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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