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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rooms $ 635,932 $ 650,624 $ 673,578
Food and beverage 183,049 194,756 208,173
Other 51,024 51,178 49,239
Total revenues 870,005 896,558 930,990
Operating Expenses:      
Rooms 158,534 159,151 163,549
Food and beverage 120,460 125,916 137,297
Management fees 21,969 30,143 30,633
Other hotel expenses 302,272 302,805 317,623
Depreciation and amortization 99,090 97,444 101,143
Impairment losses 3,209 0 10,461
Hotel acquisition costs 2,028 0 949
Corporate expenses 26,711 23,629 24,061
Gain on business interruption insurance (4,051) 0 0
Total operating expenses, net 730,222 739,088 785,716
Operating income 139,783 157,470 145,274
Interest and other income, net (1,820) (762) (688)
Interest expense 38,481 41,735 52,684
Gain on repayment of note receivable 0 0 (3,927)
Loss (gain) on sales of hotel properties, net 764 (10,698) 0
Loss on early extinguishment of debt 274 0 0
Total other expenses, net 37,699 30,275 48,069
Income before income taxes 102,084 127,195 97,205
Income tax expense (10,207) (12,399) (11,575)
Net income $ 91,877 $ 114,796 $ 85,630
Earnings per share:      
Basic earnings per share (in dollars per share) $ 0.46 $ 0.57 $ 0.43
Diluted earnings per share (in dollars per share) $ 0.46 $ 0.57 $ 0.43
Weighted-average number of common shares outstanding:      
Basic (in shares) 200,784,450 201,079,573 200,796,678
Diluted (in shares) 201,521,468 201,676,258 201,459,934