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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Rooms $ 673,578 $ 628,870 $ 558,751
Food and beverage 208,173 195,077 193,043
Other 49,239 48,915 47,894
Total revenues 930,990 872,862 799,688
Operating Expenses:      
Rooms 163,549 162,870 151,040
Food and beverage 137,297 135,402 136,454
Management fees 30,633 30,027 25,546
Other hotel expenses 317,623 295,826 284,523
Depreciation and amortization 101,143 99,650 103,895
Impairment losses 10,461 0 0
Hotel acquisition costs 949 2,177 0
Corporate expenses 24,061 22,267 23,072
Gain on insurance proceeds 0 (1,825) 0
Gain on litigation settlement, net 0 (10,999) 0
Total operating expenses, net 785,716 735,395 724,530
Operating income 145,274 137,467 75,158
Interest income (359) (3,027) (6,328)
Gain on repayments of notes receivable 52,684 58,278 57,279
Other income, net (329) 0 0
Gain on repayments of notes receivable (3,927) (13,550) 0
Gain on sales of hotel properties, net 0 (50,969) 0
Gain on hotel property acquisition 0 (23,894) 0
Loss on early extinguishment of debt 0 1,616 1,492
Total other expenses (income), net 48,069 (31,546) 52,443
Income from continuing operations before income taxes 97,205 169,013 22,715
Income tax (expense) benefit (11,575) (5,636) 1,113
Income from continuing operations 85,630 163,377 23,828
Income from discontinued operations, net of income taxes 0 0 25,237
Net income $ 85,630 $ 163,377 $ 49,065
Basic and diluted earnings per share:      
Continuing operations (in dollars per share) $ 0.43 $ 0.83 $ 0.12
Discontinued operations (in dollars per share) 0.00 0.00 0.13
Basic and diluted earning per share (in dollars per share) $ 0.43 $ 0.83 $ 0.25
Weighted-average number of common shares outstanding:      
Basic (in shares) 200,796,678 195,943,813 195,478,353
Diluted (in shares) 201,459,934 196,682,981 195,862,506