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Discontinued Operations
 6 Months Ended
Jun. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

We sold four hotels during 2012 in two separate transactions. In March 2012, we completed the sale of a three-hotel portfolio, which consisted of the Griffin Gate Marriott Resort and Spa, the Renaissance Waverly, and the Renaissance Austin and in October 2012 we completed the sale of the Atlanta Westin North at Perimeter. The operating results of these hotels, as well as the gain on sale on the three-hotel portfolio, are reported in discontinued operations on the accompanying condensed consolidated statements of operations for the fiscal quarter ended June 15, 2012 and the period from January 1, 2012 to June 15, 2012.

The following table summarizes the components of discontinued operations in the condensed consolidated statements of operations for the periods presented (unaudited; in thousands, except per share data):
 
 
Quarter Ended
 
Period from
 
 
June 15, 2012
 
January 1, 2012 to June 15, 2012
Hotel revenues
 
$
4,596

 
$
27,199

Hotel operating expenses
 
(3,587
)
 
(20,362
)
Operating income
 
1,009

 
6,837

Depreciation and amortization
 
(441
)
 
(898
)
Interest expense
 
—

 
(2,296
)
Gain on sale of hotel properties
 
—

 
9,877

Income tax expense
 
(109
)
 
(340
)
Income from discontinued operations
 
$
459

 
$
13,180

Basic and diluted income from discontinued operations per share
 
$
0.00

 
$
0.08