XML 68 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Rooms $ 441,514 $ 358,441 $ 322,568
Food and beverage 165,114 153,722 142,367
Other 31,602 27,160 28,707
Total revenues 638,230 539,323 493,642
Operating Expenses:      
Rooms 118,701 95,975 86,904
Food and beverage 117,205 108,895 104,210
Management fees 22,031 19,055 16,805
Other hotel expenses 228,559 195,336 183,880
Depreciation and amortization 87,259 76,464 71,017
Impairment of favorable lease asset 0 0 2,542
Hotel acquisition costs 2,521 1,436 0
Corporate expenses 21,247 16,384 18,317
Total operating expenses 597,523 513,545 483,675
Operating profit 40,707 25,778 9,967
Other Expenses (Income):      
Interest income (614) (783) (342)
Interest expense 45,406 35,425 40,400
Total other expenses 44,792 34,642 40,058
Income (loss) before income taxes (4,085) (8,864) (30,091)
Income tax (expense) benefit (3,655) (1,995) 20,426
Net loss from continuing operations (7,740) (10,859) (9,665)
Income (loss) from discontinued operations 62 1,687 (1,425)
Net income (loss) $ (7,678) $ (9,172) $ (11,090)
Loss per share:      
Continuing operations $ (0.05) $ (0.07) $ (0.09)
Discontinued operations (in dollars per share) $ 0.00 $ 0.01 $ (0.01)
Basic and diluted loss per share (in dollars per share) $ (0.05) $ (0.06) $ (0.10)
Weighted-average number of common shares outstanding:      
Basic (in shares) 166,667,459 144,463,587 107,404,074
Diluted (in shares) 166,667,459 144,463,587 107,404,074