XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 07, 2012
Sep. 07, 2012
Sep. 30, 2013
Revenues:        
Rooms $ 150,146 $ 132,578 $ 338,043 $ 428,981
Food and beverage 47,522 40,791 117,415 149,743
Other 12,975 10,504 27,787 37,407
Total revenues 210,643 183,873 483,245 616,131
Operating Expenses:        
Rooms 40,521 35,428 92,386 116,091
Food and beverage 34,591 30,008 85,731 106,475
Management fees 7,178 5,744 15,313 19,410
Other hotel expenses 75,176 64,098 171,131 219,302
Depreciation and amortization 26,254 22,612 62,802 80,280
Impairment losses 0 30,376 30,844 0
Hotel acquisition costs 23 8,314 10,345 46
Corporate expenses 4,932 6,227 15,711 18,055
Total operating expenses 188,675 202,807 484,263 559,659
Operating profit (loss) 21,968 (18,934) (1,018) 56,472
Other Expenses (Income):        
Interest income (1,660) (60) (278) (4,604)
Interest expense 14,471 12,732 36,710 42,511
Gain on early extinguishment of debt 0 0 (144) 0
Total other expenses, net 12,811 12,672 36,288 37,907
Income (loss) from continuing operations before income taxes 9,157 (31,606) (37,306) 18,565
Income tax (expense) benefit (593) 916 4,992 944
Income (loss) from continuing operations 8,564 (30,690) (32,314) 19,509
Loss from discontinued operations, net of income taxes 0 (14,089) (905) 0
Net income (loss) $ 8,564 $ (44,779) $ (33,219) $ 19,509
Earnings (loss) per share:        
Continuing operations (in dollars per share) $ 0.04 $ (0.16) $ (0.19) $ 0.10
Discontinued operations (in dollars per share) $ 0.00 $ (0.08) $ 0.00 $ 0.00
Basic and diluted earnings (loss) per share (in dollars per share) $ 0.04 $ (0.24) $ (0.19) $ 0.10