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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 220,818 $ 223,486 $ 640,297 $ 662,968
Operating Expenses:        
Depreciation and amortization 26,369 25,083 77,304 75,031
Impairment losses 0 2,357 0 2,357
Hotel acquisition costs 0 (245) 0 2,028
Corporate expenses 4,521 6,109 22,139 19,199
Business interruption insurance income (8,227) 0 (16,254) 0
Gain on property insurance settlement (1,730) 0 (1,730) 0
Total operating expenses, net 176,589 189,168 544,612 558,703
Operating profit 44,229 34,318 95,685 104,265
Interest and other income, net (621) (372) (1,428) (923)
Interest expense 10,233 9,692 30,384 28,790
Loss on early extinguishment of debt 0 0 0 274
Total other expenses, net 9,612 9,320 28,956 28,141
Income before income taxes 34,617 24,998 66,729 76,124
Income tax expense (3,174) (3,375) (2,939) (9,019)
Net income $ 31,443 $ 21,623 $ 63,790 $ 67,105
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.15 $ 0.11 $ 0.31 $ 0.33
Diluted earnings per share (in dollars per share) $ 0.15 $ 0.11 $ 0.31 $ 0.33
Rooms        
Revenues:        
Total revenues $ 165,750 $ 167,990 $ 469,786 $ 483,305
Operating Expenses:        
Operating expenses 41,779 41,945 117,972 120,411
Food and beverage        
Revenues:        
Total revenues 42,922 42,651 135,286 140,191
Operating Expenses:        
Operating expenses 29,047 30,794 88,202 93,324
Management fees        
Operating Expenses:        
Operating expenses 6,099 5,356 15,542 18,317
Other        
Revenues:        
Total revenues 12,146 12,845 35,225 39,472
Operating Expenses:        
Operating expenses $ 78,731 $ 77,769 $ 241,437 $ 228,036