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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rooms $ 165,088 $ 150,059 $ 294,824 $ 270,439
Food and beverage 52,182 55,573 100,793 99,590
Other 12,664 12,382 24,401 23,847
Total revenues 229,934 218,014 420,018 393,876
Operating Expenses:        
Rooms 41,143 38,037 79,248 73,217
Food and beverage 34,693 36,974 69,193 69,816
Management fees 8,459 7,184 13,752 11,918
Other hotel expenses 72,393 72,543 144,869 140,200
Depreciation and amortization 25,126 26,607 50,249 52,858
Corporate and other expenses 4,690 5,301 9,878 13,146
Gain on insurance proceeds (608) 0 (1,271) 0
Gain on litigation settlement, net (10,999) 0 (10,999) 0
Total operating expenses, net 174,897 186,646 354,919 361,155
Operating profit 55,037 31,368 65,099 32,721
Other Expenses (Income):        
Interest income (957) (1,659) (2,609) (2,944)
Interest expense 14,600 14,456 29,125 28,040
Gain on sale of hotel property (1,290) 0 (1,290) 0
Gain on prepayment of note receivable (13,550) 0 (13,550) 0
Total other expenses (income), net (1,197) 12,797 11,676 25,096
Income from continuing operations before income taxes 56,234 18,571 53,423 7,625
Income tax (expense) benefit (4,318) (4,451) 2,530 1,695
Income from continuing operations 51,916 14,120 55,953 9,320
Income from discontinued operations, net of taxes 0 952 0 1,625
Net income $ 51,916 $ 15,072 $ 55,953 $ 10,945
Basic earnings per share:        
Continuing operations (in dollars per share) $ 0.27 $ 0.07 $ 0.29 $ 0.05
Discontinued operations (in dollars per share) $ 0.00 $ 0.01 $ 0.00 $ 0.01
Basic earnings per share (in dollars per share) $ 0.27 $ 0.08 $ 0.29 $ 0.06