XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rooms $ 167,990 $ 163,158 $ 483,305 $ 498,714
Food and beverage 42,651 44,069 140,191 151,850
Other 12,845 13,012 39,472 39,373
Total revenues 223,486 220,239 662,968 689,937
Operating Expenses:        
Rooms 41,945 39,766 120,411 121,737
Food and beverage 30,794 29,103 93,324 97,718
Management fees 5,356 7,655 18,317 23,036
Other hotel expenses 77,769 74,123 228,036 232,576
Depreciation and amortization 25,083 23,605 75,031 73,731
Impairment losses 2,357 0 2,357 0
Hotel acquisition costs (245) 0 2,028 0
Corporate expenses 6,109 4,684 19,199 17,420
Total operating expenses, net 189,168 178,936 558,703 566,218
Operating profit 34,318 41,303 104,265 123,719
Interest and other income, net (372) (333) (923) (451)
Interest expense 9,692 9,504 28,790 32,242
Loss on early extinguishment of debt 0 0 274 0
Gain on sale of hotel properties 0 (2,198) 0 (10,319)
Total other expenses, net 9,320 6,973 28,141 21,472
Income before income taxes 24,998 34,330 76,124 102,247
Income tax expense (3,375) (4,393) (9,019) (11,357)
Net income $ 21,623 $ 29,937 $ 67,105 $ 90,890
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.11 $ 0.15 $ 0.33 $ 0.45
Diluted earnings per share (in dollars per share) $ 0.11 $ 0.15 $ 0.33 $ 0.45