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v3.5.0.2

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Revenues: |  |  |  |
Rooms | $ 186,113 | $ 181,563 | $ 335,556 | $ 326,199
Food and beverage | 57,407 | 56,073 | 107,781 | 108,406
Other | 13,144 | 12,165 | 26,361 | 24,084
Total revenues | 256,664 | 249,801 | 469,698 | 458,689
Operating Expenses: |  |  |  |
Rooms | 43,257 | 41,993 | 81,971 | 80,457
Food and beverage | 35,265 | 35,355 | 68,615 | 70,901
Management fees | 8,772 | 8,903 | 15,381 | 15,103
Other hotel expenses | 79,524 | 77,546 | 158,453 | 154,052
Depreciation and amortization | 25,005 | 25,574 | 50,126 | 49,911
Impairment losses | 0 | 9,675 | 0 | 10,461
Hotel acquisition costs | 0 | 260 | 0 | 492
Corporate expenses | 6,736 | 6,331 | 12,736 | 11,741
Total operating expenses, net | 198,559 | 205,637 | 387,282 | 393,118
Operating profit | 58,105 | 44,164 | 82,416 | 65,571
Interest and other income, net | (68) | (227) | (118) | (354)
Interest expense | 11,074 | 12,838 | 22,738 | 26,056
Gain on sale of hotel properties | (8,121) | 0 | (8,121) | 0
Total other expenses, net | 2,885 | 12,611 | 14,499 | 25,702
Income before income taxes | 55,220 | 31,553 | 67,917 | 39,869
Income tax expense | (11,045) | (6,731) | (6,964) | (4,405)
Net income | $ 44,175 | $ 24,822 | $ 60,953 | $ 35,464
Earnings per share: |  |  |  |
Basic earnings per share (in dollars per share) | $ 0.22 | $ 0.12 | $ 0.30 | $ 0.18
Diluted earnings per share (in dollars per share) | $ 0.22 | $ 0.12 | $ 0.30 | $ 0.18

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