerContribution>
<penn:NonqualifiedDeferredCompensationArrangementWithIndividualEmployerContribution id="Tag376" decimals="-5" contextRef="D2011" unitRef="USD"> 2300000 </penn:NonqualifiedDeferredCompensationArrangementWithIndividualEmployerContribution>
<penn:NonqualifiedDeferredCompensationArrangementWithIndividualEmployerContribution id="Tag377" decimals="-5" contextRef="D2013" unitRef="USD"> 2300000 </penn:NonqualifiedDeferredCompensationArrangementWithIndividualEmployerContribution>
<us-gaap:DeferredCompensationLiabilityCurrent id="Tag378" decimals="-5" contextRef="I2012" unitRef="USD"> 52400000 </us-gaap:DeferredCompensationLiabilityCurrent>
<us-gaap:DeferredCompensationLiabilityCurrent id="Tag379" decimals="-5" contextRef="I2013" unitRef="USD"> 53700000 </us-gaap:DeferredCompensationLiabilityCurrent>
<penn:AgreementsWithSEATUUnionNumberOfEmployees id="Tag380" decimals="INF" contextRef="D2013" unitRef="Employee"> 1600 </penn:AgreementsWithSEATUUnionNumberOfEmployees>
<penn:AgreementsWithHotelEmployeesAndRestaurantEmployeesUnionNumberOfEmployees id="Tag381" decimals="INF" contextRef="D2013" unitRef="Employee"> 210 </penn:AgreementsWithHotelEmployeesAndRestaurantEmployeesUnionNumberOfEmployees>
<penn:ThresholdNumberOfEmployeesUnderAgreementForSeparateDisclosureOfUnions id="Tag382" decimals="INF" contextRef="D2013_NumberOfEmployeesTotalMember_UnionizedEmployeesConcentrationRiskMember" unitRef="Employee"> 75 </penn:ThresholdNumberOfEmployeesUnderAgreementForSeparateDisclosureOfUnions>
<us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock id="Tag383" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 575px;" border="0" cellspacing="0" cellpadding="0" width="575"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Deferred tax assets:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Stock-based compensation expense</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">51,045</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">48,098</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accrued expenses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">57,387</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">64,047</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Intangibles</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">43,204</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Deferred tax assets resulting from unrecognized tax benefits</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,817</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,839</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net operating losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">4,690</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,935</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accumulated other comprehensive loss</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,863</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,709</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Gross deferred tax assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">169,006</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">132,628</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Less valuation allowance</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(3,664</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(3,221</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net deferred tax assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">165,342</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">129,407</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Deferred tax liabilities:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Property, plant and equipment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(102,379</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(174,285</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Investments in unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(5,782</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Intangibles</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(131,686</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net deferred tax liabilities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(108,161</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(305,971</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">57,181</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(176,564</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Reflected on consolidated balance sheets:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Current deferred tax assets, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">71,093</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">39,793</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Noncurrent deferred tax liabilities, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(13,912</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(216,357</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net deferred taxes</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">57,181</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(176,564</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
<us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock id="Tag384" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 529px;" border="0" cellspacing="0" cellpadding="0" width="529"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Current tax expense (benefit)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Federal</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">96,537</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">96,490</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">106,982</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">State</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,200</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">14,448</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">23,392</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">4,708</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(3,366</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(5,053</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total current</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">103,445</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">107,572</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">125,321</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Deferred tax (benefit) expense</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Federal</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(207,337</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">44,874</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,893</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">State</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(17,646</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">109</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(3,333</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total deferred</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(224,983</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">44,983</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">21,560</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total income tax (benefit) provision</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(121,538</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">152,555</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">146,881</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
<us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock id="Tag385" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 561px;" border="0" cellspacing="0" cellpadding="0" width="561"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="18"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="31"></td> <td style="FONT-FAMILY: times;" width="18"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="26"></td> <td style="FONT-FAMILY: times;" width="18"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="26"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Percent of pretax (loss) income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Federal taxes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">State and local income taxes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.1</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.4</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3.4</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Permanent differences</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(22.7</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5.3</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2.2</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(0.1</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.2</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1.6</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Other miscellaneous items</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.0</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(0.1</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1.3</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">13.3</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">41.8</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">37.7</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><br /></font> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 569px;" border="0" cellspacing="0" cellpadding="0" width="569"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Amount based upon pretax (loss) income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Federal taxes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(320,557</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">127,584</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">136,205</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">State and local income taxes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(9,677</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,044</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">13,398</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Permanent differences</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">207,928</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">19,223</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">8,405</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,200</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">886</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(6,223</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Other miscellaneous items</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(432</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(182</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(4,904</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(121,538</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">152,555</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">146,881</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
<us-gaap:SummaryOfIncomeTaxContingenciesTextBlock id="Tag386" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 85.66%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="69"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Noncurrent<br /> tax liabilities</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2011</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">33,872</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Additions based on current year positions</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,465</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Additions based on prior year positions</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,919</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Payments made on account</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(13,123</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Decreases due to settlements and/or reduction in liabilities</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(9,639</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Currency translation adjustments</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">899</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">20,393</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Additions based on current year positions</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,875</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Additions based on prior year positions</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,056</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Decreases due to settlements and/or reduction in reserves</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(5,536</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Currency translation adjustments</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1,822</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">19,966</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:SummaryOfIncomeTaxContingenciesTextBlock>
<us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost id="Tag387" decimals="-3" contextRef="I2013" unitRef="USD"> 51045000 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost>
<us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost id="Tag388" decimals="-3" contextRef="I2012" unitRef="USD"> 48098000 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost>
<us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities id="Tag389" decimals="-3" contextRef="I2013" unitRef="USD"> 57387000 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities>
<us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities id="Tag390" decimals="-3" contextRef="I2012" unitRef="USD"> 64047000 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities>
<penn:DeferredTaxAssetsUnrecognizedTaxBenefits id="Tag391" decimals="-3" contextRef="I2013" unitRef="USD"> 10817000 </penn:DeferredTaxAssetsUnrecognizedTaxBenefits>
<penn:DeferredTaxAssetsUnrecognizedTaxBenefits id="Tag392" decimals="-3" contextRef="I2012" unitRef="USD"> 10839000 </penn:DeferredTaxAssetsUnrecognizedTaxBenefits>
<us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal id="Tag393" decimals="-3" contextRef="I2013" unitRef="USD"> 4690000 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal>
<us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal id="Tag394" decimals="-3" contextRef="I2012" unitRef="USD"> 6935000 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal>
<us-gaap:DeferredTaxAssetsOtherComprehensiveLoss id="Tag395" decimals="-3" contextRef="I2013" unitRef="USD"> 1863000 </us-gaap:DeferredTaxAssetsOtherComprehensiveLoss>
<us-gaap:DeferredTaxAssetsOtherComprehensiveLoss id="Tag396" decimals="-3" contextRef="I2012" unitRef="USD"> 2709000 </us-gaap:DeferredTaxAssetsOtherComprehensiveLoss>
<us-gaap:DeferredTaxAssetsGross id="Tag397" decimals="-3" contextRef="I2013" unitRef="USD"> 169006000 </us-gaap:DeferredTaxAssetsGross>
<us-gaap:DeferredTaxAssetsGross id="Tag398" decimals="-3" contextRef="I2012" unitRef="USD"> 132628000 </us-gaap:DeferredTaxAssetsGross>
<us-gaap:DeferredTaxAssetsValuationAllowance id="Tag399" decimals="-3" contextRef="I2013" unitRef="USD"> 3664000 </us-gaap:DeferredTaxAssetsValuationAllowance>
<us-gaap:DeferredTaxAssetsValuationAllowance id="Tag400" decimals="-3" contextRef="I2012" unitRef="USD"> 3221000 </us-gaap:DeferredTaxAssetsValuationAllowance>
<us-gaap:DeferredTaxAssetsNet id="Tag401" decimals="-3" contextRef="I2013" unitRef="USD"> 165342000 </us-gaap:DeferredTaxAssetsNet>
<us-gaap:DeferredTaxAssetsNet id="Tag402" decimals="-3" contextRef="I2012" unitRef="USD"> 129407000 </us-gaap:DeferredTaxAssetsNet>
<us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment id="Tag403" decimals="-3" contextRef="I2013" unitRef="USD"> 102379000 </us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment>
<us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment id="Tag404" decimals="-3" contextRef="I2012" unitRef="USD"> 174285000 </us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment>
<us-gaap:DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets id="Tag405" decimals="-3" contextRef="I2012" unitRef="USD"> 131686000 </us-gaap:DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets>
<us-gaap:DeferredTaxLiabilities id="Tag406" decimals="-3" contextRef="I2013" unitRef="USD"> 108161000 </us-gaap:DeferredTaxLiabilities>
<us-gaap:DeferredTaxLiabilities id="Tag407" decimals="-3" contextRef="I2012" unitRef="USD"> 305971000 </us-gaap:DeferredTaxLiabilities>
<us-gaap:CurrentFederalTaxExpenseBenefit id="Tag408" decimals="-3" contextRef="D2013" unitRef="USD"> 96537000 </us-gaap:CurrentFederalTaxExpenseBenefit>
<us-gaap:DeferredTaxAssetsLiabilitiesNet id="Tag409" decimals="-3" contextRef="I2012" unitRef="USD"> -176564000 </us-gaap:DeferredTaxAssetsLiabilitiesNet>
<us-gaap:DeferredTaxAssetsNetCurrent id="Tag410" decimals="-3" contextRef="I2013" unitRef="USD"> 71093000 </us-gaap:DeferredTaxAssetsNetCurrent>
<us-gaap:DeferredTaxAssetsNetCurrent id="Tag411" decimals="-3" contextRef="I2012" unitRef="USD"> 39793000 </us-gaap:DeferredTaxAssetsNetCurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent id="Tag412" decimals="-3" contextRef="I2013" unitRef="USD"> 13912000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxLiabilitiesNoncurrent id="Tag413" decimals="-3" contextRef="I2012" unitRef="USD"> 216357000 </us-gaap:DeferredTaxLiabilitiesNoncurrent>
<us-gaap:DeferredTaxAssetsLiabilitiesNet id="Tag414" decimals="-3" contextRef="I2013" unitRef="USD"> 57181000 </us-gaap:DeferredTaxAssetsLiabilitiesNet>
<us-gaap:CurrentFederalTaxExpenseBenefit id="Tag415" decimals="-3" contextRef="D2012" unitRef="USD"> 96490000 </us-gaap:CurrentFederalTaxExpenseBenefit>
<us-gaap:GoodwillImpairmentLoss id="Tag416" decimals="-3" contextRef="D2013_FairValueMeasurementsNonrecurringMember" unitRef="USD"> 807464000 </us-gaap:GoodwillImpairmentLoss>
<us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal id="Tag417" decimals="-5" contextRef="I2013_StateAndLocalJurisdictionMember" unitRef="USD"> 4400000 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal>
<us-gaap:OperatingLossCarryforwardsValuationAllowance id="Tag418" decimals="-5" contextRef="I2013_StateAndLocalJurisdictionMember" unitRef="USD"> 3400000 </us-gaap:OperatingLossCarryforwardsValuationAllowance>
<penn:OperatingLossCarryforwardsAttributableToUncertainTaxPositions id="Tag419" decimals="-8" contextRef="I2013_StateAndLocalJurisdictionMember_SubsidiariesMember" unitRef="USD"> 1400000000 </penn:OperatingLossCarryforwardsAttributableToUncertainTaxPositions>
<us-gaap:UnrecognizedTaxBenefitsResultingInNetOperatingLossCarryforward id="Tag420" decimals="-5" contextRef="I2013_StateAndLocalJurisdictionMember_SubsidiariesMember" unitRef="USD"> 86300000 </us-gaap:UnrecognizedTaxBenefitsResultingInNetOperatingLossCarryforward>
<penn:IncreaseToEquityInEventOfBenefitFromRealizationOfNetOperatingLosses id="Tag421" decimals="-5" contextRef="D2013_StateAndLocalJurisdictionMember_SubsidiariesMember" unitRef="USD"> 9700000 </penn:IncreaseToEquityInEventOfBenefitFromRealizationOfNetOperatingLosses>
<us-gaap:CurrentFederalTaxExpenseBenefit id="Tag422" decimals="-3" contextRef="D2011" unitRef="USD"> 106982000 </us-gaap:CurrentFederalTaxExpenseBenefit>
<us-gaap:CurrentStateAndLocalTaxExpenseBenefit id="Tag423" decimals="-3" contextRef="D2013" unitRef="USD"> 2200000 </us-gaap:CurrentStateAndLocalTaxExpenseBenefit>
<us-gaap:CurrentForeignTaxExpenseBenefit id="Tag424" decimals="-3" contextRef="D2013" unitRef="USD"> 4708000 </us-gaap:CurrentForeignTaxExpenseBenefit>
<us-gaap:CurrentIncomeTaxExpenseBenefit id="Tag425" decimals="-3" contextRef="D2013" unitRef="USD"> 103445000 </us-gaap:CurrentIncomeTaxExpenseBenefit>
<us-gaap:CurrentStateAndLocalTaxExpenseBenefit id="Tag426" decimals="-3" contextRef="D2012" unitRef="USD"> 14448000 </us-gaap:CurrentStateAndLocalTaxExpenseBenefit>
<us-gaap:CurrentForeignTaxExpenseBenefit id="Tag427" decimals="-3" contextRef="D2012" unitRef="USD"> -3366000 </us-gaap:CurrentForeignTaxExpenseBenefit>
<us-gaap:CurrentIncomeTaxExpenseBenefit id="Tag428" decimals="-3" contextRef="D2012" unitRef="USD"> 107572000 </us-gaap:CurrentIncomeTaxExpenseBenefit>
<us-gaap:CurrentStateAndLocalTaxExpenseBenefit id="Tag429" decimals="-3" contextRef="D2011" unitRef="USD"> 23392000 </us-gaap:CurrentStateAndLocalTaxExpenseBenefit>
<us-gaap:CurrentForeignTaxExpenseBenefit id="Tag430" decimals="-3" contextRef="D2011" unitRef="USD"> -5053000 </us-gaap:CurrentForeignTaxExpenseBenefit>
<us-gaap:CurrentIncomeTaxExpenseBenefit id="Tag431" decimals="-3" contextRef="D2011" unitRef="USD"> 125321000 </us-gaap:CurrentIncomeTaxExpenseBenefit>
<us-gaap:DeferredFederalIncomeTaxExpenseBenefit id="Tag432" decimals="-3" contextRef="D2013" unitRef="USD"> -207337000 </us-gaap:DeferredFederalIncomeTaxExpenseBenefit>
<us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit id="Tag433" decimals="-3" contextRef="D2013" unitRef="USD"> -17646000 </us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit>
<us-gaap:DeferredIncomeTaxExpenseBenefit id="Tag434" decimals="-3" contextRef="D2013" unitRef="USD"> -224983000 </us-gaap:DeferredIncomeTaxExpenseBenefit>
<penn:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositionsTaxReserves id="Tag435" decimals="-5" contextRef="D2013" unitRef="USD"> 5900000 </penn:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositionsTaxReserves>
<us-gaap:DeferredFederalIncomeTaxExpenseBenefit id="Tag436" decimals="-3" contextRef="D2012" unitRef="USD"> 44874000 </us-gaap:DeferredFederalIncomeTaxExpenseBenefit>
<us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit id="Tag437" decimals="-3" contextRef="D2012" unitRef="USD"> 109000 </us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit>
<us-gaap:DeferredIncomeTaxExpenseBenefit id="Tag438" decimals="-3" contextRef="D2012" unitRef="USD"> 44983000 </us-gaap:DeferredIncomeTaxExpenseBenefit>
<penn:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositionsAccruedInterest id="Tag439" decimals="-5" contextRef="D2013" unitRef="USD"> 5900000 </penn:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositionsAccruedInterest>
<us-gaap:DeferredFederalIncomeTaxExpenseBenefit id="Tag440" decimals="-3" contextRef="D2011" unitRef="USD"> 24893000 </us-gaap:DeferredFederalIncomeTaxExpenseBenefit>
<us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit id="Tag441" decimals="-3" contextRef="D2011" unitRef="USD"> -3333000 </us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit>
<us-gaap:DeferredIncomeTaxExpenseBenefit id="Tag442" decimals="-3" contextRef="D2011" unitRef="USD"> 21560000 </us-gaap:DeferredIncomeTaxExpenseBenefit>
<us-gaap:IncomeTaxExpenseBenefit id="Tag443" decimals="-3" contextRef="D2011" unitRef="USD"> 146881000 </us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate id="Tag444" decimals="INF" contextRef="D2013" unitRef="Pure"> 0.350 </us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>
<us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes id="Tag445" decimals="3" contextRef="D2013" unitRef="Pure"> 0.011 </us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
<penn:EffectiveIncomeTaxRateReconciliationPermanentDifferences id="Tag446" decimals="3" contextRef="D2013" unitRef="Pure"> -0.227 </penn:EffectiveIncomeTaxRateReconciliationPermanentDifferences>
<us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential id="Tag447" decimals="3" contextRef="D2013" unitRef="Pure"> -0.001 </us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential>
<us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments id="Tag448" decimals="3" contextRef="D2013" unitRef="Pure"> 0.000 </us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments>
<us-gaap:EffectiveIncomeTaxRateContinuingOperations id="Tag449" decimals="3" contextRef="D2013" unitRef="Pure"> 0.133 </us-gaap:EffectiveIncomeTaxRateContinuingOperations>
<us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate id="Tag450" decimals="INF" contextRef="D2012" unitRef="Pure"> 0.350 </us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>
<us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes id="Tag451" decimals="3" contextRef="D2012" unitRef="Pure"> 0.014 </us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
<penn:EffectiveIncomeTaxRateReconciliationPermanentDifferences id="Tag452" decimals="3" contextRef="D2012" unitRef="Pure"> 0.053 </penn:EffectiveIncomeTaxRateReconciliationPermanentDifferences>
<us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential id="Tag453" decimals="3" contextRef="D2012" unitRef="Pure"> 0.002 </us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential>
<us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments id="Tag454" decimals="3" contextRef="D2012" unitRef="Pure"> -0.001 </us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments>
<us-gaap:EffectiveIncomeTaxRateContinuingOperations id="Tag455" decimals="3" contextRef="D2012" unitRef="Pure"> 0.418 </us-gaap:EffectiveIncomeTaxRateContinuingOperations>
<us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate id="Tag456" decimals="INF" contextRef="D2011" unitRef="Pure"> 0.350 </us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>
<us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes id="Tag457" decimals="3" contextRef="D2011" unitRef="Pure"> 0.034 </us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
<penn:EffectiveIncomeTaxRateReconciliationPermanentDifferences id="Tag458" decimals="3" contextRef="D2011" unitRef="Pure"> 0.022 </penn:EffectiveIncomeTaxRateReconciliationPermanentDifferences>
<us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential id="Tag459" decimals="3" contextRef="D2011" unitRef="Pure"> -0.016 </us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential>
<us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments id="Tag460" decimals="3" contextRef="D2011" unitRef="Pure"> -0.013 </us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments>
<us-gaap:EffectiveIncomeTaxRateContinuingOperations id="Tag461" decimals="3" contextRef="D2011" unitRef="Pure"> 0.377 </us-gaap:EffectiveIncomeTaxRateContinuingOperations>
<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate id="Tag462" decimals="-3" contextRef="D2013" unitRef="USD"> -320557000 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
<us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes id="Tag463" decimals="-3" contextRef="D2013" unitRef="USD"> -9677000 </us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes>
<penn:IncomeTaxReconciliationPermanentDifferences id="Tag464" decimals="-3" contextRef="D2013" unitRef="USD"> 207928000 </penn:IncomeTaxReconciliationPermanentDifferences>
<us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential id="Tag465" decimals="-3" contextRef="D2013" unitRef="USD"> 1200000 </us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential>
<us-gaap:IncomeTaxReconciliationOtherAdjustments id="Tag466" decimals="-3" contextRef="D2013" unitRef="USD"> -432000 </us-gaap:IncomeTaxReconciliationOtherAdjustments>
<us-gaap:IncomeTaxExpenseBenefit id="Tag467" decimals="-3" contextRef="D2013" unitRef="USD"> -121538000 </us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate id="Tag468" decimals="-3" contextRef="D2012" unitRef="USD"> 127584000 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
<us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes id="Tag469" decimals="-3" contextRef="D2012" unitRef="USD"> 5044000 </us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes>
<penn:IncomeTaxReconciliationPermanentDifferences id="Tag470" decimals="-3" contextRef="D2012" unitRef="USD"> 19223000 </penn:IncomeTaxReconciliationPermanentDifferences>
<us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential id="Tag471" decimals="-3" contextRef="D2012" unitRef="USD"> 886000 </us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential>
<us-gaap:IncomeTaxReconciliationOtherAdjustments id="Tag472" decimals="-3" contextRef="D2012" unitRef="USD"> -182000 </us-gaap:IncomeTaxReconciliationOtherAdjustments>
<us-gaap:IncomeTaxExpenseBenefit id="Tag473" decimals="-3" contextRef="D2012" unitRef="USD"> 152555000 </us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate id="Tag474" decimals="-3" contextRef="D2011" unitRef="USD"> 136205000 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
<us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes id="Tag475" decimals="-3" contextRef="D2011" unitRef="USD"> 13398000 </us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes>
<penn:IncomeTaxReconciliationPermanentDifferences id="Tag476" decimals="-3" contextRef="D2011" unitRef="USD"> 8405000 </penn:IncomeTaxReconciliationPermanentDifferences>
<us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential id="Tag477" decimals="-3" contextRef="D2011" unitRef="USD"> -6223000 </us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential>
<us-gaap:IncomeTaxReconciliationOtherAdjustments id="Tag478" decimals="-3" contextRef="D2011" unitRef="USD"> -4904000 </us-gaap:IncomeTaxReconciliationOtherAdjustments>
<penn:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositionsTaxReserves id="Tag479" decimals="-5" contextRef="D2013" unitRef="USD"> 1100000 </penn:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositionsTaxReserves>
<us-gaap:UnrecognizedTaxBenefits id="Tag480" decimals="-3" contextRef="I2011" unitRef="USD"> 33872000 </us-gaap:UnrecognizedTaxBenefits>
<us-gaap:UnrecognizedTaxBenefits id="Tag481" decimals="-3" contextRef="I2012" unitRef="USD"> 20393000 </us-gaap:UnrecognizedTaxBenefits>
<us-gaap:UnrecognizedTaxBenefits id="Tag482" decimals="-3" contextRef="I2013" unitRef="USD"> 19966000 </us-gaap:UnrecognizedTaxBenefits>
<us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions id="Tag483" decimals="-3" contextRef="D2012" unitRef="USD"> 2465000 </us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions>
<us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions id="Tag484" decimals="-3" contextRef="D2013" unitRef="USD"> 5875000 </us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions>
<us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions id="Tag485" decimals="-3" contextRef="D2012" unitRef="USD"> 5919000 </us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions>
<us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions id="Tag486" decimals="-3" contextRef="D2013" unitRef="USD"> 1056000 </us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions>
<penn:UnrecognizedTaxBenefitsDecreasesResultingFromPaymentsMade id="Tag487" decimals="-3" contextRef="D2012" unitRef="USD"> 13123000 </penn:UnrecognizedTaxBenefitsDecreasesResultingFromPaymentsMade>
<us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation id="Tag488" decimals="-3" contextRef="D2012" unitRef="USD"> -899000 </us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation>
<us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation id="Tag489" decimals="-3" contextRef="D2013" unitRef="USD"> 1822000 </us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation>
<us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities id="Tag490" decimals="-3" contextRef="D2012" unitRef="USD"> 9639000 </us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities>
<penn:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositionsAccruedInterest id="Tag491" decimals="-5" contextRef="D2013" unitRef="USD"> 5100000 </penn:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositionsAccruedInterest>
<penn:UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthoritiesTaxReserves id="Tag492" decimals="-5" contextRef="D2013" unitRef="USD"> 500000 </penn:UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthoritiesTaxReserves>
<penn:UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthoritiesAccruedInterest id="Tag493" decimals="-5" contextRef="D2013" unitRef="USD"> 500000 </penn:UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthoritiesAccruedInterest>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice id="Tag494" decimals="2" contextRef="I2013_EmployeeStockOptionMember" unitRef="USDPerShare"> 7.24 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
<us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate id="Tag495" decimals="-5" contextRef="I2012" unitRef="USD"> 19900000 </us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate>
<us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate id="Tag496" decimals="-5" contextRef="I2013" unitRef="USD"> 21300000 </us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate>
<penn:UnrecognizedTaxBenefitsCurrencyTranslationAdjustments id="Tag497" decimals="-5" contextRef="D2012" unitRef="USD"> -900000 </penn:UnrecognizedTaxBenefitsCurrencyTranslationAdjustments>
<penn:UnrecognizedTaxBenefitsCurrencyTranslationAdjustments id="Tag498" decimals="-5" contextRef="D2013" unitRef="USD"> 1800000 </penn:UnrecognizedTaxBenefitsCurrencyTranslationAdjustments>
<us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense id="Tag499" decimals="-3" contextRef="D2012" unitRef="USD"> 88000 </us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense>
<us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense id="Tag500" decimals="-5" contextRef="D2013" unitRef="USD"> 700000 </us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense>
<penn:UnrecognizedTaxBenefitsReversalOfPreviouslyAccruedInterestAndPenalties id="Tag501" decimals="-5" contextRef="D2013" unitRef="USD"> 300000 </penn:UnrecognizedTaxBenefitsReversalOfPreviouslyAccruedInterestAndPenalties>
<us-gaap:PrepaidTaxes id="Tag502" decimals="-5" contextRef="I2012" unitRef="USD"> 68400000 </us-gaap:PrepaidTaxes>
<us-gaap:PrepaidTaxes id="Tag503" decimals="-5" contextRef="I2013" unitRef="USD"> 39400000 </us-gaap:PrepaidTaxes>
<us-gaap:StockRepurchasedAndRetiredDuringPeriodShares id="Tag504" decimals="INF" contextRef="D2011_CommonStockMember" unitRef="Shares"> 2981406 </us-gaap:StockRepurchasedAndRetiredDuringPeriodShares>
<us-gaap:StockRepurchasedAndRetiredDuringPeriodValue id="Tag505" decimals="-5" contextRef="D2011_CommonStockMember" unitRef="USD"> 105200000 </us-gaap:StockRepurchasedAndRetiredDuringPeriodValue>
<us-gaap:TreasuryStockAcquiredAverageCostPerShare id="Tag506" decimals="2" contextRef="D2011_CommonStockMember" unitRef="USDPerShare"> 35.29 </us-gaap:TreasuryStockAcquiredAverageCostPerShare>
<penn:MergerAgreementConsiderationPerShareBeforeTermination id="Tag507" decimals="2" contextRef="D2007Q2_M0615" unitRef="USDPerShare"> 67.00 </penn:MergerAgreementConsiderationPerShareBeforeTermination>
<penn:MergerAgreementTerminationTotalConsideration id="Tag508" decimals="-6" contextRef="D2008Q3_M0703" unitRef="USD"> 1475000000 </penn:MergerAgreementTerminationTotalConsideration>
<penn:MergerAgreementTerminationNonrefundableCashTerminationFee id="Tag509" decimals="-6" contextRef="D2008Q3_M0703" unitRef="USD"> 225000000 </penn:MergerAgreementTerminationNonrefundableCashTerminationFee>
<penn:MergerAgreementTerminationPreferredEquityInvestment id="Tag510" decimals="-7" contextRef="I2008Q3_M0703" unitRef="USD"> 1250000000 </penn:MergerAgreementTerminationPreferredEquityInvestment>
<us-gaap:StockIssuedDuringPeriodSharesNewIssues id="Tag511" decimals="INF" contextRef="D2008Q4_M1030_SeriesBPreferredStockMember" unitRef="Shares"> 12500 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>
<us-gaap:AssetImpairmentCharges id="Tag512" decimals="-3" contextRef="D2013_FairValueMeasurementsNonrecurringMember" unitRef="USD"> 1132417000 </us-gaap:AssetImpairmentCharges>
<us-gaap:StockRepurchasedDuringPeriodShares id="Tag513" decimals="INF" contextRef="D2010_SeriesBPreferredStockMember" unitRef="Shares"> 225 </us-gaap:StockRepurchasedDuringPeriodShares>
<us-gaap:StockRepurchasedDuringPeriodValue id="Tag514" decimals="-5" contextRef="D2010_SeriesBPreferredStockMember" unitRef="USD"> 11200000 </us-gaap:StockRepurchasedDuringPeriodValue>
<us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased id="Tag515" decimals="INF" contextRef="I2013Q4_M1011_SeriesBPreferredStockMember_CenterbridgePartnersLPMember" unitRef="Shares"> 2300 </us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased>
<us-gaap:StockRepurchasedDuringPeriodShares id="Tag516" decimals="INF" contextRef="D2013Q1_M02_SeriesBPreferredStockMember_WellsFargoInvestmentHoldingsLLCMember" unitRef="Shares"> 225 </us-gaap:StockRepurchasedDuringPeriodShares>
<us-gaap:PreferredStockSharesOutstanding id="Tag517" decimals="INF" contextRef="I2013_SeriesCPreferredStockMember_AffiliateOfFortressInvestmentGroupLLCMember" unitRef="Shares"> 8624 </us-gaap:PreferredStockSharesOutstanding>
<us-gaap:ConvertiblePreferredStockSharesIssuedUponConversion id="Tag518" decimals="INF" contextRef="I2013_SeriesCPreferredStockMember" unitRef="Shares"> 1000 </us-gaap:ConvertiblePreferredStockSharesIssuedUponConversion>
<us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock id="Tag519" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 79.25%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="110%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="68"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="82"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="73"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="69"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Number of<br /> Option Shares</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Weighted-Average<br /> Exercise Price</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Weighted-<br /> Average<br /> Remaining<br /> Contractual<br /> Term (in years)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Aggregate<br /> Intrinsic Value<br /> (in thousands)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Outstanding at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">11,805,688</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">7.33</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Exercised</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(2,452,865</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.95</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Exchanged(1)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(2,022,985</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">7.14</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Canceled</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(13,125</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.64</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Outstanding at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">7,316,713</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">7.51</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3.35</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">52,052</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --><!-- COMMAND=ADD_LINERULETXT,NOSHADE COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" --> <hr style="COLOR: #000000;" align="left" size="1" width="26%" noshade="noshade" /></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">(1)</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Represents the impact of Peter M. Carlino's option exchange transaction, in connection with the Spin-Off, which occurred on November 1, 2013.</font></dd></dl></div></div>
</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod id="Tag520" decimals="INF" contextRef="D2013_EmployeeStockOptionMember" unitRef="Shares"> 0 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod>
<us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock id="Tag521" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2">The following table summarizes information about stock options outstanding at December 31, 2013:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>Exercise Price Range</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>$2.83 to<br /> $6.81</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>$6.96 to<br /> $8.19</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>$8.33 to<br /> $14.41</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>$2.83 to<br /> $14.41</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Outstanding options</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Number outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,611,174</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,537,258</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,168,281</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7,316,713</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average remaining contractual life (years)</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.16</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3.81</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">4.23</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3.35</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average exercise price</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5.96</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7.64</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9.22</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7.51</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Exercisable options</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Number outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,253,143</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,927,821</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,150,688</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,331,652</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average exercise price</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5.89</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7.47</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9.50</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7.24</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        </font></p> </div>
</us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock>
<us-gaap:ScheduleOfNonvestedShareActivityTableTextBlock id="Tag522" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 78.55%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="83"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Number of Award<br /> Shares</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Outstanding at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">210,527</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Awarded</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">257,500</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Released</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(85,782</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Exchanged(1)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(60,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Canceled</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(30,434</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Outstanding at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">291,811</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --><!-- COMMAND=ADD_LINERULETXT,NOSHADE COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" --> <hr style="COLOR: #000000;" align="left" size="1" width="26%" noshade="noshade" /></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">(1)</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Represents the impact of Peter M. Carlino's award exchange transaction, in connection with the Spin-Off, which occurred on November 1, 2013.</font></dd></dl></div></div>
</us-gaap:ScheduleOfNonvestedShareActivityTableTextBlock>
<penn:AreaOfLeasedExecutiveOfficeAndWarehouseSpace id="Tag523" decimals="INF" contextRef="D2013_AffiliatesOfEntityChairmanMember" unitRef="Square_Foot"> 49928 </penn:AreaOfLeasedExecutiveOfficeAndWarehouseSpace>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized id="Tag524" decimals="INF" contextRef="I2003Q2_M0601_LongTermIncentiveCompensationPlan2003Member" unitRef="Shares"> 12000000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
<penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardExercisePricePerShareAsPercentageOfFairMarketValueOfCommonStock id="Tag525" decimals="2" contextRef="D2003Q2_M0601_LongTermIncentiveCompensationPlan2003Member_IncentiveStockOptionsMember" unitRef="Pure"> 1.00 </penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardExercisePricePerShareAsPercentageOfFairMarketValueOfCommonStock>
<penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardExercisePricePerShareAsPercentageOfFairMarketValueOfCommonStock id="Tag526" decimals="2" contextRef="D2003Q2_M0601_LongTermIncentiveCompensationPlan2003Member_NonqualifiedStockOptionsMember" unitRef="Pure"> 0.85 </penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardExercisePricePerShareAsPercentageOfFairMarketValueOfCommonStock>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized id="Tag527" decimals="INF" contextRef="I2011Q2_M0609_LongTermIncentiveCompensationPlan2008Member" unitRef="Shares"> 9250000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit id="Tag528" decimals="2" contextRef="D2013_EmployeeStockOptionMember" unitRef="USDPerShare"> 2.83 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit id="Tag529" decimals="2" contextRef="D2013_EmployeeStockOptionMember" unitRef="USDPerShare"> 14.41 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="Tag530" decimals="INF" contextRef="I2012_EmployeeStockOptionMember" unitRef="Shares"> 11805688 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="Tag531" decimals="INF" contextRef="I2013_EmployeeStockOptionMember" unitRef="Shares"> 7316713 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised id="Tag532" decimals="INF" contextRef="D2013_EmployeeStockOptionMember" unitRef="Shares"> 2452865 </us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod id="Tag533" decimals="INF" contextRef="D2013_EmployeeStockOptionMember" unitRef="Shares"> 13125 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod>
<us-gaap:GoodwillImpairmentLoss id="Tag534" decimals="-5" contextRef="D2013Q4" unitRef="USD"> 1058400000 </us-gaap:GoodwillImpairmentLoss>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice id="Tag535" decimals="2" contextRef="I2012_EmployeeStockOptionMember" unitRef="USDPerShare"> 7.33 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice id="Tag536" decimals="2" contextRef="I2013_EmployeeStockOptionMember" unitRef="USDPerShare"> 7.51 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:DebtInstrumentInterestRateStatedPercentage id="Tag537" decimals="INF" contextRef="I2013_SeniorSubordinatedNotes8.75PercentDueAugust2019Member" unitRef="Pure"> 0.0875 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<penn:DebtInstrumentCallPremium id="Tag538" decimals="-5" contextRef="D2013Q4_SeniorSubordinatedNotes8.75PercentDueAugust2019Member" unitRef="USD"> 34700000 </penn:DebtInstrumentCallPremium>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice id="Tag539" decimals="2" contextRef="D2013_EmployeeStockOptionMember" unitRef="USDPerShare"> 6.95 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
<us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisTextBlock id="Tag540" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The amounts below represent the long-lived assets measured at fair value on a nonrecurring basis during the year ended December 31, 2013 (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 54%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="1"><!-- COMMAND=ADD_TABLEWIDTH,"150%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 680px;" border="0" cellspacing="0" cellpadding="0" width="680"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="105" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="92"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="53"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="78"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Balance<br /> Sheet<br /> Location</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Quoted Prices in<br /> Active Markets for<br /> Identical Assets or<br /> Liabilities (Level 1)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Significant<br /> Other<br /> Observable<br /> Inputs<br /> (Level 2)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Significant<br /> Unobservable<br /> Inputs<br /> (Level 3)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Balance at<br /> December 31,<br /> 2013<br /> Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total Reduction<br /> in Fair Value<br /> Recorded during<br /> the year ended<br /> December 31, 2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"><font size="1">Assets:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"><font size="1">Goodwill</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">Goodwill</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">136,975</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">136,975</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">(807,464</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"><font size="1">Intangible assets</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">Other intangible assets</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">234,819</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">234,819</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">(322,753</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"><font size="1">Long-lived assets</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">Other assets</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">6,452</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">6,452</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">(2,200</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="1"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"> </p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">(1,132,417</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="1"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; 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<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized id="Tag585" decimals="-5" contextRef="I2013_EmployeeStockOptionMember" unitRef="USD"> 13200000 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized id="Tag586" decimals="-5" contextRef="I2012_RestrictedStockMember" unitRef="USD"> 1700000 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
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<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 75.33%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 653px;" border="0" cellspacing="0" cellpadding="0" width="653"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="75"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Midwest</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>East/West</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Southern Plains</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Other</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="14" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Year ended December 31, 2013</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,021,069</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,186,951</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">678,745</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">31,989</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,918,754</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">(Loss) income from operations</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(641,951</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">241,822</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(173,706</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(198,137</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(771,972</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">120,584</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">69,493</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">84,341</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">23,908</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">298,326</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">825,645</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">268,342</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">38,430</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,132,417</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,735</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,078</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9,657</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Capital expenditures</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">95,829</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">30,125</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">68,834</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,125</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">199,913</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Year ended December 31, 2012</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">949,464</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,345,621</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">571,246</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">33,134</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,899,465</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from operations</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">206,462</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">291,627</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">132,153</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(187,653</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">442,589</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">92,689</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">88,688</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">49,408</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">14,563</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">245,348</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,210</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,406</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3,804</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Capital expenditures</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">388,639</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">43,234</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">35,534</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,578</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">472,985</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Year ended December 31, 2011</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">826,436</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,290,732</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">590,709</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">34,380</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,742,257</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from operations</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">211,356</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">263,423</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">137,580</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(112,778</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">499,581</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">62,844</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">85,723</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">53,764</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9,145</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">211,476</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">(Loss) income from unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(4,834</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">12,198</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7,364</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Capital expenditures</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">206,081</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">51,701</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">25,488</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9,811</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">293,081</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Balance sheet at December 31, 2013</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">580,478</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">442,207</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">725,491</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">435,815</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,183,991</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Investment in and advances to unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">79</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">127,749</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">65,503</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">193,331</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill and other intangible assets, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">196,040</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">216,470</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">419,976</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">19,560</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">852,046</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Balance sheet at December 31, 2012</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,318,283</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,198,391</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,680,773</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">446,610</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,644,057</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Investment in and advances to unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">87</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">138,514</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">65,905</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">204,506</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill and other intangible assets, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,025,505</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">226,047</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">779,787</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">55,827</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,087,166</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
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<us-gaap:EarningsPerShareBasic id="Tag719" decimals="2" contextRef="D2013Q4" unitRef="USDPerShare"> -11.40 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareDiluted id="Tag720" decimals="2" contextRef="D2013Q1" unitRef="USDPerShare"> 0.63 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted id="Tag721" decimals="2" contextRef="D2013Q2" unitRef="USDPerShare"> -0.16 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted id="Tag722" decimals="2" contextRef="D2013Q3" unitRef="USDPerShare"> 0.40 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted id="Tag723" decimals="2" contextRef="D2013Q4" unitRef="USDPerShare"> -11.40 </us-gaap:EarningsPerShareDiluted>
<us-gaap:Revenues id="Tag724" decimals="-3" contextRef="D2012Q1" unitRef="USD"> 736059000 </us-gaap:Revenues>
<us-gaap:Revenues id="Tag725" decimals="-3" contextRef="D2012Q2" unitRef="USD"> 712551000 </us-gaap:Revenues>
<us-gaap:Revenues id="Tag726" decimals="-3" contextRef="D2012Q3" unitRef="USD"> 707044000 </us-gaap:Revenues>
<us-gaap:Revenues id="Tag727" decimals="-3" contextRef="D2012Q4" unitRef="USD"> 743811000 </us-gaap:Revenues>
<us-gaap:OperatingIncomeLoss id="Tag728" decimals="-3" contextRef="D2012Q1" unitRef="USD"> 142615000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss id="Tag729" decimals="-3" contextRef="D2012Q2" unitRef="USD"> 128015000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss id="Tag730" decimals="-3" contextRef="D2012Q3" unitRef="USD"> 98666000 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss id="Tag731" decimals="-3" contextRef="D2012Q4" unitRef="USD"> 73293000 </us-gaap:OperatingIncomeLoss>
<us-gaap:NetIncomeLoss id="Tag732" decimals="-3" contextRef="D2012Q1" unitRef="USD"> 78619000 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss id="Tag733" decimals="-3" contextRef="D2012Q2" unitRef="USD"> 66667000 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss id="Tag734" decimals="-3" contextRef="D2012Q3" unitRef="USD"> 46446000 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss id="Tag735" decimals="-3" contextRef="D2012Q4" unitRef="USD"> 20239000 </us-gaap:NetIncomeLoss>
<us-gaap:EarningsPerShareBasic id="Tag736" decimals="2" contextRef="D2012Q1" unitRef="USDPerShare"> 0.83 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareBasic id="Tag737" decimals="2" contextRef="D2012Q2" unitRef="USDPerShare"> 0.70 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareBasic id="Tag738" decimals="2" contextRef="D2012Q3" unitRef="USDPerShare"> 0.49 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareBasic id="Tag739" decimals="2" contextRef="D2012Q4" unitRef="USDPerShare"> 0.21 </us-gaap:EarningsPerShareBasic>
<us-gaap:EarningsPerShareDiluted id="Tag740" decimals="2" contextRef="D2012Q1" unitRef="USDPerShare"> 0.74 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted id="Tag741" decimals="2" contextRef="D2012Q2" unitRef="USDPerShare"> 0.63 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted id="Tag742" decimals="2" contextRef="D2012Q3" unitRef="USDPerShare"> 0.44 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted id="Tag743" decimals="2" contextRef="D2012Q4" unitRef="USDPerShare"> 0.19 </us-gaap:EarningsPerShareDiluted>
<penn:LobbyingExpenses id="Tag744" decimals="-5" contextRef="D2012Q3" unitRef="USD"> 19100000 </penn:LobbyingExpenses>
<penn:LobbyingExpenses id="Tag745" decimals="-5" contextRef="D2012Q4" unitRef="USD"> 26000000 </penn:LobbyingExpenses>
<us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock id="Tag746" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The following tables set forth the assets measured at fair value on a recurring basis, by input level, in the consolidated balance sheets at December 31, 2012 (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 76.48%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"130%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="130%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="67" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="92"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="53"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Balance Sheet<br /> Location</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Quoted Prices in<br /> Active Markets for<br /> Identical Assets or<br /> Liabilities (Level 1)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Significant<br /> Other<br /> Observable<br /> Inputs<br /> (Level 2)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Significant<br /> Unobservable<br /> Inputs<br /> (Level 3)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>December 31,<br /> 2012<br /> Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -9pt; FONT-FAMILY: times; MARGIN-LEFT: 9pt;"><font size="2">Assets:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -9pt; FONT-FAMILY: times; MARGIN-LEFT: 18pt;"><font size="2">Investment in corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2">Other assets</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock>
<us-gaap:AvailableForSaleSecurities id="Tag747" decimals="-3" contextRef="I2012_FairValueMeasurementsRecurringMember_FairValueInputsLevel2Member" unitRef="USD"> 6790000 </us-gaap:AvailableForSaleSecurities>
<us-gaap:AvailableForSaleSecurities id="Tag748" decimals="-3" contextRef="I2012_FairValueMeasurementsRecurringMember_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD"> 6790000 </us-gaap:AvailableForSaleSecurities>
<us-gaap:AssetsHeldForSaleLongLivedFairValueDisclosure id="Tag749" decimals="-3" contextRef="I2012_FairValueMeasurementsNonrecurringMember" unitRef="USD"> 0 </us-gaap:AssetsHeldForSaleLongLivedFairValueDisclosure>
<penn:NumberHoursForWhichCasinoClosedDueToTornado id="Tag750" contextRef="D2013Q2_M0531_HollywoodCasinoStLouisMember_TornadoMember"> PT14H </penn:NumberHoursForWhichCasinoClosedDueToTornado>
<penn:BuilderRiskInsurancePolicyLimitAmount id="Tag751" decimals="-6" contextRef="I2013Q2_M0531_HollywoodCasinoStLouisMember_TornadoMember" unitRef="USD"> 600000000 </penn:BuilderRiskInsurancePolicyLimitAmount>
<penn:BuilderRiskInsurancePolicyDeductiblePropertyDamage id="Tag752" decimals="-5" contextRef="D2013Q2_M0531_HollywoodCasinoStLouisMember_TornadoMember" unitRef="USD"> 2500000 </penn:BuilderRiskInsurancePolicyDeductiblePropertyDamage>
<penn:BuilderRiskInsurancePolicyDeductibleDelayInCompletion id="Tag753" contextRef="D2013Q2_M0531_HollywoodCasinoStLouisMember_TornadoMember"> P2D </penn:BuilderRiskInsurancePolicyDeductibleDelayInCompletion>
<us-gaap:NumberOfInterestRateDerivativesHeld id="Tag754" decimals="INF" contextRef="I2013_InterestRateSwapMember" unitRef="Contract"> 0 </us-gaap:NumberOfInterestRateDerivativesHeld>
<penn:RenovationCosts id="Tag755" decimals="-6" contextRef="D2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 55000000 </penn:RenovationCosts>
<penn:BuilderRiskInsurancePolicyAmountForDelayInCompletionOfRenovations id="Tag756" decimals="-6" contextRef="D2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 14000000 </penn:BuilderRiskInsurancePolicyAmountForDelayInCompletionOfRenovations>
<penn:BuilderRiskInsurancePolicyForPropertyDamages id="Tag757" decimals="-6" contextRef="I2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 43000000 </penn:BuilderRiskInsurancePolicyForPropertyDamages>
<penn:OperationalInsurancePolicyDeductiblePropertyDamage id="Tag758" decimals="-5" contextRef="D2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 2500000 </penn:OperationalInsurancePolicyDeductiblePropertyDamage>
<penn:BuilderRiskInsurancePolicyLimitAmount id="Tag759" decimals="-6" contextRef="I2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 57000000 </penn:BuilderRiskInsurancePolicyLimitAmount>
<penn:BuilderRiskInsurancePolicyDeductiblePropertyDamage id="Tag760" decimals="0" contextRef="D2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 50000 </penn:BuilderRiskInsurancePolicyDeductiblePropertyDamage>
<penn:BuilderRiskInsurancePolicyDeductibleDelayInCompletion id="Tag761" contextRef="D2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember"> P30D </penn:BuilderRiskInsurancePolicyDeductibleDelayInCompletion>
<penn:OperationalInsurancePolicyLimitAmount id="Tag762" decimals="-6" contextRef="I2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 228000000 </penn:OperationalInsurancePolicyLimitAmount>
<penn:OperationalInsurancePolicyDeductibleBusinessInterruption id="Tag763" contextRef="D2009Q1_M0320_FireAccidentMember_HollywoodCasinoJolietMember"> PT48H </penn:OperationalInsurancePolicyDeductibleBusinessInterruption>
<penn:ProceedsFromInsuranceSettlements id="Tag764" decimals="-5" contextRef="D2011_FireAccidentMember_HollywoodCasinoJolietMember" unitRef="USD"> 18600000 </penn:ProceedsFromInsuranceSettlements>
<penn:ProceedsFromInsuranceSettlements id="Tag765" decimals="-5" contextRef="D2012_FloodMember_HollywoodCasinoTunicaFloodMember" unitRef="USD"> 8400000 </penn:ProceedsFromInsuranceSettlements>
<penn:ProceedsFromInsuranceSettlements id="Tag766" decimals="-5" contextRef="D2011_FloodMember_HollywoodCasinoTunicaFloodMember" unitRef="USD"> 7000000 </penn:ProceedsFromInsuranceSettlements>
<dei:EntityRegistrantName id="Tag767" contextRef="D2013"> PENN NATIONAL GAMING INC </dei:EntityRegistrantName>
<dei:EntityCentralIndexKey id="Tag768" contextRef="D2013"> 0000921738 </dei:EntityCentralIndexKey>
<dei:DocumentType id="Tag769" contextRef="D2013"> 10-K </dei:DocumentType>
<dei:DocumentPeriodEndDate id="Tag770" contextRef="D2013"> 2013-12-31 </dei:DocumentPeriodEndDate>
<dei:AmendmentFlag id="Tag771" contextRef="D2013"> false </dei:AmendmentFlag>
<dei:CurrentFiscalYearEndDate id="Tag772" contextRef="D2013"> --12-31 </dei:CurrentFiscalYearEndDate>
<dei:EntityWellKnownSeasonedIssuer id="Tag773" contextRef="D2013"> Yes </dei:EntityWellKnownSeasonedIssuer>
<dei:EntityVoluntaryFilers id="Tag774" contextRef="D2013"> No </dei:EntityVoluntaryFilers>
<dei:EntityCurrentReportingStatus id="Tag775" contextRef="D2013"> Yes </dei:EntityCurrentReportingStatus>
<dei:EntityFilerCategory id="Tag776" contextRef="D2013"> Large Accelerated Filer </dei:EntityFilerCategory>
<dei:EntityPublicFloat id="Tag777" decimals="-8" contextRef="I2013PF" unitRef="USD"> 3600000000 </dei:EntityPublicFloat>
<dei:EntityCommonStockSharesOutstanding id="Tag778" decimals="INF" contextRef="I2013SO" unitRef="Shares"> 78121574 </dei:EntityCommonStockSharesOutstanding>
<dei:DocumentFiscalYearFocus id="Tag779" contextRef="D2013"> 2013 </dei:DocumentFiscalYearFocus>
<dei:DocumentFiscalPeriodFocus id="Tag780" contextRef="D2013"> FY </dei:DocumentFiscalPeriodFocus>
<us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock id="Tag781" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>1.     Business and Basis of Presentation</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Penn National Gaming, Inc. ("Penn") and together with its subsidiaries (collectively, the "Company") is a diversified, multi-jurisdictional owner and manager of gaming and pari-mutuel properties. Penn is the successor to several businesses that have operated as Penn National Race Course since 1972. Penn was incorporated in Pennsylvania in 1982 as PNRC Corp. and adopted its current name in 1994, when the Company became a publicly traded company. In 1997, the Company began its transition from a pari-mutuel company to a diversified gaming company with the acquisition of the Charles Town property and the introduction of video lottery terminals in West Virginia. Since 1997, the Company has continued to expand its gaming operations through strategic acquisitions, greenfield projects, and property expansions. The Company, along with its joint venture partner, opened Hollywood Casino at Kansas Speedway on February 3, 2012 and in Ohio, the Company opened its Hollywood Casino Toledo facility on May 29, 2012 and its Hollywood Casino Columbus facility on October 8, 2012. In addition, on November 2, 2012, the Company acquired Harrah's St. Louis facility, which has been rebranded as Hollywood Casino St. Louis.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        As of December 31, 2013, the Company owned, managed, or had ownership interests in twenty-six facilities in the following seventeen jurisdictions: Florida, Illinois, Indiana, Iowa, Kansas, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. On July 1, 2013, the Company sold its Bullwhackers property located in Colorado and no longer has any operations in the state. Additionally, as a result of the spin-off transaction described further below, Hollywood Casino Baton Rouge in Louisiana and Hollywood Casino Perryville in Maryland were contributed to Gaming and Leisure Properties, Inc. ("GLPI").</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses for the reporting periods. Actual results could differ from those estimates.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        For purposes of comparability, certain prior year amounts have been reclassified to conform to the current year presentation.</font></p> </div>
</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
<penn:SpinOffOfRealEstateAssetsThroughRealEstateInvestmentTrustDisclosuresTextBlock id="Tag782" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>2.     Spin-Off of Real Estate Assets through a Real Estate Investment Trust</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On November 15, 2012, the Company announced that it intended to pursue a plan to separate the majority of its operating assets and real property assets into two publicly traded companies including an operating entity, Penn and, through a tax-free spin-off of the Company's real estate assets to holders of its common and preferred stock, a newly formed publicly traded entity that intends to qualify as a real estate investment trust ("REIT") named GLPI (the "Spin-Off").</font></p> <p style="FONT-FAMILY: times;"><font size="2">        On November 1, 2013, Penn effected the Spin-Off by distributing one share of common stock of GLPI to the holders of Penn common stock and Series C Convertible Preferred Stock ("Series C Preferred Stock") for every share of Penn common stock and every 1/1000th of a share of Series C Preferred Stock that they held at the close of business on October 16, 2013, the record date for the Spin-Off. See Note 14 for further information on the Series C Preferred Stock. Peter M. Carlino and the PMC Delaware Dynasty Trust dated September 25, 2013, a trust for the benefit of Mr. Carlino's children, also received additional shares of GLPI common stock, in exchange for shares of Penn common stock that they transferred to Penn immediately prior to the Spin-Off, and Mr. Carlino exchanged certain options to acquire Penn common stock for options to acquire GLPI common stock having the same aggregate intrinsic value. Penn engaged in these exchanges with Mr. Carlino and his related trust to ensure that each member of the Carlino family beneficially owns 9.9% or less of the outstanding shares of Penn common stock following the Spin-Off, so that GLPI can qualify to be taxed as a REIT for United States ("U.S.") federal income tax purposes.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In addition, the Company contributed to GLPI through a series of internal corporate restructurings substantially all of the assets and liabilities associated with Penn's real property interests and real estate development business, as well as the assets and liabilities of Hollywood Casino Baton Rouge and Hollywood Casino Perryville, which are referred to as the "TRS Properties." The assets and liabilities were contributed to GLPI based on their historical carrying values, which were as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="65"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Cash and cash equivalents</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">240,202</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Current deferred income tax assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,157</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other current assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3,116</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Property and equipment, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,114,838</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">75,521</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other intangible assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9,577</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Debt issuance costs</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">39,862</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">36,378</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Accounts payable and accrued expenses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(16,055</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income taxes</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(5,296</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other current liabilities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(12,312</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Long-term debt</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(2,350,000</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Deferred income tax liabilities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(10,840</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net contribution</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">131,148</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        As a result of the Spin-Off, GLPI owns substantially all of Penn's former real property assets and leases back most of those assets to Penn for use by its subsidiaries, under a "triple net" 15 year Master Lease agreement (the "Master Lease") (that includes four 5 year renewals, which are at Penn's option) as well as owns and operates the TRS Properties through its Taxable REIT Subsidiaries ("TRS"). Penn continues to operate the leased gaming facilities, hold the associated gaming licenses and own and operate other assets, including the Casino Rama casino management contract, the 50% joint venture interest in Hollywood Casino at Kansas Speedway, seven non-casino racetracks and gaming equipment.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company incurred transaction costs of $28.8 million, $7.1 million and $4.3 million for the years ended December 31, 2013, 2012 and 2011, respectively, associated with the Spin-Off, which are included in general and administrative expenses within the consolidated statements of operations.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has received a private letter ruling from the Internal Revenue Service relating to the tax treatment of the separation and the qualification of GLPI as a REIT. The private letter ruling is subject to certain qualifications and based on certain representations and statements made by the Company and certain of its shareholders. If such representations and statements are untrue or incomplete in any material respect (including as a result of a material change in the transaction or other relevant facts), the Company may not be able to rely on the private letter ruling. The Company has received opinions from outside counsel regarding certain aspects of the transaction that are not covered by the private letter ruling.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>3.     Principles of Consolidation</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The consolidated financial statements include the accounts of Penn and its subsidiaries. Investment in and advances to unconsolidated affiliates are accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated in consolidation.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>4.     Summary of Significant Accounting Policies</b></font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Cash and Cash Equivalents</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company considers all cash balances and highly-liquid investments with original maturities of three months or less to be cash and cash equivalents.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Concentration of Credit Risk</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Financial instruments that subject the Company to credit risk consist of cash and cash equivalents, corporate debt securities, interest rate swap contracts and accounts receivable.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's policy is to limit the amount of credit exposure to any one financial institution, and place investments with financial institutions evaluated as being creditworthy, or in short-term money market and tax-free bond funds which are exposed to minimal interest rate and credit risk. The Company has bank deposits and overnight repurchase agreements that exceed federally-insured limits.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Concentration of credit risk, with respect to casino receivables, is limited through the Company's credit evaluation process. The Company issues markers to approved casino customers only following credit checks and investigations of creditworthiness. Marker balances issued to approved casino customers were $4.3 million at December 31, 2013, compared to $6.7 million at December 31, 2012.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's receivables of $52.5 million and $53.7 million at December 31, 2013 and 2012, respectively, primarily consist of $4.8 million and $5.1 million, respectively, due from the West Virginia Lottery for gaming revenue settlements and capital reinvestment projects at Hollywood Casino at Charles Town Races, $10.3 million and $11.8 million, respectively, for reimbursement of expenses paid on behalf of Casino Rama, $2.5 million and $4.0 million, respectively, for racing settlements due from simulcasting at Hollywood Casino at Penn National Race Course, $3.3 million and $3.8 million, respectively, for reimbursement of payroll expenses paid on behalf of the Company's joint venture in Kansas, $6.5 million of tax obligations in 2013 that will be reimbursed by GLPI, and markers issued to customers mentioned above.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Accounts are written off when management determines that an account is uncollectible. Recoveries of accounts previously written off are recorded when received. 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, and current economic and business conditions. Historically, the Company has not incurred any significant credit-related losses.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Fair Value of Financial Instruments</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following methods and assumptions are used to estimate the fair value of each class of financial instruments for which it is practicable to estimate:</font></p> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><i>Cash and Cash Equivalents</i></font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The fair value of the Company's cash and cash equivalents approximates the carrying value of the Company's cash and cash equivalents, due to the short maturity of the cash equivalents.</font></p> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><i>Investment in Corporate Debt Securities</i></font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The fair value of the investment in corporate debt securities is estimated based on a third party broker quote. The investment in corporate debt securities is measured at fair value on a recurring basis. As described in Note 10, the investment in corporate debt securities was redeemed in 2013.</font></p> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><i>Long-term Debt</i></font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The fair value of the Company's Term Loan B component of its new and previous senior secured credit facility, senior unsecured notes (which were issued in October 2013), and senior subordinated notes (which were redeemed in October 2013) is estimated based on quoted prices in active markets and as such is a Level 1 measurement (see Note 19). The fair value of the remainder of the Company's new and previous senior secured credit facility approximates its carrying value as it is variable rate debt. The fair value of the Company's other long-term obligations approximates its carrying value, which was repaid in October 2013 (see Note 11).</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The estimated fair values of the Company's financial instruments are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Carrying<br /> Amount</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Fair<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Carrying<br /> Amount</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Fair<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Financial assets:</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Cash and cash equivalents</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">292,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">292,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">260,467</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">260,467</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Investment in corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Financial liabilities:</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Long-term debt</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior secured credit facility</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">748,777</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">748,150</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,393,459</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,401,225</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior unsecured notes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">300,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">297,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Senior subordinated notes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">325,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">368,875</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 30pt;"><font size="2">Other long-term obligations</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        See Note 19 for further information regarding the Company's assessment of the inputs used to measure the fair value for the investment in corporate debt securities.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Property and Equipment</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Property and equipment are stated at cost, less accumulated depreciation. Maintenance and repairs that neither add materially to the value of the asset nor appreciably prolong its useful life are charged to expense as incurred. Gains or losses on the disposal of property and equipment are included in the determination of income.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Depreciation of property and equipment is recorded using the straight-line method over the following estimated useful lives:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="75" align="right"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Land improvements</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5 to 15 years</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Building and improvements</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5 to 40 years</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Furniture, fixtures, and equipment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3 to 31 years</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        Leasehold improvements are depreciated over the shorter of the estimated useful life of the improvement or the related lease term.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The estimated useful lives are determined based on the nature of the assets as well as the Company's current operating strategy.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company reviews the carrying value of its property and equipment for possible impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable based on undiscounted estimated future cash flows expected to result from its use and eventual disposition. The factors considered by the Company in performing this assessment include current operating results, trends and prospects, as well as the effect of obsolescence, demand, competition and other economic factors. In estimating expected future cash flows for determining whether an asset is impaired, assets are grouped at the individual property level. In assessing the recoverability of the carrying value of property and equipment, the Company must make assumptions regarding future cash flows and other factors. If these estimates or the related assumptions change in the future, the Company may be required to record an impairment loss for these assets. Such an impairment loss would be recognized as a non-cash component of operating income.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Goodwill and Other Intangible Assets</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        At December 31, 2013, the Company had $492.4 million in goodwill and $359.6 million in other intangible assets within its consolidated balance sheet, representing 22.5% and 16.5% of total assets, respectively, resulting from the Company's acquisition of other businesses and payment for gaming licenses and racing permits. Two issues arise with respect to these assets that require significant management estimates and judgment: (i) the valuation in connection with the initial purchase price allocation; and (ii) the ongoing evaluation for impairment.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In connection with the Company's acquisitions, valuations are completed to determine the allocation of the purchase prices. The factors considered in the valuations include data gathered as a result of the Company's due diligence in connection with the acquisitions, projections for future operations, and data obtained from third-party valuation specialists as deemed appropriate. Goodwill is tested annually, or more frequently if indicators of impairment exist, for impairment by comparing the fair value of the reporting units to their carrying amount. If the carrying amount of a reporting unit exceeds its fair value in step 1 of the impairment test, then step 2 of the impairment test is performed to determine the implied value of goodwill for that reporting unit. If the implied value of goodwill is less than the goodwill allocated for that reporting unit, an impairment loss is recognized.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In accordance with Financial Accounting Standards Board (the "FASB") Accounting Standards Codification ("ASC") 350, "Intangibles-Goodwill and Other," the Company considers its gaming licenses, racing permits, and the majority of its trademark intangible assets as indefinite-life intangible assets that do not require amortization based on the Company's future expectations to operate its gaming facilities indefinitely (not withstanding the recent events in Iowa which the Company concluded was an isolated incident and the first time in the Company's history a gaming regulator has taken an action which could cause it to lose its gaming license) as well as its historical experience in renewing these intangible assets at minimal cost with various state gaming and racing commissions. Rather, these intangible assets are tested annually for impairment, or more frequently if indicators of impairment exist, by comparing the fair value of the recorded assets to their carrying amount. If the carrying amounts of the indefinite-life intangible assets exceed their fair value, an impairment loss is recognized. The Company completes its testing of its intangible assets prior to assessing the realizability of its goodwill.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company assessed the fair value of its indefinite-life intangible assets (which is primarily gaming licenses) using the Greenfield Method under the income approach. The Greenfield Method estimates the fair value of the license assuming the Company built a casino with similar utility to that of the existing facility. The method assumes a theoretical start-up company going into business without any assets other than the intangible asset being valued. As such, the value of the license is a function of the following items:</font></p> <ul> <li style="list-style: none;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Projected revenues and operating cash flows (including an allocation of the Company's projected rental obligation to its reporting units);</font> <font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Theoretical construction costs and duration;</font> <font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Pre-opening expenses;</font> <font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Discounting that reflects the level of risk associated with receiving future cash flows attributable to the license; and</font></dd></dl></li></ul> <ul> <li style="list-style: none;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Remaining useful life of the license.</font></dd></dl></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The evaluation of goodwill and indefinite-life intangible assets requires the use of estimates about future operating results of each reporting unit to determine the estimated fair value of the reporting unit and the indefinite-lived intangible assets. The Company must make various assumptions and estimates in performing its impairment testing. The implied fair value includes estimates of future cash flows (including an allocation of the Company's projected rental obligation to its reporting units) that are based on reasonable and supportable assumptions which represent the Company's best estimates of the cash flows expected to result from the use of the assets including their eventual disposition. Changes in estimates, increases in the Company's cost of capital, reductions in transaction multiples, changes in operating and capital expenditure assumptions or application of alternative assumptions and definitions could produce significantly different results. Future cash flow estimates are, by their nature, subjective and actual results may differ materially from the Company's estimates. If the Company's ongoing estimates of future cash flows are not met, the Company may have to record additional impairment charges in future accounting periods. The Company's estimates of cash flows are based on the current regulatory and economic climates, recent operating information and budgets of the various properties where it conducts operations. These estimates could be negatively impacted by changes in federal, state or local regulations, economic downturns, or other events affecting the Company's properties.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Forecasted cash flows (based on the Company's annual operating plan as determined in the fourth quarter) can be significantly impacted by the local economy in which its reporting units operate. For example, increases in unemployment rates can result in decreased customer visitations and/or lower customer spend per visit. In addition, the impact of new legislation which approves gaming in nearby jurisdictions or further expands gaming in jurisdictions where the Company's reporting units currently operate can result in opportunities for the Company to expand its operations. However, it also has the impact of increasing competition for the Company's established properties which generally will have a negative effect on those locations' profitability once competitors become established as a certain level of cannibalization occurs absent an overall increase in customer visitations. Lastly, increases in gaming taxes approved by state regulatory bodies can negatively impact forecasted cash flows.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Assumptions and estimates about future cash flow levels and multiples by individual reporting units are complex and subjective. They are sensitive to changes in underlying assumptions and can be affected by a variety of factors, including external factors, such as industry, geopolitical and economic trends, and internal factors, such as changes in the Company's business strategy, which may reallocate capital and resources to different or new opportunities which management believes will enhance its overall value but may be to the detriment of an individual reporting unit.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Once an impairment of goodwill or other indefinite-life intangible assets has been recorded, it cannot be reversed. Because the Company's goodwill and indefinite-life intangible assets are not amortized, there may be volatility in reported income because impairment losses, if any, are likely to occur irregularly and in varying amounts. Intangible assets that have a definite-life are amortized on a straight-line basis over their estimated useful lives or related service contract. The Company reviews the carrying value of its intangible assets that have a definite-life for possible impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. If the carrying amount of the intangible assets that have a definite-life exceed their fair value, an impairment loss is recognized.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Debt Issuance Costs</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Debt issuance costs that are incurred by the Company in connection with the issuance of debt are deferred and amortized to interest expense using the effective interest method over the contractual term of the underlying indebtedness.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Comprehensive Income</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company accounts for comprehensive income in accordance with ASC 220, "Comprehensive Income," which establishes standards for the reporting and presentation of comprehensive income in the consolidated financial statements. The Company presents comprehensive income in two separate but consecutive statements.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Income Taxes</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company accounts for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740"). Under ASC 740, deferred tax assets and liabilities are determined based on the differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities and are measured at the prevailing enacted tax rates that will be in effect when these differences are settled or realized. ASC 740 also requires that deferred tax assets be reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The realizability of the deferred tax assets is evaluated quarterly by assessing the valuation allowance and by adjusting the amount of the allowance, if necessary. The factors used to assess the likelihood of realization are the forecast of future taxable income and available tax planning strategies that could be implemented to realize the net deferred tax assets. The Company has used tax-planning strategies to realize or renew net deferred tax assets in order to avoid the potential loss of future tax benefits.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        ASC 740 also creates a single model to address uncertainty in tax positions, and clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in an enterprise's financial statements. It also provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. The liability for unrecognized tax benefits is included in noncurrent tax liabilities within the consolidated balance sheets at December 31, 2013 and 2012.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Accounting for Derivatives and Hedging Activities</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has historically utilized fixed and variable-rate debt to finance its operations. Both funding sources have associated risks and opportunities, such as interest rate exposure, and the Company's risk management policy permits the use of derivatives to manage this exposure. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Thus, uses of derivatives are strictly limited to hedging and risk management purposes in connection with managing interest rate exposure. Acceptable derivatives for this purpose include interest rate swap contracts, futures, options, caps, and similar instruments.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        When using derivatives, the Company has historically desired to obtain hedge accounting, which is conditional upon satisfying specific documentation and performance criteria. In particular, the underlying hedged item must expose the Company to risks associated with market fluctuations and the instrument used as the hedging derivative must generate offsetting effects in prescribed magnitudes. If these criteria are not met, a change in the market value of the financial instrument and all associated settlements would be recognized as gains or losses in the period of change.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Under cash flow hedge accounting, effective derivative results are initially recorded in other comprehensive income ("OCI") and later reclassified to earnings, coinciding with the income recognition relating to the variable interest payments being hedged (i.e., when the interest expense on the variable-rate liability is recorded in earnings). Any hedge ineffectiveness (which represents the amount by which hedge results exceed the variability in the cash flows of the forecasted transaction due to the risk being hedged) is recorded in current period earnings. Under cash flow hedge accounting, derivatives are included in the consolidated balance sheets as assets or liabilities at fair value.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Previously, the Company had a number of interest rate swap contracts in place. These contracts served to mitigate income volatility for a portion of the Company's variable-rate funding. In effect, these interest rate swap contracts synthetically converted the portion of variable-rate debt being hedged to the equivalent of fixed-rate funding. Under the terms of the swap contracts, the Company received cash flows from the swap contract counterparties to offset the benchmark interest rate component of variable interest payments on the hedged financings, in exchange for paying cash flows based on the swap contracts' fixed rates. These two respective obligations were net-settled periodically. The fair value of the Company's interest rate swap contracts was measured at the present value of all expected future cash flows based on the LIBOR-based swap yield curve as of the date of the valuation, subject to a credit adjustment to the LIBOR-based yield curve's implied discount rates. The credit adjustment reflected the Company's best estimate as to the Company's credit quality. There were no outstanding interest rate swap contracts as of December 31, 2013, 2012 and 2011.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Effective July 1, 2011, the Company de-designated its interest rate swap contracts that historically qualified for cash flow hedge accounting. This was due to the senior secured credit facility that the Company entered into in July 2011. As a result, the loss in OCI related to these swaps of $4.7 million was amortized to interest expense over the swaps remaining lives. The total notional value of these swaps was $440 million, with $200 million expiring in October 2011 and the remainder maturing in December 2011. Subsequent to the de-designation date of July 1, 2011, the Company had accounted for changes in the fair value of these derivatives in earnings as a component of interest expense in the consolidated statements of income. In addition, the Company had certain other derivative instruments that were not designated to qualify for hedge accounting, which expired in May 2011. The periodic change in the mark-to-market of these derivative instruments had been recorded in current period earnings in interest expense in the consolidated statements of income.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Credit risk relating to derivative counterparties is mitigated by using multiple, highly rated counterparties, and the credit quality of each is monitored on an ongoing basis.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        See Note 11 for additional information related to the Company's derivatives.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Revenue Recognition and Promotional Allowances</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Gaming revenue is the aggregate net difference between gaming wins and losses, with liabilities recognized for funds deposited by customers before gaming play occurs, for chips and "ticket-in, ticket-out" coupons in the customers' possession, and for accruals related to the anticipated payout of progressive jackpots. Progressive slot machines, which contain base jackpots that increase at a progressive rate based on the amounts played, are charged to revenue as the amount of the jackpots increase.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Food, beverage and other revenue, including racing revenue, is recognized as services are performed. Racing revenue includes the Company's share of pari-mutuel wagering on live races after payment of amounts returned as winning wagers, its share of wagering from import and export simulcasting, and its share of wagering from its off-track wagering facilities ("OTWs").</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Revenue from the management service contract for Casino Rama is based upon contracted terms and is recognized when services are performed.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Revenues are recognized net of certain sales incentives in accordance with ASC 605-50, "Revenue Recognition—Customer Payments and Incentives." The Company records certain sales incentives and points earned in point-loyalty programs as a reduction of revenue.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The retail value of accommodations, food and beverage, and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances is primarily included in food, beverage and other expense.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The amounts included in promotional allowances for the years ended December 31, 2013, 2012 and 2011 are as follows:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Rooms</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">36,132</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">26,612</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,646</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Food and beverage</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">123,263</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">108,250</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">106,687</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">11,244</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,878</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">10,483</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total promotional allowances</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">170,639</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">144,740</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">141,816</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The estimated cost of providing such complimentary services for the years ended December 31, 2013, 2012 and 2011 are as follows:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Rooms</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">12,565</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,814</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">9,149</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Food and beverage</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">85,257</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">74,263</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">76,357</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,480</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,056</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6,430</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total cost of complimentary services</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">104,302</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">90,133</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">91,936</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><b>Gaming and Racing Taxes</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is subject to gaming and pari-mutuel taxes based on gross gaming revenue and pari-mutuel revenue in the jurisdictions in which it operates. The Company primarily recognizes gaming and pari-mutuel tax expense based on the statutorily required percentage of revenue that is required to be paid to state and local jurisdictions in the states where or in which wagering occurs. In certain states in which the Company operates, gaming taxes are based on graduated rates. The Company records gaming tax expense at the Company's estimated effective gaming tax rate for the year, considering estimated taxable gaming revenue and the applicable rates. Such estimates are adjusted each interim period. If gaming tax rates change during the year, such changes are applied prospectively in the determination of gaming tax expense in future interim periods. Finally, the Company recognizes purse expense based on the statutorily required percentage of revenue that is required to be paid out in the form of purses to the winning owners of horse races run at the Company's racetracks in the period in which wagering occurs. For the years ended December 31, 2013, 2012 and 2011, these expenses, which are recorded primarily within gaming expense in the consolidated statements of operations, were $1.02 billion, $1.07 billion, and $1.06 billion, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Rental Expense related to the Master Lease</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        As a result of the Spin-Off, the Company leases from GLPI real property assets associated with 17 of the Company's gaming and related facilities used in the Company's operations. The rent structure under the Master Lease includes a fixed component, a portion of which is subject to an annual 2% escalator if certain rent coverage ratio thresholds are met, and a component that is based on the performance of the facilities, which is adjusted, subject to certain floors (i) every 5 years by an amount equal to 4% of the average change to net revenues of all facilities under the Master Lease (other than Hollywood Casino Columbus and Hollywood Casino Toledo) during the preceding five years, and (ii) monthly by an amount equal to 20% of the change in net revenues of Hollywood Casino Columbus and Hollywood Casino Toledo during the preceding month.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Master Lease is commonly known as a triple-net lease. Accordingly, in addition to rent, the Company is required to pay the following, among other things: (1) all facility maintenance; (2) all insurance required in connection with the leased properties and the business conducted on the leased properties; (3) taxes levied on or with respect to the leased properties (other than taxes on the income of the lessor); and (4) all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. At the Company's option, the Master Lease may be extended for up to four five-year renewal terms beyond the initial 15-year term, on the same terms and conditions.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Earnings Per Share</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company calculates earnings per share ("EPS") in accordance with ASC 260, "Earnings Per Share" ("ASC 260"). Basic EPS is computed by dividing net income applicable to common stock by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the additional dilution for all potentially-dilutive securities such as stock options and unvested restricted shares.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At December 31, 2013, the Company had outstanding 8,624 shares of Series C Preferred Stock and at December 31, 2012 and 2011, had outstanding 12,275 of Series B Redeemable Preferred Stock ("Series B Preferred Stock"). The Company determined that both classes of preferred stock qualified as a participating security as defined in ASC 260 since these securities participate in dividends with the Company's common stock. Under ASC 260, a security is considered a participating security if the security may participate in undistributed earnings with common stock, whether that participation is conditioned upon the occurrence of a specified event or not. In accordance with ASC 260, a company is required to use the two-class method when computing EPS when a company has a security that qualifies as a "participating security." The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. A participating security is included in the computation of basic EPS using the two-class method. Under the two-class method, basic EPS for the Company's common stock is computed by dividing net income applicable to common stock by the weighted-average common shares outstanding during the period. Diluted EPS for the Company's common stock is computed using the more dilutive of the two-class method or the if-converted method.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Since the Company's preferred shareholders are not obligated to fund the losses of the Company nor is the contractual principal of the Series C Preferred Stock reduced as a result of losses incurred by the Company, no allocation of the Company's undistributed losses resulting from the net loss for the year ended December 31, 2013 is required. As such, since the Company reported a net loss for the year ended December 31, 2013, it was required by ASC 260 to use basic weighted-average common shares outstanding, rather than diluted weighted-average common shares outstanding, when calculating diluted EPS.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table sets forth the allocation of net income for the years ended December 31, 2012 and 2011 under the two-class method:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 88pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December, 31 <!-- COMMAND=ADD_SCROPPEDRULE,88pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">211,971</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">242,351</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income applicable to preferred stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">41,023</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46,101</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income applicable to common stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">170,948</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">196,250</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The following table reconciles 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 for the years ended December 31, 2012 and 2011:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Determination of shares:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">76,345</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">77,991</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of dilutive employee stock-based awards</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,305</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,616</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of restricted stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">159</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">166</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Assumed conversion of preferred stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,995</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">27,278</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">103,804</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">107,051</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        For the Series B Preferred Stock, the Company was required to adjust its diluted weighted-average common shares outstanding for the purpose of calculating diluted EPS as follows: 1) when the price of the Company's common stock at the end of the reporting period was less than $45, the diluted weighted-average common shares outstanding was increased by 26,777,778 shares (regardless of how much the stock price was below $45); 2) when the price of the Company's common stock at the end of the reporting period was between $45 and $67, the diluted weighted-average common shares outstanding was increased by an amount which was calculated by dividing $1.205 billion (face value) by the current price per share of the Company's common stock, which resulted in an increase in the diluted weighted-average common shares outstanding of between 17,985,075 shares and 26,777,778 shares; and 3) when the price of the Company's common stock at the end of the reporting period was above $67, the diluted weighted-average common shares outstanding was increased by 17,985,075 shares (regardless of how much the stock price exceeded $67).</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Options to purchase 7,316,713 shares, 1,693,500 shares and 3,004,402 shares were outstanding during the years ended December 31, 2013, 2012 and 2011, respectively, but were not included in the computation of diluted EPS because they were antidilutive.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table presents the calculation of basic and diluted EPS for the Company's common stock:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands, except<br /> per share data)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Calculation of basic EPS:</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net (loss) income applicable to common stock</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(794,339</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">170,948</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">196,250</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">78,111</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">76,345</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">77,991</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Basic EPS</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(10.17</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.24</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.52</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Calculation of diluted EPS:</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net (loss) income</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(794,339</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">211,971</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">242,351</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted weighted-average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">78,111</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">103,804</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">107,051</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Diluted EPS</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(10.17</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.04</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.26</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><b>Stock-Based Compensation</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company accounts for stock compensation under ASC 718, "Compensation-Stock Compensation," which requires the Company to expense the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. This expense is recognized ratably over the requisite service period following the date of grant.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The fair value for stock options was estimated at the date of grant using the Black-Scholes option-pricing model, which requires management to make certain assumptions. The risk-free interest rate was based on the U.S. Treasury spot rate with a term equal to the expected life assumed at the date of grant. Expected volatility was estimated based on the historical volatility of the Company's stock price over a period of 6.57 years, in order to match the expected life of the options at the grant date. Historically, at the grant date, there has been no expected dividend yield assumption since the Company has not paid any cash dividends on its common stock since its initial public offering in May 1994 and since the Company intends to retain all of its earnings to finance the development of its business for the foreseeable future. The weighted-average expected life was based on the contractual term of the stock option and expected employee exercise dates, which was based on the historical and expected exercise behavior of the Company's employees.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following are the weighted-average assumptions used in the Black-Scholes option-pricing model at December 31, 2013, 2012 and 2011:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="32"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Risk-free interest rate</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.08</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.84</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.04</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Expected volatility</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46.27</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">45.78</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">47.60</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Dividend yield</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average expected life (years)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.57</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.64</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5.82</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        See Note 15 for a discussion on the impact of the Spin-Off on the Company's stock-based equity awards.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Segment Information</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's Chief Executive Officer, who is the Company's Chief Operating Decision Maker ("CODM") as that term is defined in ASC 280, "Segment Reporting" ("ASC 280"), measures and assesses the Company's business performance based on regional operations of various properties grouped together based primarily on their geographic locations. Therefore, the Company aggregates its properties into three reportable segments: (i) Midwest, (ii) East/West, and (iii) Southern Plains.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Midwest reportable segment consists of the following properties: Hollywood Casino Lawrenceburg, Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Toledo, which opened on May 29, 2012, and Hollywood Casino Columbus, which opened on October 8, 2012. It also includes the Company's Casino Rama management service contract and the Mahoning Valley and Dayton Raceway projects in Ohio which the Company anticipates completing in 2014.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The East/West reportable segment consists of the following properties: Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Zia Park Casino, and the M Resort. It also included Hollywood Casino Perryville, which, as part of the Spin-Off, was contributed to GLPI on November 1, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Southern Plains reportable segment consists of the following properties: Argosy Casino Riverside, Argosy Casino Sioux City, Hollywood Casino Tunica, Hollywood Casino Bay St. Louis, Boomtown Biloxi, Hollywood Casino St. Louis (formerly Harrah's St. Louis which was acquired from Caesars Entertainment on November 2, 2012), and includes the Company's 50% investment in Kansas Entertainment, LLC ("Kansas Entertainment"), which owns the Hollywood Casino at Kansas Speedway that opened on February 3, 2012. It also included Hollywood Casino Baton Rouge, which, as part of the Spin-Off, was contributed to GLPI on November 1, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Other category consists of the Company's standalone racing operations, namely Beulah Park, Raceway Park, Rosecroft Raceway, Sanford-Orlando Kennel Club, and the Company's joint venture interests in Sam Houston Race Park, Valley Race Park and Freehold Raceway. It also included the Company's joint venture interest in the Maryland Jockey Club which was sold in July 2011 and its Bullwhackers property which was sold in July 2013. If the Company is successful in obtaining gaming operations at these locations, they would be assigned to one of the Company's regional executives and reported in their respective reportable segment. The Other category also includes the Company's corporate overhead operations which does not meet the definition of an operating segment under ASC 280.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In January 2014, the Company named Jay Snowden as its Chief Operating Officer and the Company decided in connection with this decision to re-align its reporting structure. Starting in 2014, the Company's reportable segments will be: (i) East/Midwest, (ii) West, and (iii) Southern Plains. Specifically, Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, and Hollywood Casino at Penn National Race Course (previously in the East/West segment) will become part of the East/Midwest segment, and Hollywood Casino Aurora, Hollywood Casino Joliet, and Argosy Casino Alton (previously in the Midwest segment) will become part of the Southern Plains segment. The West segment will consist of Zia Park Casino and the M Resort, as well as the Jamul development project which the Company anticipates completing in early 2016. Once this re-alignment is completed, the Company will reclassify prior year amounts to conform to its new reporting structure in accordance with ASC 280.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        See Note 16 for further information with respect to the Company's segments.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Statements of Cash Flows</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has presented the consolidated statements of cash flows using the indirect method, which involves the reconciliation of net (loss) income to net cash flow from operating activities.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Acquisitions</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company accounts for its acquisitions in accordance with ASC 805, "Business Combinations." The results of operations of acquisitions are included in the consolidated financial statements from their respective dates of acquisition.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Certain Risks and Uncertainties</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company faces intense gaming competition in most of the markets where its properties operate. Various states are currently considering or implementing legislation to legalize or expand gaming. Such legislation presents potential opportunities for the Company to establish new properties; however, this also presents potential competitive threats to the Company's existing properties. For example, the Company's two facilities—one in Charles Town, West Virginia and one in Grantville, Pennsylvania—that each generated approximately 10% or more of our net revenues will face or have faced new sources of significant competition in the near term. Namely, Hollywood Casino at Charles Town Races and, to a lesser extent, Hollywood Casino at Penn National Race Course faced increased competition from the opening in June 2012 of a significant casino complex at the Arundel Mills mall in Anne Arundel, Maryland. Additionally, the opening of a proposed casino in Baltimore City County with a potential opening in 2014 and a mid 2016 opening of a casino operated by MGM in Prince George's County, Maryland will also negatively impact the operations at Hollywood Casino at Charles Town Races and, to a lesser extent, Hollywood Casino at Penn National Race Course. Although these openings and other openings in states in which the Company's other properties are located has had a significant impact on the Company's operations, it has less significance on the Company's operations than in recent periods due to the 2012 openings of Hollywood Casino Toledo and Hollywood Casino Columbus in Ohio as well as the November 2012 acquisition of Harrah's St. Louis gaming and lodging facility.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's operations are dependent on its continued licensing by state gaming commissions. The loss of a license, in any jurisdiction in which the Company operates, could have a material adverse effect on future results of operations. See Note 12 for a discussion of the Company's status in regards to Argosy Casino Sioux City's gaming license, which expired in July 2012.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is dependent on each gaming property's local market for a significant number of its patrons and revenues. If economic conditions in these areas deteriorate or additional gaming licenses are awarded in these markets, the Company's results of operations could be adversely affected.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is dependent on the economy of the U.S. in general, and any deterioration in the national economic, energy, credit and capital markets could have a material adverse effect on future results of operations.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is dependent upon a stable gaming and admission tax structure in the locations that it operates in. Any change in the tax structure could have a material adverse affect on future results of operations.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2"><b>5.     New Accounting Pronouncements</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        In July 2013, the FASB issued explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 and should be applied prospectively to all unrecognized tax benefits that exist at the effective date. The Company adopted this guidance as of January 1, 2014. Although the Company currently has unrecognized tax benefits, this guidance did not have a material impact on the Company's consolidated financial statements.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In February 2013, the FASB finalized the disclosure requirements on how entities should present financial information about reclassification adjustments from accumulated other comprehensive income. The standard requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and the income statement line items affected by the reclassification. If a component is not required to be reclassified to net income in its entirety, companies would instead cross reference to the related footnote for additional information. The disclosures required by this amendment are effective for public entities for annual and interim reporting periods beginning after December 15, 2012. The Company adopted the guidance as of January 1, 2013. Other than the additional disclosure requirements shown below, the adoption of this guidance did not have an impact on the Company's consolidated financial statements.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The net of tax changes in accumulated other comprehensive income by component were as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 556px;" border="0" cellspacing="0" cellpadding="0" width="556"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="67"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="44"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Foreign<br /> Currency</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Available for<br /> sale securities</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Other comprehensive income:</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2011</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,203</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,115</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,318</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign currency translation adjustment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">425</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">425</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Unrealized holding gains on corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">279</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">279</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Ending balance at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,628</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,394</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3,022</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign currency translation adjustment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,245</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,245</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Unrealized holding losses on corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(98</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(98</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Realized gain on redemption of corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,296</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,296</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Ending balance at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">383</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">383</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>6.     Acquisitions and Other Recent Business Ventures</b></font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Jamul Indian Village</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On April 5, 2013, the Company announced that, subject to final National Indian Gaming Commission approval, it and the Jamul Indian Village ("the Jamul Tribe") have entered into definitive agreements to jointly develop a Hollywood Casino-branded casino and resort on the Jamul Tribe's trust land in San Diego County, California. The definitive agreements were entered into to: (i) secure the development, management, and branding services of the Company to assist the Jamul Tribe during the pre-development and entitlement phase of the project; (ii) set forth the terms and conditions under which the Company will provide a loan or loans to the Jamul Tribe to fund certain development costs; and (iii) create an exclusive arrangement between the parties. In accordance with these agreements, the Company has a note receivable with the Jamul Tribe for $7.0 million and $1.4 million at December 31, 2013 and 2012, respectively, which is included in other assets within the consolidated balance sheets. Collectability of the note receivable will be derived from the revenues of the casino operations. The $360 million proposed facility is located approximately 20 miles east of downtown San Diego and will include a three-story gaming and entertainment facility of approximately 200,000 square feet featuring at least 1,700 slot machines, 50 live table games including poker, multiple restaurants, bars and lounges and a partially enclosed parking structure with over 1,900 spaces. The Company, upon opening, will manage the casino and resort.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Harrah's St. Louis Acquisition</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On November 2, 2012, the Company closed on the agreement to acquire 100% of the equity of Harrah's St. Louis gaming and lodging facility from Caesars Entertainment for a final purchase price of $615.2 million. While the acquisition was a stock transaction, it was treated as an asset transaction for tax purposes. This enables the Company to amortize the goodwill and other fair value adjustments for tax purposes. The acquisition reflects the continuing efforts of the Company to expand its regional operating platform with a facility in a large metropolitan market. At the end of 2013, the Company completed the process of transitioning the property to its Hollywood Casino-brand name. The purchase price of the transaction was funded through an add-on to the Company's previous senior secured credit facility. The final purchase price allocation, net of cash acquired of $12.3 million, resulted in an increase to goodwill and other intangible assets, property and equipment, net, total current assets, and total current liabilities, of $386.5 million, $225.1 million, $0.6 million, and $9.3 million, respectively, based on their estimated fair values at November 2, 2012. The results of the St. Louis facility have been included in the Company's consolidated financial statements since the acquisition date.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The St. Louis facility is located adjacent to the Missouri River in Maryland Heights, Missouri, directly off I-70 and approximately 22 miles northwest of downtown St. Louis. The facility is situated on 248 acres along the Missouri River and features 645,270 of property square footage with 2,122 slot machines, 59 table games, 21 poker tables, a 502 guestroom hotel, nine dining and entertainment venues and structured and surface parking.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Sale of Maryland Jockey Club Interest</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        In July 2011, the Company sold its joint venture interest in the Maryland Jockey Club. See Note 7 for further discussion.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>M Resort Transaction</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company purchased all of the outstanding bank and subordinated debt of the M Resort in October 2010 for $230.5 million at which time the Company also secured the right to acquire the business of the M Resort in exchange for the property's outstanding debt obligations. On June 1, 2011, following the requisite regulatory approvals, the Company acquired the business in exchange for the debt. This non-cash transaction resulted in the removal of the Company's loan receivable and the purchase price allocation, net of cash acquired of $28.0 million, resulted in an increase to property and equipment, net, total current assets, total other assets, and total current liabilities, of $203.7 million, $13.7 million, $2.4 million, and $17.3 million, respectively based on their estimated fair values at June 1, 2011.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Texas Joint Venture Interest</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On April 8, 2011, the Company established a joint venture that owns and operates racetracks in Texas. See Note 7 for further discussion.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Rosecroft Acquisition</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On February 28, 2011, the Company completed its acquisition of Rosecroft Raceway in Oxon Hill, Maryland following the completion of a bankruptcy auction and approval of the purchase by a U.S. Bankruptcy Court judge. Rosecroft Raceway, located approximately 13 miles south of Washington, D.C., is situated on approximately 125 acres just outside the Washington I-495 Beltway in Prince George's county. The Rosecroft facility features a <sup>5</sup>/<small>8</small>-mile standardbred race track with a seven race paddock, a 53,000 square foot grandstand building, and a 96,000 square foot three story clubhouse building with dining facilities. In August 2011, Rosecroft Raceway re-opened for simulcasting and live standardbred racing resumed in late October 2011.</font></p> </div>
</penn:BusinessCombinationAndOtherRecentBusinessVenturesDisclosureTextBlock>
<us-gaap:InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock id="Tag787" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>7.     Investment In and Advances to Unconsolidated Affiliates</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        As of December 31, 2013, investment in and advances to unconsolidated affiliates primarily included the Company's 50% interest in Freehold Raceway, its 50% investment in Kansas Entertainment, which is a joint venture with International Speedway Corporation ("International Speedway"), and its 50% joint venture with MAXXAM, Inc. ("MAXXAM") that owns and operates racetracks in Texas. These investments are more fully described below.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Kansas Entertainment</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Kansas Entertainment opened its Hollywood-themed facility on February 3, 2012. The facility features 244,791 of property square footage with 2,000 slot machines, 40 table games and 12 poker tables, a 1,253 space parking structure, as well as a variety of dining and entertainment facilities. The Company and International Speedway shared equally in the cost of developing and constructing the facility and the Company's share totaled $140.1 million, inclusive of licensing fees. During the years ended December 31, 2012 and 2011, the Company funded $39.1 million, and $70.9 million, respectively, for capital expenditures and other operating expenses. During the years ended December 31, 2013 and 2012, the Company received distributions from Kansas Entertainment totaling $21.5 million and $13.0 million, respectively, which the Company deemed to be returns on its investment.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company determined that Kansas Entertainment qualified as a variable interest entity ("VIE") at December 31, 2013 and 2012. The Company did not consolidate its investment in Kansas Entertainment at, and for the years ended December 31, 2013 and 2012, as the Company determined that it did not qualify as the primary beneficiary of Kansas Entertainment at, and for the years ended December 31, 2013 and 2012, primarily as it did not have the ability to direct the activities of Kansas Entertainment that most significantly impacted Kansas Entertainment's economic performance without the input of International Speedway. In addition, the Company determined that International Speedway had substantive participating rights in Kansas Entertainment at, and for the years ended December 31, 2013 and 2012.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Texas Joint Venture</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On April 8, 2011, following final approval by the Texas Racing Commission, the Company completed its investment in a joint venture with MAXXAM that owns and operates the Sam Houston Race Park in Houston, Texas and the Valley Race Park in Harlingen, Texas, and holds a license for a planned racetrack in Laredo, Texas. Under the terms of the joint venture, the Company secured a 50% interest in the joint venture, which has sole ownership of the above facilities including interests in 322 acres at Sam Houston Race Park, 71 acres at Valley Race Park, and an option to purchase 135 acres for the planned racetrack in Laredo, Texas.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Sam Houston Race Park, which opened in April 1994, is located 15 miles northwest from downtown Houston along Beltway 8. Sam Houston Race Park hosts thoroughbred and quarter horse racing and offers daily simulcast operations, as well as hosts various special events, private parties and meetings, concerts and national touring festivals throughout the year. Valley Race Park, which was opened in 1990 and acquired by Sam Houston Race Park in 2000, features 118,216 of property square footage as a dog racing and simulcasting facility located in Harlingen, Texas.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company intends to work collaboratively with MAXXAM to strengthen and enhance the existing racetrack operations as well as pursue other opportunities, including the potential for gaming operations at the pari-mutuel facilities, to maximize the overall value of the business. As part of the agreement for the joint venture, the Company agreed to fund, upon the legalization of gaming, a loan to the joint venture for up to $375 million to cover development costs that cannot be financed through third party debt. This loan commitment is in place through December 31, 2015, however it may be extended to December 31, 2016 in order to obtain gaming referendum approval in the event gaming legislation approval has occurred prior to December 31, 2015. If the joint venture elects to utilize the loan, the rates to be paid will be LIBOR plus 800 to 900 basis points for a senior financing and an additional 500 to 600 basis points for a subordinated financing.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company determined that the Texas joint venture did not qualify as a VIE at December 31, 2013 and 2012. Using the guidance for entities that are not VIEs, the Company determined that it did not have a controlling financial interest in the joint venture at, and for the years ended December 31, 2013 and 2012, primarily as it did not have the ability to direct the activities of the joint venture that most significantly impacted the joint venture's economic performance without the input of MAXXAM. Therefore, the Company did not consolidate its investment in the joint venture at, and for the years ended December 31, 2013 and 2012.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>New Jersey Joint Venture</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        During the year ended December 31, 2011, the Company recorded a $5.9 million charge to reflect its share of a goodwill impairment recorded at its New Jersey joint venture. As of December 31, 2013 and 2012, the Company's investment balance was $10.7 million and $10.9 million, respectively. The Company believes the investment balance is realizable based on its share of the underlying fair value of the business.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company determined that the New Jersey joint venture did not qualify as a VIE at December 31, 2013 and 2012. Using the guidance for entities that are not VIEs, the Company determined that it did not have a controlling financial interest in the joint venture at, and for the years ended December 31, 2013 and 2012, primarily as it did not have the ability to direct the activities of the joint venture that most significantly impacted the joint venture's economic performance without the input of Greenwood Limited Jersey, Inc. Therefore, the Company did not consolidate its investment in the joint venture at, and for the years ended December 31, 2013 and 2012.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Sale of Maryland Jockey Club Interest</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        In July 2011, the Company sold its joint venture interest in Maryland RE & R LLC, a joint venture with MI Developments, Inc. that owned and operated the Maryland Jockey Club. This transaction resulted in a gain of $20.2 million which was included in income from unconsolidated affiliates within the consolidated statement of operations for the year ended December 31, 2011.</font></p> </div>
</us-gaap:InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock>
<us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock id="Tag788" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>8.     Property and Equipment</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Property and equipment, net, consists of the following:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="65"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Land and improvements</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">14,714</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">442,882</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Building and improvements</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">156,443</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,283,230</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Furniture, fixtures, and equipment</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,190,252</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,240,898</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Leasehold improvements</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,301</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">17,229</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Construction in progress</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">25,389</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">30,531</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Total property and equipment</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,411,099</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">4,014,770</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Less accumulated depreciation</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(913,642</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1,283,973</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Property and equipment, net</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">497,457</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,730,797</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        During the year ended December 31, 2013, total property and equipment, net, decreased by $2,233.3 million primarily due to the contribution of property and equipment, net associated with Penn's real property interests and real estate development business, as well as the TRS Properties' property and equipment, net, to GLPI in connection with the Spin-Off for $2,114.8 million and normal depreciation for the year ended December 31, 2013 for $282.2 million, which was partially offset by capital expenditures incurred for the year ended December 31, 2013 primarily related to the Company's two new facilities in Ohio that opened in 2012, the two facilities under development in Ohio prior to the Spin-Off, and for the rebranding of the Company's St. Louis facility in 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Depreciation expense, for property and equipment as well as capital leases, totaled $282.2 million, $244.5 million, and $209.3 million in 2013, 2012 and 2011, respectively. Interest capitalized in connection with major construction projects was $1.4 million, $8.4 million, and $5.6 million in 2013, 2012 and 2011, respectively.</font></p> </div>
</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
<us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock id="Tag789" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>10.   Investment in Corporate Securities</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        In 2008, the Company made an investment in the corporate debt securities of another gaming company which had a maturity date of November 1, 2012. This investment was accounted for as an available-for-sale investment and was included in other assets within the consolidated balance sheet. During 2010, the issuer of the security went into default on its obligations as it ceased making interest payments and the security was downgraded by certain rating agencies. As a result, in 2010, the Company wrote down the investment to its fair value, which was based on the transaction prices of the security subsequent to when the issuer defaulted on its obligations. In April 2011, the issuer of the security declared bankruptcy. In 2013, the Company received a distribution of $6.9 million from the finalization of bankruptcy proceedings, which resulted in the recognition of a $1.5 million gain, which is included in other income (expenses) within the consolidated statement of operations, during the year ended December 31, 2013.</font></p> </div>
</us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock>
<us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock id="Tag790" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2"><b>9.     Goodwill and Other Intangible Assets</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Goodwill consists mainly of goodwill from the acquisitions of Hollywood Casino Corporation in March 2003, Argosy Gaming Company in October 2005, Zia Park Casino in April 2007, and Harrah's St. Louis facility in November 2012. A reconciliation of goodwill and accumulated goodwill impairment losses is as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 558px;" border="0" cellspacing="0" cellpadding="0" width="558"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="65"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at January 1, 2012:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,014,216</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accumulated goodwill impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(833,857</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,180,359</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill acquired</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">205,664</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(5,334</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2012:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,214,546</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accumulated goodwill impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(833,857</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,380,689</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(807,464</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Contribution of Hollywood Casino Baton Rouge to GLPI</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(75,521</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(5,306</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2013:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,133,719</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accumulated goodwill impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,641,321</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Goodwill, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">492,398</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        Indefinite-life intangible assets consist mainly of gaming licenses and previously racing permits. The table below presents the gross carrying value, accumulated amortization, and net book value of each major class of other intangible assets at December 31, 2013 and 2012:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 57%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"140%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 695px;" border="0" cellspacing="0" cellpadding="0" width="695"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="17" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gross<br /> Carrying<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Accumulated<br /> Amortization</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Net Book<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gross<br /> Carrying<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Accumulated<br /> Amortization</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Net Book<br /> Value</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Indefinite-life intangible assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">349,224</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">349,224</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">675,901</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">675,901</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Argosy Casino Sioux City gaming license</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">20,949</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">12,569</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">8,380</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">24,068</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">24,068</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other intangible assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">55,665</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">53,621</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,044</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">56,661</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">50,153</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,508</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">425,838</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">66,190</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">359,648</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">756,630</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">50,153</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">706,477</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        For the year ended December 31, 2013, primarily as a result the Spin-Off, the Company recorded pre-tax goodwill and other intangible assets impairment charges of $738.8 million and $319.6 million, respectively, as it determined that a portion of the value of its goodwill and other intangible assets was impaired. The contribution of real estate to GLPI was accounted for as a contribution of assets rather than a business. Therefore, the historical goodwill and other intangible assets of the Company (with the exception of Hollywood Casino Baton Rouge and Hollywood Casino Perryville since the Company contributed them to GLPI) were not contributed to GLPI as part of the Spin-Off. Subsequent to the Spin-Off, the Company is responsible monthly for a single significant rental payment to GLPI under the Master Lease. For impairment valuation and accounting purposes, the Company allocates the rental obligation to its reporting units that are a party to the Master Lease.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Additionally, as a result of a new gaming license being awarded for the development of a new casino in Sioux City, Iowa to another applicant in April 2013 (see Note 12 for further details), the Company recorded a pre-tax goodwill and other intangible asset impairment charge of $68.7 million and $3.1 million, respectively, for Argosy Casino Sioux City during the year ended December 31, 2013, as the Company determined that the fair value of its Sioux City reporting unit was less than its carrying amount based on the Company's analysis of the estimated future expected cash flows the Company anticipates receiving from the operations of the Sioux City facility. Furthermore, the remaining gaming license for Argosy Casino Sioux City of $20.9 million at time of the impairment is now accounted for as a definite lived intangible asset and will be amortized on a straight line basis through June 2014, which is the anticipated opening date of the new facility.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In addition, in conjunction with the Spin-Off, the Company contributed Hollywood Casino Baton Rouge and Hollywood Casino Perryville, which had goodwill of $75.5 million and a gaming license of $9.6 million, respectively, to GLPI on November 1, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's intangible asset amortization expense was $16.1 million, $0.8 million, and $2.2 million for the years ended December 31, 2013, 2012 and 2011, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table presents expected intangible asset amortization expense based on existing intangible assets at December 31, 2013 (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 540px;" border="0" cellspacing="0" cellpadding="0" width="540"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2014</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,405</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2015</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">19</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,424</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The Company's remaining goodwill and other intangible assets by reporting unit at December 31, 2013 is shown below (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 572px;" border="0" cellspacing="0" cellpadding="0" width="572"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="78"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 53pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Reporting Unit <!-- COMMAND=ADD_SCROPPEDRULE,53pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Goodwill</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Other Intangible<br /> Assets</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Hollywood Casino St. Louis</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">59,035</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">161,596</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Argosy Casino Riverside</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">154,332</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">4,964</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Zia Park Casino</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">144,171</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,420</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Hollywood Casino Joliet</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">12,562</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">64,842</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Hollywood Casino at Penn National Race Course</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,497</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">67,607</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Hollywood Casino Lawrenceburg</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">50,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Hollywood Casino Aurora</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">37,687</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Argosy Casino Alton</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">30,949</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Argosy Casino Sioux City</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">8,380</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Others</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">52,165</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">839</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">492,398</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">359,648</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock>
<penn:DebtAndDerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock id="Tag791" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2"><b>11.   Long-term Debt and Derivatives</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Long-term debt, net of current maturities, is as follows:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 45pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>December 31, <!-- COMMAND=ADD_SCROPPEDRULE,45pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Senior secured credit facility</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">750,000</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,394,963</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">$325 million 8<sup>3</sup>/<small>4</small>% senior subordinated notes due August 2019</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">325,000</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">$300 million 5.875% senior unsecured notes due November 1, 2021</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">300,000</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other long-term obligations</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,000</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Capital leases</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,015</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,111</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,052,015</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,732,074</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Less current maturities of long-term debt</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(27,598</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(81,497</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Less discount on senior secured credit facility Term Loan B</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,223</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,504</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,023,194</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,649,073</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The following is a schedule of future minimum repayments of long-term debt as of December 31, 2013 (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2014</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">27,598</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2015</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">27,605</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2016</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">40,114</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2017</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">52,623</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2018</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">365,133</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Thereafter</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">538,942</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total minimum payments</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,052,015</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><b>Senior Secured Credit Facility</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On October 30, 2013, the Company entered into a new senior secured credit facility. The new senior secured credit facility consists of a five year $500 million revolver, a five year $500 million Term Loan A facility, and a seven year $250 million Term Loan B facility. The Term Loan A facility was priced at LIBOR plus a spread (ranging from 2.75% to 1.25%) based on the Company's consolidated total net leverage ratio as defined in the new senior secured credit facility. The Term Loan B facility was priced at LIBOR plus 2.50%, with a 0.75% LIBOR floor. In connection with the repayment of the previous senior secured credit facility, the Company recorded a $21.5 million loss on the early extinguishment of debt for the year ended December 31, 2013 related to debt issuance costs write-offs and the write-off of the discount on the Term Loan B facility of the previous senior secured credit facility.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's new senior secured credit facility had a gross outstanding balance of $750 million at December 31, 2013, consisting a $500 million Term Loan A facility, and a $250 million Term Loan B facility. No balances were outstanding on the revolving credit facility at December 31, 2013. Additionally, at December 31, 2013, the Company was contingently obligated under letters of credit issued pursuant to the senior secured credit facility with face amounts aggregating $22.1 million, resulting in $477.9 million of available borrowing capacity as of December 31, 2013 under the revolving credit facility.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Redemption of 8<sup>3</sup>/<small>4</small>% Senior Subordinated Notes</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        In the fourth quarter of 2013, the Company redeemed all of its $325 million 8<sup>3</sup>/<small>4</small>% senior subordinated notes, which were due in 2019 ("8<sup>3</sup>/<small>4</small>% Notes"). In connection with this redemption, the Company recorded a $40.2 million loss on the early extinguishment of debt for the year ended December 31, 2013 related to debt issuance costs write-offs of $5.5 million and the call premium on the 8<sup>3</sup>/<small>4</small>% Notes of $34.7 million.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>5.875% Senior Unsecured Notes</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On October 30, 2013, the Company completed an offering of $300 million 5.875% senior unsecured notes that mature on November 1, 2021 (the "5.875% Notes") at a price of par. Interest on the 5.875% Notes is payable on May 1 and November 1 of each year. The 5.875% Notes are senior unsecured obligations of the Company. The 5.875% Notes will not be guaranteed by any of the Company's subsidiaries except in the event that the Company in the future issues certain subsidiary-guaranteed debt securities. The Company may redeem the 5.875% Notes at any time, and from time to time, on or after November 1, 2016, at the declining redemption premiums set forth in the indenture governing the 5.875% Notes, together with accrued and unpaid interest to, but not including, the redemption date. Prior to November 1, 2016, the Company may redeem the 5.875% Notes at any time, and from time to time, at a redemption price equal to 100% of the principal amount of the 5.875% Notes redeemed plus a "make-whole" redemption premium described in the indenture governing the 5.875% Notes, together with accrued and unpaid interest to, but not including, the redemption date. In addition, the 5.875% Notes may be redeemed prior to November 1, 2016 from net proceeds raised in connection with an equity offering as long as the Company pays 105.875% of the principal amount of the 5.875% Notes, redeems the 5.875% Notes within 180 days of completing the equity offering, and at least 60% of the 5.875% Notes originally issued remains outstanding.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company used the proceeds of the new senior secured credit facility, new 5.875% Notes, and cash on hand, to repay its previous senior secured credit facility, to fund the cash tender offer to purchase any and all of its 8<sup>3</sup>/<small>4</small>% Notes and the related consent solicitation to make certain amendments to the indenture governing the 8<sup>3</sup>/<small>4</small>% Notes, to satisfy and discharge such indenture, to pay related fees and expenses and for working capital purposes.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>GLPI indebtedness</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Immediately before the Spin-Off on October 30, 2013, while GLPI was a wholly-owned subsidiary of the Company, GLPI raised $2.35 billion of debt financing, which was part of the net assets contributed to GLPI as part of the Spin-Off. See Note 2 for further discussion.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Other Long-Term Obligations</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        In September 2012, the Company received $10 million under a subscription agreement entered into between A3 Gaming Investments, LLC, an investment vehicle owned by the previous owner of the M Resort ("A3 Gaming Investments"), and LV Gaming Ventures, LLC, a wholly-owned subsidiary of the Company and holder of the assets of the M Resort ("LV Gaming Ventures"). The subscription agreement entitled A3 Gaming Investments to invest in a limited liability membership interest in LV Gaming Ventures, which was scheduled to mature on October 1, 2016. The investment entitled A3 Gaming Investments to annual payments and a settlement value based on the earnings levels of the M Resort. In accordance with ASC 480, "Distinguishing Liabilities from Equity," the Company determined that this obligation was a financial instrument and as such should be recorded as a liability within debt. Changes in the settlement value, if any, were accreted to interest expense through the maturity date of the instrument. In September 2013, the Company entered into an agreement to terminate the subscription agreement, which was repaid on October 22, 2013 for $16 million. During the year ended December 31, 2013, the Company recorded a charge of $3.8 million, and $2.2 million in interest expense on this instrument.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Covenants</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's senior secured credit facility and 5.875% Notes require us, among other obligations, to maintain specified financial ratios and to satisfy certain financial tests, including fixed charge coverage, interest coverage, senior leverage and total leverage ratios. In addition, the Company's senior secured credit facility and 5.875% Notes restrict, among other things, its ability to incur additional indebtedness, incur guarantee obligations, amend debt instruments, pay dividends, create liens on assets, make investments, engage in mergers or consolidations, and otherwise restrict corporate activities.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At December 31, 2013, the Company was in compliance with all required financial covenants.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Interest Rate Swap Contracts</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        There were no outstanding interest rate swap contracts as of December 31, 2013, 2012 and 2011. The effect of derivative instruments on the consolidated statement of operations for the year ended December 31, 2011 was as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 54%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"150%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 651px;" border="0" cellspacing="0" cellpadding="0" width="651"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="81"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="93" align="center"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="81"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="93" align="center"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="93"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 90pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Derivatives in a Cash Flow<br /> Hedging Relationship <!-- COMMAND=ADD_SCROPPEDRULE,90pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gain (Loss)<br /> Recognized in<br /> OCI on Derivative<br /> (Effective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Location of<br /> Gain (Loss)<br /> Reclassified from<br /> AOCI into Income<br /> (Effective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gain (Loss)<br /> Reclassified from<br /> AOCI into Income<br /> (Effective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Location of<br /> Gain (Loss)<br /> Recognized in<br /> Income on Derivative<br /> (Ineffective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gain (Loss)<br /> Recognized in<br /> Income on Derivative<br /> (Ineffective Portion)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Interest rate swap contracts</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(672</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="center"><font size="2">Interest expense</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(8,173</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="center"><font size="2">None</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(672</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="center"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(8,173</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" align="center"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="center">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><br /></font> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 568px;" border="0" cellspacing="0" cellpadding="0" width="568"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="111" align="center"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="111"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 184pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Derivatives Not Designated as Hedging Instruments <!-- COMMAND=ADD_SCROPPEDRULE,184pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Location of Gain (Loss)<br /> Recognized in Income<br /> on Derivative</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Gain (Loss) Recognized<br /> in Income on Derivative</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Interest rate swap contracts</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="center"><font size="2">Interest expense</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(10</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="center"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(10</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="center">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="center">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="center"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        In addition, during the year ended December 31, 2011, the Company amortized to interest expense $7.2 million in OCI related to the derivatives that were de-designated as hedging instruments under ASC 815, "Derivatives and Hedging."</font></p></div>
</penn:DebtAndDerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
<us-gaap:CommitmentsAndContingenciesDisclosureTextBlock id="Tag792" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>12.   Commitments and Contingencies</b></font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Litigation</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is subject to various legal and administrative proceedings relating to personal injuries, employment matters, commercial transactions and other matters arising in the normal course of business. The Company does not believe that the final outcome of these matters will have a material adverse effect on the Company's consolidated financial position or results of operations. In addition, the Company maintains what it believes is adequate insurance coverage to further mitigate the risks of such proceedings. However, such proceedings can be costly, time consuming and unpredictable and, therefore, no assurance can be given that the final outcome of such proceedings may not materially impact the Company's consolidated financial condition or results of operations. Further, no assurance can be given that the amount or scope of existing insurance coverage will be sufficient to cover losses arising from such matters.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following proceedings could result in costs, settlements, damages, or rulings that materially impact the Company's consolidated financial condition or operating results. The Company believes that it has meritorious defenses, claims and/or counter-claims with respect to these proceedings, and intends to vigorously defend itself or pursue its claims.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Gaming licenses in Iowa are typically issued jointly to a gaming operator and a local charitable organization known as a QSO. The agreement between the Company's gaming operator subsidiary in Iowa, Belle of Sioux City, L.P. ("Belle"), and its QSO, Missouri River Historical Development, Inc. ("MRHD"), expired in early July 2012. On July 12, 2012, when presented with an extension of the Company's QSO/operating agreement for the Sioux City facility through March 2015, the Iowa Racing and Gaming Commission ("IRGC") failed to approve the extension and urged a shorter extension. In mid-August 2012, MRHD offered a revised contract to the Company that would require a yearly renewal from the IRGC and stated that MRHD would be able to continue searching for an operator for a new land-based casino. The Company rejected this contract offer and, at the August 23, 2012 IRGC meeting, urged the IRGC to reconsider the original extension agreement through March 2015. The IRGC did not act on this request and concluded that the casino could continue to operate without an effective operating agreement. The IRGC also announced at the July 12, 2012 meeting the schedule for requests for proposals for a new land-based Woodbury County casino. The Company submitted two proposals for a new gaming and entertainment destination in Woodbury County for the IRGC's consideration. On April 18, 2013, the IRGC awarded the license to another gaming operator. In August 2013, the IRGC formally denied the Company's application for a standard, one-year renewal of its state license; however, the IRGC affirmed its intention to permit the Company to continue operations at its Sioux City facility until such time as the new casino opens to the public, but not beyond. Therefore, there can be no assurance that this facility will remain open through 2014.The Belle has filed four petitions challenging the IRGC's actions, namely its refusing to consider the Belle's request to replace MRHD with another non-profit partner and opening up the gaming license to bidding for a land-based casino, its failure to approve the 2015 extension agreement and any extension, its announcing a process would be instituted to revoke the Belle's license, and its selection of another gaming operator. The four separate petitions, filed on July 6, 2012, August 10, 2012, September 21, 2012 and May 17, 2013, are pending in the Iowa District Court in Polk County, Iowa and have now been consolidated into one proceeding to be tried later this year. The Company contends that the IRGC violated the Belle's constitutional rights, Iowa State law, and its own rules and regulations in the actions the IRGC has taken against the Belle and its license.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In addition, on September 26, 2013, the Belle requested an administrative proceeding to contest the IRGC's decision not to renew the Belle's license. This contested case proceeding is expected to be heard by the IRGC in early March 2014. The Belle's grounds for contesting revocation are that the Belle has a valid extension agreement with MRHD in place that the IRGC has refused to approve, and, additionally, the Belle has a second operating agreement with another QSO that the IRGC has refused to approve.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Also, on September 21, 2013, the Company filed a motion against the IRGC asking the court to stay development of the new casino, which started construction in July 2013, until the Company's litigation against the IRGC is resolved. On December 10, 2013, a judge granted this motion and suspended the other gaming operator's state license until the litigation against the IRGC is resolved. On December 19, 2013, the Iowa Supreme Court stayed the December 10, 2013 order and after briefing, remanded the case to determine whether the stay should stay in place. On February 15, 2014, the trial court determined that the stay should not remain in place.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In a separate proceeding, the Belle has filed suit against MRHD for breach of contract, seeking to enjoin MRHD from disavowing the 2015 extension agreement it signed and seeking to enforce the exclusivity obligations in the agreement. A request for a preliminary injunction was denied on October 29, 2012. A trial date has not been set.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        On October 21, 2011, the Ohio Roundtable filed a complaint in the Court of Common Pleas in Franklin County, Ohio against a number of defendants, including the Governor, the Ohio Lottery Commission and the Ohio Casino Control Commission. The complaint alleges a variety of substantive and procedural defects relative to the approval and implementation of video lottery terminals as well as several counts dealing with the taxation of standalone casinos. As intervenors, the Company, along with the other two casinos in Ohio, filed motions for judgment on the pleadings to supplement the position of the Racing Commission. In May 2012, the complaint was dismissed; however, the plaintiffs filed an appeal and oral arguments were held on January 17, 2013. In March 2013, the Ohio appeals court upheld the ruling. The decision of the appeals court was appealed to the Ohio Supreme Court by the plaintiffs on April 30, 2013 and the Ohio Supreme Court has elected to accept the appeal. The Ohio Supreme Court has stayed the appeal until it first rules in another matter with related issues. Oral arguments in the other matter were heard on November 6, 2013 but a decision has not yet been issued.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In addition, the Ohio Racing Commission's decision to permit Raceway Park to relocate its Toledo racetrack to Dayton has been challenged in the Franklin County Court of Common Pleas by Lebanon Trotting Club, Inc., the prior owner of a neighboring racetrack. The Ohio Racing Commission and Raceway Park have filed briefs requesting the Court to uphold the Racing Commission's decision.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        On September 11, 2008, the Board of County Commissioners of Cherokee County, Kansas (the "County") filed suit against Kansas Penn Gaming, LLC ("KPG," a wholly owned subsidiary of Penn created to pursue a development project in Cherokee County, Kansas) and the Company in the District Court of Shawnee County, Kansas. The petition alleged that KPG breached its pre-development agreement with the County when KPG withdrew its application to manage a lottery gaming facility in Cherokee County and sought in excess of $50 million in damages. In connection with its petition, the County obtained an ex-parte order attaching the $25 million privilege fee (which was included in current assets at December 31, 2012) paid to the Kansas Lottery Commission in conjunction with the gaming application for the Cherokee County zone. The defendants filed motions to dissolve and reduce the attachment. Those motions were denied. Following discovery, both parties filed dispositive motions and the motions were argued on April 20, 2012. In September 2012, the judge ruled in favor of the County on its motion for summary judgment. At December 31, 2012, the Company accrued $6.4 million, which was included in accrued expenses within the consolidated balance sheet, based on settlement discussions that took place in January 2013. In February 2013, the Company finalized the settlement with the County and the $25 million privilege fee was returned to the Company, net of the amount previously accrued.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        On June 13, 2013, the Company finalized an agreement to the terms of its previous non-binding memorandum of understanding with the State of Ohio. The Company has agreed to pay $110 million over a ten year period commencing in July 2013 for certain clarifications from the State of Ohio with respect to various financial matters and limits on competition within the ten year time period, which is recorded within gaming expenses in the consolidated statement of operations. Additionally, in return for being able to relocate its existing racetracks in Toledo and Grove City to Dayton and Austintown (located in the Mahoning Valley), respectively, the Company agreed to pay the state $7.5 million upon the opening of each facility, as well as eighteen semi-annual installment payments of approximately $4.8 million beginning one year after the opening of each facility. Finally, the Company anticipates paying the gaming license fees associated with each facility as follows; 1) $10 million in the second quarter of 2014, 2) $15 million upon opening and 3) $25 million on the one year anniversary of the commencement of gaming.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Operating Lease Commitments</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company entered into the Master Lease with GLPI in connection with the Spin-Off. The rent structure under the Master Lease includes a fixed component, a portion of which is subject to an annual 2% escalator if certain rent coverage ratio thresholds are met, and a component that is based on the performance of the facilities, which is adjusted, subject to certain floors (i) every 5 years by an amount equal to 4% of the average change to net revenues of all facilities under the Master Lease (other than Hollywood Casino Columbus and Hollywood Casino Toledo) during the preceding five years, and (ii) monthly by an amount equal to 20% of the change in net revenues of Hollywood Casino Columbus and Hollywood Casino Toledo during the preceding month. In addition to rent, the Company is required to pay the following: (i) all facility maintenance, (ii) all insurance required in connection with the leased properties and the business conducted on the leased properties, (iii) taxes levied on or with respect to the leased properties (other than taxes on the income of the lessor) and (4) all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Total rental expense under the Master Lease was $69.5 million for the year ended December 31, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At the option of the Company, the Master Lease may be extended for up to four five-year renewal terms beyond the initial term, on the same terms and conditions. If the Company elects to renew the term of the Master Lease, the renewal will be effective as to all, but not less than all, of the leased property then subject to the Master Lease, as defined.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Additionally, the Company is liable under numerous operating leases for various assets, including but not limited to an airplane, automobiles, and other equipment. Total rental expense under these other lease agreements was $28.4 million, $29.7 million, and $28.9 million for the years ended December 31, 2013, 2012 and 2011, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The future minimum lease commitments relating to the base lease rent portion of noncancelable operating leases, separated by the Master Lease and other lease commitments, at December 31, 2013 are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 89pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ending December 31, <!-- COMMAND=ADD_SCROPPEDRULE,89pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Master Lease</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Other</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2014</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">376,552</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">4,628</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">381,180</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2015</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">376,552</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3,344</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">379,896</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2016</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">376,552</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,557</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">379,109</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2017</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">376,553</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,141</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">378,694</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">2018</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">368,762</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,178</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">370,940</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Thereafter</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3,243,690</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">17,561</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3,261,251</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,118,661</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">32,409</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,151,070</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><b>Capital Expenditure Commitments</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's current construction program for 2014 calls for capital expenditures of approximately $111.5 million, of which the Company was contractually committed to spend approximately $20.1 million at December 31, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Purchase obligations</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has obligations to purchase various goods and services totaling $40.9 million at December 31, 2013, of which $35.9 million will be incurred in 2014.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Employee Benefit Plans</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company maintains a profit-sharing plan under the provisions of Section 401(k) of the Internal Revenue Code of 1986, as amended, which covers all eligible employees. The plan enables participating employees to defer a portion of their salary in a retirement fund to be administered by the Company. The Company makes a discretionary match contribution of 50% of employees' elective salary deferrals, up to a maximum of 6% of eligible employee compensation. The matching contributions for the profit-sharing plan for the years ended December 31, 2013, 2012 and 2011 were $4.6 million, $3.7 million, and $3.7 million, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company also has a defined contribution plan, the Charles Town Races Future Service Retirement Plan, covering substantially all of its union employees at Hollywood Casino at Charles Town Races. Hollywood Casino at Charles Town Races makes annual contributions to this plan for the eligible union employees and to the Penn National Gaming, Inc. 401(k) Plan for the eligible non-union employees for an amount equal to the amount accrued for retirement expense, which is calculated as 0.25% of the daily mutual handle, 1.0% of net video lottery revenue up to a base and, after the base is met, it reverts to 0.5% and 0.84% of table and poker revenue, respectively. The contributions for the two plans at Hollywood Casino at Charles Town Races for the years ended December 31, 2013, 2012 and 2011 were $3.6 million, $3.9 million, and $3.8 million, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company maintains a non-qualified deferred compensation plan that covers most management and other highly-compensated employees. This plan was effective March 1, 2001. The plan allows the participants to defer, on a pre-tax basis, a portion of their base annual salary and/or their annual bonus, and earn tax-deferred earnings on these deferrals. The plan also provides for matching Company contributions that vest over a five-year period. The Company has established a Trust, and transfers to the Trust, on a periodic basis, an amount necessary to provide for its respective future liabilities with respect to participant deferral and Company contribution amounts. The Company's matching contributions for the non-qualified deferred compensation plan for the years ended December 31, 2013, 2012 and 2011 were $2.3 million, $2.7 million, and $2.3 million, respectively. The Company's deferred compensation liability, which was included in other current liabilities within the consolidated balance sheets, was $53.7 million and $52.4 million at December 31, 2013 and 2012, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Labor Agreements</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is required to have agreements with the horsemen at the majority of its racetracks to conduct its live racing and/or simulcasting activities. In addition, in order to operate gaming machines and table games in West Virginia, the Company must maintain agreements with each of the Charles Town horsemen, pari-mutuel clerks and breeders.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At Hollywood Casino at Charles Town Races, the Company has an agreement with the track's horse owners and trainers that expired on December 31, 2013 and has been extended on a month-to-month basis while negotiations are in progress. Hollywood Casino at Charles Town Races also has an agreement with the breeders that expires on June 30, 2014. Additionally, the pari-mutuel clerks at Charles Town are represented under a collective bargaining agreement with the West Virginia Union of Mutuel Clerks, which expired on December 31, 2010 and has been extended on a month-to-month basis while negotiations are in process.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's agreement with the Pennsylvania Thoroughbred Horsemen at Hollywood Casino at Penn National Race Course expires on January 31, 2016. The Company had a collective bargaining agreement with Local 137 of the Sports Arena Employees at Penn National Race Course with respect to on-track pari-mutuel clerks and admissions personnel which expired on December 31, 2011. In August 2012, Local 137 of the Sports Arena Employees announced that they entered into a "voluntary supervision" agreement with their international union, Laborers' International Union of North America ("LIUNA") Local 108. The Company also had an agreement in place with Local 137 of the Sports Arena Employees with respect to pari-mutuel clerks and admission personnel at its OTWs that expired on August 31, 2013. In February 2014, a new agreement with LIUNA Local 108 for on-track and OTWs bargaining units was ratified for three years.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's agreement with the Maine Harness Horsemen Association at Bangor Raceway continues through the conclusion of the 2015 racing season.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has agreements with the Ohio Harness Horsemen Association at Raceway Park and the Ohio Horsemen's Protective and Benevolent Association at Beulah Park that expired on December 31, 2013 but are still in effect until new agreements are negotiated.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Rosecroft Raceway entered into agreements with the Cloverleaf Standardbred Owners Association ("CSOA") and Maryland Standardbred Breeder's Association ("MSBA") as of July 5, 2011. CSOA's agreement has been extended through December 31, 2014, with extensions through December 31, 2016 at the sole discretion of Rosecroft Raceway. The MSBA agreement has been extended through December 31, 2014. Additionally, Rosecroft Raceway has entered into agreements with the United Food and Commercial Workers Union ("UFCW") Local 27 and the Seafarers Entertainment and Allied Trade Union ("SEATU") for certain bargaining positions at the racetrack. The UFCW Local 27 agreement expires on November 14, 2014 and the SEATU agreement expires on November 30, 2020.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Across certain of the Company's properties, SEATU represents approximately 1,600 of the Company's employees under agreements that expire at various times between June 2014 and July 2021. At Argosy Casino Alton and Argosy Casino Riverside, the SEATU agreements expired in May 2013 and October 2013, respectively, and both have been extended on a monthly basis while negotiations are in process. At Hollywood Casino Joliet, the Hotel Employees and Restaurant Employees Union Local 1 represents approximately 210 employees under a collective bargaining agreement which expires on March 31, 2015. In addition, at some of the Company's properties, the Security Police and Fire Professionals of America, the International Brotherhood of Electronic Workers Locals 176 and 649, the Chicago and Midwest Regional Joint Board affiliated with Workers United, the LIUNA Public Serviced Employees Local 1290PE, and the United Industrial, Service, Transportation, Professional and Government Workers of North America represent certain of the Company's employees under collective bargaining agreements that expire at various times between May 2015 and September 2025. None of these particular unions represent more than 75 of the Company's employees.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        If the Company fails to maintain operative agreements with the horsemen at a track, it will not be permitted to conduct live racing and export and import simulcasting at that track and OTWs and, in West Virginia, the Company will not be permitted to operate its gaming machines and table games unless the state intervenes or changes the statute. In addition, the Company's simulcasting agreements are subject to the horsemen's approval. If the Company fails to renew or modify existing agreements on satisfactory terms, this failure could have a material adverse effect on its business, financial condition and results of operations. Except for the closure of the facilities at Penn National Race Course and its OTWs from February 16, 1999 to March 24, 1999 due to a horsemen's strike, and a few days at other times and locations, the Company has been able to maintain the necessary agreements. There can be no assurance that the Company will be able to maintain the required agreements.</font></p> </div>
</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
<us-gaap:IncomeTaxDisclosureTextBlock id="Tag793" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>13.   Income Taxes</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Deferred tax assets and liabilities are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the consolidated balance sheets. These temporary differences result in taxable or deductible amounts in future years.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The components of the Company's deferred tax assets and liabilities are as follows:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Deferred tax assets:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Stock-based compensation expense</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">51,045</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">48,098</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accrued expenses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">57,387</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">64,047</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Intangibles</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">43,204</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Deferred tax assets resulting from unrecognized tax benefits</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,817</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,839</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net operating losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">4,690</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,935</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Accumulated other comprehensive loss</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,863</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,709</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Gross deferred tax assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">169,006</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">132,628</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Less valuation allowance</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(3,664</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(3,221</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net deferred tax assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">165,342</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">129,407</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Deferred tax liabilities:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Property, plant and equipment</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(102,379</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(174,285</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Investments in unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(5,782</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Intangibles</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(131,686</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net deferred tax liabilities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(108,161</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(305,971</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">57,181</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(176,564</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Reflected on consolidated balance sheets:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Current deferred tax assets, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">71,093</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">39,793</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Noncurrent deferred tax liabilities, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(13,912</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(216,357</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net deferred taxes</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">57,181</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(176,564</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        For income tax reporting, the Company has gross state net operating loss carryforwards aggregating approximately $170 million available to reduce future state income taxes, primarily for the Commonwealth of Pennsylvania and the States of Mississippi, Delaware, Colorado and Ohio as of December 31, 2013. The tax benefit associated with these net operating loss carryforwards is approximately $4.4 million. Due to state tax statutes on annual net operating loss utilization limits, the availability of gaming tax credits and income and loss projections in the applicable jurisdictions, a $3.4 million valuation allowance has been recorded to reflect the net operating losses which are not presently expected to be realized. If not used, substantially all the carryforwards will expire at various dates from December 31, 2014 to December 31, 2032.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In addition, certain subsidiaries have accumulated gross state net operating loss carryforwards aggregating approximately $1.4 billion for which no benefit has been recorded as they are attributable to uncertain tax positions. The unrecognized tax benefits as of December 31, 2013 attributable to these net operating losses was approximately $86.3 million. Due to the uncertain tax position, these net operating losses are not included as components of deferred tax assets as of December 31, 2013. In the event of any benefit from realization of these net operating losses, $9.7 million would be treated as an increase to equity, and the remainder would be treated as a reduction of tax expense. If not used, substantially all the carryforwards will expire at various dates from December 31, 2014 to December 31, 2032.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        As discussed in Note 9, in the fourth quarter of 2013, the Company incurred a pre-tax goodwill and other intangible asset impairment charge of $738.8 million and $319.6 million, respectively. This caused the Company to be in a cumulative pre-tax loss position for the past three years. Absent this charge, Penn would have recorded pre-tax earnings of $142.5 million and the Company had significant levels of pre-tax earnings in both 2012 and 2011. The Company considered this cumulative loss for book purposes and concluded that itsdeferred tax assets were more likely than not to be realized and accordingly no valuation allowance was required due to the fact that this impairment charge is not anticipated to impact future earning levels to a point that would call into question the realizability of the Company's deferred tax assets.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The provision for income taxes charged to operations for the years ended December 31, 2013, 2012 and 2011 was as follows:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Current tax expense (benefit)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Federal</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">96,537</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">96,490</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">106,982</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">State</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,200</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">14,448</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">23,392</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">4,708</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(3,366</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(5,053</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total current</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">103,445</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">107,572</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">125,321</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Deferred tax (benefit) expense</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Federal</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(207,337</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">44,874</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">24,893</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">State</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(17,646</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">109</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(3,333</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total deferred</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(224,983</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">44,983</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">21,560</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total income tax (benefit) provision</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(121,538</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">152,555</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">146,881</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The following table reconciles the statutory federal income tax rate to the actual effective income tax rate for 2013, 2012 and 2011:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="18"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="31"></td> <td style="FONT-FAMILY: times;" width="18"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="26"></td> <td style="FONT-FAMILY: times;" width="18"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="26"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Percent of pretax (loss) income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Federal taxes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">State and local income taxes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.1</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1.4</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3.4</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Permanent differences</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(22.7</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5.3</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2.2</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(0.1</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.2</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1.6</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Other miscellaneous items</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.0</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(0.1</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1.3</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)%</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">13.3</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">41.8</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">37.7</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">%</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><br /></font> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 86pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Year ended December 31, <!-- COMMAND=ADD_SCROPPEDRULE,86pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Amount based upon pretax (loss) income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Federal taxes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(320,557</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">127,584</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">136,205</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">State and local income taxes</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(9,677</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,044</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">13,398</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Permanent differences</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">207,928</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">19,223</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">8,405</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Foreign</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,200</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">886</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(6,223</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Other miscellaneous items</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(432</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(182</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(4,904</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(121,538</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">152,555</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">146,881</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        A reconciliation of the beginning and ending amount for the liability for unrecognized tax benefits is as follows:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="69"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Noncurrent<br /> tax liabilities</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2011</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">33,872</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Additions based on current year positions</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">2,465</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Additions based on prior year positions</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,919</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Payments made on account</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(13,123</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Decreases due to settlements and/or reduction in liabilities</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(9,639</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Currency translation adjustments</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">899</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">20,393</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Additions based on current year positions</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">5,875</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Additions based on prior year positions</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,056</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Decreases due to settlements and/or reduction in reserves</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(5,536</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Currency translation adjustments</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1,822</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Balance at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">19,966</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        During the year ended December 31, 2013, the Company recorded $5.9 million of tax reserves and accrued interest related to current year uncertain tax positions. In regards to prior year tax positions, the Company recorded $1.1 million of tax reserves and accrued interest and reversed $5.1 million and $0.5 million of previously recorded tax reserves and accrued interest, respectively, for uncertain tax positions that have settled and/or closed. Overall, the Company recorded a net tax expense of $1.4 million in connection with its uncertain tax positions for the year ended December 31, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Included in the liability for unrecognized tax benefits at December 31, 2013 and 2012 were $21.3 million and $19.9 million, respectively, of tax positions that, if reversed, would affect the effective tax rate.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Included in the liability for unrecognized tax benefits at December 31, 2013 and 2012 were $1.8 million of currency translation gains for foreign currency tax positions and $0.9 million of currency translation losses for foreign currency tax positions.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is required under ASC 740 to disclose its accounting policy for classifying interest and penalties, the amount of interest and penalties charged to expense each period, as well as the cumulative amounts recorded in the consolidated balance sheets. The Company will continue to classify any income tax-related penalties and interest accrued related to unrecognized tax benefits in taxes on income within the consolidated statements of operations.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        During the years ended December 31, 2013 and 2012, the Company recognized approximately $0.7 million and $88 thousand, respectively, of interest and penalties, net of deferred taxes. In addition, due to settlements and/or reductions in previously recorded liabilities, the Company had reductions in previously accrued interest and penalties of $0.3 million, net of deferred taxes. These accruals are included in noncurrent tax liabilities and prepaid expenses within the consolidated balance sheets at December 31, 2013 and 2012, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company is currently in various stages of the examination process in connection with its open audits. Generally, it is difficult to determine when these examinations will be closed, but the Company reasonably expects that its ASC 740 liabilities will not significantly change over the next twelve months.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        As of December 31, 2013, the Company is subject to U.S. federal income tax examinations for the tax years 2010, 2011, and 2012. In addition, the Company is subject to state and local income tax examinations for various tax years in the taxing jurisdictions in which the Company operates.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At December 31, 2013 and 2012, prepaid expenses within the consolidated balance sheets included prepaid income taxes of $39.4 million and $68.4 million, respectively.</font></p> </div>
</us-gaap:IncomeTaxDisclosureTextBlock>
<us-gaap:StockholdersEquityNoteDisclosureTextBlock id="Tag794" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>14.   Shareholders' Equity</b></font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Repurchase of Common Stock</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company did not repurchase any shares of its common stock in 2013 and 2012. During the year ended December 31, 2011, the Company repurchased 2,981,406 shares of its common stock in open market transactions for approximately $105.2 million at an average price of $35.29 per share ($7.97 per share adjusted for the impact of the Spin-off transaction).</font></p> <p style="FONT-FAMILY: times;"><font size="2"><b>Preferred Equity Investment</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On June 15, 2007, the Company announced that it had entered into a merger agreement that, at the effective time of the transactions contemplated thereby, would have resulted in the Company's shareholders receiving $67.00 per share. Specifically, the Company, PNG Acquisition Company Inc. ("Parent") and PNG Merger Sub Inc., a wholly-owned subsidiary of Parent ("Merger Sub"), announced that they had entered into an Agreement and Plan of Merger, dated as of June 15, 2007 (the "Merger Agreement"), that provided, among other things, for Merger Sub to be merged with and into the Company, as a result of which the Company would have continued as the surviving corporation and would have become a wholly-owned subsidiary of Parent. Parent is indirectly owned by certain funds managed by affiliates of Fortress Investment Group LLC ("Fortress") and Centerbridge Partners, L.P. ("Centerbridge").</font></p> <p style="FONT-FAMILY: times;"><font size="2">        On July 3, 2008, the Company entered into an agreement with certain affiliates of Fortress and Centerbridge, terminating the Merger Agreement. In connection with the termination of the Merger Agreement, the Company agreed to receive a total of $1.475 billion, consisting of a nonrefundable $225 million cash termination fee and a $1.25 billion, zero coupon, preferred equity investment (the "Investment"). On October 30, 2008, the Company closed the sale of the Investment and issued 12,500 shares of the Series B Preferred Stock. During the year ended December 31, 2010, the Company repurchased 225 shares of Series B Preferred Stock for $11.2 million.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        As part of the Spin-Off described further in Note 2, the Company entered into an agreement (the "Exchange Agreement") with FIF V PFD LLC, an affiliate of Fortress, providing for the exchange of shares of the Company's Series B Preferred Stock for shares of a new class of preferred stock, Series C Preferred Stock, in contemplation of the Spin-Off.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Exchange Agreement provided Fortress with the right to exchange its 9,750 shares of Series B Preferred Stock for fractional shares of Series C Preferred Stock at an exchange ratio that treated each such fractional share (and therefore each share of common stock into which such fractional share was convertible) as worth $67 per share, which was the "ceiling price" at which the shares of Series B Preferred Stock were redeemable by the Company at maturity. Any shares of Series B Preferred Stock that were not exchanged for shares of Series C Preferred Stock prior to the second business day before October 16, 2013, the record date established for the distribution of GLPI common stock in the Spin-Off, was automatically exchanged for shares of Series C Preferred Stock on such date. Subsequently, the Company had the right to purchase from Fortress, prior to the record date for the Spin-Off, a number of shares of Series C Preferred Stock, at a price of $67 per fractional share of Series C Preferred Stock, such that, immediately following the consummation of the Spin-Off, Fortress would not own more than 9.9% of GLPI's common stock.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        On October 11, 2013, the Company completed its exchange and repurchase transactions with Fortress and repurchased all of the 2,300 shares of Series B Preferred Stock held by Centerbridge at par. Additionally, in February 2013, the Company repurchased 225 shares of Series B Preferred Stock from WF Investment Holdings, LLC at a slight discount to par. In these transactions, the Company paid a total of $649.5 million, which was primarily funded by borrowings under the revolving credit facility, to the affiliates of Fortress, Centerbridge and WF Investment Holdings, LLC, and issued to the affiliate of Fortress 8,624 shares of non-voting Series C Preferred Stock in order to redeem all of the previously outstanding shares of Series B Preferred Stock. As a result of these transactions, there are currently no outstanding shares of Series B Preferred Stock and Fortress holds 8,624 shares of Series C Preferred Stock.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Under the terms of the Statement with Respect to Shares of Series C Convertible Preferred Stock of the Company (the "Series C Designation"), the Series C Preferred Stock is nonvoting stock, provided, however, that the Series C Designation cannot be altered or amended so as to adversely affect any right or privilege held by the holders of Series C shares without the consent of a majority of the shares of Series C then outstanding. Holders of Series C shares will participate in dividends paid to the holders of common stock of the Company on an as-converted basis. Each share of Series C will automatically convert into 1,000 shares of common stock upon sale to a third party not affiliated with the original holder.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table below discloses the changes in each class of the Company's preferred stock for the year ended December 31, 2013. No changes in the Company's preferred stock occurred in the year ended December 31, 2012 and 2011.</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="74"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="74"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Series B<br /> Preferred Stock</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Series C<br /> Preferred Stock</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Shares outstanding at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">12,275</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Repurchase of Series B Preferred Stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(6,498</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Impact of exchange transaction</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(5,777</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">8,624</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Shares outstanding at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">8,624</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2"><b>Impact of Spin-Off</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        See Note 2 for details of net assets contributed to GLPI in connection with the Spin-Off, which occurred on November 1, 2013, as well as the exchange transaction with Peter M. Carlino and the PMC Delaware Dynasty Trust.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>15.   Stock-Based Compensation</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On April 16, 2003, the Company's Board of Directors adopted and approved the 2003 Long Term Incentive Compensation Plan (the "2003 Plan"). On May 22, 2003, the Company's shareholders approved the 2003 Plan. The 2003 Plan was effective June 1, 2003 and permitted the grant of options to purchase common stock and other market-based and performance-based awards. Up to 12,000,000 shares of common stock were available for awards under the 2003 Plan. The 2003 Plan provided for the granting of both incentive stock options intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended, and nonqualified stock options, which do not so qualify. The exercise price per share may be no less than (i) 100% of the fair market value of the common stock on the date an option is granted for incentive stock options and (ii) 85% of the fair market value of the common stock on the date an option is granted for nonqualified stock options. However the shares which remained available for issuance under such plan as of November 12, 2008 are no longer available for issuance and all future equity awards will be pursuant to the 2008 Long Term Incentive Compensation Plan (the "2008 Plan") described below.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        On August 20, 2008, the Company's Board of Directors adopted and approved the 2008 Plan. On November 12, 2008, the Company's shareholders approved the 2008 Plan. The 2008 Plan permits the Company to issue stock options (incentive and/or non-qualified), stock appreciation rights, restricted stock, phantom stock units and other equity and cash awards to employees. Non-employee directors are eligible to receive all such awards, other than incentive stock options. On June 9, 2011, the Company's shareholders approved an amendment to the 2008 Plan to increase the aggregate number of shares of common stock that may be issued by 2,350,000 to 9,250,000. Awards of stock options and stock appreciation rights will be counted against the 9,250,000 limit as one share of common stock for each share granted. However, each share awarded in the form of restricted stock, or any other full value stock award, will be counted as issuing 2.44 shares of common stock for purposes of determining the number of shares available for issuance under the plan. Any awards that are not settled in shares of common stock shall not count against this limit. At December 31, 2013, there were 872,105 options available for future grants under the 2008 Plan.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        In connection with the Spin-Off of GLPI, employee stock options and cash settled stock appreciation rights were converted through the issuance of GLPI employee stock options and GLPI cash settled stock appreciation rights and an adjustment to the exercise prices of their Penn awards. The number of options and cash settled stock appreciation rights, subject to and the exercise price of each converted award was adjusted to preserve the same intrinsic value of the awards that existed immediately prior to the Spin-Off. As such, no incremental compensation expense was recorded as a result of this conversion.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Holders of outstanding restricted stock awards and cash settled phantom stock unit awards received an additional share of restricted stock or cash settled phantom stock unit awards in GLPI common stock at the Spin-Off so that the intrinsic value of these awards were equivalent to those that existed immediately prior to the Spin-Off.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The unrecognized compensation costs associated with GLPI restricted stock awards, GLPI cash settled phantom stock unit awards, GLPI stock options and GLPI cash settled stock appreciation rights held by Penn employees will continue to be recognized on the Company's financial statements over the awards remaining vesting periods. However, the unrecognized compensation costs at the Spin-Off date associated with these awards and any similar Penn awards held by former Penn employees (including but not limited to the Company's former Chief Executive Officer, Chief Financial Officer, and Senior Vice President of Corporate Development) who are now employed by GLPI effective November 1, 2013, will be recorded on GLPI's financial statements.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Stock options that expire between January 29, 2014 and April 19, 2019, have been granted to officers, directors, employees, and predecessor employees to purchase common stock at prices ranging from $2.83 to $14.41 per share. All options were granted at the fair market value of the common stock on the date the options were granted and have contractual lives ranging from 7 to 10 years. The Company issues new authorized common shares to satisfy stock option exercises as well as restricted stock lapses.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table contains information on stock options issued under the plans for the year ended December 31, 2013:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 73%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"110%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="110%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="68"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="82"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="73"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="69"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Number of<br /> Option Shares</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Weighted-Average<br /> Exercise Price</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Weighted-<br /> Average<br /> Remaining<br /> Contractual<br /> Term (in years)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Aggregate<br /> Intrinsic Value<br /> (in thousands)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Outstanding at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">11,805,688</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">7.33</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Exercised</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(2,452,865</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.95</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Exchanged(1)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(2,022,985</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">7.14</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Canceled</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(13,125</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">6.64</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Outstanding at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">7,316,713</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">7.51</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">3.35</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">52,052</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --><!-- COMMAND=ADD_LINERULETXT,NOSHADE COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" --> <hr style="COLOR: #000000;" align="left" size="1" width="26%" noshade="noshade" /></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">(1)</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Represents the impact of Peter M. Carlino's option exchange transaction, in connection with the Spin-Off, which occurred on November 1, 2013.</font></dd></dl></div> <p style="FONT-FAMILY: times;"><font size="2">        As discussed above and in Note 2, the weighted average exercise prices shown in the table above were reduced as a result of the Spin-Off.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The weighted-average grant-date fair value of options granted during the years ended December 31, 2012 and 2011 were $17.19 and $16.68, respectively. No option grants were awarded in 2013 as the Company chose to grant restricted stock awards instead.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The aggregate intrinsic value of stock options exercised during the years ended December 31, 2013, 2012 and 2011 was $46.0 million, $23.2 million, and $9.5 million, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At December 31, 2013, there were 5,331,652 shares that were exercisable, with a weighted-average exercise price of $7.24, a weighted-average remaining contractual term of 2.98 years, and an aggregate intrinsic value of $39.3 million.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table summarizes information about stock options outstanding at December 31, 2013:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>Exercise Price Range</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>$2.83 to<br /> $6.81</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>$6.96 to<br /> $8.19</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>$8.33 to<br /> $14.41</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>$2.83 to<br /> $14.41</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Outstanding options</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Number outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,611,174</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,537,258</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,168,281</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7,316,713</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average remaining contractual life (years)</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2.16</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3.81</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">4.23</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3.35</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average exercise price</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5.96</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7.64</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9.22</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7.51</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Exercisable options</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Number outstanding</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,253,143</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,927,821</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,150,688</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,331,652</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Weighted-average exercise price</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5.89</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7.47</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9.50</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7.24</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The following table contains information on restricted stock awards issued under the plans for the year ended December 31, 2013:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="83"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Number of Award<br /> Shares</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Outstanding at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">210,527</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Awarded</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">257,500</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Released</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(85,782</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Exchanged(1)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(60,000</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Canceled</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(30,434</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Outstanding at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">291,811</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --><!-- COMMAND=ADD_LINERULETXT,NOSHADE COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" --> <hr style="COLOR: #000000;" align="left" size="1" width="26%" noshade="noshade" /></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">(1)</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Represents the impact of Peter M. Carlino's award exchange transaction, in connection with the Spin-Off, which occurred on November 1, 2013.</font></dd></dl></div> <p style="FONT-FAMILY: times;"><font size="2">        Compensation costs related to stock-based compensation for the years ended December 31, 2013, 2012 and 2011 totaled $22.8 million pre-tax ($13.8 million after-tax), $28.6 million pre-tax ($19.9 million after-tax) and $24.7 million pre-tax ($17.8 million after-tax), respectively, and are included within the consolidated statements of operations under general and administrative expense.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At December 31, 2013 and 2012, the total compensation cost related to nonvested awards not yet recognized equaled $20.0 million and $35.0 million, respectively, including $13.2 million and $33.3 million for stock options, respectively, and $6.8 million and $1.7 million for restricted stock, respectively. This cost is expected to be recognized over the remaining vesting periods, which will not exceed five years.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has also issued cash-settled phantom stock unit awards, which vest over a period of four to five years. Cash-settled phantom stock unit awards entitle employees and directors to receive cash based on the fair value of the Company's common stock on the vesting date. These phantom stock unit awards are accounted for as liability awards and are re-measured at fair value each reporting period until they become vested with compensation expense being recognized over the requisite service period in accordance with ASC 718-30, "Compensation—Stock Compensation, Awards Classified as Liabilities." As of December 31, 2013, there was $16.5 million of total unrecognized compensation cost that will be recognized over the grants remaining weighted average vesting period of 2.72 years. For the years ended December 31, 2013, 2012 and 2011, the Company recognized $11.9 million $5.9 million and $2.1 million of compensation expense associated with these awards, respectively. Amounts paid by the Company for the years ended December 31, 2013, 2012, and 2011 on these cash settled awards totaled $6.6 million, $2.6 million, and $1.8 million, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Additionally, starting in 2011, the Company has issued stock appreciation rights to certain employees, which vest over a period of four years. The Company's stock appreciation rights are accounted for as liability awards since they will be settled in cash. The fair value of these awards is calculated during each reporting period and estimated using the Black-Scholes option pricing model based on the various inputs discussed previously. As of December 31, 2013, there was $8.9 million of total unrecognized compensation cost that will be recognized over the awards remaining weighted average vesting period of 1.84 years. For the years ended December 31, 2013, 2012 and 2011, the Company recognized $7.5 million, $4.4 million and $1.4 million, respectively, of compensation expense associated with these awards. Amounts paid by the Company for the years ended December 31, 2013 and 2012 on these cash settled awards totaled $1.7 million and $0.2 million, respectively. No payments were made for the year ended December 31, 2011.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>16.   Segment Information</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following tables present certain information with respect to the Company's segments. Intersegment revenues between the Company's segments were not material in any of the periods presented below.</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 62%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"130%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="130%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="75"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="56"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Midwest</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>East/West</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Southern Plains</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Other</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="14" align="center"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Year ended December 31, 2013</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,021,069</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,186,951</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">678,745</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">31,989</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,918,754</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">(Loss) income from operations</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(641,951</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">241,822</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(173,706</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(198,137</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(771,972</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">120,584</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">69,493</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">84,341</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">23,908</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">298,326</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Impairment losses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">825,645</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">268,342</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">38,430</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,132,417</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">10,735</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,078</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9,657</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Capital expenditures</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">95,829</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">30,125</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">68,834</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,125</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">199,913</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Year ended December 31, 2012</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">949,464</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,345,621</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">571,246</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">33,134</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,899,465</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from operations</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">206,462</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">291,627</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">132,153</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(187,653</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">442,589</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">92,689</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">88,688</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">49,408</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">14,563</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">245,348</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,210</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(1,406</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3,804</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Capital expenditures</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">388,639</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">43,234</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">35,534</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,578</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">472,985</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Year ended December 31, 2011</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">826,436</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,290,732</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">590,709</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">34,380</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,742,257</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from operations</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">211,356</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">263,423</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">137,580</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(112,778</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">499,581</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">62,844</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">85,723</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">53,764</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9,145</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">211,476</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">(Loss) income from unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(4,834</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">12,198</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">7,364</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Capital expenditures</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">206,081</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">51,701</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">25,488</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9,811</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">293,081</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Balance sheet at December 31, 2013</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">580,478</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">442,207</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">725,491</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">435,815</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,183,991</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Investment in and advances to unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">79</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">127,749</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">65,503</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">193,331</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill and other intangible assets, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">196,040</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">216,470</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">419,976</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">19,560</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">852,046</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>Balance sheet at December 31, 2012</b></font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,318,283</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,198,391</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,680,773</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">446,610</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">5,644,057</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Investment in and advances to unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">87</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">138,514</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">65,905</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">204,506</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill and other intangible assets, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">1,025,505</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">226,047</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">779,787</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">55,827</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,087,166</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> </div>
</us-gaap:SegmentReportingDisclosureTextBlock>
<us-gaap:QuarterlyFinancialInformationTextBlock id="Tag797" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>17.   Summarized Quarterly Data (Unaudited)</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following table summarizes the quarterly results of operations for the years ended December 31, 2013 and 2012:</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="65"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="11" align="center"><font size="1"><b>Fiscal Quarter</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>First</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Second</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Third</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Fourth</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="FONT-FAMILY: times;" colspan="11" align="center"><font size="1"><b>(in thousands, except per share data)</b></font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>2013</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">798,246</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">761,371</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">714,435</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">644,702</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income (loss) from operations</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">133,315</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46,881</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">93,280</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(1,045,448</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income (loss)</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">65,271</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(12,180</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">41,317</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(888,747</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Earnings per common share:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Basic earnings (loss) per common share</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.68</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(0.16</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.43</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(11.40</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Diluted earnings (loss) per common share</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.63</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(0.16</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.40</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(11.40</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2"><b>2012</b></font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net revenues</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">736,059</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">712,551</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">707,044</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">743,811</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income from operations</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">142,615</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">128,015</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">98,666</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">73,293</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">78,619</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">66,667</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">46,446</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">20,239</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Earnings per common share:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2"><br />  </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Basic earnings per common share</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.83</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.70</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.49</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.21</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Diluted earnings per common share</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.74</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.63</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.44</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">0.19</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        During the fourth quarter of 2013, primarily as a result of the Spin-Off, the Company recorded pre-tax impairment charges of $1,058.4 million ($842.9 million, net of taxes), as it determined that a portion of the value of its goodwill and other intangible assets was impaired. In addition, in conjunction with the relocation of the Company's two racetracks in Ohio, the Company recorded a pre-tax impairment charge of $2.2 million ($1.4 million, net of taxes) during the fourth quarter of 2013 for the parcels of land that the racetracks currently reside on, as the land was reclassified as held for sale in 2013 as the Company expects the land to be sold in 2014. Additionally, during the second quarter of 2013, as a result of a new gaming license being awarded for the development of a new casino in Sioux City, Iowa to another applicant in April 2013, the Company recorded a pre-tax impairment charge of $71.8 million ($70.5 million, net of taxes) for Argosy Casino Sioux City, as the Company determined that the fair value of its Sioux City reporting unit was less than its carrying amount based on the Company's analysis of the estimated future expected cash flows the Company anticipates receiving from the operations of the Sioux City facility.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Results for the fourth quarter of 2013 only include results for one month for Hollywood Casino Baton Rouge and Hollywood Casino Perryville as they were contributed to GLPI on November 1, 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        During the fourth quarter of 2013, in connection with the Spin-Off, the Company paid rental expense related to the Master Lease of $69.5 million.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        During the first, second, third and fourth quarters of 2013, the Company incurred transaction costs of $2.3 million, $3.5 million, $8.9 million and $14.1 million, respectively, associated with the Spin-Off, as compared to transaction costs of $2.4 million, $1.2 million, $1.1 million and $2.4 million during the first, second, third and fourth quarters of 2012, respectively.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        During the fourth quarter of 2013, the Company recorded a loss on the early extinguishment of debt of $61.7 million in connection with the repayments of its previous indebtedness.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        During the fourth quarter and third quarter of 2012, the Company incurred non-deductible lobbying costs of $26.0 million and $19.1 million, respectively, associated with its unsuccessful efforts to oppose an expansion of gaming in the state of Maryland.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>18.   Related Party Transactions</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company currently leases 49,928 square feet of executive office and warehouse space for buildings in Wyomissing, Pennsylvania from affiliates of its Chairman of the Board of Directors. Rent expense for the years ended December 31, 2013, 2012 and 2011 amounted to $1.1 million, $1.0 million, and $0.9 million, respectively. The leases for the office space all expire in May 2019, and the lease for the warehouse space expired in July 2013 and was extended on a month-to-month basis. The future minimum lease commitments relating to these leases at December 31, 2013 are $6.2 million.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>19.   Fair Value Measurements</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        ASC 820, "Fair Value Measurements and Disclosures," establishes a hierarchy that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques (market approach, income approach, and cost approach). The levels of the hierarchy are described below:</font></p> <ul> <li style="list-style: none;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.</font> <font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets, such as interest rates and yield curves that are observable at commonly quoted intervals.</font> <font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;"><font size="2">•</font></dt> <dd style="FONT-FAMILY: times;"><font size="2">Level 3: Unobservable inputs that reflect the reporting entity's own assumptions, as there is little, if any, related market activity.</font></dd></dl></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The Company's assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of assets and liabilities and their placement within the fair value hierarchy.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The following tables set forth the assets measured at fair value on a recurring basis, by input level, in the consolidated balance sheets at December 31, 2012 (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 62%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"130%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="130%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="67" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="92"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="53"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Balance Sheet<br /> Location</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Quoted Prices in<br /> Active Markets for<br /> Identical Assets or<br /> Liabilities (Level 1)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Significant<br /> Other<br /> Observable<br /> Inputs<br /> (Level 2)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Significant<br /> Unobservable<br /> Inputs<br /> (Level 3)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>December 31,<br /> 2012<br /> Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -9pt; FONT-FAMILY: times; MARGIN-LEFT: 9pt;"><font size="2">Assets:</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -9pt; FONT-FAMILY: times; MARGIN-LEFT: 18pt;"><font size="2">Investment in corporate debt securities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2">Other assets</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,790</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times;"><font size="2">        The valuation technique used to measure the fair value of the investment in corporate debt securities is the market approach. See Note 4 for a description of the input used in calculating the fair value measurement of investment in corporate debt securities. As described in Note 10, the investment in corporate debt securities was redeemed in 2013.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        There were no long-lived assets measured at fair value on a non-recurring basis during the year ended December 31, 2012. The amounts below represent the long-lived assets measured at fair value on a nonrecurring basis during the year ended December 31, 2013 (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 54%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="1"><!-- COMMAND=ADD_TABLEWIDTH,"150%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="150%" style="text-align:left;"> <tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="105" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="92"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="53"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="64"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="6" align="right"></td> <td style="FONT-FAMILY: times;" width="78"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" align="center"><font size="1"><b>Balance<br /> Sheet<br /> Location</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Quoted Prices in<br /> Active Markets for<br /> Identical Assets or<br /> Liabilities (Level 1)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Significant<br /> Other<br /> Observable<br /> Inputs<br /> (Level 2)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Significant<br /> Unobservable<br /> Inputs<br /> (Level 3)</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Balance at<br /> December 31,<br /> 2013<br /> Total</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Total Reduction<br /> in Fair Value<br /> Recorded during<br /> the year ended<br /> December 31, 2013</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"><font size="1">Assets:</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"><font size="1">Goodwill</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">Goodwill</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">136,975</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">136,975</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">(807,464</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"><font size="1">Intangible assets</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">Other intangible assets</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">234,819</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">234,819</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">(322,753</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">)</font></td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"><font size="1">Long-lived assets</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">Other assets</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">6,452</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">6,452</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">(2,200</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="1"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -8pt; FONT-FAMILY: times; MARGIN-LEFT: 8pt;"> </p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="1">(1,132,417</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="1">)</font></td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="1"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; 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Additionally, as a result of a new gaming license being awarded for the development of a new casino in Sioux City, Iowa to another applicant in April 2013, the Company recorded a pre-tax impairment charge of $71.8 million ($70.5 million, net of taxes) for Argosy Casino Sioux City for the year ended December 31, 2013, as the Company determined that the fair value of its Sioux City reporting unit was less than its carrying amount based on the Company's analysis of the estimated future expected cash flows the Company anticipates receiving from the operations of the Sioux City facility. In addition, in conjunction with the relocation of the Company's two racetracks in Ohio, the Company recorded a pre-tax impairment charge of $2.2 million ($1.4 million, net of taxes) for the year ended December 31, 2013 for the parcels of land that the racetracks currently reside on, as the land was reclassified as held for sale in 2013 as the Company expects the land to be sold in 2014.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The valuation technique used to measure the fair value of goodwill and intangible assets was the income approach and long-lived assets was the market approach. For the land held for sale in Ohio, the fair value is based on the expected proceeds to be received by the Company upon completion of the sale. See Note 4 for a description of the inputs and the information used to develop the inputs in calculating the fair value measurements of goodwill, indefinite-life intangible assets and long-lived assets.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>20.   Insurance Recoveries and Deductibles</b></font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Hollywood Casino St. Louis Tornado</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On May 31, 2013, Hollywood Casino St. Louis sustained minor damage as a result of a tornado and was forced to close for approximately fourteen hours. At the time of the tornado, the Company carried property insurance coverage with a limit of $600 million for both property damage and business interruption applicable to this event. This coverage included a $2.5 million property damage deductible and two days of business interruption deductible for the peril of a tornado. During the year ended December 31, 2013, the Company recorded a $2.5 million pre-tax loss for the property damage insurance deductible, which was partially offset by a $2.4 million pre-tax gain recorded for proceeds received that exceeded the net book value of assets believed to be damaged or destroyed and other costs incurred as a result of the tornado at Hollywood Casino St. Louis.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Hollywood Casino Joliet Fire</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On March 20, 2009, Hollywood Casino Joliet, which was undergoing a $55 million renovation, was closed following a fire that started in the land-based pavilion at the facility. All customers and employees were successfully evacuated, and the fire was contained on the land-side of the property before it could spread to the adjacent casino barge. On June 25, 2009, the casino barge was reopened with temporary land-based facilities, and the Company began construction of a new land-based pavilion. In December 2010, the first phase of the new permanent land-based pavilion was opened to the public and in January 2011 the final phase, including a sports bar, was completed.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At the time of the fire, the Company carried a builders' risk insurance policy for the on-going renovations with a policy limit of $57 million, inclusive of $14 million for delay in completion and $43 million for property damage. The builders' risk insurance policy included a $50,000 property damage deductible and a 30-day delay in completion deductible for the peril of fire. In addition, the Company carried comprehensive business interruption and property damage insurance for the operational components of Hollywood Casino Joliet with an overall limit of $228 million. The operational insurance policy included a $2.5 million property damage deductible and a 48-hour business interruption deductible for the peril of fire.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company received $81.2 million in insurance proceeds related to the fire at Hollywood Casino Joliet, with $18.6 million received during the year ended December 31, 2011. As the insurance recovery amount exceeded the net book value of assets believed to be damaged, destroyed or abandoned and other costs incurred as a result of the fire at Hollywood Casino Joliet in 2010, the Company recorded a pre-tax gain of $18.5 million during the year ended December 31, 2011. During the second quarter of 2011, the insurance claim for the fire at Hollywood Casino Joliet was settled and no further proceeds will be received.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>Hollywood Casino Tunica Flood</i></font></p> <p style="FONT-FAMILY: times;"><font size="2">        On May 1, 2011, Hollywood Casino Tunica was forced to close as a result of flooding by the Mississippi River. Due to the flooding, access to the property was temporarily cut off and the property sustained minor damage. The property reopened on May 25, 2011.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        At the time of the flood, the Company carried property insurance coverage with a flood limit of $300 million for both property damage and business interruption applicable to this event. This coverage included a $5 million property damage and two day business interruption deductible for the peril of flood.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company received $15.4 million in insurance proceeds related to the flood at Hollywood Casino Tunica, with $8.4 million and $7.0 million received during the years ended December 31, 2012 and 2011, respectively. As the insurance recovery amount exceeded the net book value of assets believed to be damaged and other costs incurred as a result of the flood in 2012, the Company recorded a pre-tax gain of $7.2 million during the year ended December 31, 2012. During the second quarter of 2012, the insurance claim for the flood at Hollywood Casino Tunica was settled and as such no further proceeds will be received.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        During the year ended December 31, 2011, the Company recorded a $5.2 million pre-tax loss for the insurance deductibles for property damage and business interruption.</font></p> </div>
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<us-gaap:OtherComprehensiveIncomeLossNetOfTax id="Tag881" decimals="-3" contextRef="D2012" unitRef="USD"> 704000 </us-gaap:OtherComprehensiveIncomeLossNetOfTax>
<us-gaap:OtherComprehensiveIncomeLossNetOfTax id="Tag882" decimals="-3" contextRef="D2011" unitRef="USD"> 10203000 </us-gaap:OtherComprehensiveIncomeLossNetOfTax>
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<us-gaap:SharesIssued id="Tag907" decimals="INF" contextRef="I2011_RedeemablePreferredStockMember" unitRef="Shares"> 12275 </us-gaap:SharesIssued>
<us-gaap:SharesIssued id="Tag908" decimals="INF" contextRef="I2011_CommonStockMember" unitRef="Shares"> 76213126 </us-gaap:SharesIssued>
<us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised id="Tag909" decimals="-3" contextRef="D2012_CommonStockMember" unitRef="USD"> 13000 </us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
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<us-gaap:StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures id="Tag911" decimals="INF" contextRef="D2012_CommonStockMember" unitRef="Shares"> -7616 </us-gaap:StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures>
<us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised id="Tag912" decimals="-3" contextRef="D2012_AdditionalPaidInCapitalMember" unitRef="USD"> 62234000 </us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
<us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised id="Tag913" decimals="-3" contextRef="D2012" unitRef="USD"> 62247000 </us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
<us-gaap:StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures id="Tag914" decimals="-3" contextRef="D2012_AdditionalPaidInCapitalMember" unitRef="USD"> 4376000 </us-gaap:StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures>
<us-gaap:StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures id="Tag915" decimals="-3" contextRef="D2012" unitRef="USD"> 4376000 </us-gaap:StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures>
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<us-gaap:SharesIssued id="Tag917" decimals="INF" contextRef="I2012_RedeemablePreferredStockMember" unitRef="Shares"> 12275 </us-gaap:SharesIssued>
<us-gaap:SharesIssued id="Tag918" decimals="INF" contextRef="I2012_CommonStockMember" unitRef="Shares"> 77446601 </us-gaap:SharesIssued>
<us-gaap:StockRepurchasedDuringPeriodValue id="Tag919" decimals="-3" contextRef="D2013_AdditionalPaidInCapitalMember" unitRef="USD"> 649518000 </us-gaap:StockRepurchasedDuringPeriodValue>
<us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised id="Tag920" decimals="-3" contextRef="D2013_CommonStockMember" unitRef="USD"> 25000 </us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
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<us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions id="Tag931" decimals="-3" contextRef="D2012" unitRef="USD"> 5411000 </us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions>
<us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions id="Tag932" decimals="-3" contextRef="D2013" unitRef="USD"> 9725000 </us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions>
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<us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets id="Tag950" decimals="-3" contextRef="D2012" unitRef="USD"> -14445000 </us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
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<us-gaap:IncreaseDecreaseInAccountsPayable id="Tag954" decimals="-3" contextRef="D2012" unitRef="USD"> 1334000 </us-gaap:IncreaseDecreaseInAccountsPayable>
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<us-gaap:IncreaseDecreaseInOtherAccruedLiabilities id="Tag956" decimals="-3" contextRef="D2012" unitRef="USD"> 12770000 </us-gaap:IncreaseDecreaseInOtherAccruedLiabilities>
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<us-gaap:IncreaseDecreaseInInterestPayableNet id="Tag958" decimals="-3" contextRef="D2012" unitRef="USD"> 3925000 </us-gaap:IncreaseDecreaseInInterestPayableNet>
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<us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities id="Tag960" decimals="-3" contextRef="D2012" unitRef="USD"> 10285000 </us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities>
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<us-gaap:IncreaseDecreaseInPropertyAndOtherTaxesPayable id="Tag962" decimals="-3" contextRef="D2012" unitRef="USD"> 6051000 </us-gaap:IncreaseDecreaseInPropertyAndOtherTaxesPayable>
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<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment id="Tag973" decimals="-3" contextRef="D2012" unitRef="USD"> 386344000 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment id="Tag974" decimals="-3" contextRef="D2011" unitRef="USD"> 216049000 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
<us-gaap:PaymentsForCapitalImprovements id="Tag975" decimals="-3" contextRef="D2012" unitRef="USD"> 86641000 </us-gaap:PaymentsForCapitalImprovements>
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<us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment id="Tag977" decimals="-3" contextRef="D2012" unitRef="USD"> 5323000 </us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment>
<us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment id="Tag978" decimals="-3" contextRef="D2011" unitRef="USD"> 12966000 </us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment>
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<us-gaap:PaymentsToAcquireInterestInJointVenture id="Tag981" decimals="-3" contextRef="D2012" unitRef="USD"> 36000000 </us-gaap:PaymentsToAcquireInterestInJointVenture>
<us-gaap:PaymentsToAcquireInterestInJointVenture id="Tag982" decimals="-3" contextRef="D2011" unitRef="USD"> 100398000 </us-gaap:PaymentsToAcquireInterestInJointVenture>
<us-gaap:IncreaseDecreaseInRestrictedCash id="Tag983" decimals="-3" contextRef="D2012" unitRef="USD"> -24625000 </us-gaap:IncreaseDecreaseInRestrictedCash>
<us-gaap:IncreaseDecreaseInRestrictedCash id="Tag984" decimals="-3" contextRef="D2011" unitRef="USD"> -28975000 </us-gaap:IncreaseDecreaseInRestrictedCash>
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<us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations id="Tag987" decimals="-3" contextRef="D2012" unitRef="USD"> -1188487000 </us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations>
<us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations id="Tag988" decimals="-3" contextRef="D2011" unitRef="USD"> -338802000 </us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations>
<us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations id="Tag989" decimals="-3" contextRef="D2013" unitRef="USD"> -414957000 </us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations>
<us-gaap:ProceedsFromStockOptionsExercised id="Tag990" decimals="-3" contextRef="D2012" unitRef="USD"> 31933000 </us-gaap:ProceedsFromStockOptionsExercised>
<us-gaap:ProceedsFromStockOptionsExercised id="Tag991" decimals="-3" contextRef="D2011" unitRef="USD"> 16719000 </us-gaap:ProceedsFromStockOptionsExercised>
<us-gaap:PaymentsForRepurchaseOfCommonStock id="Tag992" decimals="-3" contextRef="D2011" unitRef="USD"> 105206000 </us-gaap:PaymentsForRepurchaseOfCommonStock>
<us-gaap:ProceedsFromIssuanceOfLongTermDebt id="Tag993" decimals="-3" contextRef="D2012" unitRef="USD"> 1162709000 </us-gaap:ProceedsFromIssuanceOfLongTermDebt>
<us-gaap:ProceedsFromIssuanceOfLongTermDebt id="Tag994" decimals="-3" contextRef="D2011" unitRef="USD"> 1773232000 </us-gaap:ProceedsFromIssuanceOfLongTermDebt>
<us-gaap:RepaymentsOfLongTermDebt id="Tag995" decimals="-3" contextRef="D2012" unitRef="USD"> 494891000 </us-gaap:RepaymentsOfLongTermDebt>
<us-gaap:RepaymentsOfLongTermDebt id="Tag996" decimals="-3" contextRef="D2011" unitRef="USD"> 1928571000 </us-gaap:RepaymentsOfLongTermDebt>
<us-gaap:ProceedsFromIssuanceOfOtherLongTermDebt id="Tag997" decimals="-3" contextRef="D2012" unitRef="USD"> 10000000 </us-gaap:ProceedsFromIssuanceOfOtherLongTermDebt>
<penn:ProceedsFromInsuranceFinancing id="Tag998" decimals="-3" contextRef="D2012" unitRef="USD"> 4746000 </penn:ProceedsFromInsuranceFinancing>
<penn:ProceedsFromInsuranceFinancing id="Tag999" decimals="-3" contextRef="D2011" unitRef="USD"> 17406000 </penn:ProceedsFromInsuranceFinancing>
<penn:PaymentsForInsuranceFinancing id="Tag1000" decimals="-3" contextRef="D2012" unitRef="USD"> 17253000 </penn:PaymentsForInsuranceFinancing>
<penn:PaymentsForInsuranceFinancing id="Tag1001" decimals="-3" contextRef="D2011" unitRef="USD"> 12645000 </penn:PaymentsForInsuranceFinancing>
<us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities id="Tag1002" decimals="-3" contextRef="D2012" unitRef="USD"> 6081000 </us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities>
<us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities id="Tag1003" decimals="-3" contextRef="D2011" unitRef="USD"> 2557000 </us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities>
<us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations id="Tag1004" decimals="-3" contextRef="D2012" unitRef="USD"> 703325000 </us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations>
<us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations id="Tag1005" decimals="-3" contextRef="D2011" unitRef="USD"> -236508000 </us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations>
<us-gaap:NetCashProvidedByUsedInContinuingOperations id="Tag1006" decimals="-3" contextRef="D2013" unitRef="USD"> 32528000 </us-gaap:NetCashProvidedByUsedInContinuingOperations>
<us-gaap:NetCashProvidedByUsedInContinuingOperations id="Tag1007" decimals="-3" contextRef="D2012" unitRef="USD"> 22027000 </us-gaap:NetCashProvidedByUsedInContinuingOperations>
<us-gaap:NetCashProvidedByUsedInContinuingOperations id="Tag1008" decimals="-3" contextRef="D2011" unitRef="USD"> -7945000 </us-gaap:NetCashProvidedByUsedInContinuingOperations>
<us-gaap:InterestPaidNet id="Tag1009" decimals="-3" contextRef="D2012" unitRef="USD"> 70239000 </us-gaap:InterestPaidNet>
<us-gaap:InterestPaidNet id="Tag1010" decimals="-3" contextRef="D2011" unitRef="USD"> 93140000 </us-gaap:InterestPaidNet>
<us-gaap:IncomeTaxesPaidNet id="Tag1011" decimals="-3" contextRef="D2012" unitRef="USD"> 187515000 </us-gaap:IncomeTaxesPaidNet>
<us-gaap:IncomeTaxesPaidNet id="Tag1012" decimals="-3" contextRef="D2011" unitRef="USD"> 90702000 </us-gaap:IncomeTaxesPaidNet>
<us-gaap:NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 id="Tag1013" decimals="-5" contextRef="D2011Q2_M0601" unitRef="USD"> 203700000 </us-gaap:NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1>
<penn:NoncashOrPartNoncashAcquisitionCurrentAssetsAcquired id="Tag1014" decimals="-5" contextRef="D2011Q2_M0601" unitRef="USD"> 13700000 </penn:NoncashOrPartNoncashAcquisitionCurrentAssetsAcquired>
<us-gaap:NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 id="Tag1015" decimals="-5" contextRef="D2011Q2_M0601" unitRef="USD"> 2400000 </us-gaap:NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1>
<penn:NoncashOrPartNoncashAcquisitionTotalCurrentLiabilities id="Tag1016" decimals="-5" contextRef="D2011Q2_M0601" unitRef="USD"> 17300000 </penn:NoncashOrPartNoncashAcquisitionTotalCurrentLiabilities>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag1017" decimals="-3" contextRef="I2013_CapitalLeaseObligationsMember" unitRef="USD"> 2015000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:DebtInstrumentInterestRateStatedPercentage id="Tag1018" decimals="INF" contextRef="I2013_SeniorUnsecuredNotes5.875PercentDueNovember2012Member" unitRef="Pure"> 0.05875 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:DebtInstrumentTerm id="Tag1019" contextRef="D2013Q4_M1030_LineOfCreditMember"> P5Y </us-gaap:DebtInstrumentTerm>
<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1020" decimals="-6" contextRef="I2013Q4_M1030_LineOfCreditMember" unitRef="USD"> 500000000 </us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
<us-gaap:DebtInstrumentTerm id="Tag1021" contextRef="D2013Q4_M1030_TermLoanAFacilityMember"> P5Y </us-gaap:DebtInstrumentTerm>
<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1022" decimals="-6" contextRef="I2013Q4_M1030_TermLoanAFacilityMember" unitRef="USD"> 500000000 </us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
<us-gaap:DebtInstrumentTerm id="Tag1023" contextRef="D2013Q4_M1030_TermLoanBFacilityMember"> P7Y </us-gaap:DebtInstrumentTerm>
<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="Tag1024" decimals="-6" contextRef="I2013Q4_M1030_TermLoanBFacilityMember" unitRef="USD"> 250000000 </us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
<us-gaap:DebtInstrumentDescriptionOfVariableRateBasis id="Tag1025" contextRef="D2013Q4_M1030_TermLoanAFacilityMember"> LIBOR </us-gaap:DebtInstrumentDescriptionOfVariableRateBasis>
<us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="Tag1026" decimals="4" contextRef="D2013Q4_M1030_TermLoanAFacilityMember_MaximumMember" unitRef="Pure"> 0.0275 </us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
<us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="Tag1027" decimals="4" contextRef="D2013Q4_M1030_TermLoanAFacilityMember_MinimumMember" unitRef="Pure"> 0.0125 </us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
<us-gaap:DebtInstrumentDescriptionOfVariableRateBasis id="Tag1028" contextRef="D2013Q4_M1030_TermLoanBFacilityMember"> LIBOR </us-gaap:DebtInstrumentDescriptionOfVariableRateBasis>
<us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="Tag1029" decimals="4" contextRef="D2013Q4_M1030_TermLoanBFacilityMember" unitRef="Pure"> 0.0250 </us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
<us-gaap:GainsLossesOnExtinguishmentOfDebt id="Tag1030" decimals="-5" contextRef="D2013_VariableRateTermLoanBMember" unitRef="USD"> -21500000 </us-gaap:GainsLossesOnExtinguishmentOfDebt>
<us-gaap:DebtInstrumentCarryingAmount id="Tag1031" decimals="-5" contextRef="I2013_TermLoanBFacilityMember" unitRef="USD"> 250000000 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:DebtInstrumentCarryingAmount id="Tag1032" decimals="-5" contextRef="I2013_TermLoanAFacilityMember" unitRef="USD"> 500000000 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:ExtinguishmentOfDebtAmount id="Tag1033" decimals="-6" contextRef="D2013Q4_SeniorSubordinatedNotes8.75PercentDueAugust2019Member" unitRef="USD"> 325000000 </us-gaap:ExtinguishmentOfDebtAmount>
<us-gaap:GainsLossesOnExtinguishmentOfDebt id="Tag1034" decimals="-5" contextRef="D2013Q4_SeniorSubordinatedNotes8.75PercentDueAugust2019Member" unitRef="USD"> -40200000 </us-gaap:GainsLossesOnExtinguishmentOfDebt>
<us-gaap:LiabilitiesNoncurrent id="Tag1035" decimals="-3" contextRef="I2013" unitRef="USD"> 1064122000 </us-gaap:LiabilitiesNoncurrent>
<us-gaap:DebtAndCapitalLeaseObligations id="Tag1036" decimals="-3" contextRef="I2013Q4_M1030_SeniorUnsecuredNotes5.875PercentDueNovember2012Member" unitRef="USD"> 300000000 </us-gaap:DebtAndCapitalLeaseObligations>
<us-gaap:DebtInstrumentRedemptionPricePercentage id="Tag1037" decimals="2" contextRef="D2013Q4_M1030_SeniorUnsecuredNotes5.875PercentDueNovember2012Member" unitRef="Pure"> 1.00 </us-gaap:DebtInstrumentRedemptionPricePercentage>
<penn:DebtInstrumentRedemptionPricePercentageInConnectionWithEquityOffering id="Tag1038" decimals="5" contextRef="D2013Q4_M1030_SeniorUnsecuredNotes5.875PercentDueNovember2012Member" unitRef="Pure"> 1.05875 </penn:DebtInstrumentRedemptionPricePercentageInConnectionWithEquityOffering>
<penn:DebtInstrumentPeriodFromCompletionOfEquityOfferingDuringWhichEntityCanRedeemDebt id="Tag1039" contextRef="D2013Q4_M1030_SeniorUnsecuredNotes5.875PercentDueNovember2012Member"> P180D </penn:DebtInstrumentPeriodFromCompletionOfEquityOfferingDuringWhichEntityCanRedeemDebt>
<penn:DebtInstrumentPercentageOfNotesOriginallyIssuedRemainsOutstanding id="Tag1040" decimals="2" contextRef="I2013Q4_M1030_SeniorUnsecuredNotes5.875PercentDueNovember2012Member" unitRef="Pure"> 0.60 </penn:DebtInstrumentPercentageOfNotesOriginallyIssuedRemainsOutstanding>
<us-gaap:DebtInstrumentInterestRateStatedPercentage id="Tag1041" decimals="INF" contextRef="I2013Q4_M1030_SeniorUnsecuredNotes5.875PercentDueNovember2012Member" unitRef="Pure"> 0.05875 </us-gaap:DebtInstrumentInterestRateStatedPercentage>
<us-gaap:NumberOfInterestRateDerivativesHeld id="Tag1042" decimals="INF" contextRef="I2012_InterestRateSwapMember" unitRef="Contract"> 0 </us-gaap:NumberOfInterestRateDerivativesHeld>
<us-gaap:CommonStockValue id="Tag1043" decimals="-3" contextRef="I2013" unitRef="USD"> 775000 </us-gaap:CommonStockValue>
<us-gaap:AdditionalPaidInCapital id="Tag1044" decimals="-3" contextRef="I2013" unitRef="USD"> 887556000 </us-gaap:AdditionalPaidInCapital>
<us-gaap:RetainedEarningsAccumulatedDeficit id="Tag1045" decimals="-3" contextRef="I2013" unitRef="USD"> -130314000 </us-gaap:RetainedEarningsAccumulatedDeficit>
<penn:DebtInstrumentFloorOfVariableRateBasis id="Tag1046" decimals="4" contextRef="I2013Q4_M1030_TermLoanBFacilityMember" unitRef="Pure"> 0.0075 </penn:DebtInstrumentFloorOfVariableRateBasis>
<penn:ScheduleOfIntangibleAssetsAndGoodwillByReportingUnitTableTextBlock id="Tag1047" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The Company's remaining goodwill and other intangible assets by reporting unit at December 31, 2013 is shown below (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 552px;" border="0" cellspacing="0" cellpadding="0" width="552"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="78"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 53pt; MARGIN-BOTTOM: 0pt;"><font size="1"><b>Reporting Unit <!-- COMMAND=ADD_SCROPPEDRULE,53pt --></b></font></div></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Goodwill</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Other Intangible<br /> Assets</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; 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PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Argosy Casino Sioux City</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">8,380</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Others</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">52,165</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">839</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">492,398</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">359,648</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</penn:ScheduleOfIntangibleAssetsAndGoodwillByReportingUnitTableTextBlock>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit id="Tag1048" decimals="2" contextRef="D2013_ExercisePriceRangeOneMember" unitRef="USDPerShare"> 2.83 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit id="Tag1049" decimals="2" contextRef="D2013_ExercisePriceRangeTwoMember" unitRef="USDPerShare"> 6.96 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit id="Tag1050" decimals="2" contextRef="D2013_ExercisePriceRangeThreeMember" unitRef="USDPerShare"> 8.33 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit>
<penn:ScheduleOfChangesInEachClassOfOutstandingPreferredStockTableTextBlock id="Tag1051" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"> </p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 90.11%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"> </p> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="74"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="74"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Series B<br /> Preferred Stock</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>Series C<br /> Preferred Stock</b></font></th> <th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Shares outstanding at December 31, 2012</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">12,275</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Repurchase of Series B Preferred Stock</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(6,498</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Impact of exchange transaction</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(5,777</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">8,624</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Shares outstanding at December 31, 2013</font></p></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">—</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">8,624</font></td> <td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" valign="bottom">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="top" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
</penn:ScheduleOfChangesInEachClassOfOutstandingPreferredStockTableTextBlock>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit id="Tag1052" decimals="2" contextRef="D2013" unitRef="USDPerShare"> 2.83 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit id="Tag1053" decimals="2" contextRef="D2013_ExercisePriceRangeOneMember" unitRef="USDPerShare"> 6.81 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit id="Tag1054" decimals="2" contextRef="D2013_ExercisePriceRangeTwoMember" unitRef="USDPerShare"> 8.19 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit id="Tag1055" decimals="2" contextRef="D2013_ExercisePriceRangeThreeMember" unitRef="USDPerShare"> 14.41 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit id="Tag1056" decimals="2" contextRef="D2013" unitRef="USDPerShare"> 14.41 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions id="Tag1057" decimals="INF" contextRef="I2013_ExercisePriceRangeTwoMember" unitRef="Shares"> 2537258 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions id="Tag1058" decimals="INF" contextRef="I2013_ExercisePriceRangeThreeMember" unitRef="Shares"> 2168281 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions id="Tag1059" decimals="INF" contextRef="I2013" unitRef="Shares"> 7316713 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions id="Tag1060" decimals="INF" contextRef="I2013_ExercisePriceRangeOneMember" unitRef="Shares"> 2611174 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 id="Tag1061" contextRef="D2013_ExercisePriceRangeOneMember"> P2Y1M28D </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 id="Tag1062" contextRef="D2013_ExercisePriceRangeTwoMember"> P3Y9M22D </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 id="Tag1063" contextRef="D2013_ExercisePriceRangeThreeMember"> P4Y2M23D </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2 id="Tag1064" contextRef="D2013"> P3Y4M6D </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 id="Tag1065" decimals="2" contextRef="I2013_ExercisePriceRangeOneMember" unitRef="USDPerShare"> 5.96 </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 id="Tag1066" decimals="2" contextRef="I2013_ExercisePriceRangeTwoMember" unitRef="USDPerShare"> 7.64 </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 id="Tag1067" decimals="2" contextRef="I2013_ExercisePriceRangeThreeMember" unitRef="USDPerShare"> 9.22 </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1 id="Tag1068" decimals="2" contextRef="I2013" unitRef="USDPerShare"> 7.51 </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions id="Tag1069" decimals="INF" contextRef="I2013_ExercisePriceRangeOneMember" unitRef="Shares"> 2253143 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions id="Tag1070" decimals="INF" contextRef="I2013_ExercisePriceRangeTwoMember" unitRef="Shares"> 1927821 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions id="Tag1071" decimals="INF" contextRef="I2013_ExercisePriceRangeThreeMember" unitRef="Shares"> 1150688 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions>
<us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions id="Tag1072" decimals="INF" contextRef="I2013" unitRef="Shares"> 5331652 </us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1 id="Tag1073" decimals="2" contextRef="I2013_ExercisePriceRangeOneMember" unitRef="USDPerShare"> 5.89 </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1 id="Tag1074" decimals="2" contextRef="I2013_ExercisePriceRangeTwoMember" unitRef="USDPerShare"> 7.47 </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1 id="Tag1075" decimals="2" contextRef="I2013_ExercisePriceRangeThreeMember" unitRef="USDPerShare"> 9.50 </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1>
<us-gaap:CasinoRevenue id="Tag1076" decimals="-3" contextRef="D2013" unitRef="USD"> 2615169000 </us-gaap:CasinoRevenue>
<us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1 id="Tag1077" decimals="2" contextRef="I2013" unitRef="USDPerShare"> 7.24 </us-gaap:SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1>
<us-gaap:OperatingLeasesRentExpenseNet id="Tag1078" decimals="-5" contextRef="D2012_AffiliatesOfEntityChairmanMember" unitRef="USD"> 1000000 </us-gaap:OperatingLeasesRentExpenseNet>
<us-gaap:OperatingLeasesRentExpenseNet id="Tag1079" decimals="-5" contextRef="D2011_AffiliatesOfEntityChairmanMember" unitRef="USD"> 900000 </us-gaap:OperatingLeasesRentExpenseNet>
<us-gaap:OperatingLeasesRentExpenseNet id="Tag1080" decimals="-5" contextRef="D2013_AffiliatesOfEntityChairmanMember" unitRef="USD"> 1100000 </us-gaap:OperatingLeasesRentExpenseNet>
<us-gaap:AccountsAndNotesReceivableNet id="Tag1081" decimals="-5" contextRef="I2013_DefinitiveAgreementWithJamulIndianVillageMember" unitRef="USD"> 7000000 </us-gaap:AccountsAndNotesReceivableNet>
<us-gaap:AccountsAndNotesReceivableNet id="Tag1082" decimals="-5" contextRef="I2012_DefinitiveAgreementWithJamulIndianVillageMember" unitRef="USD"> 1400000 </us-gaap:AccountsAndNotesReceivableNet>
<penn:NumberOfMilesOfProposedFacilityFromSpecifiedLocation id="Tag1083" decimals="0" contextRef="I2013Q2_M0405_DefinitiveAgreementWithJamulIndianVillageMember" unitRef="Mile"> 20 </penn:NumberOfMilesOfProposedFacilityFromSpecifiedLocation>
<penn:ProposedFacilityDevelopmentCost id="Tag1084" decimals="-6" contextRef="D2013Q2_M0405_DefinitiveAgreementWithJamulIndianVillageMember" unitRef="USD"> 360000000 </penn:ProposedFacilityDevelopmentCost>
<us-gaap:AreaOfRealEstateProperty id="Tag1085" decimals="0" contextRef="I2013Q2_M0405_DefinitiveAgreementWithJamulIndianVillageMember" unitRef="Square_Foot"> 200000 </us-gaap:AreaOfRealEstateProperty>
<penn:NumberOfSlotMachines id="Tag1086" decimals="0" contextRef="D2013Q2_M0405_DefinitiveAgreementWithJamulIndianVillageMember" unitRef="Gaming_Machine"> 1700 </penn:NumberOfSlotMachines>
<penn:NumberOfTableGames id="Tag1087" decimals="0" contextRef="D2013Q2_M0405_DefinitiveAgreementWithJamulIndianVillageMember" unitRef="Table_Game"> 50 </penn:NumberOfTableGames>
<penn:NumberOfParkingSpacesStructure id="Tag1088" decimals="0" contextRef="D2013Q2_M0405_DefinitiveAgreementWithJamulIndianVillageMember" unitRef="Parking_Space"> 1900 </penn:NumberOfParkingSpacesStructure>
<penn:PeriodOverWhichOperatingLeaseComponentAdjusted id="Tag1089" contextRef="D2013_MasterLeaseAgreementMember_FacilitiesHeldUnderLeasesMember"> P5Y </penn:PeriodOverWhichOperatingLeaseComponentAdjusted>
<penn:OperatingLeaseComponentAdjustmentAsPercentageOfAverageChangeToNetRevenuesDuringPrecedingFiveYears id="Tag1090" decimals="2" contextRef="D2013_MasterLeaseAgreementMember_FacilitiesHeldUnderLeasesMember" unitRef="Pure"> 0.04 </penn:OperatingLeaseComponentAdjustmentAsPercentageOfAverageChangeToNetRevenuesDuringPrecedingFiveYears>
<penn:OperatingLeaseComponentAdjustmentAsPercentageOfAverageChangeToNetRevenuesDuringPrecedingMonth id="Tag1091" decimals="2" contextRef="D2013_MasterLeaseAgreementMember_CasinosHeldUnderLeasesMember" unitRef="Pure"> 0.20 </penn:OperatingLeaseComponentAdjustmentAsPercentageOfAverageChangeToNetRevenuesDuringPrecedingMonth>
<us-gaap:LeaseAndRentalExpense id="Tag1092" decimals="-5" contextRef="D2013_MasterLeaseAgreementMember" unitRef="USD"> 69500000 </us-gaap:LeaseAndRentalExpense>
<us-gaap:LeaseAndRentalExpense id="Tag1093" decimals="-5" contextRef="D2013_OtherLeaseAgreementsMember" unitRef="USD"> 28400000 </us-gaap:LeaseAndRentalExpense>
<us-gaap:LeaseAndRentalExpense id="Tag1094" decimals="-5" contextRef="D2012_OtherLeaseAgreementsMember" unitRef="USD"> 29700000 </us-gaap:LeaseAndRentalExpense>
<us-gaap:LeaseAndRentalExpense id="Tag1095" decimals="-5" contextRef="D2011_OtherLeaseAgreementsMember" unitRef="USD"> 28900000 </us-gaap:LeaseAndRentalExpense>
<penn:LeaseRenewalOptionsNumber id="Tag1096" decimals="INF" contextRef="D2013_MasterLeaseAgreementMember_MaximumMember" unitRef="Renewal_Option"> 4 </penn:LeaseRenewalOptionsNumber>
<penn:LeaseRenewalOptionsTerm id="Tag1097" contextRef="D2013_MasterLeaseAgreementMember"> P5Y </penn:LeaseRenewalOptionsTerm>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent id="Tag1098" decimals="-3" contextRef="I2013_OtherLeaseAgreementsMember" unitRef="USD"> 4628000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent id="Tag1099" decimals="-3" contextRef="I2013_MasterLeaseAgreementMember" unitRef="USD"> 376552000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears id="Tag1100" decimals="-3" contextRef="I2013_OtherLeaseAgreementsMember" unitRef="USD"> 3344000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears id="Tag1101" decimals="-3" contextRef="I2013_MasterLeaseAgreementMember" unitRef="USD"> 376552000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears id="Tag1102" decimals="-3" contextRef="I2013_OtherLeaseAgreementsMember" unitRef="USD"> 2557000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears id="Tag1103" decimals="-3" contextRef="I2013_MasterLeaseAgreementMember" unitRef="USD"> 376552000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFourYears id="Tag1104" decimals="-3" contextRef="I2013_OtherLeaseAgreementsMember" unitRef="USD"> 2141000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFourYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFourYears id="Tag1105" decimals="-3" contextRef="I2013_MasterLeaseAgreementMember" unitRef="USD"> 376553000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFourYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFiveYears id="Tag1106" decimals="-3" contextRef="I2013_OtherLeaseAgreementsMember" unitRef="USD"> 2178000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFiveYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFiveYears id="Tag1107" decimals="-3" contextRef="I2013_MasterLeaseAgreementMember" unitRef="USD"> 368762000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFiveYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueThereafter id="Tag1108" decimals="-3" contextRef="I2013_OtherLeaseAgreementsMember" unitRef="USD"> 17561000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueThereafter>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueThereafter id="Tag1109" decimals="-3" contextRef="I2013_MasterLeaseAgreementMember" unitRef="USD"> 3243690000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueThereafter>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDue id="Tag1110" decimals="-3" contextRef="I2013_OtherLeaseAgreementsMember" unitRef="USD"> 32409000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDue>
<us-gaap:OperatingLeasesFutureMinimumPaymentsDue id="Tag1111" decimals="-3" contextRef="I2013_MasterLeaseAgreementMember" unitRef="USD"> 5118661000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDue>
<us-gaap:LeaseAndRentalExpense id="Tag1112" decimals="-3" contextRef="D2013" unitRef="USD"> 69502000 </us-gaap:LeaseAndRentalExpense>
<us-gaap:StockholdersEquityNoteSpinoffTransaction id="Tag1113" decimals="-3" contextRef="D2013_RetainedEarningsMember" unitRef="USD"> -131148000 </us-gaap:StockholdersEquityNoteSpinoffTransaction>
<us-gaap:CashAndCashEquivalentsAtCarryingValue id="Tag1114" decimals="-3" contextRef="I2013" unitRef="USD"> 292995000 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<penn:ScheduleOfSpinoffOfRealEstateAssetsThroughREITAssetsAndLiabilitiesContributedTableTextBlock id="Tag1115" contextRef="D2013">
<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="FONT-FAMILY: times;"><font size="2">The assets and liabilities were contributed to GLPI based on their historical carrying values, which were as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;"> <p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table style="text-align:left;TEXT-ALIGN: left; WIDTH: 490px;" border="0" cellspacing="0" cellpadding="0" width="490"> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="65"></td> <td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Cash and cash equivalents</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">240,202</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Current deferred income tax assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">6,157</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other current assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">3,116</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Property and equipment, net</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">2,114,838</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Goodwill</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">75,521</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other intangible assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">9,577</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Debt issuance costs</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">39,862</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other assets</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">36,378</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Accounts payable and accrued expenses</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(16,055</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Income taxes</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(5,296</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Other current liabilities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(12,312</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Long-term debt</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(2,350,000</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Deferred income tax liabilities</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">(10,840</font></td> <td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 20pt;"><font size="2">Net contribution</font></p></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times;" align="right"><font size="2">131,148</font></td> <td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.1pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.1pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0.75pt;" --></font>​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;" align="right">​</td> <td style="LINE-HEIGHT: 0.75pt; FONT-FAMILY: times;">​</td></tr> <tr style="padding:0;PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-SIZE: 1.5pt; PADDING-TOP: 0px;" valign="bottom" bgcolor="#ffffff"> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"><!-- COMMAND=ADD_ROWSHADECOLOR,"#FFFFFF" --><!-- COMMAND=ADD_GUTTERGRID,"line-height:0pt;" --> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; LINE-HEIGHT: 0pt; FONT-FAMILY: times;" colspan="2" align="right"> </td> <td style="LINE-HEIGHT: 0pt; FONT-FAMILY: times;"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></div>
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<penn:SpinoffOfRealEstateAssetsThroughREITPropertyPlantAndEquipmentNetContributed id="Tag1118" decimals="-3" contextRef="D2013Q4_M1101" unitRef="USD"> 2114838000 </penn:SpinoffOfRealEstateAssetsThroughREITPropertyPlantAndEquipmentNetContributed>
<penn:SpinoffOfRealEstateAssetsThroughREITGoodwillContributed id="Tag1119" decimals="-3" contextRef="D2013Q4_M1101" unitRef="USD"> 75521000 </penn:SpinoffOfRealEstateAssetsThroughREITGoodwillContributed>
<penn:SpinoffOfRealEstateAssetsThroughREITIntangibleAssetsContributed id="Tag1120" decimals="-3" contextRef="D2013Q4_M1101" unitRef="USD"> 9577000 </penn:SpinoffOfRealEstateAssetsThroughREITIntangibleAssetsContributed>
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<penn:SpinoffOfRealEstateAssetsThroughREITOtherAssetsContributed id="Tag1122" decimals="-3" contextRef="D2013Q4_M1101" unitRef="USD"> 36378000 </penn:SpinoffOfRealEstateAssetsThroughREITOtherAssetsContributed>
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<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic id="Tag1129" decimals="-3" contextRef="D2013" unitRef="USD"> -794339000 </us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding id="Tag1133" decimals="-3" contextRef="D2013" unitRef="Shares"> 78111000 </us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount id="Tag1134" decimals="INF" contextRef="D2013" unitRef="Shares"> 7316713 </us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
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<us-gaap:EarningsPerShareDiluted id="Tag1136" decimals="2" contextRef="D2013" unitRef="USDPerShare"> -10.17 </us-gaap:EarningsPerShareDiluted>
<us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization id="Tag1137" decimals="-3" contextRef="I2013" unitRef="USD"> 66190000 </us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
<us-gaap:GainOnBusinessInterruptionInsuranceRecovery id="Tag1138" decimals="-3" contextRef="D2012" unitRef="USD"> 7229000 </us-gaap:GainOnBusinessInterruptionInsuranceRecovery>
<us-gaap:GainOnBusinessInterruptionInsuranceRecovery id="Tag1139" decimals="-3" contextRef="D2011" unitRef="USD"> 13257000 </us-gaap:GainOnBusinessInterruptionInsuranceRecovery>
<us-gaap:GainOnBusinessInterruptionInsuranceRecovery id="Tag1140" decimals="-3" contextRef="D2013" unitRef="USD"> -108000 </us-gaap:GainOnBusinessInterruptionInsuranceRecovery>
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<us-gaap:DebtInstrumentFairValue id="Tag1143" decimals="-3" contextRef="I2013_CarryingReportedAmountFairValueDisclosureMember_SeniorUnsecuredNotesMember" unitRef="USD"> 300000000 </us-gaap:DebtInstrumentFairValue>
<us-gaap:DebtInstrumentFairValue id="Tag1144" decimals="-3" contextRef="I2012_CarryingReportedAmountFairValueDisclosureMember_SeniorSecuredCreditFacilityMember" unitRef="USD"> 2393459000 </us-gaap:DebtInstrumentFairValue>
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<us-gaap:DebtInstrumentFairValue id="Tag1146" decimals="-3" contextRef="I2012_CarryingReportedAmountFairValueDisclosureMember_OtherLongTermObligationMember" unitRef="USD"> 10000000 </us-gaap:DebtInstrumentFairValue>
<us-gaap:DebtInstrumentFairValue id="Tag1147" decimals="-3" contextRef="I2012_EstimateOfFairValueFairValueDisclosureMember_SeniorSecuredCreditFacilityMember" unitRef="USD"> 2401225000 </us-gaap:DebtInstrumentFairValue>
<us-gaap:DebtInstrumentFairValue id="Tag1148" decimals="-3" contextRef="I2012_EstimateOfFairValueFairValueDisclosureMember_SeniorSubordinatedNotesMember" unitRef="USD"> 368875000 </us-gaap:DebtInstrumentFairValue>
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<us-gaap:DebtInstrumentFairValue id="Tag1151" decimals="-3" contextRef="I2013_EstimateOfFairValueFairValueDisclosureMember_SeniorUnsecuredNotesMember" unitRef="USD"> 297000000 </us-gaap:DebtInstrumentFairValue>
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<us-gaap:PreferredStockSharesOutstanding id="Tag1153" decimals="INF" contextRef="I2012_SeriesBPreferredStockMember" unitRef="Shares"> 12275 </us-gaap:PreferredStockSharesOutstanding>
<us-gaap:PreferredStockSharesOutstanding id="Tag1154" decimals="INF" contextRef="I2011_SeriesBPreferredStockMember" unitRef="Shares"> 12275 </us-gaap:PreferredStockSharesOutstanding>
<us-gaap:MinorityInterestOwnershipPercentageByParent id="Tag1155" decimals="3" contextRef="I2013_AffiliateOfFortressInvestmentGroupLLCMember_MaximumMember" unitRef="Pure"> 0.099 </us-gaap:MinorityInterestOwnershipPercentageByParent>
<us-gaap:PreferredStockRedemptionPricePerShare id="Tag1156" decimals="0" contextRef="I2013_SeriesBPreferredStockMember_AffiliateOfFortressInvestmentGroupLLCMember" unitRef="USDPerShare"> 67 </us-gaap:PreferredStockRedemptionPricePerShare>
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<penn:StockRepurchasedDuringPeriodValuePerShare id="Tag1158" decimals="0" contextRef="D2013_AffiliateOfFortressInvestmentGroupLLCMember_SeriesCPreferredStockMember" unitRef="USDPerShare"> 67 </penn:StockRepurchasedDuringPeriodValuePerShare>
<penn:ExchangeAgreementAmountPaid id="Tag1159" decimals="-5" contextRef="D2013Q4_M1011_AffiliatesOfFortressCenterbridgeAndWFInvestmentHoldingsMember" unitRef="USD"> 649500000 </penn:ExchangeAgreementAmountPaid>
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<penn:PropertyInsuranceCoverageLimitForDeductibleBusinessInterruption id="Tag1170" contextRef="D2011Q2_M0501_HollywoodCasinoTunicaFloodMember_FloodMember"> P2D </penn:PropertyInsuranceCoverageLimitForDeductibleBusinessInterruption>
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<us-gaap:StockholdersEquity id="Tag1174" decimals="-3" contextRef="I2013" unitRef="USD"> 758400000 </us-gaap:StockholdersEquity>
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<us-gaap:OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent id="Tag1192" decimals="-3" contextRef="D2011" unitRef="USD"> 9374000 </us-gaap:OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent>
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<us-gaap:OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent id="Tag1194" decimals="-3" contextRef="D2012" unitRef="USD"> 279000 </us-gaap:OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent id="Tag1195" decimals="-3" contextRef="D2011" unitRef="USD"> 1116000 </us-gaap:OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent id="Tag1196" decimals="-3" contextRef="D2011_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD"> 1116000 </us-gaap:OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent id="Tag1197" decimals="-3" contextRef="D2012_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD"> 279000 </us-gaap:OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent>
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<us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent id="Tag1199" decimals="-3" contextRef="D2012_AccumulatedTranslationAdjustmentMember" unitRef="USD"> 425000 </us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent id="Tag1200" decimals="-3" contextRef="D2012" unitRef="USD"> 425000 </us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent id="Tag1201" decimals="-3" contextRef="D2011" unitRef="USD"> -287000 </us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent id="Tag1202" decimals="-3" contextRef="D2011_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD"> -287000 </us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent id="Tag1203" decimals="-3" contextRef="D2012_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD"> 425000 </us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent id="Tag1204" decimals="-3" contextRef="D2013_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD"> -1245000 </us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Rental Expense related to the Master Lease</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        As a result of the Spin-Off, the Company leases from GLPI real property assets associated with 17 of the Company's gaming and related facilities used in the Company's operations. The rent structure under the Master Lease includes a fixed component, a portion of which is subject to an annual 2% escalator if certain rent coverage ratio thresholds are met, and a component that is based on the performance of the facilities, which is adjusted, subject to certain floors (i) every 5 years by an amount equal to 4% of the average change to net revenues of all facilities under the Master Lease (other than Hollywood Casino Columbus and Hollywood Casino Toledo) during the preceding five years, and (ii) monthly by an amount equal to 20% of the change in net revenues of Hollywood Casino Columbus and Hollywood Casino Toledo during the preceding month.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Master Lease is commonly known as a triple-net lease. Accordingly, in addition to rent, the Company is required to pay the following, among other things: (1) all facility maintenance; (2) all insurance required in connection with the leased properties and the business conducted on the leased properties; (3) taxes levied on or with respect to the leased properties (other than taxes on the income of the lessor); and (4) all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. At the Company's option, the Master Lease may be extended for up to four five-year renewal terms beyond the initial 15-year term, on the same terms and conditions.</font></p> </div>
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<us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill id="Tag1321" decimals="-3" contextRef="D2013_FairValueMeasurementsNonrecurringMember" unitRef="USD"> 322753000 </us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill>
<us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf id="Tag1322" decimals="-3" contextRef="D2013_FairValueMeasurementsNonrecurringMember" unitRef="USD"> 2200000 </us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf>
<us-gaap:ImpairmentOfIntangibleAssetsFinitelived id="Tag1323" decimals="-5" contextRef="D2013_SpinoffMember" unitRef="USD"> 1058400000 </us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
<penn:AssetImpairmentChargesNetOfTax id="Tag1324" decimals="-5" contextRef="D2013_ArgosyCasinoSiouxCityMember" unitRef="USD"> 70500000 </penn:AssetImpairmentChargesNetOfTax>
<us-gaap:AssetImpairmentCharges id="Tag1325" decimals="-5" contextRef="D2013_ArgosyCasinoSiouxCityMember" unitRef="USD"> 71800000 </us-gaap:AssetImpairmentCharges>
<penn:NumberOfRaceTrackRelocated id="Tag1326" decimals="INF" contextRef="D2013" unitRef="Item"> 2 </penn:NumberOfRaceTrackRelocated>
<us-gaap:FiniteLivedIntangibleAssetsGross id="Tag1327" decimals="-3" contextRef="I2012_GamingLicenseMember_ArgosyCasinoSiouxCityFacilityMember" unitRef="USD"> 24068000 </us-gaap:FiniteLivedIntangibleAssetsGross>
<us-gaap:FiniteLivedIntangibleAssetsNet id="Tag1328" decimals="-3" contextRef="I2012_GamingLicenseMember_ArgosyCasinoSiouxCityFacilityMember" unitRef="USD"> 24068000 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:GoodwillImpairmentLoss id="Tag1329" decimals="-5" contextRef="D2013Q4_SpinoffMember" unitRef="USD"> 738800000 </us-gaap:GoodwillImpairmentLoss>
<us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill id="Tag1330" decimals="-5" contextRef="D2013Q4_SpinoffMember_OtherIntangibleAssetsMember" unitRef="USD"> 319600000 </us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill>
<us-gaap:OperatingLossCarryforwards id="Tag1331" decimals="-6" contextRef="I2013_StateAndLocalJurisdictionMember" unitRef="USD"> 170000000 </us-gaap:OperatingLossCarryforwards>
<penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExchangedInPeriod id="Tag1332" decimals="INF" contextRef="D2013_RestrictedStockMember" unitRef="Shares"> 60000 </penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExchangedInPeriod>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 id="Tag1333" contextRef="D2013_MaximumMember"> P5Y </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
<us-gaap:PreferredStockValue id="Tag1334" xsi:nil="true" contextRef="I2012_SeriesBPreferredStockMember" unitRef="USD"/>
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<us-gaap:PreferredStockValue id="Tag1337" xsi:nil="true" contextRef="I2013_SeriesCPreferredStockMember" unitRef="USD"/>
<us-gaap:PreferredStockSharesAuthorized id="Tag1338" decimals="INF" contextRef="I2012_SeriesCPreferredStockMember" unitRef="Shares"> 18500 </us-gaap:PreferredStockSharesAuthorized>
<us-gaap:PreferredStockSharesIssued id="Tag1339" decimals="INF" contextRef="I2013_SeriesCPreferredStockMember" unitRef="Shares"> 8624 </us-gaap:PreferredStockSharesIssued>
<us-gaap:PreferredStockSharesIssued id="Tag1340" decimals="INF" contextRef="I2013_SeriesBPreferredStockMember" unitRef="Shares"> 0 </us-gaap:PreferredStockSharesIssued>
<us-gaap:PreferredStockSharesIssued id="Tag1341" decimals="INF" contextRef="I2012_SeriesBPreferredStockMember" unitRef="Shares"> 12275 </us-gaap:PreferredStockSharesIssued>
<us-gaap:PreferredStockSharesIssued id="Tag1342" decimals="INF" contextRef="I2012_SeriesCPreferredStockMember" unitRef="Shares"> 0 </us-gaap:PreferredStockSharesIssued>
<penn:SpinoffOfRealEstateAssetsThroughREITCashAndCashEquivalentsContributed id="Tag1343" decimals="-3" contextRef="D2013" unitRef="USD"> 240202000 </penn:SpinoffOfRealEstateAssetsThroughREITCashAndCashEquivalentsContributed>
<penn:TreasuryStockAcquiredAdjustmentForImpactOfSpinOffTransaction id="Tag1344" decimals="-3" contextRef="D2013_CommonStockMember" unitRef="USD"> 22000 </penn:TreasuryStockAcquiredAdjustmentForImpactOfSpinOffTransaction>
<penn:TreasuryStockAcquiredAdjustmentForImpactOfSpinOffTransaction id="Tag1345" decimals="-3" contextRef="D2013_AdditionalPaidInCapitalMember" unitRef="USD"> -22000 </penn:TreasuryStockAcquiredAdjustmentForImpactOfSpinOffTransaction>
<penn:TreasuryStockAcquiredAdjustmentForImpactOfSpinOffTransactionShares id="Tag1346" decimals="INF" contextRef="D2013_CommonStockMember" unitRef="Shares"> 2167393 </penn:TreasuryStockAcquiredAdjustmentForImpactOfSpinOffTransactionShares>
<penn:PreferredStockSharesOutstandingChanges id="Tag1347" decimals="INF" contextRef="D2011" unitRef="Shares"> 0 </penn:PreferredStockSharesOutstandingChanges>
<penn:PreferredStockSharesOutstandingChanges id="Tag1348" decimals="INF" contextRef="D2012" unitRef="Shares"> 0 </penn:PreferredStockSharesOutstandingChanges>
<penn:AgreementsWithSportsArenaEmployeesRatificationPeriod id="Tag1349" contextRef="D2014Q1_M02_SubsequentEventMember"> P3Y </penn:AgreementsWithSportsArenaEmployeesRatificationPeriod>
<penn:ImpairmentOfIntangibleAssetsFiniteLivedNetOfTax id="Tag1350" decimals="-5" contextRef="D2013Q4_SpinoffMember" unitRef="USD"> 842900000 </penn:ImpairmentOfIntangibleAssetsFiniteLivedNetOfTax>
<penn:ImpairmentOfIntangibleAssetsFiniteLivedNetOfTax id="Tag1351" decimals="-5" contextRef="D2013_SpinoffMember" unitRef="USD"> 842900000 </penn:ImpairmentOfIntangibleAssetsFiniteLivedNetOfTax>
<penn:PreTaxImpairmentChargesOnRelocationOfRaceTracks id="Tag1352" decimals="-5" contextRef="D2013Q4" unitRef="USD"> 2200000 </penn:PreTaxImpairmentChargesOnRelocationOfRaceTracks>
<penn:NetOfTaxImpairmentChargesOnRelocationOfRaceTracks id="Tag1353" decimals="-5" contextRef="D2013Q4" unitRef="USD"> 1400000 </penn:NetOfTaxImpairmentChargesOnRelocationOfRaceTracks>
<penn:PreTaxImpairmentChargesOnRelocationOfRaceTracks id="Tag1354" decimals="-5" contextRef="D2013" unitRef="USD"> 2200000 </penn:PreTaxImpairmentChargesOnRelocationOfRaceTracks>
<penn:NetOfTaxImpairmentChargesOnRelocationOfRaceTracks id="Tag1355" decimals="-5" contextRef="D2013" unitRef="USD"> 1400000 </penn:NetOfTaxImpairmentChargesOnRelocationOfRaceTracks>
<penn:LossContingenciesNumberOfCasinos id="Tag1356" decimals="INF" contextRef="I2011Q4_M1021" unitRef="Item"> 2 </penn:LossContingenciesNumberOfCasinos>
<penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExchangedInPeriodWeightedAverageExercisePrice id="Tag1357" decimals="2" contextRef="D2013_EmployeeStockOptionMember" unitRef="USDPerShare"> 7.14 </penn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExchangedInPeriodWeightedAverageExercisePrice>
<penn:LossContingencyPetitionsFiledNumber decimals="INF" contextRef="I2013_BelleOfSiouxCityLPMember" unitRef="Claim"> 1 </penn:LossContingencyPetitionsFiledNumber>
</xbrli:xbrl>

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/20/14  SEC                               UPLOAD9/26/17    1:36K  PENN Entertainment, Inc.
 9/19/14  SEC                               UPLOAD9/26/17    1:160K PENN Entertainment, Inc.
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Filing Submission 0001047469-14-001467   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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