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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rooms $ 650,624 $ 673,578 $ 628,870
Food and beverage 194,756 208,173 195,077
Other 51,178 49,239 48,915
Total revenues 896,558 930,990 872,862
Operating Expenses:      
Rooms 159,151 163,549 162,870
Food and beverage 125,916 137,297 135,402
Management fees 30,143 30,633 30,027
Other hotel expenses 302,805 317,623 295,826
Depreciation and amortization 97,444 101,143 99,650
Impairment losses 0 10,461 0
Hotel acquisition costs 0 949 2,177
Corporate expenses 23,629 24,061 22,267
Gain on insurance proceeds 0 0 (1,825)
Gain on litigation settlement, net 0 0 (10,999)
Total operating expenses, net 739,088 785,716 735,395
Operating income 157,470 145,274 137,467
Interest and other income, net (762) (688) (3,027)
Gain on repayments of notes receivable 41,735 52,684 58,278
Gain on repayments of notes receivable 0 (3,927) (13,550)
Gain on sales of hotel properties, net (10,698) 0 (50,969)
Gain on hotel property acquisition 0 0 (23,894)
Loss on early extinguishment of debt 0 0 1,616
Total other expenses (income), net 30,275 48,069 (31,546)
Income before income taxes 127,195 97,205 169,013
Income tax expense (12,399) (11,575) (5,636)
Net income $ 114,796 $ 85,630 $ 163,377
Earnings per share:      
Basic earnings per share (in dollars per share) $ 0.57 $ 0.43 $ 0.83
Diluted earnings per share (in dollars per share) $ 0.57 $ 0.43 $ 0.83
Weighted-average number of common shares outstanding:      
Basic (in shares) 201,079,573 200,796,678 195,943,813
Diluted (in shares) 201,676,258 201,459,934 196,682,981