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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rooms $ 177,483 $ 186,113 $ 315,315 $ 335,556
Food and beverage 52,762 57,407 97,540 107,781
Other 13,027 13,144 26,627 26,361
Total revenues 243,272 256,664 439,482 469,698
Operating Expenses:        
Rooms 41,565 43,257 78,466 81,971
Food and beverage 33,064 35,265 62,530 68,615
Management fees 6,949 8,772 12,961 15,381
Other hotel expenses 78,608 79,524 150,267 158,453
Depreciation and amortization 25,585 25,005 49,948 50,126
Hotel acquisition costs 22 0 2,273 0
Corporate expenses 6,828 6,736 13,090 12,736
Total operating expenses, net 192,621 198,559 369,535 387,282
Operating profit 50,651 58,105 69,947 82,416
Interest and other income, net (192) (68) (551) (118)
Interest expense 9,585 11,074 19,098 22,738
Loss on early extinguishment of debt 274 0 274 0
Gain on sale of hotel properties 0 8,121 0 8,121
Total other expenses, net 9,667 2,885 18,821 14,499
Income before income taxes 40,984 55,220 51,126 67,917
Income tax expense (4,389) (11,045) (5,644) (6,964)
Net income $ 36,595 $ 44,175 $ 45,482 $ 60,953
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.18 $ 0.22 $ 0.23 $ 0.30
Diluted earnings per share (in dollars per share) $ 0.18 $ 0.22 $ 0.23 $ 0.30