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v2.4.1.9

Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
Revenues: |  |
Rooms | $ 144,637us-gaap_OccupancyRevenue | $ 129,736us-gaap_OccupancyRevenue
Food and beverage | 52,333us-gaap_FoodAndBeverageRevenue | 48,611us-gaap_FoodAndBeverageRevenue
Other | 11,918us-gaap_OtherHotelOperatingRevenue | 11,737us-gaap_OtherHotelOperatingRevenue
Total revenues | 208,888us-gaap_RevenueFromLeasedAndOwnedHotels | 190,084us-gaap_RevenueFromLeasedAndOwnedHotels
Operating Expenses: |  |
Rooms | 38,464us-gaap_OccupancyCosts | 38,105us-gaap_OccupancyCosts
Food and beverage | 35,547us-gaap_FoodAndBeverageCostOfSales | 34,500us-gaap_FoodAndBeverageCostOfSales
Management fees | 6,201us-gaap_OwnedPropertyManagementCosts | 5,293us-gaap_OwnedPropertyManagementCosts
Other hotel expenses | 76,505us-gaap_OtherDirectCostsOfHotels | 72,476us-gaap_OtherDirectCostsOfHotels
Depreciation and amortization | 24,337us-gaap_DepreciationAndAmortization | 25,123us-gaap_DepreciationAndAmortization
Impairment of favorable lease asset | 786us-gaap_AssetImpairmentCharges | 0us-gaap_AssetImpairmentCharges
Hotel acquisition costs | 232us-gaap_BusinessCombinationAcquisitionRelatedCosts | 0us-gaap_BusinessCombinationAcquisitionRelatedCosts
Corporate expenses | 5,410us-gaap_GeneralAndAdministrativeExpense | 5,188us-gaap_GeneralAndAdministrativeExpense
Gain on insurance proceeds | 0us-gaap_InsuranceRecoveries | (663)us-gaap_InsuranceRecoveries
Total operating expenses, net | 187,482us-gaap_CostsAndExpenses | 180,022us-gaap_CostsAndExpenses
Operating profit | 21,406us-gaap_OperatingIncomeLoss | 10,062us-gaap_OperatingIncomeLoss
Interest income | (90)us-gaap_InvestmentIncomeInterest | (1,652)us-gaap_InvestmentIncomeInterest
Interest expense | 13,219us-gaap_InterestExpense | 14,525us-gaap_InterestExpense
Other income, net | (38)us-gaap_OtherNonoperatingIncome | 0us-gaap_OtherNonoperatingIncome
Total other expenses, net | 13,091us-gaap_NonoperatingIncomeExpense | 12,873us-gaap_NonoperatingIncomeExpense
Income (loss) before income taxes | 8,315us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | (2,811)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit | 2,326us-gaap_IncomeTaxExpenseBenefit | 6,848us-gaap_IncomeTaxExpenseBenefit
Net income | $ 10,641us-gaap_NetIncomeLoss | $ 4,037us-gaap_NetIncomeLoss
Earnings per share: |  |
Basic and diluted earnings per share (in dollars per share) | $ 0.05us-gaap_EarningsPerShareBasicAndDiluted | $ 0.02us-gaap_EarningsPerShareBasicAndDiluted

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