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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rooms $ 163,158 $ 178,529 $ 498,714 $ 504,729
Food and beverage 44,069 47,256 151,850 155,662
Other 13,012 12,717 39,373 36,801
Total revenues 220,239 238,502 689,937 697,192
Operating Expenses:        
Rooms 39,766 42,415 121,737 122,872
Food and beverage 29,103 32,143 97,718 103,044
Management fees 7,655 7,562 23,036 22,665
Other hotel expenses 74,123 83,358 232,576 237,410
Depreciation and amortization 23,605 25,107 73,731 75,018
Impairment losses 0 0 0 10,461
Hotel acquisition costs 0 453 0 945
Corporate expenses 4,684 6,048 17,420 17,790
Total operating expenses, net 178,936 197,086 566,218 590,205
Operating profit 41,303 41,416 123,719 106,987
Interest and other income, net (333) (126) (451) (480)
Interest expense 9,504 12,907 32,242 38,963
Gain on sale of hotel properties (2,198) 0 (10,319) 0
Total other expenses, net 6,973 12,781 21,472 38,483
Income before income taxes 34,330 28,635 102,247 68,504
Income tax expense (4,393) (4,171) (11,357) (8,576)
Net income $ 29,937 $ 24,464 $ 90,890 $ 59,928
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.15 $ 0.12 $ 0.45 $ 0.30
Diluted earnings per share (in dollars per share) $ 0.15 $ 0.12 $ 0.45 $ 0.30